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Pro Blog

Reportlinker.com Adds US Laminate Market Report

By FAF Staff Writer, (500 words) Posted in Laminate Flooring on October 1, 2009
There are (63) comments permalink

Reportlinker.com announced today that the new market research report for US laminate flooring and laminates industry was added to its catalogue. Sales of laminate flooring and decorative laminates in the US are forecasted to rise 3.3% per year until 2013, with high-pressure laminates gaining the most growth in sales. Review the press release below and visit Reportlinker.com for more information about new market research reports for flooring industry growth and sale in the US.

NEW YORK, Oct. 1 /PRNewswire/ –– Reportlinker.com announces that a new market research report is available in its catalogue.

US Decorative Laminates Market - http://www.reportlinker.com/p0127774/US–Decorative–Laminates–Market.html

US sales to increase 3.3% per annum through 2013

Sales of decorative laminates in the US are forecast to rise 3.3 percent per year to 14.3 billion square feet in 2013, valued at $8.9 billion. Gains will be sparked by increased demand from the flooring industry, where shipments of laminate flooring are projected to advance about twelve percent per year to almost three billion square feet in 2013. Increases in shipments of laminate flooring will continue to be supported by the product's low cost, ease of installation and low maintenance requirements. Laminate flooring manufacturers are expected to continue to increase US production capacity, spurring demand for laminate materials used in the production of the flooring. Cabinets are expected to remain the leading market for decorative laminates in 2013, with demand for laminates in cabinets reaching three billion square feet. Advances will be derived from the rebounding housing market, as increasing housing completions will spur demand for cabinets in new housing. However, demand gains will be restrained by rising competition from cabinets made from other materials, especially solid wood. Manufacturers of laminates will continue to offer a wide range of product styles and textures, especially those that resemble natural and exotic woods, metals and three-dimensional natural stone surfaces. Laminate producers will continue to offer customers aesthetically pleasing surfacing choices that cost less than other materials. Despite these advantages, laminates will face strong competition from other surfacing materials. For example, in the countertops market, granite, engineered quartz, and solid surfacing materials are often used instead of laminates.

High–pressure laminates to register most rapid gains

Laminates made from low–pressure overlays, including low-basis weight papers, saturated papers, decorative foils and vinyl films, are forecast to account for over three–quarters of decorative laminate sales volume in 2013. Demand will be driven by increased use of saturated papers in the high–growth flooring market and continued adoption of low–pressure laminates as low–cost decorative surfacing products for furniture, cabinets and store fixtures. However, high–pressure laminates are expected to post the most rapid gains in demand through 2013. Demand for these laminates will continue to benefit from their enhanced decorative properties, long–term durability and resistance to scratches and other types of damage caused by wear and tear. High–pressure laminates are used in the production of flooring, countertops, cabinets and other items with horizontal surfaces.

Study coverage

Decorative Laminates, a new industry study, presents historical demand data (1998, 2003, 2008) plus forecasts for 2013 and 2018 by product, market, raw material and process. The study also considers market environment factors, evaluates company market share and profiles 39 industry competitors.

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