South 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 South 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 are developing innovative products, which will fulfill the consumer requirements and will improve the overall consumer experience. The manufacturers in the market are focusing on producing compact laminates having melamine resin impregnated core. 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. 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.
South America reported a huge number of COVID-19 cases, especially Brazil, 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 South American countries, i.e., Argentina, Colombia, Peru, and Chile. However, the countries are likely to overcome this drop with the economic activities regaining their pace in 2021.
Get more information on this report :
Market Overview and Dynamics
The compact laminate market in South America is expected to grow from US$ 252.57 million in 2021 to US$ 294.45 million by 2028; it is estimated to grow at a CAGR of 2.2% from 2021 to 2028. Brazil is one of the leading countries in South America which is providing growth opportunities for the compact laminate market. The rising construction industry is expected to fuel the compact laminate market in the upcoming years. The residential and commercial sectors are yet another rapidly growing industries, which are expected to drive market growth in the future. Argentina is another important country that is contributing to the growth of the compact laminate market. The rising demands of compact laminates in the residential and commercial sectors are mainly driving the compact laminate market in Argentina. Compact laminates have a high upfront cost but their low installation and maintenance cost will reduce the overall construction costs, and improve efficiency, propelling the residential & commercial building constructors to embrace the compact laminates, thereby driving the compact laminates market in the country. As a developing country, the consumers in Argentina looking for long-term investment and products which are durable and long-lasting. Compact laminates provide such consumers with durability as well as lower maintenance cost that will attract the residential and commercial consumers in the country.
Key Market Segments
Based on product, the interior wall cladding segment accounted for the largest share of the South America compact laminate market in 2020. Based on application, the commercial segment accounted for the largest share of the South 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 South 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 EGGER Group; Greenlam Industries Ltd.; Wilsonart LLC; Merino Laminates Ltd.; Swiss Krono Group; Trespa International B.V. and Royal Crown.
Reasons to buy report
- To understand the South 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 South America compact laminate market
- Efficiently plan M&A and partnership deals in South 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 South America compact laminate market
- Obtain market revenue forecast for market by various segments from 2019-2028 in South America region.
South America Compact Laminate Market Segmentation
South America Compact Laminate Market -By Product
- External Wall Cladding
- Internal Wall Cladding
- Standard Compact
- Others
South America Compact Laminate Market -By Application
- Residential
- Commercial
- Industrial
South America Compact Laminate Market – By Country
- Brazil
- Argentina
- Rest of South America
South America Compact Laminate Market – Company Profiles
- EGGER Group
- Greenlam Industries Ltd.
- Swiss Krono Group
- Trespa International B.V.
- Merino Laminates Ltd.
- Royal Crown
- Wilsonart LLC
TABLE OF CONTENTS
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. South 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 Rise in the Usage of Compact Laminate for Interior Design
5.1.2 Wide Range of Applications of Compact Laminate
5.2 Restraints
5.2.1 Rapid Changes in Raw Material Prices
5.3 Opportunities
5.3.1 Technological Advancements in the Compact Laminate Market
5.4 Future Trends
5.4.1 Shift in the Focus Towards Research & Development
5.5 Impact Analysis of Drivers and Restraint
6. Compact Laminate Market– South America Analysis
6.1 South America Market Overview
6.2 Compact Laminate Market –Revenue and Forecast To 2028 (US$ Million)
7. South America Compact Laminate Market Analysis – By Product
7.1 Overview
7.2 South 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. South America Compact Laminate Market Analysis – By Application
8.1 Overview
8.2 South 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. Compact Laminate Market – Country Analysis
9.1 South America: Compact Laminate Market
9.1.1 South America: Compact Laminate Market, by Key Country
9.1.1.1 Brazil: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Compact Laminate Market, by Product
9.1.1.1.2 Brazil: Compact Laminate Market, by Application
9.1.1.2 Argentina: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Compact Laminate Market, by Product
9.1.1.2.2 Argentina: Compact Laminate Market, by Application
9.1.1.3 Rest of South America: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South America: Compact Laminate Market, by Product
9.1.1.3.2 Rest of South America: Compact Laminate Market, by Application
10. Overview – Impact of COVID-19 on South America Compact Laminate Market
10.1 Impact of COVID-19 on Compact Laminates Market
10.2 South and Central 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 EGGER Group
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 Greenlam Industries Ltd.
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 Swiss Krono Group
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 Trespa International B.V.
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 Merino Laminates Ltd.
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 Royal Crown
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 Wilsonart LLC
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. South America: Compact Laminate Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. Brazil Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Rest of South America Compact Laminate Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of South America Compact Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of Terms, Compact Laminate MarketLIST OF FIGURES
Figure 1. South America Compact Laminate Market Segmentation
Figure 2. South America Compact Laminate Market Segmentation – By Country
Figure 3. South America Compact Laminate Market Overview
Figure 4. Internal Wall Cladding Segment Held Largest Share of South America Compact Laminate Market
Figure 5. Rest of South America Held Largest Share of South America Compact Laminate Market
Figure 6. South 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. South America Compact Laminate Market Impact Analysis of Drivers and Restraints
Figure 11. South America: Compact Laminate Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. South 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. South 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. South America: Compact Laminate Market, by Key Country – Revenue (2020) (USD Million)
Figure 22. South America: Compact Laminate Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Brazil: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Argentina: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of South America: Compact Laminate Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in South and Central America- EGGER Group
- Greenlam Industries Ltd.
- Swiss Krono Group
- Trespa International B.V.
- Merino Laminates Ltd.
- Royal Crown
- Wilsonart LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America compact laminate market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America compact laminate market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America compact laminate market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution