Laminate Flooring - Global Market Trajectory & Analytics

The global market for Laminate Flooring is projected to reach US$21.3 billion by 2025, driven bynew flooring trends that drive demand in favor of laminates given their virtually unlimited variety of styles, designs and colorsavailable. Homeowners are always on the lookout forbeautiful flooring options at affordable prices. Laminate floors provide both the elegance and beauty of expensive natural wood, ceramic and porcelain titlesat low prices. Made up of layers of adhered fiberboard with printed images of wood, tile or stone, laminate floors are today a popular choice among homeowners.

Benefitsof laminateflooring driving their adoption rates include long-lasting and durable characteristics; easily maintainece and installation; suitable for installation basement floors and upper rooms; eco-friendly materials it is produced with paper developed from farm-raised trees. Unlike wood, laminate flooring resists swelling and shrinkage due to seasonal changes. Recent innovations in decorative overlays and improvements in physical characteristicssuch as protection against normal wear; advanced stain resistance; impact and indentation resistance; fade resistance; radiant heat resistance; dimensional tolerances;have all helped expand applications in both the residential and commercial sectors. Resistance tochemicals, for instance, is encouraging use of laminateflooring in beauty salons, laboratories, and healthcare facilities. Innovations in digital designs are making laminates perfect floor options for boutiques, bookstores, art galleries, dry cleaner shops, banks, gift shops, photography studios, hotel rooms, coffee shops, jewelry stores, professional offices, classrooms, and waiting rooms.

To impart elegance to a home, homeowners are using exotic grainy designs in rich colorations and textured details that can magically turn a kitchen into a vintage butler pantry. Wenge style flooring in deep chocolate tones is a perfect choice for homeowners wishing to impart to their living rooms a rich, elegant and expensive look of rare wood species. Waterproof laminates in exotic rich colors from golden honey tones to rich russet-brown help transform basement media room from being stuffy and lifeless into a bright multimedia retreat. White plank styled laminates with sound insulation represents a frugal way to turn bedrooms into an oasis of comfort & regeneration, while laminate floors in imperial oak designs bring glamour and refinement to outdoor patio spaces. Laminate flooring in short is a bold direction forward in decorative surfaces and the market holds a growth edge given its growing acceptance in the non-residential sector.

Select Competitors (Total 82 Featured):

• Beaulieu International Group
• CLASSEN Group
• Daiken Corporation
• Der International Flooring Co., Ltd.
• FausFloor
• Home Legend, LLC
• Kaindl Flooring GmbH
• Mannington Mills, Inc.
• Mohawk Industries, Inc.
• Robina Flooring Sdn Bhd
• Shaw Industries, Inc.
• SWISS KRONO Group
• Tarkett, Inc.
• Wickes.