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09/11/2007

Laminate Flooring Market to Reach 1.68 Billion Square Meters by 2010

 

San Jose, CA (PRWEB) - Growing demand for laminate flooring from the housing sector, including new housing and the replacement market, is increasing at a strong pace. Growth is mainly due to the product's resistance to denting, scratching, cigarette burns, staining and fading. Manufacturers are increasingly developing a range of products that fulfill the requirements of the commercial sector.

Growth is attributed to features including enhanced performance properties as well as lower price and improved style options. Development of glueless laminates, technological advancements, and enhanced moisture resistance are generating interest among end-users. The trend is likely to be boosted by increasing demand for products from countries such as China. Enhancements in technologies such as embossed registration and texturing is offering consumers a cost-efficient way of attaining the looks of ceramics, tiles and hardwood. Laminate flooring usage in the DIY installation sector is likely to continue growing.

Europe is by far, the largest market for laminate flooring worldwide, estimated at 688 million square meters in 2007. Asia, excluding Japan, is the second largest market followed by United States at third position. Together, Europe, the United States and Asia account for more than 88 percent of the global laminate flooring market (www.strategyr.com/MCP-1166.asp).

The global and regional markets are expected to grow at compound annual growth rates ranging between 16 percent and 26 percent. Residential replacement, including DIYs represent the largest end-use segment with sales estimated at 566 million square meters in 2007. Installation in new housing starts is the second largest user of laminate floorings with the market expected to reach nearly 700 million square meters by 2010. In terms of regions, Asia is the fastest growing market with demand primarily arising out of China.

The global marketplace is fragmented and characterized by well-established players as well as small niche companies. Market participants include Alsafloor SA, Armstrong World Industries Inc., Akzenta Paneele & GmbH Classen Gruppe, BHK of America, Berry Group, Columbia Forest Products Inc., Congoleum Corp., Egger Retail Products GMBH, Faus Group Inc., Formica Corp., Hamberger Industriewerke GmbH, HUGA Hubert Gaisendrees GmbH & Co. KG., Kaindl Flooring GmbH, Kronospan, Kronotex GmbH & Co. KG, Mannington Mills Inc., Mohawk Industries Inc., Pfleiderer AG, Pergo AB, Robina Flooring Sdn Bhd, Roysol, Shaw Industries Inc., Skema Srl, Sonae Indústria, Tarkett USA Inc., Uniboard Canada Inc., Unilin Group, Wilsonart International Inc., and Witex International Flooring

"Laminate Flooring: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, challenges, product profile, players, competition, recent developments, mergers, acquisitions and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided in terms of end-use segments including New Housing Starts, Residential Replacement (including DIY installations), and Commercial Markets.

For more details about this research report, visit www.strategyr.com/MCP-1166.asp.

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Global Industry Analysts Inc., www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.