US demand for decorative laminates at $6.8 billion by 2020

Global SourcesUpdated on 2023/12/01

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Furniture, wall panel and floor manufacturing propels growth.

Decorative laminates. Image Source: Aidec World

Market research firm Freedonia Group forecasts that decorative laminate demand in the US will be 11.6 billion sqft or worth $6.8 billion as 2020 approaches. This is a jump of 2.5 percent YoY.

Furniture and wall panel manufacturing are big contributors to growth. In 2015, cabinets and furniture were the two leading markets for laminates. Laminate flooring will also exceed its average gains.

The construction of new homes is expected to provide opportunities as well. Residential spaces with stock cabinets usually utilize low-pressure laminates. This type of laminate accounts for 80 percent of the market, and is seen to grow the fastest. For high-pressure variants, the firm says demand would depend on durability and scratch resistance requirements.

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