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.
Key Market Segmentation:
Breakup by Key Types
• HDF Laminates
• MDF Laminates
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Breakup by Sector
• Residential
• Commercial
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.
Key highlights of the report:
• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players
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