Globally, there is a high demand for decorative laminates due to increased standard of living and increasing disposable among individuals in various regions. In addition, rising popularity of aesthetic interior designs has sky rocketed the demand for decorative laminates. Various players operating in this market are also investing huge amounts to expand this market and introduce new techniques to provide better and advanced facilities to its customers. On the other hand, the brittle nature of these laminates makes it easily chipped, which has to some level refrained the individuals from using decorative laminates in their personal areas. Moreover, release of VOCs is also expected to restrict the growth of decorative laminates. With increased durability, high-pressure lamination production processes to improve performance, and reduce wear & tear present might help in overcoming these restraints and benefit the market’s growth.
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What are other driving factor attributing to the growth of decorative laminates?
As economies are developing and growing a fast rate, it is also changing various primitive and traditional ways of living and working. Nowadays, interior designing has grown largely and people ae now putting more efforts in making their house and office beautiful and appealing. This can be considered a crucial driver for the growth of this market. Apart from residential use, decorative laminates are also used in clothing stores, departmental stores, and other commercial outlets to attract more customers. Availability of customized decorative laminates has further increased the growth opportunities in this market. The demand for decorative laminates is widely seen in developed regions where people have higher standard of living with advanced technology giving the decorative laminates market an entire new way to grow.
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