NEW YORK, May 3, 2021 /PRNewswire/ --
Technavio has been monitoring the decorative laminates market in the US and it is poised to grow by $ 1.18 bn during 2021-2025, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the decorative laminates market in the US.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arclin Inc., Funder America Inc., Olon Industries Inc., Panolam Industries International Inc., Patrick Industries Inc., RENOLIT SE, Roseburg Forest Products Co., Synthomer Plc, Uniboard Canada Inc., and Wilsonart LLC are some of the major market participants. Although the product innovations and new designs, changing lifestyles leading to increasing demand for modular kitchens and consumer spending on home interiors, and increase in construction activities will offer immense growth opportunities, high competition from unorganized players is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this decorative laminates market in the US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Decorative Laminates Market in US 2021-2025: Segmentation
Decorative Laminates Market in the US is segmented as below:
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Decorative Laminates Market in US 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The decorative laminates market in US report covers the following areas:
This study identifies the increase in construction activities as one of the prime reasons driving the decorative laminates market in US growth during the next few years.
Decorative Laminates Market in US 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
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Report Link: https://www.technavio.com/report/decorative-laminates-market-in-the-us-industry-analysis
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