DECORATIVE PANELS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Decorative Panels Market is estimated to be valued at USD 25.67 bn in 2024 and is expected to reach USD 112.34 bn by 2031, growing at a compound annual growth rate (CAGR) of 23.5% from 2024 to 2031.

The decorative panels market has been growing substantially in the recent years. Decorative panels are interior design materials used widely across residential and commercial spaces for aesthetic as well as functional purposes. Various types of decorative panels available in the market include hardboards, particleboards, molding, and fiberboards among others. Rising consumer spending on home décor and improved lifestyle has been a key factor contributing to the growth of the decorative panels market globally. Further, the revival of construction activities particularly in developing economies has augmented the demand for decorative surfaces in different applications. However, volatility in raw material prices remains a concern for market players. But ongoing product innovation towards design and texture enhancement is expected to unlock new opportunities for greater market penetration in the coming years.

Market Dynamics

The global decorative panels market has been witnessing significant growth driven by improving economic conditions and rising consumer spending on home décor worldwide. Furthermore, the resurgence of construction activities in developing nations such as India, Brazil, and Indonesia among others has boosted the demand for decorative panels from applications such as flooring, furniture and cabinetry. However, volatile prices of raw materials including wood, plastic and paper pose a major challenge to stable profit margins. On the positive side, ongoing product innovation particularly in terms of embossing, laminating and coating techniques used for enhancing aesthetics and functionality provides huge opportunity for market expansion. Additional focus on eco-friendly raw material sourcing and sustainability initiatives are also gaining prominence in the industry.

Key features of the study:

- This report provides in-depth analysis of the global decorative panels market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.

- It profiles key players in the global decorative panels market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.

- Key companies covered as a part of this study include  Nord Compensati, World Panel Products, Directeck, Van Stijn Rijnwoude, Kuiper Dutch Marine Panels, BELLOTTI, King Plastic, Compensati Toro, Egger Group, Swiss Krono Group, Arauco, Duratex, Masisa, and Finsa.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.

- The global decorative panels market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global decorative panels market.

Market Segmentation

• Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Laminate
  • Cellulose Fiber
  • Natural Fiber
  • Bamboo
  • Others
• Application Insights (Revenue, USD Bn, 2019 - 2031)
• • Residential
  • Commercial
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Nord Compensati
  • World Panel Products
  • Directeck
  • Van Stijn Rijnwoude
  • Kuiper Dutch Marine Panels
  • BELLOTTI
  • King Plastic
  • Compensati Toro
  • Egger Group
  • Swiss Krono Group
  • Arauco
  • Duratex
  • Masisa
  • Finsa