Global Decorative High-Pressure Laminate (HPL) Sales Volume Was 1750 Million Sqm In 2017
Wednesday, 05 Dec, 2018
In the past five years from 2013 to 2017, global Decorative High-pressure Laminate (HPL) revenue market scale was from 7.06 billion dollars to 8.08 billion. It is estimated to reach 9.76 billion dollars by 2023, with the CAGR of 3.19% in terms of revenue over the period 2017-2023.
The Decorative High-pressure Laminate (HPL) sales volume was 1750 million sqm in 2017 and is expected to reach 1822 million sqm in 2018 and 2240 million sqm in 2023, growing at a CAGR of 4.20% from 2017 to 2023.
At present, Asia-Pacific is the largest sales area in the world, which occupied about 56.92% in 2017. The following area is Europe. The global leading players in this market are Fletcher Building, Wilsonart, Panolam Industries, Greenlam, EGGER, ASD, Kronospan, Trespa International, PFLEIDERER, Merino, etc.
HPL products demand market has a certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share, local enterprises export more low-end products over capacity or molding process basic Materials.
Although sales of HPL products brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not enter into the high pressure laminate field.