Product Code: ETC229404 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India decorative laminates market import shipment displayed robust growth from 2020 to 2024, with a notable CAGR of 40.1%. Momentum accelerated significantly from 2023 to 2024, with a growth rate of 175.6%. The market expanded rapidly, indicating a strong upward trend in demand for decorative laminates imports during this period.
The India decorative laminates market is a crucial segment of the country`s interior design and construction industries. Decorative laminates are used for surfacing furniture, walls, and other interior elements to enhance aesthetics and durability. The market`s growth is driven by factors such as the rise in residential and commercial construction, increasing demand for modular furniture, and the popularity of interior remodeling and design trends. Decorative laminates offer a wide range of designs, textures, and finishes, making them popular among architects, interior designers, and homeowners. However, challenges related to environmental sustainability, product quality, and competition from alternative surfacing materials impact the market`s dynamics. Key players in the market include laminate manufacturers, furniture makers, and interior design companies that offer a variety of decorative laminates to meet diverse customer preferences.
The India decorative laminates market is influenced by several key drivers. Firstly, the growth of the construction and real estate sectors in India, including residential and commercial projects, drives the demand for decorative laminates for interior decoration and furnishing. Decorative laminates are used for wall panels, furniture surfaces, and countertops, providing aesthetically pleasing and durable finishes. Secondly, the increasing preference for modern and stylish interiors among consumers contributes to the demand for decorative laminates. The availability of a wide range of designs, textures, and patterns in laminates enhances their appeal in the market. Additionally, the growing focus on sustainable and eco-friendly interior materials drives the adoption of decorative laminates made from recycled and eco-friendly materials.
The India decorative laminates market encounters specific challenges. One of the primary challenges is the competition from other surfacing materials, such as veneers and paint, which may offer different aesthetic options. Additionally, ensuring the durability and longevity of decorative laminates is crucial to meet customer expectations. Manufacturers must focus on product innovation, offering a wide range of designs and textures, and addressing customer preferences to overcome these challenges and maintain market growth.
The Covid-19 pandemic had a mixed impact on the India decorative laminates market. With the disruption in construction and interior decoration activities, the demand for decorative laminates declined during the pandemic. The closure of retail outlets and home furnishing stores also affected the sales of laminates. However, as people spent more time at home, there was a growing interest in home improvement and interior decoration projects, leading to increased demand for decorative laminates for furniture and surfaces. The market witnessed a shift towards digital and virtual interior design services, driving the online sales of laminates. As the situation improved and economic activities resumed, the decorative laminates market showed signs of recovery, driven by the housing and construction sectors` revival.
The India decorative laminates market is served by various players involved in the manufacturing and supply of decorative laminate sheets for interior design and furnishings. Some notable players include Greenlam Industries Ltd., Merino Laminates, Century Plyboards (India) Ltd., and Formica India. These companies offer a wide range of decorative laminates, including woodgrain laminates, solid color laminates, and textured laminates. Their focus on design diversity, product durability, and sustainability has positioned them as key players in the decorative laminates market in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Decorative Laminates Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Decorative Laminates Market Revenues & Volume, 2021 & 2031F |
3.3 India Decorative Laminates Market - Industry Life Cycle |
3.4 India Decorative Laminates Market - Porter's Five Forces |
3.5 India Decorative Laminates Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 India Decorative Laminates Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Decorative Laminates Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Decorative Laminates Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 India Decorative Laminates Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing urbanization and increasing disposable income leading to higher demand for decorative laminates in India. |
4.2.2 Rising trend of interior design and renovation activities in residential and commercial sectors. |
4.2.3 Technological advancements in manufacturing processes leading to improved product quality and design options. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production and thereby affecting pricing strategies. |
4.3.2 Competition from alternative materials such as veneer, paint, and wallpaper. |
4.3.3 Lack of awareness and preference for traditional materials in certain market segments. |
5 India Decorative Laminates Market Trends |
6 India Decorative Laminates Market, By Types |
6.1 India Decorative Laminates Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 India Decorative Laminates Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 India Decorative Laminates Market Revenues & Volume, By Plastic resins, 2021-2031F |
6.1.4 India Decorative Laminates Market Revenues & Volume, By Overlays, 2021-2031F |
6.1.5 India Decorative Laminates Market Revenues & Volume, By Adhesives, 2021-2031F |
6.1.6 India Decorative Laminates Market Revenues & Volume, By Wood substrate, 2021-2031F |
6.2 India Decorative Laminates Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Decorative Laminates Market Revenues & Volume, By General Purpose, 2021-2031F |
6.2.3 India Decorative Laminates Market Revenues & Volume, By Postforming, 2021-2031F |
6.2.4 India Decorative Laminates Market Revenues & Volume, By Special Products, 2021-2031F |
6.2.5 India Decorative Laminates Market Revenues & Volume, By Backer, 2021-2031F |
6.3 India Decorative Laminates Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Decorative Laminates Market Revenues & Volume, By Cabinets, 2021-2031F |
6.3.3 India Decorative Laminates Market Revenues & Volume, By Furniture, 2021-2031F |
6.3.4 India Decorative Laminates Market Revenues & Volume, By Flooring, 2021-2031F |
6.3.5 India Decorative Laminates Market Revenues & Volume, By Table Top, 2021-2031F |
6.3.6 India Decorative Laminates Market Revenues & Volume, By Counter Top, 2021-2031F |
6.3.7 India Decorative Laminates Market Revenues & Volume, By Wall Panels, 2021-2031F |
6.4 India Decorative Laminates Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 India Decorative Laminates Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 India Decorative Laminates Market Revenues & Volume, By Non-residential, 2021-2031F |
6.4.4 India Decorative Laminates Market Revenues & Volume, By Transportation, 2021-2031F |
7 India Decorative Laminates Market Import-Export Trade Statistics |
7.1 India Decorative Laminates Market Export to Major Countries |
7.2 India Decorative Laminates Market Imports from Major Countries |
8 India Decorative Laminates Market Key Performance Indicators |
8.1 Average order value per customer indicating the willingness to invest in higher-end decorative laminates. |
8.2 Number of new designs launched per quarter showcasing innovation and response to changing consumer preferences. |
8.3 Percentage of repeat customers reflecting customer satisfaction and loyalty towards the brand. |
8.4 Environmental sustainability metrics such as percentage of recycled materials used in production, showcasing commitment to eco-friendly practices. |
8.5 Time-to-market for new products, demonstrating agility and responsiveness to market trends. |
9 India Decorative Laminates Market - Opportunity Assessment |
9.1 India Decorative Laminates Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 India Decorative Laminates Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Decorative Laminates Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Decorative Laminates Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 India Decorative Laminates Market - Competitive Landscape |
10.1 India Decorative Laminates Market Revenue Share, By Companies, 2024 |
10.2 India Decorative Laminates Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |