Laminate Flooring Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global laminate flooring market attained a volume of 1.02 billion Sq. Metres in 2024. The market is further projected to grow during the forecast period of 2025-2034 at a CAGR of 1.80% to reach a volume of 1.22 billion Sq. Metres by 2034.

Based on the types, the medium density fibreboard (MDF) segment dominated the global laminate flooring market in 2020. It is made up of wood fibres that are fused with the resin or an adhesive under intense heat and pressure. Based on the sector, the commercial sector accounted for the majority of the market share in 2020. The segment growth can be accredited to the emerging demand for aesthetically appealing flooring materials coupled with the growing trend of interior decoration.

Regionally, the Asia-Pacific is expected to be the largest market in 2020. The rising population and surging need for housing in emerging economies such as India and China are aiding the industry growth in the region.

Laminate Flooring: Market Segmentation

Laminate flooring refers to the durable and versatile flooring solution, which is made of melamine resin and fibreboard materials. It is composed of a multi-layer, which includes wear layer, design layer, core layer, and back layer. All the layers are fused using intense heat and pressure. It is inexpensive, easy to install, and requires less maintenance, which is likely to increase the market growth. Additionally, the upper layer of the laminate flooring uses melamine and aluminium oxide that provides the laminate board moisture resistance and scratch-free surface. Furthermore, with a wide range of dimensions, it is increasingly being adopted to replicate different surfaces such as stones, tiles, and wood, among others.

The major types of the product in the industry are:

• HDF Laminates
• MDF Laminates

The industry can be broadly segmented on the basis of the sector segment into:

• Residential
• Commercial

The report looks into the regional markets of the product like:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

Laminate flooring reduces the requirement for skilled labour, is easy to install, and is relatively inexpensive as compared to engineered wood, stone floor coverings, and solid hardwood. These favourable properties are supporting the growth of the global laminate flooring market. The rising population, increasing construction activities, and improved lifestyles have led to a rise in the demand for modern housing, particularly in developing countries, which, in turn, have considerably contributed to the growth of the market. The mounting construction activities, increasing investments in the real estate sector, and the escalating demand for wood-based flooring materials have also stimulated the growth of the market globally. Moreover, advanced features such as custom prints and designs, better wear layers, high-quality visuals, and improved chemical resistance are also anticipated to fuel the demand for laminate flooring across the globe. Consequently, advancements in printing and designing technologies are expected to stimulate the demand for the product across the globe.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global laminate flooring market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Mohawk Industries, Inc.
• Tarkett
• AFI Licensing LLC
• Shaw Industries Group, Inc.
• Mannington Mills, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.