Decorative Laminates Market Dynamics - 2021 to 2031
The Decorative Laminates Market is expected to register a CAGR of 4.0% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The decorative laminates market is segmented into product type, application, end use, and geography. Based on product type, the market is segmented into high pressure laminates and low pressure laminates. Based on application, the market is segmented into furniture, flooring, wall panels, cabinets, counters, doors, and others. Based on end use, the market is segmented into residential, commercial, institutional, and industrial. The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Decorative Laminates Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Decorative Laminates Market Segmentation
Product Type- High Pressure Laminates and Low Pressure Laminates
- Furniture
- Flooring
- Wall Panels
- Cabinets
- Counters
- Doors
- Others
- Residential
- Commercial
- Institutional
- Industrial
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Decorative Laminates Market Growth Drivers- Rising Demand for Aesthetic Interior: A large share in the global decorative laminates market is accounted for by rising demand for interior aesthetics. High demand for aesthetically attractive interior environments exists among consumers. Decorative laminates provide an affordable option for the bettering of the appearance of furniture, cabinets, and walls, ensuring that the aesthetical needs of households and businesses are catered to by offering a wide range of colors, patterns, and finishes.
- Growth in the Construction and Furniture Industries: This market finds considerable growth opportunities from the growth of the construction and furniture industries, mainly in developing countries. Here, the demand for residential and commercial spaces is increasing owing to increased urbanization and a growing population, which in turn increases the demand for decorative laminates. Of course, the trend towards modular and prefabricated furniture will surely push the market higher because laminates are a staple in this type of product due to their durability and aesthetic value.
- Better Production Technologies: This has been associated with the creation of decorative laminates with durability and versatility in quality while being fashionable. The techniques of production now tend to be better, sometimes resulting in improved adhesion. Some manufacturers have also gone green as a means of addressing certain reasons for dissatisfaction. Enhanced production techniques have ensured that producers meet the new demands of consumers who are looking for sustainable and durable products.
- Sustainability and Eco-friendly Products: The trend nowadays is going in the direction of sustainability and eco-friendly products in decor laminates since more and more consumers search for laminates that can be claimed to be eco-friendly. Due to this trend, manufacturers are responding to this trend by integrating recycled materials and low VOCs in their product lines. It relates and moves hand-in-glove with globally published initiatives related to sustainable development and globally conscious consumers in terms of environmental issues, hence requiring greener alternatives.
- Customization and Personalization: The demand for personalized interior solutions and the trend of customized decorative laminates has increased. Consumers look for something unique in design to emulate one's own style. This leads manufacturers to present bespoke solutions that enable the customers to choose colors, patterns, or finishes that will align with their precise needs. This increases customer satisfaction and brings along brand loyalty.
- Technological Advancements: Advances in digital printing technologies are changing the face of the decorative laminates market. New technologies can help in printing designs of intricate designs and images with high resolution, thereby allowing for more creative options in design. Such an aspect would allow manufacturers to produce fewer batches with unique designs, focusing on niche markets and consumer preferences. This is especially a boon, considering the fast-growing demand for personalization and customized laminates.
- Rapid Urbanization and Increasing Purchasing Power: The growing urban population combined with the increasing disposable income in emerging economies has made very impressive opportunities for the decorative laminates market. Countries in Asia-Pacific and, Latin America, Africa are experiencing a huge growth in construction and furniture industries, requiring high-quality decorative laminates. Companies may benefit from this trend by building a strong presence in such regions.
- Integration of Smart Technologies: Decor laminates can be used as a new wave of smart homes and buildings that manufacturers can capitalize upon by manufacturing their own innovations in smart features. Laminates could have temperature control sensors or even lighting sensor integration. Manufacturers can club with tech companies in developing smart laminates, thus attracting more of the so-called tech-savvy consumers and appealing to a wider range of consumers.
- Focus on Commercial Applications: As people become increasingly interested in decorative laminates, using them in offices, hotels, and retail establishments, this sector can be fully tapped into by focusing on laminates custom-designed to address the specific needs of commercial clients, such as durability, ease of maintenance, and eye appeal. The potential in this market is huge as well as very lucrative.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Decorative Laminates Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Decorative Laminates Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Sustainability and eco-friendly products is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the decorative laminates market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Abet Laminati S.p.A., Fletcher Building Limited, Merino Group, Greenlam Industries Limited, Omnova Solutions Incorporation, Wilsonart LLC, Formica Corporation, MOHAWK INDUSTRIES, INC., Fundermax GmbH, and Tafisa are some of the players operating in the market.
The major factors driving the decorative laminates market are:
1.Rising Demand for Interior Aesthetics
2. Growth in the Construction and Furniture Industries
The Decorative Laminates Market is estimated to witness a CAGR of 4.0% from 2023 to 2031
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Decorative Laminates Market - By Raw Material
1.3.2 Decorative Laminates Market - By Type
1.3.3 Decorative Laminates Market - By Application
1.3.4 Decorative Laminates Market - By End-Use Sector
1.3.5 Decorative Laminates Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DECORATIVE LAMINATES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DECORATIVE LAMINATES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DECORATIVE LAMINATES MARKET - GLOBAL MARKET ANALYSIS
6.1. DECORATIVE LAMINATES - GLOBAL MARKET OVERVIEW
6.2. DECORATIVE LAMINATES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DECORATIVE LAMINATES MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
7.1. OVERVIEW
7.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. PLASTIC RESIN
7.3.1. Overview
7.3.2. Plastic Resin Market Forecast and Analysis
7.4. OVERLAYS
7.4.1. Overview
7.4.2. Overlays Market Forecast and Analysis
7.5. ADHESIVES
7.5.1. Overview
7.5.2. Adhesives Market Forecast and Analysis
7.6. WOOD SUBSTRATE
7.6.1. Overview
7.6.2. Wood Substrate Market Forecast and Analysis
8. DECORATIVE LAMINATES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. GENERAL PURPOSE
8.3.1. Overview
8.3.2. General Purpose Market Forecast and Analysis
8.4. POSTFORMING
8.4.1. Overview
8.4.2. Postforming Market Forecast and Analysis
8.5. SPECIAL PRODUCTS
8.5.1. Overview
8.5.2. Special Products Market Forecast and Analysis
8.6. BACKER
8.6.1. Overview
8.6.2. Backer Market Forecast and Analysis
9. DECORATIVE LAMINATES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CABINETS
9.3.1. Overview
9.3.2. Cabinets Market Forecast and Analysis
9.4. FURNITURE
9.4.1. Overview
9.4.2. Furniture Market Forecast and Analysis
9.5. FLOORING
9.5.1. Overview
9.5.2. Flooring Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. DECORATIVE LAMINATES MARKET - REVENUE AND FORECASTS TO 2028 - END-USE SECTOR
10.1. OVERVIEW
10.2. END-USE SECTOR MARKET FORECASTS AND ANALYSIS
10.3. RESIDENTIAL
10.3.1. Overview
10.3.2. Residential Market Forecast and Analysis
10.4. NON-RESIDENTIAL
10.4.1. Overview
10.4.2. Non-Residential Market Forecast and Analysis
10.5. TRANSPORTATION
10.5.1. Overview
10.5.2. Transportation Market Forecast and Analysis
11. DECORATIVE LAMINATES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Decorative Laminates Market Overview
11.1.2 North America Decorative Laminates Market Forecasts and Analysis
11.1.3 North America Decorative Laminates Market Forecasts and Analysis - By Raw Material
11.1.4 North America Decorative Laminates Market Forecasts and Analysis - By Type
11.1.5 North America Decorative Laminates Market Forecasts and Analysis - By Application
11.1.6 North America Decorative Laminates Market Forecasts and Analysis - By End-Use Sector
11.1.7 North America Decorative Laminates Market Forecasts and Analysis - By Countries
11.1.7.1 United States Decorative Laminates Market
11.1.7.1.1 United States Decorative Laminates Market by Raw Material
11.1.7.1.2 United States Decorative Laminates Market by Type
11.1.7.1.3 United States Decorative Laminates Market by Application
11.1.7.1.4 United States Decorative Laminates Market by End-Use Sector
11.1.7.2 Canada Decorative Laminates Market
11.1.7.2.1 Canada Decorative Laminates Market by Raw Material
11.1.7.2.2 Canada Decorative Laminates Market by Type
11.1.7.2.3 Canada Decorative Laminates Market by Application
11.1.7.2.4 Canada Decorative Laminates Market by End-Use Sector
11.1.7.3 Mexico Decorative Laminates Market
11.1.7.3.1 Mexico Decorative Laminates Market by Raw Material
11.1.7.3.2 Mexico Decorative Laminates Market by Type
11.1.7.3.3 Mexico Decorative Laminates Market by Application
11.1.7.3.4 Mexico Decorative Laminates Market by End-Use Sector
11.2. EUROPE
11.2.1 Europe Decorative Laminates Market Overview
11.2.2 Europe Decorative Laminates Market Forecasts and Analysis
11.2.3 Europe Decorative Laminates Market Forecasts and Analysis - By Raw Material
11.2.4 Europe Decorative Laminates Market Forecasts and Analysis - By Type
11.2.5 Europe Decorative Laminates Market Forecasts and Analysis - By Application
11.2.6 Europe Decorative Laminates Market Forecasts and Analysis - By End-Use Sector
11.2.7 Europe Decorative Laminates Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Decorative Laminates Market
11.2.7.1.1 Germany Decorative Laminates Market by Raw Material
11.2.7.1.2 Germany Decorative Laminates Market by Type
11.2.7.1.3 Germany Decorative Laminates Market by Application
11.2.7.1.4 Germany Decorative Laminates Market by End-Use Sector
11.2.7.2 France Decorative Laminates Market
11.2.7.2.1 France Decorative Laminates Market by Raw Material
11.2.7.2.2 France Decorative Laminates Market by Type
11.2.7.2.3 France Decorative Laminates Market by Application
11.2.7.2.4 France Decorative Laminates Market by End-Use Sector
11.2.7.3 Italy Decorative Laminates Market
11.2.7.3.1 Italy Decorative Laminates Market by Raw Material
11.2.7.3.2 Italy Decorative Laminates Market by Type
11.2.7.3.3 Italy Decorative Laminates Market by Application
11.2.7.3.4 Italy Decorative Laminates Market by End-Use Sector
11.2.7.4 United Kingdom Decorative Laminates Market
11.2.7.4.1 United Kingdom Decorative Laminates Market by Raw Material
11.2.7.4.2 United Kingdom Decorative Laminates Market by Type
11.2.7.4.3 United Kingdom Decorative Laminates Market by Application
11.2.7.4.4 United Kingdom Decorative Laminates Market by End-Use Sector
11.2.7.5 Russia Decorative Laminates Market
11.2.7.5.1 Russia Decorative Laminates Market by Raw Material
11.2.7.5.2 Russia Decorative Laminates Market by Type
11.2.7.5.3 Russia Decorative Laminates Market by Application
11.2.7.5.4 Russia Decorative Laminates Market by End-Use Sector
11.2.7.6 Rest of Europe Decorative Laminates Market
11.2.7.6.1 Rest of Europe Decorative Laminates Market by Raw Material
11.2.7.6.2 Rest of Europe Decorative Laminates Market by Type
11.2.7.6.3 Rest of Europe Decorative Laminates Market by Application
11.2.7.6.4 Rest of Europe Decorative Laminates Market by End-Use Sector
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Decorative Laminates Market Overview
11.3.2 Asia-Pacific Decorative Laminates Market Forecasts and Analysis
11.3.3 Asia-Pacific Decorative Laminates Market Forecasts and Analysis - By Raw Material
11.3.4 Asia-Pacific Decorative Laminates Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Decorative Laminates Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Decorative Laminates Market Forecasts and Analysis - By End-Use Sector
11.3.7 Asia-Pacific Decorative Laminates Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Decorative Laminates Market
11.3.7.1.1 Australia Decorative Laminates Market by Raw Material
11.3.7.1.2 Australia Decorative Laminates Market by Type
11.3.7.1.3 Australia Decorative Laminates Market by Application
11.3.7.1.4 Australia Decorative Laminates Market by End-Use Sector
11.3.7.2 China Decorative Laminates Market
11.3.7.2.1 China Decorative Laminates Market by Raw Material
11.3.7.2.2 China Decorative Laminates Market by Type
11.3.7.2.3 China Decorative Laminates Market by Application
11.3.7.2.4 China Decorative Laminates Market by End-Use Sector
11.3.7.3 India Decorative Laminates Market
11.3.7.3.1 India Decorative Laminates Market by Raw Material
11.3.7.3.2 India Decorative Laminates Market by Type
11.3.7.3.3 India Decorative Laminates Market by Application
11.3.7.3.4 India Decorative Laminates Market by End-Use Sector
11.3.7.4 Japan Decorative Laminates Market
11.3.7.4.1 Japan Decorative Laminates Market by Raw Material
11.3.7.4.2 Japan Decorative Laminates Market by Type
11.3.7.4.3 Japan Decorative Laminates Market by Application
11.3.7.4.4 Japan Decorative Laminates Market by End-Use Sector
11.3.7.5 South Korea Decorative Laminates Market
11.3.7.5.1 South Korea Decorative Laminates Market by Raw Material
11.3.7.5.2 South Korea Decorative Laminates Market by Type
11.3.7.5.3 South Korea Decorative Laminates Market by Application
11.3.7.5.4 South Korea Decorative Laminates Market by End-Use Sector
11.3.7.6 Rest of Asia-Pacific Decorative Laminates Market
11.3.7.6.1 Rest of Asia-Pacific Decorative Laminates Market by Raw Material
11.3.7.6.2 Rest of Asia-Pacific Decorative Laminates Market by Type
11.3.7.6.3 Rest of Asia-Pacific Decorative Laminates Market by Application
11.3.7.6.4 Rest of Asia-Pacific Decorative Laminates Market by End-Use Sector
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Decorative Laminates Market Overview
11.4.2 Middle East and Africa Decorative Laminates Market Forecasts and Analysis
11.4.3 Middle East and Africa Decorative Laminates Market Forecasts and Analysis - By Raw Material
11.4.4 Middle East and Africa Decorative Laminates Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Decorative Laminates Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Decorative Laminates Market Forecasts and Analysis - By End-Use Sector
11.4.7 Middle East and Africa Decorative Laminates Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Decorative Laminates Market
11.4.7.1.1 South Africa Decorative Laminates Market by Raw Material
11.4.7.1.2 South Africa Decorative Laminates Market by Type
11.4.7.1.3 South Africa Decorative Laminates Market by Application
11.4.7.1.4 South Africa Decorative Laminates Market by End-Use Sector
11.4.7.2 Saudi Arabia Decorative Laminates Market
11.4.7.2.1 Saudi Arabia Decorative Laminates Market by Raw Material
11.4.7.2.2 Saudi Arabia Decorative Laminates Market by Type
11.4.7.2.3 Saudi Arabia Decorative Laminates Market by Application
11.4.7.2.4 Saudi Arabia Decorative Laminates Market by End-Use Sector
11.4.7.3 U.A.E Decorative Laminates Market
11.4.7.3.1 U.A.E Decorative Laminates Market by Raw Material
11.4.7.3.2 U.A.E Decorative Laminates Market by Type
11.4.7.3.3 U.A.E Decorative Laminates Market by Application
11.4.7.3.4 U.A.E Decorative Laminates Market by End-Use Sector
11.4.7.4 Rest of Middle East and Africa Decorative Laminates Market
11.4.7.4.1 Rest of Middle East and Africa Decorative Laminates Market by Raw Material
11.4.7.4.2 Rest of Middle East and Africa Decorative Laminates Market by Type
11.4.7.4.3 Rest of Middle East and Africa Decorative Laminates Market by Application
11.4.7.4.4 Rest of Middle East and Africa Decorative Laminates Market by End-Use Sector
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Decorative Laminates Market Overview
11.5.2 South and Central America Decorative Laminates Market Forecasts and Analysis
11.5.3 South and Central America Decorative Laminates Market Forecasts and Analysis - By Raw Material
11.5.4 South and Central America Decorative Laminates Market Forecasts and Analysis - By Type
11.5.5 South and Central America Decorative Laminates Market Forecasts and Analysis - By Application
11.5.6 South and Central America Decorative Laminates Market Forecasts and Analysis - By End-Use Sector
11.5.7 South and Central America Decorative Laminates Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Decorative Laminates Market
11.5.7.1.1 Brazil Decorative Laminates Market by Raw Material
11.5.7.1.2 Brazil Decorative Laminates Market by Type
11.5.7.1.3 Brazil Decorative Laminates Market by Application
11.5.7.1.4 Brazil Decorative Laminates Market by End-Use Sector
11.5.7.2 Argentina Decorative Laminates Market
11.5.7.2.1 Argentina Decorative Laminates Market by Raw Material
11.5.7.2.2 Argentina Decorative Laminates Market by Type
11.5.7.2.3 Argentina Decorative Laminates Market by Application
11.5.7.2.4 Argentina Decorative Laminates Market by End-Use Sector
11.5.7.3 Rest of South and Central America Decorative Laminates Market
11.5.7.3.1 Rest of South and Central America Decorative Laminates Market by Raw Material
11.5.7.3.2 Rest of South and Central America Decorative Laminates Market by Type
11.5.7.3.3 Rest of South and Central America Decorative Laminates Market by Application
11.5.7.3.4 Rest of South and Central America Decorative Laminates Market by End-Use Sector
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. DECORATIVE LAMINATES MARKET, KEY COMPANY PROFILES
13.1. ABET LAMINATI S.P.A.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ARCHIDPLY INDUSTRIES
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. FUNDERMAX GMBH
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GREENLAM INDUSTRIES LIMITED
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MERINO LAMINATES (MERINO GROUP)
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. OMNOVA SOLUTIONS INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. PANOLAM INDUSTRIES INTERNATIONAL, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ROSEBURG FOREST PRODUCTS CO.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. STYLAM INDUSTRIES LTD.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WILSONART LLC
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
- Abet Laminati S.p.A.
- Archidply Industries
- FunderMax GmbH
- Greenlam Industries Limited
- Merino Laminates (Merino Group)
- OMNOVA Solutions Inc.
- Panolam Industries International, Inc.
- Roseburg Forest Products Co.
- Stylam Industries Ltd.
- 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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