Key Takeaways from the Latest Study On the Global “Laminate Flooring” Market
The global market for Laminate Flooring is projected to reach US$21.3 billion by 2025, driven by new flooring trends that drive demand in favor of laminates given their virtually unlimited variety of styles, designs and colors available.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Laminate Flooring market. Report segmentation for End-Uses includes Residential, and Commercial.
21 June 1:58 A.M., California/Marketwire/ - According to the new market research report, the global market for Laminate Flooring is projected to reach US$21.3 billion by 2025, driven by new flooring trends that drive demand in favor of laminates given their virtually unlimited variety of styles, designs and colors available. Homeowners are always on the lookout for beautiful flooring options at affordable prices. Laminate floors provide both the elegance and beauty of expensive natural wood, ceramic and porcelain titles at 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. Benefits of laminate flooring driving their adoption rates include long-lasting and durable characteristics; easily maintenance 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 characteristics such 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 to chemicals, 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.
Key Competitors Covered in the Report
Beaulieu International Group
Der International Flooring Co. Ltd.
Home Legend LLC
Kaindl Flooring GmbH
Mannington Mills Inc.
Mohawk Industries Inc.
Robina Flooring Sdn Bhd
Shaw Industries Inc.
SWISS KRONO Group
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 722. Among this pool, 144 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 29 unique participations, a total of 13 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.