India Decorative Laminates Market Size, Growth Drivers, Top Manufacturers, Business Opportunities and Industry Overview 2023-2028 | IMARC Group

According to IMARC Group’s latest report, titled "India Decorative Laminates Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", the India decorative laminates market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

Year Considered to Estimate the Market Size:

  • Base Year of the Analysis: 2022
  • Historical Period: 2017-2022
  • Forecast Period: 2023-2028

Decorative laminates are durable, scratch-resistant, and visually appealing materials made by layering paper or fabric with a melamine resin and bonding it to a substrate. They are widely used in furniture, wall panels, and flooring. Decorative laminates offer various advantages, such as being environmentally friendly, cost-effective, easy to install, and having a longer lifespan. They are also easy to maintain and clean, making them ideal for high-traffic areas. In addition to this, decorative laminates are more affordable and versatile for interior designs than other materials, such as wood or stone, as they can replicate the look of natural materials while providing superior durability. Currently, they are available in high-pressure laminates (HPL) and low-pressure laminates (LPL) variants.

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Market Trends:

The decorative laminates market in India is witnessing substantial growth, owing to evolving consumer living standards and the increasing per capita expenditure on home decor. This is further supported by the growing inclination towards aesthetically appealing designs in home interiors and corporate office spaces. Furthermore, the surging demand for ready-to-assemble (RTA) flooring, furniture, and cabinets and the availability of the laminate in various designs, colors, and textures are fueling the market growth. Besides this, the escalating product demand in gymnasiums, convention centers, indoor sports clubs, and auditoriums and rising refurbishment and remodeling activities in residential and commercial sectors are creating a positive outlook for the market in the country.



Key Market Segmentation:

The report has segmented the India decorative laminates market based on product type, application, end use, texture, pricing, sector and region.

Breakup by Product Type:

  • High Pressure Laminates
  • Low Pressure Laminates

Breakup by Application:

  • Furniture and Cabinets
  • Flooring
  • Wall Panels
  • Others

Breakup by End Use:

  • Non-Residential
  • Residential
  • Transportation

Breakup by Texture:

  • Matte/Suede
  • Glossy

Breakup by Pricing:

  • Mass
  • Premium

Breakup by Sector:

  • Organised
  • Unorganised

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Competitive Landscape With Key Players:

The competitive landscape of the India decorative laminates market has been studied in the report with the detailed profiles of the key players operating in the market.

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 https://www.imarcgroup.com/request?type=report&id=3597&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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