CLEVELAND, Aug. 28, 2018 /PRNewswire/ — Demand for low-pressure laminates is forecast to reach 10.3 billion square feet in 2022 on annual gains of 2.4%. Thermoplastic films are expected to post the fastest gains of all low-pressure laminate types due in part to their performance advantages, such as:
- ease of cleaning
- enhanced design flexibility via the ability to wrap these laminates around irregular and curved surfaces
Although saturated papers are expected to grow at a more modest pace than thermoplastic films, saturated papers will account for the largest share of new low-pressure laminate demand through 2022, due in part to their ability to exhibit desired aesthetics, such as a high gloss and realistic wood grain appearance, all at a relatively moderate cost. These and other trends are presented in Decorative Laminates Market in the US, 10th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/decorative-laminates-3662.htm
Demand for all types of decorative laminates is forecast to rise 2.3% per annum to 12.0 billion square feet in 2022, valued at $7.3 billion. Most decorative laminate markets are mature, and sales growth will be restrained by intense competition from other products and surface materials such as acrylic veneers, luxury vinyl tiles, and natural and engineered stone.
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About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
SOURCE The Freedonia Group
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