Decorative laminates market projected to reach a monumental USD 12.1 billion by the year 2034.
In the ever-evolving world of interior design, the decorative laminates market is making significant strides, with a growing emphasis on eco-friendly materials and designs. One notable player in this space is Greenlam Industries Limited, which has recently expanded its product portfolio to cater to this trend.
The decorative laminates market, valued at USD 8.3 billion in 2024, is expected to grow at a CAGR of 3.8% from 2025 to 2034. However, specific figures for the market size and growth rate during this period could not be found in the search results provided.
One niche segment that does have projected figures is the aircraft decorative laminates market. In 2024, this segment was valued at US$283 million and is projected to grow to US$416 million by 2032, with a CAGR of 4.7% during 2024–2032.
Cabinets have emerged as a significant application in the decorative laminates market, holding a 37.9% share in 2024. The commercial sector, on the other hand, led the by end-use segment, capturing a 43.7% share.
Notable companies in the decorative laminates industry include Wilsonart LLC, which introduced fire-retardant laminates for commercial spaces and launched "Wilsonart THINSCAPE", a lightweight, compact laminate for modern interiors. Wilsonart LLC is also promoting sustainability with recycled content laminates.
OMNOVA North America Inc. has entered the market with scratch-resistant and antimicrobial laminates for the healthcare and educational sectors. Abet Laminati SpA, another key player, has launched recyclable and low-emission laminates to comply with EU environmental regulations and offers "Digitally Printed Laminates", providing unlimited design possibilities.
The residential sector led the decorative laminates market in 2024, capturing a 56.3% share. General-purpose laminates accounted for a substantial 46.2% share in the market segment.
The decorative laminates market's growth significantly impacts the global economy by fostering job creation, industrial expansion, and infrastructure development. Businesses in this market should focus on innovation, sustainability, and market expansion for growth.
Asia Pacific showed significant growth potential in the decorative laminates market, driven by rapid urbanization in countries like China and India. North America reached USD 3.4 billion in 2024, representing 41.7% of the global market, while Europe held a notable market share in 2024, valued at USD 2.1 billion.
In conclusion, the decorative laminates market is a dynamic and growing industry, with a focus on sustainability, innovation, and market expansion. While specific figures for the market size and growth rate from 2025 to 2034 could not be found in the search results provided, the growth trends in related laminate sectors, such as the aircraft subsegment, indicate moderate growth. For more comprehensive data, specialized market research reports or databases may be consulted.
In the residential sector, where the decorative laminates market is dominated, homeowners are exploring eco-friendly and modern lifestyle options through the use of these products, particularly in their home-and-garden renovation projects. Notably, sustainability-focused companies like Wilsonart LLC and Abet Laminati SpA are offering recyclable and green-certified laminates, catering to the growing demand for environmentally-conscious home improvisations.
