Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

Laminate Flooring Market 2021, Industry Analysis, Share, Size, Growth and Research Report

Published by IMARC Services Private Limited

Posted on August 31, 2021

Featured image for article about Research Reports

According to the latest report by IMARC Group, titled “Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the global laminate flooring market size reached US$ 27.4 Billion in 2020. Looking forward, the market expects to grow at a CAGR of 5.3% during 2021-2026.

Laminate flooring refers to a durable and versatile flooring solution made of melamine resin and fiberboard materials. It is composed of four layers, namely wear layer, design layer, core layer and back layer, which are fused using intense heat and pressure.

Nowadays, laminate flooring is available in a wide variety of colors and designs, which enhance its aesthetic appeal among users. As it resists staining, scratching, denting and fading, laminate flooring has gained preference as a flooring material over the years.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/laminate-flooring-market/requestsample

Global Laminate Flooring Market Trends:

Laminate flooring offers ease of installation, reduces the requirement for skilled labor and is a relatively inexpensive option as compared to engineered wood, solid hardwood, and stone floor coverings. It can even replicate stone, tiles as well as wood patterns. Besides these advantages, the rising population and improving standards of living have led to a rise in the demand for modern housing, particularly in emerging nations, which has significantly contributed to the growth of the market.

Apart from this, substantial investments in the real estate sector, mounting construction activities, and the escalating demand for wood-based flooring materials have proliferated the growth of the market globally. Moreover, manufacturers are introducing laminate flooring with advanced features, such as custom prints and designs, better wear layers, enhanced locking mechanisms, high-quality visuals and improved chemical resistance.

Competitive Landscape

The competitive landscape of the market has also been examined, with some of the key players being Mohawk Industries Inc., Tarkett S.A., Armstrong World Industries, Inc., Shaw Industries Group, Inc., Mannington Mills, Inc. and Beaulieu International Group.

Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/laminate-flooring-market

Market Summary:

Market Breakup by Key Types:

1. HDF Laminates

2. MDF Laminates

Based on the types, the market has been bifurcated into high density fiberboard (HDF) and medium density fiberboard (MDF) laminates. At present, the MDF laminate is the most popular product type.

On the basis of the sector, the commercial sector dominates the market, holding the largest market share, followed by the residential sector.

Market Breakup by Sector:

1. Residential

2. Commercial

Breakup by Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• Latin America

Region-wise, Asia Pacific accounts for the majority of the market share. Other major regions include North America, Europe, Middle East and Africa, and Latin America.

Visit Our Latest Blog: https://industriesresearchreport.blogspot.com/

Browse related reports:

I-Joist Market Report: https://www.imarcgroup.com/i-joist-market

Australia and New Zealand Cross Laminated Timber (CLT) Market Report: https://www.imarcgroup.com/australia-newzealand-clt-market

Waterborne Wood Coatings Market Report: https://www.imarcgroup.com/waterborne-wood-coatings-market

Stone Flooring Market Report: https://www.imarcgroup.com/stone-flooring-market

Medium-Density Fibreboard (MDF) Market Report: https://www.imarcgroup.com/medium-density-fibreboard-market

Large Format Ceramic Panel Market Report: https://www.imarcgroup.com/large-format-ceramic-panel-market

Wood Adhesives and Binders Market Report: https://www.imarcgroup.com/wood-adhesive-binders-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

30 N Gould St

Ste R

Sheridan, WY 82801

USA

Email: sales@imarcgroup.com

Website: https://www.imarcgroup.com