Wed, 20 Jan 2021

The new report by Expert Market Research titled, 'Global Laminate Flooring Market Size, Share, Price, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global laminate flooring market, assessing the market based on its segments like types, sectors, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/laminate-flooring-market/requestsample

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

The key highlights of the report include:

Market Overview (2015-2025)

  • Historical Market Size (2019): 975.2 million sq. metres
  • Forecast CAGR (2020-2025): 1.8%
  • Forecast Market Size (2025): 1085.4 million sq. metres

The rising demand for aesthetically-pleasing and modern designs is driving the global laminate flooring market due to its versatility and easy installation. It offers a low-cost alternative to substances such as engineered wood, stone, and solid hardwood. The ability to customise prints and designs combined with advancements in print and designing technologies that allow for high-quality visuals is expected to further stimulate growth of the market. This, aided by the increase in construction activities and investments in the real-estate market, is forecast to lead to steady growth of the global laminate flooring market.

Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/laminate-flooring-market

Industry Definition and Major Segments

Laminate flooring refers to a multi-layered, synthetically-produced flooring product. The process of fusing together these multiple layers is known as lamination. Laminated flooring can imitate wooden and stone surfaces by using an applique layer. The innermost layers of laminates are composed of melamine resin and fibreboard.

The types of products available in the market include:

  • HDF Laminates
  • MDF Laminates

By sector, laminate flooring is classified as:

The Asia Pacific region is expected to be the largest market during the forecast period. Other regions include:

1 North America

1.1 United States of America

1.2 Canada

2 Europe

2.1 Germany

2.2 United Kingdom

2.3 France

2.4 Italy

2.5 Others

3 Asia Pacific

3.1 China

3.2 Japan

3.3 India

3.4 ASEAN

3.5 Others

4 Latin America

4.1 Brazil

4.2 Argentina

4.3 Mexico

4.4 Others

5 Middle East & Africa

5.1 Saudi Arabia

5.2 United Arab Emirates

5.3 Nigeria

5.4 South Africa

5.5 Others

Market Trends

Apart from its low costs and easy installation process, laminate flooring is also becoming increasingly popular due to its easy maintenance and hygienic properties. Mohawk Industries, Inc. (NYSE: MHK) is the global leader in flooring manufacturers. The company raised USD 84 million on August 6th, 2020, in market capital, a strong indicator of the bullish view of this market, of which the laminate flooring market is a subsidiary. AFI Licensing LLC (NYSE: AFI), also known as Armstrong Flooring Inc, was granted a trademark from the United States Patent and Trademark Office in 2018 titles as 'NATURAL PERSONALITY' for their new laminate flooring product line. The company also has a patent-pending for increased abrasion resistance in wooden substrates. The continued R&D investments in the laminated flooring industry are expected to drive growth in the global market.

Key Market Players

The major players in the market are Mohawk Industries, Inc. (NYSE: MHK), Tarkett SA (EPA: TKTT), AFI Licensing LLC, Shaw Industries Group, Inc., and Mannington Mills, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Related Reports:

India Vinyl Flooring Market: https://www.expertmarketresearch.com/reports/india-vinyl-flooring-market

Global Vinyl Flooring Market: https://www.expertmarketresearch.com/reports/vinyl-flooring-market

North America Laminate Flooring Market: https://www.expertmarketresearch.com/reports/north-america-laminate-flooring-market

North America Vinyl Flooring Market: https://www.expertmarketresearch.com/reports/north-america-vinyl-flooring-market

Flooring Market: https://www.expertmarketresearch.com/reports/flooring-market

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Media Contact

Company Name: Expert Market Research

Contact Person: Matt Johnson, Corporate Sales Specialist - U.S.A.

Email: sales@expertmarketresearch.com

Toll Free Number: +1 (650) 761-6200 | +44 7441 392205

Address: 30 North Gould Street, Sheridan, WY 82801, USA

City: Sheridan

State: Wyoming

Country: United States

Website: https://www.expertmarketresearch.com

More Indiana News

Access More

Sign up for Indiana State News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!