Laminate Flooring Market Development, Trends, Demand and Forecast till 2020-2025

The latest report by IMARC Group, titled “Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the global laminate flooring market size reached a volume of 975 Million Sq. Meters in 2019, registering a CAGR of 2% during 2012-2019. Laminate flooring refers to a durable and versatile flooring solution made of melamine resin and fiberboard materials. It is composed of four layers, namely wear layer, design layer, core layer and back layer, which are fused using intense heat and pressure. Nowadays, laminate flooring is available in a wide variety of colors and designs, which enhance its aesthetic appeal among users. As it resists staining, scratching, denting and fading, laminate flooring has gained preference as a flooring material over the years.

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