Global Laminate Flooring Market by Type, Sector and Region (2019-2024)

DUBLIN, July 12, 2019 /PRNewswire/ -- The "Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global laminate flooring market reached a volume of nearly 962 Million Sq. Metres in 2018, growing at a CAGR of 2% during 2011-2018.

Laminate flooring refers to a synthetic product which is made up of several layers that are sealed together by the lamination process. The upper layer typically consists of melamine and aluminium oxide, and helps to provide the laminate board a scratch and moisture resistant surface. As laminate flooring is easy to install and maintain, it has gained popularity across the world.

A surge in the demand for laminate flooring can be attributed to numerous factors. One of the major factors is the rapid growth of the construction industry. Urbanisation, industrialisation and changing lifestyles have resulted in an increase in the construction activities in the emerging nations. This has ultimately contributed to the growth of the global laminate flooring market.

Moreover, in line with the changing consumers' preferences, manufacturers are introducing innovative product designs. Owing to these factors, the market is further expected to reach a volume of around 1,041 Million Sq Metres by 2024.

The report has analysed the market on the basis of product type, covering HDF and MDF laminates.

On the basis of sector, the residential sector accounts for the majority of the market share.

The report has also segmented the market on the basis of regions covering North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. Among these, Asia-Pacific represents the largest market for laminate flooring.

The report has further analysed the competitive landscape and provides the profiles of the key players operating in the market. Some of the major players include Mohawk Industries, Tarkett, Armstrong World Industries, Shaw Industries, Mannington Mills, and Beaulieu International Group.

14.3 Product Pricing and Margins Across Various Levels of the Supply Chain

For more information about this report visit https://www.researchandmarkets.com/r/fuiupc

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