Global High Pressure Laminate (HPL) Market Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
"The Report High Pressure
Laminate (HPL) Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2017 - 2025 provides information on
pricing, market analysis, shares, forecast, and company profiles for
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High Pressure Laminate (HPL)
Market:
High pressure laminate (HPL) is a
type of decorative laminate which is manufactured by impregnating
kraft paper with the help of melamine resin, with the help of high
pressure. These sheets are bonded on substrates such as particle
board or medium density fiberboard. The most common pressure range
used for manufacturing (HPL) is between 1,200 to 2,000 lbs per square
inch. The resulting laminate is later covered with a layer of
decorative paper. High pressure laminates can be employed in both
horizontal as well as vertical applications.
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High pressure laminates have
various benefits such as durability, versatility, scratch resistant,
and easy to maintain. Due to the durability and supreme qualities
possessed by high pressure laminates, high pressure laminates are
utilized in a wide range of applications such as residential,
commercial, and industrial due to their superior qualities and
durability.
High Pressure Laminate (HPL)
Market: Trends
Demand for high pressure laminates
is expected to rise at a steady pace during the forecast period.
Demand is estimated to increase primarily due to rise in the
utilization of cabinets and ready-to-assemble furniture and
floorings.
In
the interior design industry, HPL is highly preferred due to its
pattern, color, finish, and texture. The designer can optimize high
pressure laminates as per the requirement, which helps to add
aesthetic sense to the interiors. Upcoming social, economic and
design trends across the globe are major factors that are driving the
demand for HPL in the last few years.
Manufacturers of high pressure
laminates can develop new products by innovation or by carrying
required research and development activities. Manufacturing
eco-friendly products is anticipated to present opportunities for
manufacturers, which in turn is likely to provide growth
opportunities for manufacturers to increase their consumer base in
the market.
High Pressure Laminate (HPL)
Market: Region-wise Outlook
Asia
Pacific was a prominent
market for high pressure laminates in 2016. Among the countries in
Asia Pacific, the demand was substantially high in developing
countries such as China and India. These countries have been
witnessing rapid increase in its population along with expansion of
their overall economies, which has led to increase in disposable
income. Increased spending on home interiors is fuelling the high
pressure laminate market in Asia Pacific.
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There are several manufacturers of
high pressure laminates in Europe and North America. In North
America, the demand for high pressure laminates is primarily driven
by the residential sector. Improved standards of living and rising
usage of high pressure laminates for flooring purpose are anticipated
to drive the market in North America.
In Europe, the demand for high
pressure laminate is anticipated to be primarily from the commercial
sector. High pressure laminates are being employed widely for
flooring in commercial complexes, which is estimated be a major
factor that is likely to propelling the consistent expansion of the
high pressure laminate market in the region.
Demand for high pressure laminates
in Middle East & Africa is projected be primarily due to the
utilization of high pressure laminates in the construction industry.
In recent years, there has been exceptional growth in the
construction industry of UAE and Egypt which has driven the market of
high pressure laminates in the region of Middle East & Africa.
High Pressure Laminate (HPL)
Market: Key Players
Key players operating in the high
pressure laminate market include Formica Group, Wilsonart Engineered
Surfaces, Sonae Indústria, Polyrey, and Panel Processing.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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The study is a source of
reliable data on:
Market segments and
sub-segments
Market trends and dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder
analysis
The regional analysis covers:
North America (U.S. and
Canada)
Latin America (Mexico, Brazil,
Peru, Chile, and others)
Western Europe (Germany, U.K.,
France, Spain, Italy, Nordic countries, Belgium, Netherlands, and
Luxembourg)
Eastern Europe (Poland and
Russia)
Asia Pacific (China, India,
Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC,
Southern Africa, and North Africa)
The report has been compiled
through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which
entails reputable paid sources, trade journals, and industry body
databases). The report also features a complete qualitative and
quantitative assessment by analyzing data gathered from industry
analysts and market participants across key points in the industry’s
value chain.
A separate analysis of prevailing
trends in the parent market, macro- and micro-economic indicators,
and regulations and mandates is included under the purview of the
study. By doing so, the report projects the attractiveness of each
major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis,
which includes an assessment of the parent market
Important changes in market
dynamics
Market segmentation up to the
second or third level
Historical, current, and
projected size of the market from the standpoint of both value and
volume
Reporting and evaluation of
recent industry developments
Market shares and strategies
of key players
Emerging niche segments and
regional markets
An objective assessment of the
trajectory of the market
Recommendations to companies
for strengthening their foothold in the market
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