Gcc Decorative Laminates Market
GCC Decorative Laminates Market, By Product Type (High Pressure Laminates, Low Pressure Laminates); By Texture (Matte/Suede, Glossy); By Pricing (Mass, Premium); By Sector (Organized, Unorganized); By Application (Furniture & Cabinets, Flooring, Wall Panels, Others); By End Use (Non-Residential, Residential, Transportation); By Country (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: September 2023
- Report ID: BWC23713
- Available Format: PDF
- Page: 400
Report Overview
Increasing demand for decorative laminates in the construction sector and rise in demand for residential infrastructure are expected to boost the growth of GCC Decorative Laminates market during the forecast period between 2023 and 2029.
GCC Decorative Laminates Market - Industry Trends & Forecast Report, 2029
GCC decorative laminates market size was estimated to be worth USD 203.3 million in 2022. During the forecast period between 2023 and 2029, the GCC decorative laminates market size is projected to grow at a CAGR of 4.23%, reaching a value of USD 260.64 million by 2029. Major growth factors for the GCC decorative laminates market include the growing number of infrastructure development plans, including hotels, shopping centers, conference centers, and airports. In addition, customers are moving away from traditional veneers, paints, and coatings in favor of decorative laminates as a result of the expansion of numerous contemporary housing and commercial infrastructure projects throughout the GCC countries, which is anticipated to drive market growth during the forecast period.
GCC Decorative Laminates Market – Overview
Decorative laminates are surfaces that have been specially decorated Kraft paper placed between them to create appealing surfaces. Decorative laminates are long-lasting because they include stain- and damage-resistant elements in their structure. The durability of ornamental laminates is further increased by additional qualities like resistance to stains and damage. The majority of applications for these decorative laminates include tabletops, wall paneling, furniture, flooring, and walls. Laminates are employed as ornamental surfaces to improve overall durability and visual appeal.
GCC Decorative Laminates Market
Growth Drivers
Rise in Demand for Residential Infrastructure
The real estate industry of the GCC countries is witnessing substantial growth owing to the rising population and increasing disposable income of the residents. The demand for apartments, villas, land houses, and condominiums is going strong, particularly in Saudi Arabia and UAE. Cities in the United Arab Emirates (UAE) and in Saudi Arabia and places in neighboring nations, such as Kuwait, Qatar, Bahrain, and Oman, have all seen an increase in the number of high-end homes from the world's elite. As a result, the real estate industry is attracting significant investments from the private players and the construction of residential complexes is bolstering, which is anticipated to drive the market demand for decorative laminates during the forecast period.
Restraints
High Cost of Decorative Laminates
Laminates are available in countless colors, designs, and thicknesses. Pre-Attached Underlay, Glueless Click, and other factors directly affect the pricing. The use for which a laminate is installed determines how much it costs. Cabinets with an acrylic finish are more expensive than laminate cabinets because of factors including ease of upkeep, cleanliness, and overall appearance. As a result, the GCC decorative laminates market's expansion is significantly constrained.
Impact of COVID-19 on GCC Decorative Laminates Market
The unprecedented COVID-19 pandemic considerably limited the growth of the GCC decorative laminates market. Global production procedures, trade, and supply networks for minerals and chemicals have all been significantly impacted by the COVID-19 pandemic. As a result of the COVID-19 pandemic, manufacturers of decorative high-pressure laminates had to shut down their plants or operate them at subpar production levels in order to prevent the coronavirus from spreading. In addition, a temporary suspension of construction activities owing to a labor shortage significantly reduced market demand for decorative laminates.
GCC Decorative Laminates Market
Segmental Coverage
GCC Decorative Laminates Market – By Product Type
Based on product type, the GCC decorative laminates market is segmented into high-pressure laminates and low-pressure laminates. High-pressure laminates hold a larger share of the GCC decorative laminates market. This is because of its superior scratch and impact resistance, which provides consumers with outstanding aesthetically pleasing interior design alternatives. Therefore, they are frequently utilized in the wall paneling of homes.
GCC Decorative Laminates Market – By Texture
Based on texture, the GCC decorative laminates market is split into matte/suede and glossy. Matte/suede laminates hold a larger share of the market. Scratches are less prominent and noticeable to the human eye because of the subdued look in matte laminates. As they disperse light-hitting surfaces, matte or flat finishes give rooms a rich appearance. Since there is no light reflection, the color also seems smoother because of greater color constancy, which is making matte decorative laminates a popular choice among consumers.
GCC Decorative Laminates Market – By Pricing
Based on pricing, the GCC decorative laminates market is bifurcated into mass and premium segments. The mass pricing segment dominates the GCC decorative laminates market.
GCC Decorative Laminates Market – By Sector
Based on sector, the GCC decorative laminates market is segmented into organized and unorganized. The organized sector accounts for a higher market share. The unorganized sector's difficulty in obtaining raw materials has caused a disturbance in their market supply schedule, which has forced dealers to resort to the organized sector. Organized laminate brands and players are aiming to increase their production capacity this year as they try to improve the prospects for their laminate companies.
GCC Decorative Laminates Market – By Application
Based on application, the GCC decorative laminates market is segmented into furniture & cabinets, flooring, wall panels, and others. Wall panels hold the largest share of the GCC decorative laminates market. Decorative laminates as wall panels provide better aesthetics along with higher strength and protection for the housing elements. Furniture and cabinets also cover a notable market share as decorative laminates elevate the visual appeal of the furniture, making it scratch, stain, and heat resistant.
GCC Decorative Laminates Market – By End User
Based on end users, the GCC decorative laminates market is segmented into non-residential, residential, and transportation. The non-residential segment accounts for the highest share of the market. The growth of this segment is attributed to the rising construction of commercial facilities, including offices, and hotels, and the setting up of new factories for economic diversification plans in these GCC countries. However, the residential segment is also growing at a substantial rate owing to the increasing disposable income of consumers and rising housing demand due to an expanding population.
GCC Decorative Laminates Market – By Country
The GCC decorative laminates market covers six GCC counties: Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman. Saudi Arabia dominates the GCC decorative laminates market owing to several construction projects in the country as a part of KSA’s Vision 2030. Projects including Riyadh Metro and Qiddiya, an entertainment development project, are anticipated to directly influence the demand for decorative laminates in the country.
Competitive Landscape
Major players operating in the GCC decorative laminates market include ATI Decorative Laminates, Fletcher Building Limited, Aica Kogyo Co., Ltd., OMNOVA Solutions Inc., Greenlam Industries Limited, Wilsonart International, Inc., Formica Corporation, Swiss Krono Group, Nichiha Corporation, Kronospan Group, and EGGER Group.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period– 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman |
Product/ Service Segmentation |
Product Type, Texture, Pricing, Sector, Application, End Use, Country |
Key Players |
ATI Decorative Laminates, Fletcher Building Limited, Aica Kogyo Co., Ltd., OMNOVA Solutions Inc., Greenlam Industries Limited, Wilsonart International, Inc., Formica Corporation, Swiss Krono Group, Nichiha Corporation, Kronospan Group, EGGER Group |
By Product Type
-
High Pressure Laminates
-
Low Pressure Laminates
By Texture
-
Matte/Suede
-
Glossy
By Pricing
-
Mass
-
Premium
By Sector
-
Organized
-
Unorganized
By Application
-
Furniture & Cabinets
-
Flooring
-
Wall Panels
-
Others
By End Use
-
Non-Residential
-
Residential
-
Transportation
By Country
-
Saudi Arabia
-
UAE
-
Qatar
-
Bahrain
-
Kuwait
-
Oman
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- GCC Decorative Laminates Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing Demand for Decorative Laminates in the Construction Sector
- Rise in Demand for Residential Infrastructure
- Restraints
- High Cost of Raw Materials
- Competition from Other Materials
- Opportunities
- Increasing Inclination toward Aesthetically Appealing Home Interiors and Corporate Spaces
- Expansion of Tourism Industry
- Challenges
- Compliance with Regulations
- Labor Shortage
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- GCC Decorative Laminates Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share and Forecast
- By Product Type
- High Pressure Laminates
- Low Pressure Laminates
- By Texture
- Matte/Suede
- Glossy
- By Pricing
- Mass
- Premium
- By Sector
- Organized
- Unorganized
- By Application
- Furniture & Cabinets
- Flooring
- Wall Panels
- Others
- By End Use
- Non-Residential
- Residential
- Transportation
- By Country
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
- By Product Type
- Market Size & Forecast, 2019–2029
- Saudi Arabia Decorative Laminates Market
- Market Size & Forecast, 2019–2029
- Market Share & Forecast
- By Product Type
- By Texture
- By Pricing
- By Sector
- By Application
- By End Use
- UAE Decorative Laminates Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product Type
- By Texture
- By Pricing
- By Sector
- By Application
- By End Use
- Market Size & Forecast, 2019–2029
- Qatar Decorative Laminates Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product Type
- By Texture
- By Pricing
- By Sector
- By Application
- By End Use
- Market Size & Forecast, 2019–2029
- Bahrain Decorative Laminates Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product Type
- By Texture
- By Pricing
- By Sector
- By Application
- By End Use
- Market Size & Forecast, 2019–2029
- Kuwait Decorative Laminates Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product Type
- By Texture
- By Pricing
- By Sector
- By Application
- By End Use
- Market Size & Forecast, 2019–2029
- Oman Decorative Laminates Market
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product Type
- By Texture
- By Pricing
- By Sector
- By Application
- By End Use
- Competitive Landscape
- List of Key Players and Their Offerings
- GCC Decorative Laminates Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on GCC Decorative Laminates Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- ATI Decorative Laminates
- Fletcher Building Limited
- Aica Kogyo Co., Ltd.
- OMNOVA Solutions Inc.
- Greenlam Industries Limited
- Wilsonart International, Inc.
- Formica Corporation
- Swiss Krono Group
- Nichiha Corporation
- Kronospan Group
- EGGER Group
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
Figure 1 GCC Decorative Laminates Segmentation
Figure 2 GCC Decorative Laminates Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 GCC Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Figure 5 GCC Decorative Laminates Market Share, By Product Type, By Value, 2019–2029
Figure 6 GCC Decorative Laminates Market Share, By Texture, By Value, 2019–2029
Figure 7 GCC Decorative Laminates Market Share, By Pricing, By Value, 2019–2029
Figure 8 GCC Decorative Laminates Market Share, By Sector, By Value, 2019–2029
Figure 9 GCC Decorative Laminates Market Share, By Application, By Value, 2019–2029
Figure 10 GCC Decorative Laminates Market Share, By End Use, By Value, 2019–2029
Figure 11 GCC Decorative Laminates Market Share, By Country, By Value, 2019–2029
Figure 12 Saudi Arabia Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Figure 13 Saudi Arabia Decorative Laminates Market Share, By Product Type, By Value, 2019–2029
Figure 14 Saudi Arabia Decorative Laminates Market Share, By Texture, By Value, 2019–2029
Figure 15 Saudi Arabia Decorative Laminates Market Share, By Pricing, By Value, 2019–2029
Figure 16 Saudi Arabia Decorative Laminates Market Share, By Sector, By Value, 2019–2029
Figure 17 Saudi Arabia Decorative Laminates Market Share, By Application, By Value, 2019–2029
Figure 18 Saudi Arabia Decorative Laminates Market Share, By End Use, By Value, 2019–2029
Figure 19 UAE Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Figure 20 UAE Decorative Laminates Market Share, By Product Type, By Value, 2019–2029
Figure 21 UAE Decorative Laminates Market Share, By Texture, By Value, 2019–2029
Figure 22 UAE Decorative Laminates Market Share, By Pricing, By Value, 2019–2029
Figure 23 UAE Decorative Laminates Market Share, By Sector, By Value, 2019–2029
Figure 24 UAE Decorative Laminates Market Share, By Application, By Value, 2019–2029
Figure 25 UAE Decorative Laminates Market Share, By End Use, By Value, 2019–2029
Figure 26 Qatar Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Figure 27 Qatar Decorative Laminates Market Share, By Product Type, By Value, 2019–2029
Figure 28 Qatar Decorative Laminates Market Share, By Texture, By Value, 2019–2029
Figure 29 Qatar Decorative Laminates Market Share, By Pricing, By Value, 2019–2029
Figure 30 Qatar Decorative Laminates Market Share, By Sector, By Value, 2019–2029
Figure 31 Qatar Decorative Laminates Market Share, By Application, By Value, 2019–2029
Figure 32 Qatar Decorative Laminates Market Share, By End Use, By Value, 2019–2029
Figure 33 Bahrain Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Figure 34 Bahrain Decorative Laminates Market Share, By Product Type, By Value, 2019–2029
Figure 35 Bahrain Decorative Laminates Market Share, By Texture, By Value, 2019–2029
Figure 36 Bahrain Decorative Laminates Market Share, By Pricing, By Value, 2019–2029
Figure 37 Bahrain Decorative Laminates Market Share, By Sector, By Value, 2019–2029
Figure 38 Bahrain Decorative Laminates Market Share, By Application, By Value, 2019–2029
Figure 39 Bahrain Decorative Laminates Market Share, By End Use, By Value, 2019–2029
Figure 40 Kuwait Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Figure 41 Kuwait Decorative Laminates Market Share, By Product Type, By Value, 2019–2029
Figure 42 Kuwait Decorative Laminates Market Share, By Texture, By Value, 2019–2029
Figure 43 Kuwait Decorative Laminates Market Share, By Pricing, By Value, 2019–2029
Figure 44 Kuwait Decorative Laminates Market Share, By Sector, By Value, 2019–2029
Figure 45 Kuwait Decorative Laminates Market Share, By Application, By Value, 2019–2029
Figure 46 Kuwait Decorative Laminates Market Share, By End Use, By Value, 2019–2029
Figure 47 Oman Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Figure 48 Oman Decorative Laminates Market Share, By Product Type, By Value, 2019–2029
Figure 49 Oman Decorative Laminates Market Share, By Texture, By Value, 2019–2029
Figure 50 Oman Decorative Laminates Market Share, By Pricing, By Value, 2019–2029
Figure 51 Oman Decorative Laminates Market Share, By Sector, By Value, 2019–2029
Figure 52 Oman Decorative Laminates Market Share, By Application, By Value, 2019–2029
Figure 53 Oman Decorative Laminates Market Share, By End Use, By Value, 2019–2029
List of Tables
Table 1 GCC Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Table 2 GCC Decorative Laminates Market Size, By Product Type, By Value, 2019–2029
Table 3 GCC Decorative Laminates Market Size, By Texture, By Value, 2019–2029
Table 4 GCC Decorative Laminates Market Size, By Pricing, By Value, 2019–2029
Table 5 GCC Decorative Laminates Market Size, By Sector, By Value, 2019–2029
Table 6 GCC Decorative Laminates Market Size, By Application, By Value, 2019–2029
Table 7 GCC Decorative Laminates Market Size, By End Use, By Value, 2019–2029
Table 8 GCC Decorative Laminates Market Size, By Country, By Value, 2019–2029
Table 9 Saudi Arabia Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Table 10 Saudi Arabia Decorative Laminates Market Size, By Product Type, By Value, 2019–2029
Table 11 Saudi Arabia Decorative Laminates Market Size, By Texture, By Value, 2019–2029
Table 12 Saudi Arabia Decorative Laminates Market Size, By Pricing, By Value, 2019–2029
Table 13 Saudi Arabia Decorative Laminates Market Size, By Sector, By Value, 2019–2029
Table 14 Saudi Arabia Decorative Laminates Market Size, By Application, By Value, 2019–2029
Table 15 Saudi Arabia Decorative Laminates Market Size, By End Use, By Value, 2019–2029
Table 16 UAE Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Table 17 UAE Decorative Laminates Market Size, By Product Type, By Value, 2019–2029
Table 18 UAE Decorative Laminates Market Size, By Texture, By Value, 2019–2029
Table 19 UAE Decorative Laminates Market Size, By Pricing, By Value, 2019–2029
Table 20 UAE Decorative Laminates Market Size, By Sector, By Value, 2019–2029
Table 21 UAE Decorative Laminates Market Size, By Application, By Value, 2019–2029
Table 22 UAE Decorative Laminates Market Size, By End Use, By Value, 2019–2029
Table 23 Qatar Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Table 24 Qatar Decorative Laminates Market Size, By Product Type, By Value, 2019–2029
Table 25 Qatar Decorative Laminates Market Size, By Texture, By Value, 2019–2029
Table 26 Qatar Decorative Laminates Market Size, By Pricing, By Value, 2019–2029
Table 27 Qatar Decorative Laminates Market Size, By Sector, By Value, 2019–2029
Table 28 Qatar Decorative Laminates Market Size, By Application, By Value, 2019–2029
Table 29 Qatar Decorative Laminates Market Size, By End Use, By Value, 2019–2029
Table 30 Bahrain Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Table 31 Bahrain Decorative Laminates Market Size, By Product Type, By Value, 2019–2029
Table 32 Bahrain Decorative Laminates Market Size, By Texture, By Value, 2019–2029
Table 33 Bahrain Decorative Laminates Market Size, By Pricing, By Value, 2019–2029
Table 34 Bahrain Decorative Laminates Market Size, By Sector, By Value, 2019–2029
Table 35 Bahrain Decorative Laminates Market Size, By Application, By Value, 2019–2029
Table 36 Bahrain Decorative Laminates Market Size, By End Use, By Value, 2019–2029
Table 37 Kuwait Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Table 38 Kuwait Decorative Laminates Market Size, By Product Type, By Value, 2019–2029
Table 39 Kuwait Decorative Laminates Market Size, By Texture, By Value, 2019–2029
Table 40 Kuwait Decorative Laminates Market Size, By Pricing, By Value, 2019–2029
Table 41 Kuwait Decorative Laminates Market Size, By Sector, By Value, 2019–2029
Table 42 Kuwait Decorative Laminates Market Size, By Application, By Value, 2019–2029
Table 43 Kuwait Decorative Laminates Market Size, By End Use, By Value, 2019–2029
Table 44 Oman Decorative Laminates Market Size, By Value (USD Million), 2019–2029
Table 45 Oman Decorative Laminates Market Size, By Product Type, By Value, 2019–2029
Table 46 Oman Decorative Laminates Market Size, By Texture, By Value, 2019–2029
Table 47 Oman Decorative Laminates Market Size, By Pricing, By Value, 2019–2029
Table 48 Oman Decorative Laminates Market Size, By Sector, By Value, 2019–2029
Table 49 Oman Decorative Laminates Market Size, By Application, By Value, 2019–2029
Table 50 Oman Decorative Laminates Market Size, By End Use, By Value, 2019–2029
Table 51 ATI Decorative Laminates Company Overview
Table 52 ATI Decorative Laminates Financial Overview
Table 53 Fletcher Building Limited Company Overview
Table 54 Fletcher Building Limited Financial Overview
Table 55 Aica Kogyo Co., Ltd. Company Overview
Table 56 Aica Kogyo Co., Ltd. Financial Overview
Table 57 OMNOVA Solutions Inc. Company Overview
Table 58 OMNOVA Solutions Inc. Financial Overview
Table 59 Greenlam Industries Limited Company Overview
Table 60 Greenlam Industries Limited Financial Overview
Table 61 Wilsonart International, Inc. Company Overview
Table 62 Wilsonart International, Inc. Financial Overview
Table 63 Formica Corporation Company Overview
Table 64 Formica Corporation Financial Overview
Table 65 Swiss Krono Group Company Overview
Table 66 Swiss Krono Group Financial Overview
Table 67 Nichiha Corporation Company Overview
Table 68 Nichiha Corporation Financial Overview
Table 69 Kronospan Group Company Overview
Table 70 Kronospan Group Financial Overview
Table 71 EGGER Group Company Overview
Table 72 EGGER Group Financial Overview
Market Segmentation
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