Navi Mumbai, Maharashtra India (PressExposure) July 09, 2007 -- Bharat Book Bureau, a leading market information distributor has put forth a report 'Decorative Laminates forecasts for 2011 & 2016' ([http://www.bharatbook.com/detail.asp?id=46972]) Gains will be sparked by increased demand from the flooring industry. Through 2011, the market for laminate flooring is projected to advance 9.6 percent per annum to 1.5 billion square feet. Increases in demand will continue to be supported by laminate flooringâs low cost, ease of installation and low maintenance requirements.
Manufacturers have developed a wider variety of styles of textures that more closely resemble natural wood, improved the productâs moisture resistance and durability, and created tongue-and-groove systems that facilitate installation. Of crucial importance for laminate demand, the domestic manufacturing base for laminate flooring will continue to grow, reducing the share of imported flooring in the market.
Other gains for decorative laminates will be driven by strong activity in nonresidential construction, which will benefit demand for laminate store fixtures and wall panels. For store fixtures, advances will stem from the price, performance and style advantages of laminate materials, as well as ongoing strength in retail sales activity. The development of more stylish and more realistic designs is a key element in the growth of laminate demand in store fixtures.
Decorative laminate fixtures can be designed to meet specific design requirements, such as high-gloss and metallic surfaces, while offering retailers scratch resistance and ease of maintenance.
Manufacturers of laminates will continue to offer a wide range of product styles and textures, especially those that resemble natural materials. Laminates need to continue to offer customers cost or design advantages over other materials, particularly natural wood and solid surfacing materials. In countertop applications, for example, materials such as granite, engineered quartz, and solid surfacing materials provide strong competition to laminates.
Cabinet market to benefit from home renovations
Cabinets will use over 4.4 billion square feet of decorative laminates in 2011, despite below-average growth. Homeownersâ desires to renovate their kitchens and bathrooms will remain the primary growth driver for the market, as consumers will continue to use laminates due to their ease of maintenance and relative low cost. Further advances will be restrained by a slowdown in the new residential construction.
Low-pressure laminates to remain dominant
Laminates made from low-pressure overlays,including low-basis weight papers, saturated papers, decorative foils and vinyl films, are forecast to comprise about 80 percent of decorative laminate sales volume in 2011. Demand will be driven by greater use of saturated papers in the high-growth flooring market and better printing technologies that create laminates with more realistic woodgrain. High-pressure laminates are expected to post above average growth through 2011. These laminates will continue to be desired because of their durability and resistance to impacts and marring. Highpressure laminates will be used in the production of flooring, countertops, fixtures and other items with horizontal surfaces. However, some low- ressure laminates, such as decorative foils and saturated papers, will be increasingly competitive with high-pressure laminates.
Decorative Laminates, a new industry study, is available for $4400. It presents historical demand data for the years 1996, 2001 and 2006 plus forecasts for 2011 and 2016 by product, market, raw material and process. The study also considers market environment factors, evaluates company market shares and profiles leading US industry competitors.