Decorative laminates are laminated products used as a surface material for furniture and walls. The decorative laminates market is estimated to grow at a significant growth rate owing to the increasing emphasis given to protecting appliances and products from external harmful effects. An extensive market research study presented by Future Market Insights (FMI) reflects the key opportunities held by the market and provides a holistic understanding of the decorative laminates market.
“The furniture and cabinets application segment is expected to create major demand for decorative laminates as there is major deployment witnessed while these are set up”, Senior Analyst, Future Market Insights.
According to the FMI study, companies operating in the decorative laminates market are consistently working towards gaining a greater competitive edge over others. With an aim to meet these goals, companies such as CenturyPly are expanding their product portfolio. The company introduced two new variants in the existing CenturyDoors range with an aim to meet the contemporary consumer needs. The demand for custom-designed decorative laminates is expected to grow enormously. This has triggered innovative ways for capturing consumer interest while fulfilling their needs. For instance, ATI Decorative Laminates introduced an online tool that enables customers to design their laminates through the virtual tool.
Along with decorative laminates, elastic laminates are gaining major significance with time. The FMI study unveils the key factors contributing to the growth.
Elastic Laminates Market: Increasing Utilization in Personal Hygiene Products to Bolster Growth
The elastic laminates market is anticipated to register a significant growth trajectory with the favorable adoption of elastic laminates in personal hygiene segment. The global elastic laminates market is expected to grow at a significant growth rate of nearly 5.6 percent during the forecast period of 2018-2028. There is an increasing demand for better personal hygiene products such as baby diapers, adult incontinence, and female care products. This demand has contributed to a substantial elastic laminates market growth.
Companies operating in the elastic laminates market are gaining significant investment opportunities from incontinence products. The increasing prevalence of chronic diseases is resulting in the increasing demand for incontinence products, thereby creating profitable prospects for elastic laminates market. The use of elastic laminates in medical products such as medical tapes is further boosting the revenue share of the global elastic laminates market. More such insights are provided in an extensive market research study presented by Future Market Insights.
Leading players in the elastic laminates market are focusing on key strategies to leverage the opportunities reflected by the elastic laminates market. Expansion strategy remains a prominent aspect of growth for the companies. Some players operating in the elastic laminates market include Berry Global Group, Inc., Mondi Group plc, Golden Phoenix Fiberwebs, Inc., Exxon Mobil Corp, Schweitzer-Mauduit International, Inc., Tredegar Corporation, Kraton Corporation, and others.
Similar notable insights pertaining to the elastic laminates market are included in the extensive research study. Readers can gain a holistic understanding of the elastics laminates market and the potential opportunities traced by the market by accessing.