Global Laminate Flooring Market Expected To Reach USD 81.2 Billion By 2020

Date: 2016-10-13

Along with the increasing demand in the new construction and home and public area improvement sectors are considered as the key driving force for the laminate flooring market over the forecast period 2016-2020, according to report, the Global Laminate Flooring Market is expected to reach USD 81.2 Billion by 2020.

However the cost of Laminate Flooring is expecting rising up due to the volatile prices of wood and other raw materials for Laminate Flooring.

In addition, stringent laws and regulations against deforestation by governments across the globe and the consequent need of imports of raw materials have shrunk manufacturers’ profits to a large extent. Increasing concern over environmental impact has considerably affected the wood & laminate flooring market.

Laminate flooring is primarily preferred in residential applications with residential replacement generating significant demand. Residential new construction and commercial sectors such as retail have increasingly adopted wood & laminate flooring solutions. Owing to their ability to sustain high traffic, laminate flooring has witnessed a surge in demand from commercial sectors.

Geographically, increased demand from the emerging countries such as India, China and Southeast Asian countries are expected to open up new avenues for wood & laminate flooring market growth over the forecast period. Changing lifestyles coupled with increasing construction activity in Asia Pacific are expected to propel market growth in the region. Wood flooring demand in regions experiencing perennially cold climatic regions such as the U.S. and majority of the European countries is expected to be augmented as wood helps to maintain warmth.

Laminate Flooring market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520

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