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World Decorative Laminates Market to Reach $23.6 Billion by 2012, According to a New Report by Global Industry Analysts, Inc.
Driven by an expected revival in the construction industry after the year 2009 and a rise in remodeling and refurbishments of houses, world market for Decorative Laminates is projected to reach $23.6 billion by 2012.
San Jose, CA (PRWEB) November 4, 2008 -- The world decorative laminates market stands enthused by the rising levels of technology, and aesthetic advancements. Production techniques have undergone refining changes to support new emerging patterns and designs such as three-dimensional surfaces, metal surfaces, and gloss. Technical improvements are manifested in the form of next generation laminates ingrained with thin microscopic particles of aluminum oxide, which act as a protective layer, providing abrasion/scratch resistance, and gloss/color retention.
Continuous innovation is expected to trigger product end-use diversification from conventional uses to newer, and more novel applications in the field of consumer audio-visual electronics and interior fitting of automobiles such as cars, caravans and boats. Market for decorative laminates is increasingly pulsating to the rhythm of inspirational fashion, and cultural trends in interior design. The wide range of designs, colors, textures, and styles are helping keep consumer interests sufficiently kindled. While designs, and textures that closely emulate stone, natural tile, wood, metal and ceramic are evergreen favorites, digitally produced images and patterns in vivid, and bold colors are a rage in the marketplace.
Sales of decorative laminates in the United States are estimated at about US $7 billion in 2008. Global market is poised to exceed US $21.2 billion in 2009, with Europe accounting for about 28.5% of the worldwide revenues. Driven by increased demand from developing nations, sales of decorative laminates in Asia-Pacific are projected to exceed US $3.48 by 2012, as against an estimated US $2.75 billion in 2007.
Leading global and regional players covered in the report include Formica Corporation, Kingboard Laminates Holdings Limited, OMNOVA Solutions, Inc., Pergo AB, and Wilsonart International, among others.
The report titled "Decorative Laminates: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, challenges, competition and fashion trends. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. Product markets analyzed in the report include Low Pressure Laminates (Thermofused Melamines, Papers (Low Basis Weight), Decorative Foils, and Vinyls), High Pressure Laminates, and Edgebanding. End-use markets analyzed in the report include Kitchen & Bathroom Applications, Furniture, Flooring, Store Fixtures, and Wall Panels. Latent demand patterns are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, and Latin America, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities. The report analyzes the market size in terms of dollar sales over the years 2001 through 2010. Long-term projections are presented for the years 2011-2015.
For more details about this research report, please visit http://www.strategyr.com/Decorative_Laminates_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com/
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