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Europe Decorative Laminates Market Size (2024 - 2029)

The European decorative laminates market is experiencing a recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic. The market's expansion is primarily driven by increased residential construction and furniture consumption, although the presence of substitutes like Veneer poses a challenge. Opportunities in the electric vehicle segment are expected to further enhance the market's growth potential. Germany holds the largest share in the market, attributed to its significant furniture sector consumption.

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Market Size of Europe Decorative Laminates Industry

Europe Decorative Laminates Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 2.00 %
Market Concentration Low

Major Players

Europe Decorative Laminates Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Decorative Laminates Market Analysis

The European decorative laminates market is estimated to reach USD 1.16 billion by the end of this year, and it is projected to reach USD 1.32 billion in the next five years, registering a CAGR of 2% during the forecast period.

The COVID-19 pandemic affected several industries negatively. The lockdowns in most European countries caused disruptions in furniture production, as well as construction activities, and restrictions in freight transportation disturbed the supply chain. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

  • Over the short term, the growth in residential construction and the increasing consumption of furniture are major factors driving the growth of the market studied.
  • However, the availability of substitutes, such as Veneer, is likely to restrain the growth of the market studied.
  • Nevertheless, growing opportunities in the EV segment are likely to create lucrative growth opportunities in the global market.
  • Germany represents the largest market over the forecast period due to the increasing consumption in the furniture sector.

Europe Decorative Laminates Industry Segmentation

Decorative laminates are predominantly used as furniture surface materials or wall paneling. They are primarily known for their aesthetic appeal and are available in various textures, patterns, colors, and finishes. Due to their decorative and protective properties, they are often used for furniture designs such as shelves, cabinets, doors, and office cubicles.

The European decorative laminates market is segmented by raw material, application, end-user industry, and geography. By raw material, the market is segmented into plastic resin, overlays, adhesives, and wood substrates. By application type, the market is segmented into furniture, cabinets, flooring, wall panels, and other applications (table tops and countertops). By end-user industry, the market is segmented into residential, non-residential, and transportation. The report also covers the market size and forecasts for the European decorative laminates market in four countries across the European region.

For each segment, the market sizing and forecasts have been done on the basis of value (USD).

By Raw Material
Plastic Resin
Overlays
Adhesives
Wood Substrate
By Application
Furniture
Cabinets
Flooring
Wall Panels
Other Applications (Table Tops and Counter Tops)
By End-user Industry
Residential
Non-residential
Transportation
By Geography
Germany
United Kingdom
Italy
France
Rest of Europe
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Europe Decorative Laminates Market Size Summary

The European decorative laminates market is poised for steady growth, driven by the resurgence of residential construction and increased furniture consumption. The market experienced disruptions due to the COVID-19 pandemic, which affected furniture production and construction activities, but has since rebounded. Germany stands out as the largest market, fueled by its robust furniture sector. The European Union's dominance in the high-end furniture market, with significant contributions from countries like the United Kingdom, Italy, Spain, and Poland, further supports the demand for decorative laminates. However, the availability of substitutes such as veneer poses a challenge to market expansion. Despite this, emerging opportunities in the electric vehicle segment present potential growth avenues.

The woodworking and furniture industry is a vital component of the German economy, with substantial revenue contributions and a strong export market. The sector's growth is supported by high consumer purchasing power and innovation among manufacturers. While the construction industry faces challenges, particularly in residential projects, the demand for decorative laminates is expected to be sustained by the thriving furniture market. The European decorative laminates market is characterized by a partially fragmented landscape, with key players including Formica Group, FunderMax GmbH, Swiss Krono, Omnova Solutions, and Wilsonart International. Recent strategic moves, such as Kronospan's separation of its Russian business activities and SURTECO's acquisition of Omnova Solutions, highlight ongoing industry dynamics.

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Europe Decorative Laminates Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Residential Construction Sector

      2. 1.1.2 Increased Consumption of Furniture

      3. 1.1.3 Low Cost of Installation and Maintenance

    2. 1.2 Restraints

      1. 1.2.1 Availability of Substitutes

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Raw Material

      1. 2.1.1 Plastic Resin

      2. 2.1.2 Overlays

      3. 2.1.3 Adhesives

      4. 2.1.4 Wood Substrate

    2. 2.2 By Application

      1. 2.2.1 Furniture

      2. 2.2.2 Cabinets

      3. 2.2.3 Flooring

      4. 2.2.4 Wall Panels

      5. 2.2.5 Other Applications (Table Tops and Counter Tops)

    3. 2.3 By End-user Industry

      1. 2.3.1 Residential

      2. 2.3.2 Non-residential

      3. 2.3.3 Transportation

    4. 2.4 By Geography

      1. 2.4.1 Germany

      2. 2.4.2 United Kingdom

      3. 2.4.3 Italy

      4. 2.4.4 France

      5. 2.4.5 Rest of Europe

Europe Decorative Laminates Market Size FAQs

The Europe Decorative Laminates Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

Formica Group, FunderMax GmbH, Swiss Krono, Omnova Solutions and Wilsonart International are the major companies operating in the Europe Decorative Laminates Market.

Europe Decorative Laminates Market Report Snapshots

Europe Decorative Laminates Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)