1. Market Research
  2. > Construction
  3. > Building Products Market Trends
Compact Laminate Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and End-Use

Compact Laminate Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and End-Use

  • July 2021
  • 137 pages
  • ID: 6128400
  • Format: PDF
  • The Insight Partners


Table of Contents

Search Inside

The global compact laminate market was valued at US$ 3,696.98 million in 2021 and is projected to reach US$ 4,286.13 million by 2028; it is expected to grow at a CAGR of 3.9% from 2021 to 2028.

Compact Laminate is a material which is used for interior design, wall cladding, restroom partitions, and various other applications.Compact laminate is made up of kraft paper which is impregnated with phenolic resin as well as with decorative surface paper which is impregnated with melamine resin.

After drying the layers, they are stacked and sandwiched between laminate before being compressed at high temperature.The high temperature activates the resins and permanently fuses the layer into a panel.

The appearance of the compact laminate depends upon the decorative surface paper whereas the core of kraft paper provides a distinctive edge to the compact laminate.

Based on end-use, the compact laminate market is segmented into residential, commercial, and industrial.In 2020, commercial segment dominated the compact laminate market.

Compact Laminate has various applications in the commercial sector and one of the major applications is using the compact laminate for restrooms and bathrooms.The compact laminates are an ideal choice for bathroom partitions as they are durable and water-resistant.

Most of the compact laminate panels are nonporous and microbe resistant, which makes them the perfect material to be used in places that are wet and are subjected to high humidity.The compact laminates are customizable as there are various color options along with customizing the height of the panels according to the type of restroom to be manufactured.

Also, the compact laminates enhance the aesthetic appeal of the commercial bathrooms. The compact laminates are also used for external wall cladding applications and ventilated rain-screen facade applications in malls, outdoor tables, furniture, and service stations, among others.

Geographically, the compact laminate market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and Middle East & Africa (MEA).In 2020, Asia Pacific accounted for the largest share in the global compact laminate market.

Compact laminates are mainly used as countertops for kitchen, tables, bathroom for residential as well as office space in the Asia Pacific region.The compact laminates are also used for reconstruction and remodeling of residential homes and buildings in countries of Asia Pacific.

Increase growth in the construction of commercial spaces in country such as India has led to an increase demand for compact laminates to be used in shopping malls, hotels, offices among others in Asia Pacific.

The ongoing pandemic has drastically altered the status of the chemical and materials sector and negatively impacted the growth of the compact laminates market.The implementation of measures to combat the spread of the virus has aggravated the situation and affected the growth of several industrial sectors.

The market has been negatively impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries.Disruptions in terms of sourcing of raw materials from suppliers and temporarily closures of manufacturing bases due to indefinite lockdowns and temporary quarantines have impacted the growth of the building and construction industry.

As per an article published by land Berger GmbH, in June 2020, the International Monetary Fund (IMF) forecasted a decline in real gross domestic product (GDP) of ~3% worldwide, with current growth rate at 5.9% points lesser to 2.9% growth witnessed in 2019. The article further stated the building and construction activities in the US and Europe have relatively shrunk, negatively impacting the GDP contributed by construction sector. The commercial construction sector is likely to face more disruptions in comparison to residential construction sector during the pandemic period. Similarly, the pandemic has negatively impacted the growth of furniture market due to reduced demand, financial stress, and disruptions to the supply chain. The significant decline in the growth of the several industrial sectors negatively impacted the demand for compact laminates in the global market. Further, as the economies are planning to revive their operations, the demand for compact laminates is expected to rise globally. Additionally, new product development and launches is expected to stimulate the demand for compact laminates in post-pandemic times. For instance, in November 2020, Greenlam Industries Ltd., which is ranked amongst the top 3 laminate manufacturers globally and the largest in Asia, launched revolutionary laminates, which have been proven to be effective against SARS-CoV-2, with 99% efficacy within 30 minutes of exposure to the laminate surface and completely eradicates the virus in 45 minutes. The test for efficacy was conducted by Ministry of Science & technology (Government of India). The expanding demand for compact laminates across residential, commercial, and industrial sectors, along with significant investment by prominent manufacturers, is expected to drive the growth of the compact laminates market.

AICA Kogyo Co., Ltd.; EGGER Group; Greenlam Industries Ltd.; Wilsonart LLC; Merino Laminates Ltd.; Swiss Krono Group; Trespa International B.V.; Lamitech; Kronoplus Limited; and Royal Crown are among the major players operating in the global compact laminate market.

The overall global compact laminate market size has been derived in accordance with to both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the global compact laminate market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Exterior Wall Systems Market by Material Type, Supporting Wall End-use Industry And Region - Global Forecast to 2026

  • $ 4950
  • July 2021
  • 302 pages

The global exterior wall systems market size is projected to grow from USD 139.6 billion in 2021 to USD 199.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 7.4%. The global exterior wall ...

  • World
  • Europe
  • Wall Coverings
  • Industry analysis
  • Gross Domestic Product
  • Greenhouse Gas Emissions


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on