Global Decorative Laminates Market Report 2021: Market Reached $38.3 Billion in 2020 - Forecast to 2026
April 22, 2021 07:38 ET
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Research and Markets
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The global decorative laminates market reached a value of US$ 38.3 Billion in 2020. Looking forward, the market to exhibit moderate growth during the next five years.
Decorative laminates refer to specially designed laminated sheets that are used as furniture surface materials, flooring, or wall paneling. Generally, the laminates are manufactured by blending brown kraft papers with decorative printed patterns using heat and pressure.
Decorative laminates are preferred over veneers, paints, and coatings on account of their durability, cost-effectiveness, long shelf-life, and improved aesthetic value. Owing to this, they are majorly used for decorating and protecting cabinets, walls, furniture, flooring, etc.