Report: Laminate Market to Reach 1.68B SM by 2010
San Jose, CA, July 16, 2007 --Growing demand for laminate flooring from the housing sector, including new housing starts and replacement market, is increasing at a strong pace. Growth is mainly due to the product's resistance to denting, scratching, cigarette burns, staining, and fading. Manufacturers are increasingly developing a range of products that fulfill the requirements of the commercial sector.
Growth is attributed to features including enhanced performance properties as well as lower price and improved style options. Development of glueless laminates, technological advancements, and enhanced moisture resistance are generating interest among end-users. The trend is likely to be boosted by increasing demand for products from countries such as China. Enhancements in technologies such as embossed registration and texturing is offering consumers a cost-efficient way of attaining the looks of ceramics, tiles, and hardwood. Laminate flooring usage in the DIY installation sector is likely to continue growing.
Europe is by far, the largest market for laminate flooring worldwide, estimated at 688 million square meters in 2007. Asia excluding Japan is the second largest market followed by United States at third position. Europe, US and Asia together account for over 88 percent of the global laminate flooring market. The global and regional markets are expected to grow at CAGRs ranging between 16% and 26%. Residential replacement including DIY represents the largest end-use segment with sales estimated at 566 million square meters in 2007. Installation in new housing starts is the second largest user of laminate floorings with the market expected to reach nearly 700 million square meters by 2010. In terms of regions, Asia is the fastest growing market with demand primarily arising out of China.
The global marketplace is fragmented and characterized by well-established players as well as small niche companies. Market participants include Alsafloor SA, Armstrong World Industries, Inc., Akzenta Paneele & GmbH Classen Gruppe, BHK of America, Berry Group, Columbia Forest Products Inc., Congoleum Corporation, Egger Retail Products GMBH, Faus Group, Inc., Formica Corporation, Hamberger Industriewerke GmbH, HUGA Hubert Gaisendrees GmbH & Co. KG., Kaindl Flooring GmbH, Kronospan, Kronotex GmbH & Co. KG, Mannington Mills, Inc., Mohawk Industries, Inc., Pfleiderer AG, Pergo AB, Robina Flooring Sdn Bhd, Roysol, Shaw Industries, Inc., Skema Srl, Sonae Indústria, Tarkett USA Inc., Uniboard Canada, Inc., Unilin Group, Wilsonart International Inc., and Witex International Flooring
"Laminate Flooring: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, challenges, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided in terms of end-use segments including New Housing Starts, Residential Replacement (Including DIY Installations), and Commercial Markets.
For more details about this research report, please visit www.strategyr.com/MCP-1166.asp.
Related Topics:Shaw Industries Group, Inc., Mannington Mills, Robina Floors, Mohawk Industries, Armstrong Flooring