US decorative laminates demand to reach 15.2 billion square feet in 2007.
Laminates made from low pressure overlays, including low basis weight papers, saturated papers, decorative foils and vinyl films, accounted for the largest share of decorative laminate sales in 2002, with an 81-percent share of sales in volume terms. Gains through 2007 will be driven in part by technological advances that make the materials more durable. Additionally, the introduction of low pressure overlays, particularly saturated papers, made to match the patterns available on popular varieties of high pressure laminates (HPLs) will allow them to be paired more easily and more often with HPLs on the same piece.
HPLs are expected to continue to post higher annual growth through 2007. Advances will be driven by the rising popularity of laminate flooring, a market where HPLs hold a leading position, and the increasing use of HPLs paired with solid wood and other materials in furniture applications. As the most durable and impact-resistant type of laminate, HPLs continue to dominate most horizontal applications, including countertops and fixture tops.
The flooring market is projected to achieve the fastest growth through 2007, benefitting from the introduction of better performing materials and consumer interest in a low cost, low maintenance alternative to popular wood flooring. The furniture market is also expected to post above-average growth, exceeding four trillion square feet by 2007. Kitchen and bath fixtures (i.e., countertops and cabinets) will continue to account for the largest share of decorative laminates demand despite below average growth.
US DECORATIVE LAMINATE DEMAND (million square feet) % Annual Growth Item 1997 2002 2007 02/97 07/02 Decorative Laminates Demand 9280 12100 15200 5.5 4.7 Low Pressure Laminates: 7545 9760 11850 5.3 4.0 Low Basis Weight Papers 2590 3610 4440 6.9 4.2 Saturated Papers 2075 2705 3350 5.4 4.4 Vinyl Films 1775 1970 2300 2.1 3.1 Decorative Foils 1105 1475 1760 5.9 3.6 High Pressure Laminates 1590 2155 3130 6.3 7.8 Edgebanding 145 185 220 5.0 3.5
Decorative Laminates (published 08/2003, 240 pages) is available for $3,900 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 440.646.0484 or e-mail firstname.lastname@example.org. Information may also be obtained through www.freedoniagroup.com.
A limited license to use or reprint information from this news release is granted to you provided attribution for the same--including, if possible, the price of the report--is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
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|Title Annotation:||The flooring market is projected to achieve the fastest growth|
|Comment:||US decorative laminates demand to reach 15.2 billion square feet in 2007.(The flooring market is projected to achieve the fastest growth)|
|Publication:||Research Studies - Freedonia Group|
|Date:||Aug 12, 2003|
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