Laminate Flooring Market Share, Outlook, Future Growth and Opportunities by 2024
The global laminate flooring market is expected to reach a volume of 1,040.5 Million Sq. Metres by 2024.
(EMAILWIRE.COM, November 08, 2019 ) According to the latest report by IMARC Group titled, Laminate Flooring Market Research Report and Forecast 2019-2024, the market reached a volume of 962 Million Sq. Metres in 2018, growing at a CAGR of 2% during 2011-2018.
Laminate flooring refers to a synthetic product which consists of multiple layers fused with a lamination process. Its upper layer is made up of melamine and aluminum oxide which holds up scratches, dents, fading and stains, providing a moisture resistant surface to the flooring. In recent years, laminate flooring has gained popularity since it is relatively inexpensive than traditional hardwood flooring and can be installed on nearly any type of subfloor, like concrete or even pre-existing vinyl floors.
Laminate floorings are durable; easy to clean; and resistant to scratches, moisture, and wear and tear. In addition to this, they even have the ability to replicate different flooring materials such as wood, marble and tiles. Besides this, the increasing role of laminate floorings in enhancing the physical appearance of homes and other spaces has driven the demand for laminate floorings across the globe. Apart from this, rapid urbanization and industrialization, and changing lifestyles of consumers have led to increasing construction activities, particularly in the developing nations. Owing to this, leading manufacturers introduced products with advanced features and properties, such as custom prints and designs, enhanced locking mechanisms, high-quality visuals and improved chemical resistance. These factors are favorably influencing the growth of the global laminate flooring market.
Request Free Sample Report @ https://www.imarcgroup.com/laminate-flooring-market/requestsample
Key Market Segmentation:
Breakup by Key Types
HDF Laminates
MDF Laminates
Breakup by Sector
Residential
Commercial
For more information about this report visit: https://www.imarcgroup.com/laminate-flooring-market
Regional Insights
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape
The report has also examined the competitive landscape of global laminate flooring market. Some of the major players in the market are Mohawk Industries Inc., Tarkett, Armstrong World Industries, Inc., Shaw Industries, Inc., Mannington Mills, Inc. and Beaulieu International Group.
Browse Related Reports:
Australia and New Zealand Cross Laminated Timber Market Report: https://www.imarcgroup.com/australia-newzealand-clt-market
Medium-Density Fibreboard (MDF) Market Report and Forecast: https://www.imarcgroup.com/medium-density-fibreboard-market
Laminate flooring refers to a synthetic product which consists of multiple layers fused with a lamination process. Its upper layer is made up of melamine and aluminum oxide which holds up scratches, dents, fading and stains, providing a moisture resistant surface to the flooring. In recent years, laminate flooring has gained popularity since it is relatively inexpensive than traditional hardwood flooring and can be installed on nearly any type of subfloor, like concrete or even pre-existing vinyl floors.
Laminate floorings are durable; easy to clean; and resistant to scratches, moisture, and wear and tear. In addition to this, they even have the ability to replicate different flooring materials such as wood, marble and tiles. Besides this, the increasing role of laminate floorings in enhancing the physical appearance of homes and other spaces has driven the demand for laminate floorings across the globe. Apart from this, rapid urbanization and industrialization, and changing lifestyles of consumers have led to increasing construction activities, particularly in the developing nations. Owing to this, leading manufacturers introduced products with advanced features and properties, such as custom prints and designs, enhanced locking mechanisms, high-quality visuals and improved chemical resistance. These factors are favorably influencing the growth of the global laminate flooring market.
Request Free Sample Report @ https://www.imarcgroup.com/laminate-flooring-market/requestsample
Key Market Segmentation:
Breakup by Key Types
HDF Laminates
MDF Laminates
Breakup by Sector
Residential
Commercial
For more information about this report visit: https://www.imarcgroup.com/laminate-flooring-market
Regional Insights
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape
The report has also examined the competitive landscape of global laminate flooring market. Some of the major players in the market are Mohawk Industries Inc., Tarkett, Armstrong World Industries, Inc., Shaw Industries, Inc., Mannington Mills, Inc. and Beaulieu International Group.
Browse Related Reports:
Australia and New Zealand Cross Laminated Timber Market Report: https://www.imarcgroup.com/australia-newzealand-clt-market
Medium-Density Fibreboard (MDF) Market Report and Forecast: https://www.imarcgroup.com/medium-density-fibreboard-market
Contact Information:
IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
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IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results