Registering a CAGR of 5.6% over the forecast period of 2022-2027, the global geothermal power generation market is anticipated to reach the market value of US$ 1653.7 Million in the year 2027 from US$ 1170.8 million in the year 2021.
High Pressure Laminate (HPL) Market Overview
High Pressure Laminate (HPL) market is anticipated to rise at a considerable rate during the forecast period. High Pressure Laminate (HPL) has been a fashionable option in worldwide for more than 20 years. High Pressure Laminate (HPL) is a hybrid floor with multi-layer synthetic flooring products attached together with a lamination process. Rising investments in the construction industry, growth in remodeling & renovation activities, and rapid urbanization are documented as the major driving factors to the market. Increasing usage in commercial, as well as residential sector, the prevalence of cost-effective and low maintenance products, surging level of investment for the development of the real estate sector, are some of the factors that will accelerate the growth of the High Pressure Laminate (HPL) market in the forecast period. Growing urbanization and industrialization will further boost various opportunities that will lead to the growth of the High Pressure Laminate (HPL) market. The rising population and improving standards of living have led to a rise in the demand for modern housing, which has significantly contributed to the growth of the market.
Increasing demand from the packaging industry is one of the major factors driving the growth of the market. At the same time, environmental concerns about the dispensing of harmful chemicals during the manufacturing process is expected to hamper the growth of the market.Laminating adhesive products are used in stand-up pouches, wrappers, bags, films, primers, and ink binders.These products are formulated in order to meet the innovative needs in the flexible packaging industry. High-performance industrial laminating adhesives possesses multiple properties that can be customized to be used in a variety of applications ranging from solar films, sailcloth, flexible food-packaging applications that require high strength film to metal foil laminations.
Who are the Major Players in High Pressure Laminate (HPL) Market?
Top Key players in the High Pressure Laminate (HPL) Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Wilsonart, Panolam Industries, Kronospan, EGGER, ASD, Arpa Industriale, Sonae Indústria, OMNOVA Solutions, Abet Laminati, Fletcher Building, PFLEIDERER, Trespa International and others.
Industry News -
April 25, 2022: Wilsonart, a world-class innovator of next-generation engineered surfaces, announced that its Wilsonart® High Pressure Laminate (HPL) now includes the International Living Future Institute (ILFI) Declare label. Declare labels, similar to food ingredient labels, detail the material health composition of building products to help inform consumers about the safety of the products they use every day. Wilsonart is the first laminate manufacturer to feature the Declare label.
Jan. 15, 2020: OMNOVA Solutions Inc. (NYSE: OMN) announced that its proposed acquisition by Synthomer plc has been approved by the European Commission, subject to Synthomer's divestiture of its small Germany-based vinyl pyridine latex business. Synthomer has received expressions of interest from a number of potential buyers.
What are the major Applications, Types and Regions for High Pressure Laminate (HPL) Market?
High Pressure Laminate (HPL) Market is segmented based on the type, applications, companies and regions.
By Type, High Pressure Laminate (HPL) Market has been segmented into
By application, High Pressure Laminate (HPL) Market has been segmented into
- Commercially
- Residences
- Others
High Pressure Laminate (HPL) Market Regional Analysis
Asia Pacific was a prominent market for high pressure laminates in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. In North America, the demand for high pressure laminates is primarily driven by the housing sector. Improved standards of living and rising usage of high pressure covers for parquet purpose are expected to drive the market in North America.In Europe, the demand for high pressure laminate is expected to be mainly from the profitable sector. High pressure laminates are being employed widely for flooring in profitable developments, which is predictable be a major factor that is likely to pushing the reliable expansion of the high pressure laminate market in the region.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our High Pressure Laminate (HPL) Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 5.6% during the review period (2022 to 2027).
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By Type
|
|
By Application
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- Commercially
- Residences
- Others
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By Companies
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Wilsonart, Panolam Industries, Kronospan, EGGER, ASD, Arpa Industriale, Sonae Indústria, OMNOVA Solutions, Abet Laminati, Fletcher Building, PFLEIDERER, Trespa International
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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116
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this High Pressure Laminate (HPL) Report
- Evaluate High Pressure Laminate (HPL) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the High Pressure Laminate (HPL) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Question -
What is the study period of this market?
The High-Pressure Laminate (HPL) Market is studied from 2020-2027.
Who are the prominent players in the High Pressure Laminate (HPL) Market?
Wilsonart, Panolam Industries, Kronospan, EGGER, ASD, Arpa Industriale, Sonae Indústria, OMNOVA Solutions
Which region held the largest share in the High-Pressure Laminate (HPL) Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant types of High Pressure Laminate (HPL) Market?
Horizontal, Vertical
What are the major end-use applications of High Pressure Laminate (HPL) Market?
Commercially ,Residences,Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
