Decorative laminates market seen reaching $10 billion by 2031

By AI, Created 12:51 PM UTC, June 02, 2026, /AGP/ – Allied Market Research says the global decorative laminates market is on track to grow from $7.0 billion in 2021 to $10.0 billion by 2031, driven by housing demand, furniture growth and emerging-market expansion. Asia-Pacific led the market in 2021, while low-pressure laminates and commercial uses are projected to grow fastest.

Why it matters: - The decorative laminates market is tied to residential construction, furniture demand and remodeling activity, so its growth signals broader demand in interior and building materials. - Allied Market Research projects the market will add $3.0 billion in value by 2031, suggesting steady, long-term expansion rather than a sharp short-term surge. - The forecast points to faster growth in low-pressure laminates and commercial end use, which could shift investment toward those segments.

What happened: - Allied Market Research estimated the global decorative laminates market at $7.0 billion in 2021 and expects it to reach $10.0 billion by 2031. - The report pegs the market at a 3.4% CAGR from 2022 to 2031. - The report covers product type, application, end use and region. - The market outlook was published June 2, 2026.

The details: - Rising global population and the trend toward nuclear families have increased demand for residential infrastructure. - Expansion of the furniture and cabinets industry has also supported market growth. - Emerging economies are creating additional growth opportunities. - High-pressure laminates held more than three-fourths of the market in 2021 and are expected to remain the leading product type by 2031. - Low-pressure laminates are projected to post the fastest CAGR at 3.7% through the forecast period. - The residential segment accounted for nearly four-fifths of market revenue in 2021 and is expected to lead through 2031. - The commercial segment is projected to grow the fastest, with a 3.8% CAGR. - Asia-Pacific held more than two-fifths of the global market in 2021. - LAMEA is projected to be the fastest-growing region, with a 4.2% CAGR. - The report also analyzes Europe and North America. - Key companies listed in the report include Abet Laminati S.p.A., Archidply, Wilsonart LLC, Fletcher Building, Greenlam Industries Limited, Broadview Holding, Panolam Industries International, Inc., Stylam Industries Ltd., Synthomer Plc. and Merino Industries Limited. - Allied Market Research offers a sample PDF for the report.

Between the lines: - The market’s center of gravity remains residential, but the faster growth rates in commercial use and low-pressure laminates suggest product mix changes over time. - Asia-Pacific’s current lead and LAMEA’s faster growth point to demand broadening beyond mature markets. - The brief COVID-19 note shows the market faced a manufacturing and remodeling slowdown, but the report expects a recovery.

What’s next: - The forecast period runs through 2031, when Allied Market Research expects the market to reach $10.0 billion. - The strongest growth pockets appear to be low-pressure laminates, commercial applications and LAMEA. - Investors and manufacturers are likely to focus on regional expansion and product segments tied to housing and furniture demand.

The bottom line: - Decorative laminates remain a steady-growth market, with housing demand and furniture production keeping the sector on a multi-year upward path.