Compact Laminate Market - Global Industry Trends Size and Forecast to 2028
The compact laminate market was valued at US$ 3,619.18 million in 2020 and is projected to reach US$ 4,286.13 million by 2028; it is expected to grow at a CAGR of 3.9% from 2021 to 2028.
Compact Laminate is a material which is used for interior design, wall cladding, restroom partitions, and various other applications. Compact laminate is made up of kraft paper which is impregnated with phenolic resin as well as with decorative surface paper, which is impregnated with melamine resin. After drying the layers, they are stacked and sandwiched between laminate before being compressed at high temperature. The high temperature activates the resins and permanently fuses the layer into a panel. The appearance of the compact laminate depends upon the decorative surface paper whereas the core of kraft paper provides a distinctive edge to the compact laminate.
In 2020, Asia Pacific was dominating as well as the fastest growing region for compact laminate market over the forecast period. This region is the centre for major manufacturers of compact laminate such as Aica Kogyo Co. Ltd, Greenlam Industries Ltd, Merino Laminates Ltd. among others which is going to provide various growth opportunities for the compact laminate market in Asia Pacific. The increase in demand of compact laminates for countertops that can be used in the kitchen as well as in the bathrooms are driving the growth of compact laminate market in Asia Pacific. Along with this, an increase in FDI and the penetration of international brands has led to an increase construction of commercial spaces in countries such as India, which has provided growth opportunities for the compact laminate to be used in various commercial space construction activities. The increase in disposable income along with rapid urbanization in the region is driving the compact laminate market in Asia Pacific. The consumer preference toward interior design and home décor has led to the increase demand for compact laminates which is providing various lucrative opportunities for the compact laminate market in Asia Pacific.
The ongoing pandemic has drastically altered the status of the chemical and materials sector and negatively impacted the growth of the compact laminates market. The implementation of measures to combat the spread of the virus has aggravated the situation and affected the growth of several industrial sectors. The market has been negatively impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. Disruptions in terms of sourcing of raw materials from suppliers and temporarily closures of manufacturing bases due to indefinite lockdowns and temporary quarantines have impacted the growth of the building and construction industry. As per an article published by land Berger GmbH, in June 2020, the International Monetary Fund (IMF) forecasted a decline in real gross domestic product (GDP) of ~3% worldwide, with current growth rate at 5.9% points lesser to 2.9% growth witnessed in 2019. The article further stated the building and construction activities in the US and Europe have relatively shrunk, negatively impacting the GDP contributed by construction sector. The commercial construction sector is likely to face more disruptions in comparison to residential construction sector during the pandemic period. Similarly, the pandemic has negatively impacted the growth of furniture market due to reduced demand, financial stress, and disruptions to the supply chain. The significant decline in the growth of the several industrial sectors negatively impacted the demand for compact laminates in the global market. Further, as the economies are planning to revive their operations, the demand for compact laminates is expected to rise globally. Additionally, new product development and launches is expected to stimulate the demand for compact laminates in post-pandemic times. For instance, in November 2020, Greenlam Industries Ltd., which is ranked amongst the top 3 laminate manufacturers globally and the largest in Asia, launched revolutionary laminates, which have been proven to be effective against SARS-CoV-2, with 99% efficacy within 30 minutes of exposure to the laminate surface and completely eradicates the virus in 45 minutes. The test for efficacy was conducted by Ministry of Science & technology (Government of India). The expanding demand for compact laminates across residential, commercial, and industrial sectors, along with significant investment by prominent manufacturers, is expected to drive the growth of the compact laminates market.
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Compact Laminate Market: Strategic Insights
Market Size Value in US$ 3,619.18 Million in 2020 Market Size Value by US$ 4,286.13 Million by 2028 Growth rate CAGR of 3.9% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Compact Laminate Market: Strategic Insights
| Market Size Value in | US$ 3,619.18 Million in 2020 |
| Market Size Value by | US$ 4,286.13 Million by 2028 |
| Growth rate | CAGR of 3.9% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Market Insights
Increase Usage of Compact Laminate for Interior Design
Interior design is a combination of art and science to enhance the interior of a building to achieve a healthier and aesthetically pleasing environment. Compact laminates are an ideal choice for interior design as the laminates can bear high stress as well as help maintain hygiene and cleanliness. Cladding is an application that is applied to the interior as well as the exterior walls of a building to showcase a particular design. In interior design of residential and commercial buildings, compact laminates are used for external cladding as these laminates are tougher and durable compared to normal laminates. The compact laminates provide protection against dust and rain. Cladding provides a new as well as an aesthetic look to the building. High-pressure compact laminates have their core made up of resin-impregnated cellulose sheets and are covered on both sides with a decorative melamine resin surface. These are used in creative furniture and interior concepts. Also, manufacturers such as Greenlam are manufacturing compact laminates with the latest style and design sensibilities along with a wide variety of designs. The increasing availability of such compact laminates in the market will increase the demand for these laminates in interior designing and propel the market growth.
Product Insights
Based on product, the compact laminate market is segmented into external wall cladding, internal wall cladding, standard compact, and others. In 2020, internal wall cladding dominated the compact laminate market. Compact laminates are used in interior designs or internal wall cladding as it helps transform the house or the internal walls of the building and provide an aesthetic look. The compact laminates are used to create stylish wall panels with the use of designs, which include high gloss sheets, patterned laminates, and realistic-looking laminate wood. The design element of compact laminates adds warmth and a unique feel to the room. The compact laminates are also used for protecting the internal walls of a building from various kinds of damages such as water, scratch, soiling, graffiti, impact, minor burn markets, and fading along with enhancing the aesthetics of the interior.
A few of the key market players operating in the compact laminate market are AICA Kogyo Co., Ltd.; EGGER Group; Greenlam Industries Ltd.; Wilsonart LLC; Merino Laminates Ltd.; Swiss Krono Group; Trespa International B.V.; Lamitech; Kronoplus Limited; and Royal Crown. Major players in the market are focusing on strategies such as mergers and acquisitions and product launches to expand the geographic presence and consumer base.
Compact Laminate Market Report Scope
Report Spotlights
- Progressive trends in the compact laminate industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global compact laminate market from 2019 to 2028
- Estimation of the demand for compact laminate across various industries
- Porter analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for compact laminate
- Market trends and outlook coupled with factors driving and restraining the growth of the compact laminate market
- Understanding regarding the strategies that underpin commercial interest with regard to global compact laminate market growth, aiding in the decision-making process
- Compact laminate market size at various nodes of market
- Detailed overview and segmentation of the global compact laminate market as well as its industry dynamics
- Compact laminate market size in various regions with promising growth opportunities
Compact Laminate Market, by Product
- External Wall Cladding
- Internal Wall Cladding
- Standard Compact
- Others
Compact Laminate Market, by End-Use
- Residential
- Commercial
- Industrial
Company Profiles
- AICA Kogyo Co., Ltd.
- EGGER Group
- Greenlam Industries Ltd.
- Wilsonart LLC
- Merino Laminates Ltd.
- Swiss Krono Group
- Trespa International B.V.
- Lamitech
- Kronoplus Limited
- Royal Crown
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Commercial segment dominated the compact laminate market in 2020. Compact Laminate has various applications in the commercial sector and one of the major applications is using the compact laminate for restrooms and bathrooms. The compact laminates are an ideal choice for bathroom partitions as they are durable and water-resistant.
In 2020, Asia Pacific was dominating as well as the fastest growing region for compact laminate market over the forecast period. This region is the centre for major manufacturers of compact laminate such as Aica Kogyo Co. Ltd, Greenlam Industries Ltd, Merino Laminates Ltd. among others which is going to provide various growth opportunities for the compact laminate market in Asia Pacific. The increase in demand of compact laminates for countertops that can be used in the kitchen as well as in the bathrooms are driving the growth of compact laminate market in Asia Pacific.
The major players operating in the global compact laminate market are AICA Kogyo Co., Ltd.; EGGER Group; Greenlam Industries Ltd.; Wilsonart LLC; Merino Laminates Ltd.; Swiss Krono Group; Trespa International B.V.; Lamitech; Kronoplus Limited; and Royal Crown among many others.
In 2020, internal wall cladding dominated the compact laminate market. Compact laminates are used in interior designs or internal wall cladding as it helps transform the house or the internal walls of the building and provide an aesthetic look. The compact laminates are used to create stylish wall panels with the use of designs, which include high gloss sheets, patterned laminates, and realistic-looking laminate wood. The design element of compact laminates adds warmth and a unique feel to the room. The compact laminates are also used for protecting the internal walls of a building from various kinds of damages such as water, scratch, soiling, graffiti, impact, minor burn markets, and fading along with enhancing the aesthetics of the interior.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Compact Laminate Market Landscape
4.1 Market Overview
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Compact Laminates Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase Usage of Compact Laminate for Interior Design
5.1.2 Various Applications of Compact Laminate
5.2 Restraints
5.2.1 Fluctuating Prices of Raw Material
5.3 Opportunities
5.3.1 Innovations in Compact Laminate Market
5.4 Future Trends
5.4.1 Increasing Focus on Research & Development
5.5 Impact Analysis of Drivers and Restraint
6. Global Market– Global Analysis
6.1 Global Market Overview
6.2 Compact Laminate Market –Revenue and Forecast To 2028 (US$ Million)
6.3 Market Positioning – Global Compact Laminates Market Players
7. Global Compact Laminate Market Analysis – By Product
7.1 Overview
7.2 Global Compact Laminate Market Breakdown, by Product, 2020 & 2028
7.3 External Wall Cladding
7.3.1 Overview
7.3.2 External Wall Cladding: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Internal Wall Cladding
7.4.1 Overview
7.4.2 Internal Wall Cladding: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Standard Compact
7.5.1 Overview
7.5.2 Standard Compact: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
8. Global Compact Laminate Market Analysis – By Application
8.1 Overview
8.2 Global Compact Laminate Market Breakdown, by Application, 2020 & 2028
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9. Compact Laminate Market – Geographic Analysis
9.1 Overview
9.2 North America: Compact Laminate Market
9.2.1 North America: Compact Laminate Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Compact Laminate Market, By Product
9.2.3 North America: Compact Laminate Market, by Application
9.2.4 North America: Compact Laminate Market, by Key Country
9.2.4.1 US: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Compact Laminate Market, by Product
9.2.4.1.2 US: Compact Laminate Market, by Application
9.2.4.2 Canada: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Compact Laminate Market, by Product
9.2.4.2.2 Canada: Compact Laminate Market, by Application
9.2.4.3 Mexico: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Compact Laminate Market, by Product
9.2.4.3.2 Mexico: Compact Laminate Market, by Application
9.3 Europe: Compact Laminate Market
9.3.1 Europe: Compact Laminate Market –Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Compact Laminate Market, By Product
9.3.3 Europe: Compact Laminate Market, by Application
9.3.4 Europe: Compact Laminate Market, by Key Country
9.3.4.1 Germany: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Compact Laminate Market, By Product
9.3.4.1.2 Germany: Compact Laminate Market, by Application
9.3.4.2 France: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Compact Laminate Market, By Product
9.3.4.2.2 France: Compact Laminate Market, by Application
9.3.4.3 Italy: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Compact Laminate Market, By Product
9.3.4.3.2 Italy: Compact Laminate Market, by Application
9.3.4.4 UK: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Compact Laminate Market, By Product
9.3.4.4.2 UK: Compact Laminate Market, by Application
9.3.4.5 Russia: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Compact Laminate Market, By Product
9.3.4.5.2 Russia: Compact Laminate Market, by Application
9.3.4.6 Rest of Europe: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Compact Laminate Market, By Product
9.3.4.6.2 Rest of Europe: Compact Laminate Market, by Application
9.4 Asia Pacific: Compact Laminate Market
9.4.1 Asia Pacific: Compact Laminate Market –Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Compact Laminate Market, By Product
9.4.3 Asia Pacific: Compact Laminate Market, by Application
9.4.4 Asia Pacific: Compact Laminate Market, by Key Country
9.4.4.1 Australia: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Compact Laminate Market, By Product
9.4.4.1.2 Australia: Compact Laminate Market, by Application
9.4.4.2 China: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Compact Laminate Market, By Product
9.4.4.2.2 China: Compact Laminate Market, by Application
9.4.4.3 India: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Compact Laminate Market, By Product
9.4.4.3.2 India: Compact Laminate Market, by Application
9.4.4.4 Japan: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Compact Laminate Market, By Product
9.4.4.4.2 Japan: Compact Laminate Market, by Application
9.4.4.5 South Korea: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Compact Laminate Market, By Product
9.4.4.5.2 South Korea: Compact Laminate Market, by Application
9.4.4.6 Rest of Asia Pacific: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Compact Laminate Market, By Product
9.4.4.6.2 Rest of Asia Pacific: Compact Laminate Market, by Application
9.5 Middle East and Africa: Compact Laminate Market
9.5.1 Middle East and Africa: Compact Laminate Market –Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Compact Laminate Market, By Product
9.5.3 Middle East and Africa: Compact Laminate Market, by Application
9.5.4 Middle East and Africa: Compact Laminate Market, by Key Country
9.5.4.1 South Africa: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Compact Laminate Market, by Product
9.5.4.1.2 South Africa: Compact Laminate Market, by Application
9.5.4.2 Saudi Arabia: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Compact Laminate Market, by Product
9.5.4.2.2 Saudi Arabia: Compact Laminate Market, by Application
9.5.4.3 UAE: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Compact Laminate Market, by Product
9.5.4.3.2 UAE: Compact Laminate Market, by Application
9.5.4.4 Rest of Middle East and Africa: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of Middle East and Africa: Compact Laminate Market, by Product
9.5.4.4.2 Rest of Middle East and Africa: Compact Laminate Market, by Application
9.6 South America: Compact Laminate Market
9.6.1 South America: Compact Laminate Market –Revenue and Forecast to 2028 (US$ Million)
9.6.2 South America: Compact Laminate Market, By Product
9.6.3 South America: Compact Laminate Market, by Application
9.6.4 South America: Compact Laminate Market, by Key Country
9.6.4.1 Brazil: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Compact Laminate Market, by Product
9.6.4.1.2 Brazil: Compact Laminate Market, by Application
9.6.4.2 Argentina: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Compact Laminate Market, by Product
9.6.4.2.2 Argentina: Compact Laminate Market, by Application
9.6.4.3 Rest of South and Central America: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Compact Laminate Market, by Product
9.6.4.3.2 Rest of South and Central America: Compact Laminate Market, by Application
10. Overview – Impact of COVID-19
10.1 List of Top 10 Economies Affected by COVID-19 Pandemic
10.2 Impact of COVID-19 on Compact Laminates Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.7 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Product Launch
11.2 Merger & Acquisition
11.3 Business Expansion
12. Company Profiles
12.1 Aica Kogyo Co. Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 EGGER Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Greenlam Industries Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Swiss Krono Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Trespa International B.V.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Lamitech
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kronoplus Limited
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Merino Laminates Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Royal Crown
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Wilsonart LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Compact Laminate Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. North America Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 3. North America Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. US Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 5. US Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Europe: Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Compact Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany Compact Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. France Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Compact Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Compact Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK Compact Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia Compact Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Compact Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Asia Pacific: Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 25. Asia Pacific: Compact Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia: Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia: Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. China: Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 29. China: Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 30. India Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 31. India Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan: Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea: Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Asia Pacific: Compact Laminate Market, By Product – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Asia Pacific: Laminate Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Middle East and Africa: Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 39. Middle East and Africa: Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 40. South Africa Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 41. South Africa Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 42. Saudi Arabia Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 43. Saudi Arabia Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 44. UAE Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 45. UAE Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 46. Rest of Middle East and Africa Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 47. Rest of Middle East and Africa Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 48. South America: Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 49. South America: Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 50. Brazil Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 51. Brazil Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 52. Argentina Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 53. Argentina Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of South and Central America Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 55. Rest of South and Central America Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 56. Glossary of Terms, Compact Laminate Market
LIST OF FIGURES
Figure 1. Global Compact Laminate Market Segmentation
Figure 2. Global Compact Laminate Market Segmentation – By Geography
Figure 3. Global Compact Laminate Market Overview
Figure 4. Internal Wall Cladding Segment Held Largest Share of Global Compact Laminate Market
Figure 5. Asia Pacific Region Held Largest Share of Global Compact Laminate Market
Figure 6. Global Compact Laminate Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis
Figure 8. Compact Laminate Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. Global Compact Laminate Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Global Compact Laminate Market
Figure 12. Global: Compact Laminate Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Global Compact Laminate Market Breakdown, by Product, 2020 & 2028
Figure 14. External Wall Cladding: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Internal Wall Cladding: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Standard Compact: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Global Compact Laminate Market Breakdown, by Application, 2020 & 2028
Figure 19. Residential: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Industrial: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Global Compact Laminate Market Revenue Share, by Region (2020 and 2028)
Figure 23. North America: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Compact Laminate Market Revenue Share, by Product (2020 and 2028)
Figure 25. North America: Compact Laminate Market Revenue Share, by Application (2020 and 2028)
Figure 26. North America: Compact Laminate Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Compact Laminate Market Revenue Share, By Product (2020 and 2028)
Figure 32. Europe: Compact Laminate Market Revenue Share, by Application (2020 and 2028)
Figure 33. Europe: Compact Laminate Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. Germany: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. France: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Italy: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. UK: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Russia: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of Europe: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Asia Pacific: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Asia Pacific: Compact Laminate Market Revenue Share, By Product (2020 and 2028)
Figure 42. Asia Pacific: Compact Laminate Market Revenue Share, by Application (2020 and 2028)
Figure 43. Asia Pacific: Compact Laminate Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. Australia: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. China: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. India: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Japan: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. South Korea: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Asia Pacific: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Middle East and Africa: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Middle East and Africa: Compact Laminate Market Revenue Share, by Product (2020 and 2028)
Figure 52. Middle East and Africa: Compact Laminate Market Revenue Share, by Application (2020 and 2028)
Figure 53. Middle East and Africa: Compact Laminate Market Revenue Share, by Key Country (2020 and 2028)
Figure 54. South Africa: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Saudi Arabia: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. UAE: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Rest of Middle East and Africa: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. South America: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. South America: Compact Laminate Market Revenue Share, by Product (2020 and 2028)
Figure 60. South America: Compact Laminate Market Revenue Share, by Application (2020 and 2028)
Figure 61. South America: Compact Laminate Market Revenue Share, by Key Country (2020 and 2028)
Figure 62. Brazil: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Argentina: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Rest of South and Central America: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Impact of COVID-19 Pandemic in North America
Figure 66. Impact of COVID-19 Pandemic in Europe
Figure 67. Impact of COVID-19 Pandemic in Asia Pacific
Figure 68. Impact of COVID-19 Pandemic in Middle East & Africa
Figure 69. Impact of COVID-19 Pandemic in South and Central America
The List of Companies - Compact Laminate Market
- AICA Kogyo Co., Ltd.
- EGGER Group
- Greenlam Industries Ltd.
- Swiss Krono Group
- Trespa International B.V.
- Lamitech
- Kronoplus Limited
- Merino Laminates Ltd.
- Royal Crown
- Wilsonart LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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