Laminate Flooring Market Growth Drivers Analysis | Product Benchmarking | Strategic Initiatives

CITY, Country, 2020-Jul-17 — /EPR Network/ —

Global Laminate Flooring Market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares and size of top players. This syndicated research report also provides application, regional, products insights and offer ready, data-driven answers to many industry-level questions.

Market Overview:

Global Laminate Flooring Market is anticipated to grow at a significant CAGR of 5.1% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Laminate flooring also known as “floating wood tile” in the United States. Laminate flooring implies an artificial product made up of numerous layers that are closed together by the lamination procedure.

Key Players:

• Mohawk Industries
• CLASSEN Group
• Shaw Industries
• Tarkett
• Kronoflooring 

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Growth Drivers: 

The factors that propel the growth of the Laminate Flooring Market include improving standards of living, growing population, improvements in the printing and designing technology, introduction of innovative product designs by the key players, ease in the installation. On the other hand, there are factors that may hamper the growth of the market including price instability of the raw materials.

Market Segment: 

 

Key Applications
• Residential
• Commercial

Key Types
• HDF Laminates
• MDF Laminates

Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Regional Insights: 

Asia-Pacific accounted for the major share of the Laminate Flooring Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include fast urbanization, increasing construction industry, government initiatives & availability of favorable polices and growing number of housing schemes. Asia-Pacific is followed by North America region.

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