North America Compact Laminate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (External Wall Cladding, Internal Wall Cladding, Standard Compact, and Others) and Application (Residential, Commercial, and Industrial)
Market Introduction
The North America 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 compact laminate market are focusing on R&D to provide compact laminates. There has been a rising trend in compact laminate manufacturers to provide compact laminate having antibacterial properties. Due to the COVID-19 pandemic, companies are focusing on providing COVID-19 resistant laminates. For instance, in November 2020, Greenlam Industries introduced the first COVID-19 resistant laminates along with antifungal and antibacterial properties. The laminate has proven effective against SARS-COV-2 with 99% efficacy within 20 minutes. The manufacturers are focusing on producing best-in-class as well as health safe products to the consumers. The demand for antiviral products has encouraged laminate manufacturers to produce surfaces that will be safe to touch. Thus, focus on R&D to produce technologically superior quality surface is going to be one of the major trends in the compact laminate market.
North America has reported a huge number of COVID-19 cases, especially in the US, which led to the discontinuation of compact laminate manufacturing activities. The downfall of chemical and materials manufacturing industries negatively impacted the demand for compact laminate during the early months of 2020. Moreover, the decline in the overall interior and outdoor designing activities has led to the discontinuation of compact laminate manufacturing projects. A similar trend was witnessed in other North American countries, i.e., Mexico, Canada, and Cuba. However, the countries are likely to overcome this drop with the economic activities regaining their pace in 2021.
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Market Overview and Dynamics
The compact laminate market in North America is expected to grow from US$ 608.76 million in 2021 to US$ 777.52 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The increasing trend of interior design in homes and in residential buildings in North America is driving the growth of the compact laminate market. The interior design in North America is following a simple and minimalistic trend. Most of the interior decoration trends in North America will help provide a natural and warm vibe to the building. The improved standard of living among the consumers along with an increasing trend of interior design in the households as well as residential buildings in North America has driven the demand for compact laminates as it is used to create stylish wall panels with the use of deigns, which includes high gloss sheets, patterned laminates, and realistic-looking laminate wood. The design element of compact laminates will provide warmth and a unique feel which makes it a convenient solution for the interior design trend prevailing in North America. The construction industry in North America has been on a rise and there is an increase in the number of housing units, which is due to the low borrowing cost as well as wage growth. The ongoing infrastructural projects along with smart city projects are driving the construction industry. As the construction industry is rising, the demand for compact laminates is also increasing as these are used for external as well as internal cladding of residential and commercial buildings. The compact laminates in the construction industry are mainly used for external protection from extreme weather conditions along with providing an aesthetic look to the building, Thus, a rise in the construction industry will increase the demand for compact laminates in North America.
Key Market Segments
Based on product, the interior wall cladding segment accounted for the largest share of the North America compact laminate market in 2020. Based on application, the commercial segment accounted for the largest share of the North America 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 North America 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 Aica Kogyo Co., Ltd.; 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 North America 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 North America compact laminate market
- Efficiently plan M&A and partnership deals in North America 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 North America compact laminate market
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Compact Laminate Market Segmentation
North America Compact Laminate Market -By Product
- External Wall Cladding
- Internal Wall Cladding
- Standard Compact
- Others
North America Compact Laminate Market -By Application
- Residential
- Commercial
- Industrial
North America Compact Laminate Market – By Country
- US
- Canada
- Mexico
North America Compact Laminate Market – Company Profiles
- Aica Kogyo Co. Ltd.
- EGGER Group
- Greenlam Industries Ltd.
- Swiss Krono Group
- Trespa International B.V.
- Lamitech Inc.
- Kronoplus Limited
- Merino Laminates Ltd.
- Royal Crown
- Wilsonart LLC
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. North America Compact Laminate Market Landscape
4.1 Market Overview
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Compact Laminates Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase Usage of Compact Laminate for Interior Design
5.1.2 Various Applications of Compact Laminate
5.2 Restraints
5.2.1 Fluctuating Prices of Raw Material
5.3 Opportunities
5.3.1 Innovations in Compact Laminate Market
5.4 Future Trends
5.4.1 Increasing Focus on Research & Development
5.5 Impact Analysis of Drivers and Restraint
6. Compact Laminate Market– North America Analysis
6.1 North America Market Overview
6.2 Compact Laminate Market –Revenue and Forecast To 2028 (US$ Million)
7. North America Compact Laminate Market Analysis – By Product
7.1 Overview
7.2 North America Compact Laminate Market Breakdown, by Product, 2020 & 2028
7.3 External Wall Cladding
7.3.1 Overview
7.3.2 External Wall Cladding: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Internal Wall Cladding
7.4.1 Overview
7.4.2 Internal Wall Cladding: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Standard Compact
7.5.1 Overview
7.5.2 Standard Compact: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Compact Laminate Market Analysis – By Application
8.1 Overview
8.2 North America Compact Laminate Market Breakdown, by Application, 2020 & 2028
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Compact Laminate Market – Country Analysis
9.1 North America: Compact Laminate Market
9.1.1 North America: Compact Laminate Market, by Key Country
9.1.1.1 US: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Compact Laminate Market, by Product
9.1.1.1.2 US: Compact Laminate Market, by Application
9.1.1.2 Canada: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Compact Laminate Market, by Product
9.1.1.2.2 Canada: Compact Laminate Market, by Application
9.1.1.3 Mexico: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Compact Laminate Market, by Product
9.1.1.3.2 Mexico: Compact Laminate Market, by Application
10. Overview – Impact of COVID-19 on North America Compact Laminate Market
10.1 Impact of COVID-19 on Compact Laminates Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product Launch
11.3 Merger & Acquisition
11.4 Business Expansion
12. Company Profiles
12.1 Aica Kogyo Co. Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 EGGER Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Greenlam Industries Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Swiss Krono Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Trespa International B.V.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Lamitech Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kronoplus Limited
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Merino Laminates Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Royal Crown
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Wilsonart LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. North America: Compact Laminate Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. US Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 3. US Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of Terms, Compact Laminate MarketLIST OF FIGURES
Figure 1. North America Compact Laminate Market Segmentation
Figure 2. North America Compact Laminate Market Segmentation – By Country
Figure 3. North America Compact Laminate Market Overview
Figure 4. Internal Wall Cladding Segment Held Largest Share of North America Compact Laminate Market
Figure 5. US Held Largest Share of North America Compact Laminate Market
Figure 6. North America Compact Laminate Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis
Figure 8. Compact Laminate Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. North America Compact Laminate Market Impact Analysis of Drivers and Restraints
Figure 11. North America: Compact Laminate Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. North America Compact Laminate Market Breakdown, by Product, 2020 & 2028
Figure 13. External Wall Cladding: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Internal Wall Cladding: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Standard Compact: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Compact Laminate Market Breakdown, by Application, 2020 & 2028
Figure 18. Residential: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Commercial: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Industrial: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Compact Laminate Market, by Key Country – Revenue (2020) (USD Million)
Figure 22. North America: Compact Laminate Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. US: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in North America- Aica Kogyo Co. Ltd.
- EGGER Group
- Greenlam Industries Ltd.
- Swiss Krono Group
- Trespa International B.V.
- Lamitech Inc.
- Kronoplus Limited
- Merino Laminates Ltd.
- Royal Crown
- Wilsonart LLC
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