PUBLISHER: Value Market Research | PRODUCT CODE: 1288912
PUBLISHER: Value Market Research | PRODUCT CODE: 1288912
As per this study the Global High Pressure Laminate Market was valued at USD 7718.69 MN (by revenue) in 2022 and is anticipated to reach USD 12697.42 MN by 2030 with a CAGR of 6.32%.
High-pressure laminate is a type of decorative laminates which is produced on which impregnating Kraft paper with melamine resins under a high pressure ranging between 1,200 to 2,000 lbs per square inch. After that, the resulting laminate is covered with layers of decorative paper. This high-pressure laminate has excellent properties versatility, durability, scratch resistant, and easy to maintain. Owing to their durability and other superior quality they have been adopted across various residential, commercial, and industrial application.
Demand for high-pressure laminate is basically growing on the account of rising application across cabinets and ready-to-assemble furniture and flooring. Rising demand from interior design industry where it is highly preferred owing to its pattern and texture. Further, growing production of the innovative product and eco-friendly product by the manufacturer is likely to offer immense growth to the market. On the flip side, availability of low-cost substitute product can act as a restraint to some extent.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of high pressure laminated.
The broad high pressure laminate market has been sub-grouped into surface, application, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
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Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.