High Pressure Laminate (HPL) Market (Updated Version Available)

Key Market Overview:

The High Pressure Laminate (HPL) Market was valued at USD 7289.768 Million in 2022, registering a CAGR of 4.60% during the forecast period (2022-2030), and the market is projected to be worth USD 10267.43 Million by 2030.

High pressure laminate (HPL) is a decorative surface material which is durable with special performance in case of fire and chemicals. Manufacturing of high pressure laminate (HPL) involves use of kraft paper saturated with phenolic resins, decorative paper soaked with melamine resins and printed decors protected with durable coverings. Kraft paper and phenolic resins are blended together under high temperature (149°C) and pressure (above 1000 pounds per square inch) to form a robust waterproof surface. HPL are wood grains and abstracts with multiple solid colors, style, and texture. HPL is most used for vertical and horizontal surface which are used as decorative surfaces. HPL is fire and chemical resistant, which bear the weight of high-pressure objects and is resistant to scratch, abrasion, humidity, water, and moisture. HPL is easy to clean and maintain providing modern and stylish appearance.

Double belt press (DBP) is the advanced development in the HPL technology which is used to produce continuous press laminate (CPL) which is a decorative surface having similar standard properties to high pressure laminate (HPL).

Furthermore, expansion of furniture and cabinet industry fuel the demand of high pressure decorative laminate. Additionally, high pressure decorative laminate provides advantageous features. Thus, laminate manufacturers are developing advanced strategies for decorative laminate. For instance, in August 2021, Century laminates, a part of Century Plyboards Ltd., launched a new range of gloss laminate.

High Pressure Laminate (HPL) Market Scope:-

Report Attributes	Report Details
Study Timeline	2016-2030
Market Size in 2030 (USD Billion)	10267.43 million
CAGR (2022-2030)	4.60 %
Base Year	2021
By Product Type	Horizontal HPL, Vertical HPL, and Others
By Width Type	Up to 760mm, 760mm to 1000mm, 1000mm to 1600mm, and above 1600mm
By Application	Residential, Commercial, and Industrial
By Geography	Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]
Key Players	Formica, Greenlam Industries Ltd, Merinolaminates, Stylam Industries limited, Pfleiderer, Wilsonart LLC, OMNOVA Solutions Inc, Abet Laminati SpA, Panolam Industries, Fundermax, ASD Laminat, Guangzhou G&P, Royal Crown Laminates, Zhenghang Decorative Materials Co., Ltd.

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Market Dynamics:

Driver:

Multiple designs & style trends, with global accessibility of HPL is driving the market.

Multiple designs and style trends, with global accessibility of HPL has augmented the growth of high pressure laminate market.
High pressure laminate is versatile surfacing solution and most preferred material for interior design industry. New patterns, style, and multiple colors of high pressure laminate (HPL) is trending in the market. For instance, cabinets and furniture was the biggest market for laminates in the year 2012 accounting 60% of total demand.

The products should have longer durability and usability. Many companies are focusing on manufacturing of high pressure laminate (HPL) where solid colors and multiple patterns coordinate with each other to produce attractive and better end product.

Restraint:

Growing competition among manufacturers and development of alternatives to HPL is limiting the growth of high pressure laminate market.

Growing competition among manufacturers and development of alternatives to HPL is limiting the growth of high pressure laminate market.
Melamine low pressure laminate (LPL) is a prefinished board with single melamine sheet bonded to wooden craft. Melamine (LPL) is scratch and crack resistant available in multiple colors and textures. Melamine faced clipboards (MFC) is a wood product used as furniture décor. Medium density fiberboards (MDF) are a surfacing material made up of wood waste with smooth texture. Veneer laminate is a wooden sheet with solid backing used for elegant appearance. Thus, development of alternatives to HPL is hampering the growth of high pressure laminate market.

High Pressure Laminate (HPL) Market Segmentation:



By Product Type

The product type segment is distributed into Horizontal HPL, Vertical HPL, and Others.
The product type segment is anticipated to contribute the largest revenue share
Horizontal HPL demonstrated major market share for high pressure laminate market due to its special performance properties including fire and chemical resistant and wide application in cabinetry, furniture, and flooring.

Vertical HPL witness rapid growth of high pressure laminate market owing to its usage in wall treatment and furniture for commercial and residential purpose. Vertical HPL creates more spacious impression and provide elegant appearance.

By Width Type

The width type segment is classified into width range of up to 760mm, 760mm to 1000mm, 1000mm to 1600mm, and above 1600mm.
Width range of up to 760mm captured major share of high pressure laminate market. Range of thickness up to 760mm is considered as typical range. HPL with width range up to 760mm is available in horizontal HPL and vertical HPL.

HPL with width range of 760mm to 1000mm anticipated fastest growth of high pressure laminate market owing to its property of being heat and chemical resistant. HPL having thickness of around 1000mm is converted into curved edges by application of heat. HPL with width range 760mm to 1000mm is used for decorative purpose and matte finishing.

By Application

The application segment is categorized into Residential, Commercial, and Industrial.
Residential segment demonstrated major market share for high pressure laminate market owing to its multiple uses such as for kitchen cabinets, dining room, horizontal and vertical area of living room, countertops, family room and restroom.

Commercial segment witness rapid growth of high pressure laminate market due to its rising demand for hospitals, hotels, airports, work cabinet, interior walls, countertops, panels, computer centers, restaurants, and retail shops. HPL is easy to clean and maintain thus, it is used for hygienic and clean floors as well as countertops.

By Region

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In 2021, North America region is considered to contribute the largest revenue share due to presence of major key manufacturers and rising application of decorative laminates.



Asia Pacific region anticipated rapid growth of high pressure laminate market owing to high expenditure on home interior. India and China are rapidly growing in HPL market due to high demand of decorative laminates and increase in per capita income due to increasing population and expansion of economy.

High Pressure Laminate (HPL) Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global High Pressure Laminate (HPL) Market. Key players in the market include-

• Formica â€\" USA
• Greenlam Industries Ltd â€\" India
• Merinolaminates â€\" India
• Stylam Industries limited â€\" India
• Pfleiderer â€\" Germany
• Wilsonart LLC â€\" USA
• OMNOVA Solutions Inc â€\" USA
• Abet Laminati SpA â€\" Italy
• Panolam Industries â€\" USA
• Fundermax â€\" Austria
• ASD Laminat â€\" Turkey
• Guangzhou G&P â€\" China
• Royal Crown Laminates â€\" India
• Zhenghang Decorative Materials Co., Ltd. â€\" China