Global demand for decorative laminates is expected to rise 5.6 percent per year to 10.7 billion square meters in 2018, valued at $40.8 billion. Demand will benefit from expected increases in the manufacture of products such as cabinets, ready-to-assemble (RTA) furniture, and flooring, which are often made from engineered wood and laminated. Gains will also be driven by increased market penetration at the expense of other surfacing materials (wood veneer and paint) due to cost and performance benefits. Furniture and cabinets were the largest markets for decorative laminates in 2013, accounting for nearly 70 percent of total demand. These and other trends are presented in "World Decorative Laminates," a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
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