Europe Compact Laminate Market

Market Introduction

The Europe compact laminate market is

a

highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The manufacturers in the market are focusing on producing compact laminates having melamine resin impregnated core. In August 2020, Kronoplus Limited provided compact laminates with a melamine resin surface, which have been tested in accordance with the internationally recognized ISO 22196:2011. This standard evaluates the antibacterial activities of plastics as well as other non-porous surfaces, measuring the level of reduction of bacteria over a 24-hour period along with measuring the effectiveness of the antibacterial properties on the surface. The test performed on the Kronoplus products including compact laminates has classified them as antibacterial, with a strong reduction value. The compact laminate made from melamine resin surface is inherently hygienic and can be disinfected, which is because of the density of its surface and ease of cleaning. The antibacterial protection on compact laminates delays the growth of up to 99.9% of the most frequent bacteria. Also, EGGER Group has produced compact laminates, which are made of melamine-resin-impregnated core papers and are used in tabletops and worktops, shop fittings, as well as individual furniture with special design requirements. Additionally, it has an antibacterial surface property, which is in accordance with ISO 22196. Thus, these innovative products are providing various growth opportunities in the compact laminate market.

Europe has reported a huge number of COVID-19 positive cases, especially in Russia, which led to the discontinuation of compact laminate manufacturing activities. The downfall of other chemical and materials manufacturing sectors negatively impacted the demand for compact laminates during the early months of 2020. Moreover, the decline in the overall interior and outdoor designing activities has led to discontinuation of compact laminate manufacturing projects. A similar trend was witnessed in other Europe countries, i.e., France, the UK, Spain, Italy, Germany, and Poland. However, the countries are likely to overcome this drop with the economic activities regaining their pace in 2021.

Europe Compact Laminate Strategic Insights

Strategic insights for the Europe Compact Laminate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Compact Laminate Report Scope

Europe Compact Laminate Regional Insights

The geographic scope of the Europe Compact Laminate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Overview and Dynamics

The compact laminate market in Europe is expected to grow from US$ 784.70 million in 2021 to US$ 971.62 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. An increasing trend of renovating the existing buildings in Europe is providing various growth opportunities for the compact laminate market. In 2020, the European Commission provided the EU's "renovation wave", which is aimed at doubling the renovation rate of existing buildings in the next 10 years, while improving energy efficiency across to reduce associated emissions. The European Commission is planning to renovate more than 35 million buildings over the next ten years which is going to create a lot of opportunities for the compact laminate market to be used in such remodeling and renovation activities. Along with this, the presence of various manufacturing companies such as EGGER Group, Kronoplus Limited, and Greenlam Industries Limited will drive the demand for the compact laminate market by providing innovative products to the consumers. Kronoplus Limited is manufacturing antibacterial compact laminates, which delay the growth of bacteria. Thus, such innovations will provide growth opportunities for the compact laminate market in Europe.

Key Market Segments

Based on product, the interior wall cladding segment accounted for the largest share of the Europe compact laminate market in 2020. Based on application, the commercial segment accounted for the largest share of the Europe compact laminate market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe compact laminate market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include EGGER Group; Greenlam Industries Ltd.; Wilsonart LLC; Merino Laminates Ltd.; Swiss Krono Group; Trespa International B.V.; Lamitech Inc.; Kronoplus Limited; and Royal Crown.

Reasons to buy report

• To understand the Europe compact laminate market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe compact laminate market
• Efficiently plan M&A and partnership deals in Europe compact laminate market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe compact laminate market
• Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.

Europe Compact Laminate Market Segmentation

Europe Compact Laminate Market -B

y Product

• External Wall Cladding
• Internal Wall Cladding
• Standard Compact
• Others

Europe Compact Laminate Market -By Application

• Residential
• Commercial
• Industrial

Europe Compact Laminate Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Compact Laminate Market – Company Profiles

• EGGER Group
• Greenlam Industries Ltd.
• Swiss Krono Group
• Trespa International B.V.
• Lamitech Inc.
• Kronoplus Limited
• Merino Laminates Ltd.
• Royal Crown
• Wilsonart LLC