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U.S. decorative laminate sales to exceed 12 billion square feet in 2013.

CLEVELAND, OH -- Sales of decorative laminates in the United States are forecast to reverse their downward trend and increase 2.1% per year to more than 12 billion square feet in 2013, valued at $7.4 billion, according to Decorative Laminates, a new study from The Freedonia Group Inc. (freedoniagroup. corn), an industry research firm. Gains will be sparked by increased demand from the flooring industry, where shipments of laminate flooring are projected to advance over 11% per year to 750 million square feet in 2013.

The study also says that cabinets are expected to remain the leading market for decorative laminates in 2013, with demand for laminates reaching about three billion square feet. Advances will be derived from the rebounding housing market, as increasing housing completions will spur demand for cabinets in new housing. However, gains will be restrained by increasing competition from cabinets made from other materials, especially solid wood.
U.S. DECORATIVE LAMINATES DEMAND
(MILLION SQUARE FEET)

 Annual Growth

 2003- 2008-
Item 2003 2008 2013 2008 2013

Decorative Laminates Demand 12090 10920 12100 -2.0 2.1
Low-Pressure laminates 9630 8720 9550 -2.0 1.8
High-Pressure Laminates 2270 2025 2355 -2.3 3.1
Edgebanding 190 175 195 -1.6 2.2

Experts predict decorative laminate demand to increase 2.1% annually.

Source: The Freedonia Group Inc.
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Title Annotation:TRENDS & NEWS
Comment:U.S. decorative laminate sales to exceed 12 billion square feet in 2013.(TRENDS & NEWS)
Publication:Wood & Wood Products
Date:Jul 1, 2009
Words:221
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