India Decorative Laminates Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.1% (2024-2032)
Market Size in 2023: USD 1.8 Billion
Market Size in 2032: USD 2.8 Billion
India’s decorative laminates market is growing rapidly, driven by rising demand in interior design and home improvement sectors. According to the latest report by IMARC Group, the market reached USD 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
India Decorative Laminates Market Trends and Drivers:
The growing need for aesthetically appealing as well as cost-effective home and office interiors are the factors responsible for the India decorative laminates market growth. Additionally, as urbanization accelerates and disposable incomes rise, consumers are investing more in stylish and durable interior solutions. Decorative laminates, known for their variety of designs, textures, and finishes, are becoming a popular choice for furniture, cabinetry, and wall panels.
Besides this, the versatility and affordability of laminates compared to traditional materials like wood and stone make them highly attractive to both residential and commercial sectors. Moreover, advancements in printing and surface technology are allowing manufacturers to offer more realistic and high-quality laminate designs, further boosting their appeal.
Another significant driver is the growing focus on sustainable and eco-friendly building materials. In addition to this, consumers and builders are opting for materials that have a lower environmental impact, increasing environmental awareness. Many decorative laminate manufacturers in India are responding to this demand by adopting sustainable practices and using eco-friendly raw materials, such as recycled wood and low-emission adhesives, thereby positively impacting the market.
Furthermore, the push for housing and infrastructure development by government authorities, under initiatives like the Pradhan Mantri Awas Yojana and Smart Cities Mission, is creating a substantial demand for decorative laminates in the construction sector. The expanding retail sector, along with the rise of e-commerce platforms, is also making it easier for consumers to access a wide range of laminate products, which is anticipated to drive the India decorative laminates market over the forecasted period.
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India Decorative Laminates Market Report Segmentation:
Breakup by Product Type:
- High Pressure Laminates
- Low Pressure Laminate
Breakup by Application:
- Furniture and Cabinets
- Flooring
- Wall Panels
- Others
Breakup by End Use:
- Non-Residential
- Residential
- Transportation
Breakup by Texture:
- Matte/Suede
- Glossy
Breakup by Pricing:
- Mass
- Premium
Breakup by Sector:
- Organised
- Unorganised
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3597&flag=C
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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