The global high-pressure laminate market revenue was around US$ 7.41 billion in 2022 and is estimated to reach US$ 13.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 7% during the forecast period from 2023 to 2031.
High-pressure laminate (HPL) belongs to the same family of decorative materials as the historically utilized and broadly famous plastic laminate. It is an adaptable material that combines abstract patterns, wood grains, and vibrant solid colors.
Market Driving Factors
Growing preference for high-pressure laminates in the furniture industry due to their durability to scratches, resistance, and serenity of maintenance will fuel the market expansion. The furniture industry is currently witnessing a substantial change towards high-pressure laminates as the prior material for furniture. In addition, high-pressure laminates are highly resistant to tear and wear, making them a perfect choice for furniture that experiences heavy daily usage, such as tables, kitchen cabinets, and countertops.
High-pressure laminate producers might innovate new items or carry out necessary research and development tasks to create new products. It is expected that producing environmentally friendly products would create chances for manufacturers, which is likely to create prospects for manufacturers to expand their customer base in the market.
Increasing manufacturer competition and the emergence of substitute products limit the market growth.
Regional Analysis
Asia-Pacific dominated the market and is expected to continue its dominance over the forecast period. This can be attributed to the India and China have various HPL suppliers and manufacturers, contributing to this growth. Furthermore, increasing disposable incomes, population surges, and a rise in middle-income groups are accelerating housing needs. In addition, new corporate offices, restaurants, and entertainment venues are examples of how commercial development is assisted by economic expansion and international investment in the region.
North America is predicted to grow at the fastest rate in the market. The American interior decoration and home renovation sector is experiencing an increase owing to a surge in demand for upgrades, modernization, and value addition. Older homes need repairs and energy efficiency improvements. Thus, homeowners also seek personalized and contemporary aesthetics for their living areas.
Segmentation Insights
Type Insight
The general-purpose type segment held the highest revenue share in the market. These many models are extremely versatile, making them perfect for fulfilling the demands of the commercial, residential, and industrial market sectors. In addition, high-pressure laminate has a broad range of manufacturing applications. These include furniture, wall décor, cabinets, flooring, and other components that improve a functioning environment.
Application Insight
The commercial segment accounted for the highest share of the market during the projection period. Companies in the food service, lodging, and entertainment sectors are included in the commercial sector. In recent years, there has been a substantial increase in segment demand due to the surge in the need for aesthetically appealing, functional, and durable environments. Furthermore, the utilization of skilled curators to improve the appeal of these areas has led to boosted customer awareness.
Prominent Companies
Segmentation Outline
The global high-pressure laminate market segmentation focuses on Type, Application, Width Type, and Region.
By Type
By Application
By Width Type
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL HIGH-PRESSURE LAMINATE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: HIGH-PRESSURE LAMINATE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL HIGH-PRESSURE LAMINATE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL HIGH-PRESSURE LAMINATE MARKET, BY TYPE
5.1 OVERVIEW
5.2 GENERAL PURPOSE TYPE
5.3 POSTFORMING TYPE
5.4 BACKER TYPE
5.5 OTHERS
6 GLOBAL HIGH-PRESSURE LAMINATE MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 COMMERCIAL
6.3 RESIDENTIAL
6.4 INDUSTRIAL
7 GLOBAL HIGH-PRESSURE LAMINATE MARKET, BY WIDTH TYPE
7.1 OVERVIEW
7.2 760 MM
7.3 760 MM TO 1000 MM
7.4 1000 MM TO 1600 MM
7.5 ABOVE 1600 MM
8 GLOBAL HIGH-PRESSURE LAMINATE MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL HIGH-PRESSURE LAMINATE MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 ABET LAMINATI S.P.A.
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 ABET LAMINATI UK LTD
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 ARPA INDUSTRIALE S.P.A.
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 DURIAN LAMINATES
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 FINSA - FIBRAS INDUSTRIALES S.A.
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 FORMICA CORPORATION
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 FUNDERMAX GMBH
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 GREENLAM INDUSTRIES LTD
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 KRONOSPAN HOLDINGS LTD
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 LAMINEX GROUP
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 MERINO GROUP
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 PIONITE SURFACES
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 SHAW INDUSTRIES GROUP INC
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 STYLAM INDUSTRIES LIMITED
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 TRESPA INTERNATIONAL B.V.
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 WILSONART LLC
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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