Global Wood & Laminate Flooring Market 2021 (Includes Business Impact of COVID-19)

  • TBI167879
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Wood & Laminate Flooring Market 2021 (Includes Business Impact of COVID-19)

Global Wood & Laminate Flooring Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global wood & laminate flooring market report has been segmented on the basis type, application, and region. The global Wood & Laminate Flooring market size was valued at USD$68.90 billion in 2020 and is projected to reach USD $115.48 billion by 2030 is anticipated to expand at a CAGR of 5.30% over the forecast period from 2020 to 2030.

Global Wood & Laminate Flooring Market: Overview

Wood and laminate flooring is one of the flooring method used to cover the surface of the buildings. Laminate flooring is a multi-layer artificial flooring product which is merged with the lamination process. It looks like wood or stone with a photographic applique layer below the clear protective layer. The internal layer is made up of fiberboard materials and melamine resin.

Global Wood & Laminate Flooring Market: Dynamics

Growing commercial and residential construction activities is one of the major factor expected to drive growth of the global market. Moreover, growing renovation activities among households and commercial spaces is another factor projected to augment the target market growth. Availability of laminate floorings in digitally printed format, various color options and sizes, along with customization is a factor anticipated to propel growth of the target market over the forecast period. In addition, increasing industrialization and rapid urbanization among developed and developing countries are some other factors projected to augment growth of the target market. Also, increasing disposable income, inclination towards modernizing the households are some of the key factors anticipated to support revenue growth of the global market. However, stringent rules of the government authorities associated with deforestation and volatile raw material prices may hamper growth of the target market. In addition, the availability of alternative flooring solutions may limit growth of the target market to a certain extent.

Global Wood & Laminate Flooring Market: Segmental Analysis

Among the type segment, the laminate segment is expected to account for significant revenue shares in the global market. This is attributed to various benefits of laminate flooring such as durability, lower in cost, easy to clean and maintain, and easy to install. Growth of the residential segment among the application segments is attributable to growing renovation activities among households in order to add an aesthetic look to the interior of the house.

Global Wood & Laminate Flooring Market: Regional Analysis

Asia Pacific wood & laminate flooring market is expected to register significant growth. In addition, improved standard of living, inclination towards changing in interior appearance, coupled with increasing disposable income are some factors supporting the revenue growth of the target market in this region. North America wood & laminate flooring market is projected to contribute significant revenue shares, in the target market, owing to growing renovation and remodeling activities and technological developments. In addition, increasing inclination towards a luxurious lifestyle, and modernizing the households, and high spending capabilities of the population are some additional factors expected to propel growth of the target market in this region. Moreover, technological advancements such as new innovative products and do-it-yourself (DIY) installation techniques are expected to widen the scope across commercial and residential flooring applications.

Below are the active patents related to Wood & Laminate Flooring Market.

Patent Number: CA2792620C Novel environmental engineered wood laminate flooring manufacturing method Abstract An environmental engineered wood laminate flooring manufacturing method comprising the following: using a wood veneer layer (2) as the top layer, adhering on the wood veneer layer (2) a wear layer (1), and pressing on the bottom surface of the wood veneer layer (2) a layer of glue-soaked paper (3), so as to accentuate the clear and natural wood lines on the wood veneer layer (2); using a high density board (4) as a base board layer, and adhering on the bottom surface thereof a balancing layer (5); stacking the wood veneer layer (1), the wear layer (2), the glue-soaked paper (3), the base board layer (4), and the balancing layer (5); heat pressing with a heat press at a temperature between 170 and 190°C, at a pressure between 16 and 22 Mpa, and for 20 to 50s. Corresponding tongues and grooves are provided on the four lateral faces of the manufactured flooring. Application File Date: 2011-07-01 Application Granted Date: 2014-01-07 Current Assignee: ZHEJIANG LINGGE WOOD CO Ltd Patent Number: US20070175143A1 Laminate floor panels Abstract Floor panels (2) are shown with a discontinuous surface (31) layer and core (30), which are mechanically connectable to each other along one pair of adjacent edges, said floor panels comprising at least two floor elements (1, 1), which are connected with glue. Application File Date: 2006-12-08 Application Granted Date: 2010-12-21 Current Assignee: Valinge Innovation AB Patent Number: US9434147B2 Environmental engineered wood laminate flooring manufacturing method Abstract An environmental engineered wood laminate flooring manufacturing method comprising the following: using a wood veneer layer as the top layer, adhering on the wood veneer layer a wear layer, and pressing on the bottom surface of the wood veneer layer a layer of glue-soaked paper, so as to accentuate the clear and natural wood lines on the wood veneer layer; using a high density board as a base board layer, and adhering on the bottom surface thereof a balancing layer; stacking the wood veneer layer, the wear layer, the glue-soaked paper, the base board layer, and the balancing layer; heat pressing with a heat press at a temperature between 170 and 190° C., at a pressure between 16 and 22 Mpa, and for 20 to 50 s. Corresponding tongues and grooves are provided on the four lateral faces of the manufactured flooring. Application File Date: 2011-07-01 Application Granted Date: 2016-09-06 Current Assignee: ZHEJIANG LINGGE WOOD CO Ltd

Global Wood & Laminate Flooring Market Segmentation:

Segmentation by Type:
  • Wood Flooring
  • Red oak
  • White oak
  • Maple
  • Laminate Flooring
Segmentation by Application:
  • Commercial
  • Residential
  • Industrial

Key Market Players included in the report:

  • Abet Inc.
  • AFI Licensing LLC
  • ALSAPAN SiEge social
  • Armstrong World Industries, Inc.
  • Bauwerk-Boen
  • Beaulieu International Group
  • Berkshire Hathaway Inc.
  • CLASSEN
  • Der International Flooring Co.Ltd
  • EGGER Group
  • Forbo Holding AG
  • Formica Group
  • Goodfellow Inc.
  • Hamberger Industriewerke GmbH.
  • Kahrs Holding AB
  • KAINDL FLOORING GMBH
  • Kastamonu Entegre
  • Krono Original.
  • Kronospan Limited
  • Mannington Mills, Inc.
  • MeisterWerke Schulte GmbH
  • Mohawk Industries, Inc.
  • Nature-Flooring
  • Power Dekor
  • ROBINA FLOORING SDN. BHD.
  • Samling Group of Companies
  • Shaw Industries Group Inc.
  • SWISS KRONO AG
  • Tarkett USA & Canada

Below are the key development related to Wood & Laminate Flooring Market in 2020 and 2021.

June 2021: Nobelus launches sustainable thermal laminate. Nobelus, known for its specialty line of films for the print and packaging trade, has launched a cellulose-based thermal film, EcoElement CLS Laminate. As part of a long-term commitment to sustainability, Nobelus invested heavily in researching options to bring a sustainably sourced laminate to market. Each production run of EcoElement CLS is comprised of highly refined wood pulp along with 20-25 percent reground material and yield less than a 5 percent loss in the adhesive coating process. Manufactured from PEFC-certified wood pulp from sustainably managed forests, EcoElement CLS Laminate is plastic-free and offers print service providers and packaging manufacturers an eco-friendlier substrate than standard laminates which are largely derived from petrochemicals. Under appropriate conditions, the base film is biodegradable and holds an OK Home Compostable certification from TUV Austria. The cellulose-based film with ethylene-vinyl acetate, in certain applications, is re-pulpable and thus suitable for the recycle stream. Source

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Wood & Laminate Flooring Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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