05-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “High-Pressure Laminate (HPL) Market By Type (General Purpose Type, Postforming Type, Backer Type, Others) and By Application (Commercial, Residencial, Industry): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global High-Pressure Laminate (HPL) market in 2019 was over USD 6,000 million. The market is expected to grow more than a CAGR of 6% and is anticipated to reach around USD 9,000 million by 2026.
High-pressure laminate (HPL) consists of kraft resin impregnated paper, decorative facial paper stock, and a transparent melamine impregnated overlay. These sheets are bonded to pressures exceeding 1000 pounds per square inch and temperatures close to 300 F (149 ° C). To choose from, HPL is available in hundreds of solid colors, wood grains, and abstracts with multiple finishes. Decorative laminates are laminated products that are primarily used as surface materials for furniture or wall paneling. It can be manufactured as either high- or low-pressure laminate, with not much difference between the two processes except the pressure applied during the pressing process.
Browse the full “High-Pressure Laminate (HPL) Market By Type (General Purpose Type, Postforming Type, Backer Type, Others) and By Application (Commercial, Residencial, Industry): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/high-pressure-laminate-hpl-market-high-pressure-laminate-650
Global economic growth is rising at a faster rate especially in developing regions. The increasing disposable income, constant economic growth, rising standards of living and increased demand for housing in urban areas are some of the key growth drivers of the HPL market. Increasing disposable income allows the customer to spend more on furniture, home accessories, and furnishings among which decorative laminates play a key role, which will further help to have a great impact on the high-pressure laminate market over the coming years. High-pressure laminates come with characteristics such as versatility, durability, and scratch-resistant. Additionally, it is easy to maintain. The High-pressure laminates offersupreme qualities and durability. Due to its quality and durability, it is used in a wide variety of applications such as commercial, residential, and industrial. The growing use of HPL in residential and commercial sectors and in the manufacturing of wood panels, tabletop, flooring, countertop, etc. is anticipated to boost the market. Additionally, HPL comes in a wide variety of thickness range, color, patterns depending upon the requirement is further expected to drive the market. Initially, for the production of HPL, it needs huge investment and a high amount of raw material. Furthermore, New entrants with capital but no technological advantage and downstream help should not enter the field of high-pressure laminates. These parameters may restraints market growth. However, the growing demand for kraft paper especially in the packaging industry and technological advancements in HPL is expected to offer lucrative opportunities in the market. Growing urbanization and industrialization across the globe is expected to drive the demand for high-pressure laminates over the forthcoming years.
By type segment, the market is divided into general-purpose type, post-forming type, backer type, others. Among these, the general-purpose type headed the market with more than USD 2,000 million, in 2019 and it is expected to grow in forthcoming years owing to its use in general furniture.
By application segment, the market is classified into commercial, residential and industry. In this, the commercial segment dominated the global market with a share of more than 50%, in 2019 and it is anticipated to grow attributed to increasing demands in the commercial sector.
By region-wise, the Asia-Pacific region dominated the market with more than USD 2,000 million, in 2019 owing to increasing investment in the emerging countries of this region and increasing spending on house interior.
The major key players operating in the market are Fletcher Building, Wilsonart, ATI Laminates, EGGER, Kronospan, Trespa International, PFLEIDERER, Panolam Industries, Abet Laminati, OMNOVA Solutions, SonaeIndústria, ArpaIndustriale, LAMITECH, FORMILINE, Zhenghang, Hopewell, Guangzhou G&P, Merino, Dura Tuff, Greenlam, Violam, AOGAO, Crown, Gentas, Polyrey, Resopal and others.
This report segments the High-Pressure Laminate (HPL)market as follows:
Global High-Pressure Laminate (HPL) Market: By Type Segmentation Analysis
- General Purpose Type
- Postforming Type
- Backer Type
Global High-Pressure Laminate (HPL)Market: By Application Segmentation Analysis
Global High-Pressure Laminate (HPL) Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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