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Laminate Flooring Market Share, Size, Industry Growth and Research Report 2020 To 2025

October 14
16:54 2020
Laminate Flooring Market Share, Size, Industry Growth and Research Report 2020 To 2025

wood and laminate flooring market
The global laminate flooring market is driven by increasing demand for wood-based flooring materials, improving living standards, and considerable investments in the construction and real-estate sectors.

The latest report by IMARC Group, titled “Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the global laminate flooring market size reached a volume of 975 Million Sq. Meters in 2019, registering a CAGR of 2% during 2012-2019. Laminate flooring refers to a durable and versatile flooring solution made of melamine resin and fiberboard materials. It is composed of four layers, namely wear layer, design layer, core layer and back layer, which are fused using intense heat and pressure. Nowadays, laminate flooring is available in a wide variety of colors and designs, which enhance its aesthetic appeal among users. As it resists staining, scratching, denting and fading, laminate flooring has gained preference as a flooring material over the years.

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Global Laminate Flooring Market Trends:

Laminate flooring offers ease of installation, reduces the requirement for skilled labor and is a relatively inexpensive option as compared to engineered wood, solid hardwood, and stone floor coverings. It can even replicate stone, tiles as well as wood patterns. Besides these advantages, the rising population and improving standards of living have led to a rise in the demand for modern housing, particularly in emerging nations, which has significantly contributed to the growth of the market. Apart from this, substantial investments in the real estate sector, mounting construction activities, and the escalating demand for wood-based flooring materials have proliferated the growth of the market globally. Moreover, manufacturers are introducing laminate flooring with advanced features, such as custom prints and designs, better wear layers, enhanced locking mechanisms, high-quality visuals and improved chemical resistance. On account of these factors, the market is projected to reach a volume of around 1,048 Million Sq. Meters by 2025.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Summary:

Based on the types, the market has been bifurcated into high density fiberboard (HDF) and medium density fiberboard (MDF) laminates. At present, the MDF laminate is the most popular product type.

On the basis of the sector, the commercial sector dominates the market, holding the largest market share, followed by the residential sector.

Region-wise, Asia Pacific accounts for the majority of the market share. Other major regions include North America, Europe, Middle East and Africa, and Latin America.

The competitive landscape of the market has also been examined, with some of the key players being Mohawk Industries Inc., Tarkett S.A., Armstrong World Industries, Inc., Shaw Industries Group, Inc., Mannington Mills, Inc. and Beaulieu International Group.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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