High-Pressure Laminate HPL Market Size, Share Analysis Forecast 2020-2026

Industry Insights

[195 Pages Report] According to the report published by Facts and Factors, the global high-pressure laminate HPL market size was valued around USD 6000 million in 2019 and is expected to grow to around USD 9,000 million by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global high-pressure laminate HPL market drivers, challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the high-pressure laminate HPL market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the high-pressure laminate (HPL) industry. The report analyzes and declares the historical and current trends analysis of the high-pressure laminate (HPL) industry and subsequently recommends the projected trends anticipated to be observed in the high-pressure laminate (HPL) market during the upcoming years.

The high-pressure laminate (HPL) market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire High-pressure laminate (HPL) market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (M Sqm) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the primary researcher operating in the global high-Pressure Laminate (HPL) market, the market was valued at USD 6,000 million and is expected to be valued over USD 9,000 million.
• The high-Pressure Laminate (HPL) market is predicted to witness a significant growth of nearly 6% during the years 2020-2026 due to the features offered by HPL such as durability, supreme quality, scratch-resistant, etc.
• By type analysis, the general-purpose type headed the market with more than USD 2,000 million, in 2019 and it is expected to grow in forthcoming years owing to its use in general furniture.
• By application analysis, the commercial segment dominated the global market with a share of more than 50%, in 2019 and it is anticipated to grow attributed to increasing demands in the commercial sector.
• By region-wise, the Asia-Pacific region dominated the market with more than USD 2,000 million, in 2019 owing to increasing investment in the emerging countries of this region and increasing spending on house interior.

Key Recommendations from Analysts

• Our analysts recommend that the North America region is anticipated to boost the high-Pressure laminate (HPL) market owing to the improved standard fo living and increasing demand for HPL for flooring purposes.
• The demand for HPL in the European region is expected to increase in forthcoming years attributed to its use in the commercial complexes, and growth in the construction industry.
• The post-forming type laminate is a grade of laminate that is a little thinner and more flexible than conventional horizontal laminate. Due to this feature, the post-forming category is expected to increase in future years.
• The residential segment is projected to grow in the future years attributed to improving living standards and per capita income.
• Due to increasing disposable income, constant economic growth, rising standards of living and increased demand for housing in urban areasare expected to offer lucrative opportunities in the HPL market.

Market Attractiveness By Application Analysis

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the high-pressure laminate (HPL) industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the high-pressure laminate (HPL) industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the high-pressure laminate (HPL) market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the high-pressure laminate (HPL) industry. The high-pressure laminate (HPL) market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the high-pressure laminate (HPL) sector. Key strategic developments in the high-pressure laminate (HPL) market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the high-pressure laminate (HPL) market are appropriately highlighted in the report.

High-pressure laminate (HPL) consists of impregnated paper with kraft resin, decorative facial paper stock, and a transparent melamine overlay. These sheets are bonded to pressures exceeding 1000 pounds per square inch and temperatures close to 300 F (149 ° C). HPL offers hundreds of solid colors, wood grains, and abstracts with multiple finishes. Laminated products such as decorative laminates that are used as surface materials for furniture or wall paneling.HPL offers a wide variety of thickness range, color, patterns depending upon the requirement.

High-pressure laminate (HPL) is used in a wide range of applications including residential, industrial applications, and commercial use due to its high durability and quality. The HPL is also used in the industrial sector such as the manufacturing of tabletop, wood panel, etc. Increasing demand for HPL due to its convenient characteristics such as versatility, durability is expected to boost the market in the future years. Additionally, the increasing per capita income, emerging economic growth in developing countries, rising standards of living and increased demand for housing in urban areas are some of the key growth drivers of the HPL market. However, the HPL market needs a high amount of raw material and huge initial investment which may restraints the market growth. On the other hand, growing urbanization, innovation in technology and increasing industrialization across the globe are expected to offer lucrative opportunities in the market.

The high-pressure laminate (HPL) market research report delivers an acute valuation and taxonomy of the high-pressure laminate (HPL) industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the high-pressure laminate (HPL) industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the High-pressure laminate (HPL) industry is provided for the leading economies of the world.

The high-pressure laminate (HPL) market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into general-purpose type, post-forming type, backer type, others. In terms of Application segmentation, the market is bifurcated into commercial, residential and industry.

Report Scope

Some of the leading players in the global market include

• LAMITECH
•  Fletcher Building
•  Wilsonart
•  ATI Laminates
•  EGGER
•  Kronospan
•  Trespa International
•  Guangzhou G&P
•  Merino
•  PFLEIDERER
•  Panolam Industries
•  Abet Laminati
•  OMNOVA Solutions
•  SonaeIndústria
•  ArpaIndustriale
•  FORMILINE
•  Zhenghang
•  Hopewell
•  Violam
•  AOGAO
•  Crown
•  Gentas
•  Polyrey
•  Resopal
•  Dura Tuff
•  Greenlam

The taxonomy of the high-pressure laminate (HPL) industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• General Purpose Type
• Postforming Type
• Backer Type
• Others

By Application Segmentation Analysis

• Commercial
• Residencial
• Industry

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa