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United States Decorative Laminates Market Size (2024 - 2029)

The United States 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 higher furniture consumption. Despite challenges posed by substitute materials like Veneer, the market is poised for growth, with the development of aircraft laminates presenting promising opportunities.

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Market Size of United States Decorative Laminates Industry

United States 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

United States Decorative Laminates Market Major Players

*Disclaimer: Major Players sorted in no particular order

United States Decorative Laminates Market Analysis

The United States Decorative Laminates Market is estimated to reach USD 880 million by the end of this year and is projected to reach USD 992 million in the next five years, registering a CAGR of 2% during the forecast period.

  • The COVID-19 pandemic has affected several industries negatively. The lockdown in the United 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 increasing consumption of furniture are major factors driving the growth of the market studied.
  • However, the availability of substitutes like Veneer is likely to restrain the growth of the studied market.
  • Nevertheless, development of aircraft laminates is likely create lucrative growth opportunities for the global market.

United States 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 availability 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.

United States 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 counter tops). By end-user industry, the market is segmented into residential, non-residential, and transportation.

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

Raw Material
Plastic Resin
Overlays
Adhesives
Wood Substrate
Application
Furniture
Cabinets
Flooring
Wall Panels
Other Applications (Table Tops and Counter Tops)
End-User Industry
Residential
Non-residential
Transportation
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United States Decorative Laminates Market Size Summary

The United States Decorative Laminates Market is experiencing a steady growth trajectory, driven by the resurgence of the furniture and construction industries post-pandemic. The market is characterized by its application in flooring, wall panels, and furniture, with both residential and non-residential construction sectors contributing significantly to its demand. The recovery from COVID-19 disruptions has been bolstered by increased residential construction and a rise in furniture consumption, although the availability of substitutes like Veneer poses a challenge. The development of aircraft laminates presents new opportunities for market expansion, indicating a dynamic landscape for decorative laminates in the coming years.

The furniture industry in the United States is well-established and has shown robust growth, supported by a rising immigrant population and increased demand for home furnishings. Companies are expanding operations to meet this demand, with significant investments and strategic acquisitions enhancing supply chain capabilities. The non-residential construction sector, with major projects like Fontainebleau in Las Vegas and Amazon HQ2, further fuels the demand for decorative laminates. The market is partially fragmented, with key players such as Omnova Solutions, Mohawk Industries Inc., and Wilsonart International leading the charge. These developments underscore the market's potential for continued growth and innovation.

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United States Decorative Laminates Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the 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 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 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 End-User Industry

      1. 2.3.1 Residential

      2. 2.3.2 Non-residential

      3. 2.3.3 Transportation

United States Decorative Laminates Market Size FAQs

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

LL Flooring, Inc., Merino Laminates Ltd., Mohawk Industries, Inc, Wilsonart International and OMNOVA Solutions, Inc. are the major companies operating in the United States Decorative Laminates Market.

United States Decorative Laminates Market Report Snapshots

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