What is Plastic Resins Decorative Laminate Market?
Plastic resins decorative laminate is a durable flat sheeting material used in home and industrial furnishings. Plastic resins decorative laminate is commonly used to surface kitchen counters, tabletops, and cabinetry because of its resistance to stains, scratches, and heat. It can be made in different grades or thicknesses, depending on its intended use. There may be from 7-18 layers of paper combined into the final sheet. The bottom layers are kraft paper.
The market study is being classified by Type (High-Pressure Laminate and Low-Pressure Laminate), by Application (General Purpose, Postforming, Special Products and Backer) and major geographies with country level break-up.
Formica Corporation (United States), DuPont (United States), Synthomer plc (United Kingdom), Greenlam Industries Limited (India), Merino Group (India), Wilsonart International Inc. (United States), Abet Laminati S.p.A. (Italy), Archidply Industries Limited (India), FunderMax Gmbh (Austria), Panolam Industries International, Inc. (United States) and Stylam Industries Limited (India) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are Synthomer plc, Fletcher Building Limited, Greenlam Industries Limited, and Merino Group. Research Analyst at AMA predicts that Asian and United States Vendors will contribute to the maximum growth of Global Plastic Resins Decorative Laminate market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Plastic Resins Decorative Laminate market by Type, Application and Region.
On the basis of geography, the market of Plastic Resins Decorative Laminate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand from End-Use Verticals for Various Application
- Rising Inclination of Consumers Towards Modern LifeStyle
- Evolution of Nanotechnology in Plastic Resins Decorative Laminate Production
- Impact of Plastic Polymer Chemical on the Environment
- Stringent Regulatory Guidelines About the Plastic Resins
- Rising Demand from the Asia Pacific Region
- The Inability of Plastic Resins to Withstand Very High Temperature
On 2nd April 2020, Synthomer has announced that it has completed its acquisition of OMNOVA Solutions Inc., the transaction creates a global specialty chemicals company with significant scale and a strong platform from which to invest in future growth. The acquisition materially strengthens Synthomer's presence in North America, as well as increases its presence in Europe and Asia, including further penetration into the high-growth Chinese market.
Key Target AudiencePlastic Resins Decorative Laminate Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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