Laminate flooring is a durable and strong solution for flooring, made of fiberboard and melamine resin material. It includes multi-layer structure, which includes a design layer, a dressing layer, a back layer, and a spinal layer. All layers are merged using high pressure and heat. It is easy to install, inexpensive, and requires lower maintenance, which is expected to boost the market growth. In addition, the topmost layer of laminate flooring uses aluminum oxide and melamine which provides moisture resistance. In addition, with assorted sizes, it is increasingly accepted to replicate various materials such as stone, tile, and wood.
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Impacting Factors:
The rise in focus on home decoration and consumer lifestyles also enhance remodeling in the current environment. Currently, the trend toward the use of styles and interiors among consumers have motivated them to upgrade their homes by items such as rags, magazines, and carpets. that increase attractiveness of the home. This shift is supported by rise in income levels of consumers, change in lifestyle, and cultural acceptance, regarding interior decoration, which has also led to increased consumer interest in their homes and workplace interior decoration.
Top Players:
Mohawk Industries, Inc.,, Tarkett SA,, AFI Licensing LLC,, Shaw Industries Group, Inc.,, Mannington Mills, Inc.,, Armstrong Flooring,, Forbo,, Gerflor,, Beaulieu International,, TOLI Corporation,, Milliken & Company
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Key Segments:
By Type –
HDF Laminate
MDF Laminates
By Material –
Carpet
Rugs
By End User –
Residential
Commercial
By Region –
North America (U.S., Canada, Mexico)
Europe (France, Germany, Italy, UK, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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