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Demand for decorative laminates in the United States will advance nearly 5 percent per year to 13.3 billion square feet in the year 2003, valued at nearly $5 billion.

Demand for decorative laminates in the United States will advance nearly 5 percent per year to 13.3 billion square feet in the year 2003, valued at nearly $5 billion. The most rapid growth will occur in high pressure laminates, due to the strong performance of laminate flooring, which will log double-digit growth through 2003. More mature high pressure products such as countertops and store fixtures will show significantly lower rates of growth. These and other trends are presented in Decorative Laminates, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

High pressure laminates will continue to record higher than average growth, although advances will represent a slowdown from the previous period, when the strong recovery of the mid 1990s boosted demand for laminates in kitchen and bath applications and furniture. Growth is also being impacted by the increasing use of low pressure laminates in a number of horizontal applications, which previously had been served by high pressure material.

Low pressure laminates demand will advance 4,7 percent annually to more than eleven billion square feet by the year 2003. Conventional applications, such as furniture sides and side panels for kitchen counters and cabinets and bathroom vanities, will continue to account for the majority of demand. However, there is an increasing trend toward using low pressure laminates in horizontal applications which were formerly almost the exclusive province of high pressure laminates, due to the latter's higher scratch, dent and stain resistance.

Flooring will continue to provide the most rapid growth of any laminates market, as this application is still in the early stages of the product life cycle. Although the market is nowhere near saturation, advances will decline slightly from their previous lofty levels, yet will remain significantly in excess of the industry average. In laminates generally, and in particular laminate flooring, manufacturers are expending significant research efforts to improve the quality and durability of laminate products. US producers are attempting to develop laminate flooring products which are durable enough to be used in the sizeable contract market (commercial, institutional and industrial uses).

Laminates (published 01/2000, 220 pages) is available for $3500 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 646.0484 or e-mail pr@freedoniagroup.com. Full text is also available online through commercial database companies and the www.freedoniagroup.com Web site.

Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.
COPYRIGHT 2000 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

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Publication:Research Studies - Freedonia Group
Date:Jan 1, 2000
Words:443
Previous Article:Polyvinyl chloride demand in the US is forecast to increase 3.4 percent per year to 14.4 billion pounds in the year 2002, valued at $6.2 billion.
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