Transparency Market Research (TMR) presents a new research report on the global wood and laminate flooring market; the report helps readers comprehend vital parameters that will mark the progression of the global wood and laminate flooring market during the 2015-2023 period. In this report, environmental conservation legislations that are applicable to wood and laminate products are also discussed; this adds to the credibility of the report for these considerations. Wood is sourced from forestry companies and government agencies that either have ownership or control activities on forest lands. Laminates are manufactured from thermosetting resins; these resins are cured using chemicals such as acetaldehyde.
The market for wood and laminate flooring is analyzed for North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa, for assessing the regional status of vital indicators such as market drivers, restraints, opportunities, and trends. The report is titled “Wood and Laminate Flooring Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023” and is available for sale on the company website.
Wood and laminate are important elements of building and construction undertakings. Across the world, the increasing demand for home improvement and new construction undertakings is the major reason for the ever-increasing demand for wood and laminate floorings. In addition, technological advancement for wood-cutting and polishing techniques has led to the development of high-quality products for high aesthetic and functional appeal. The newer products developed are suitable for do-it-yourself installations, which is why these floorings are gaining traction for residential applications.
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However, the difficult procurement process of raw materials and their price volatility can hamper the growth of this market. Wood is the major raw material needed in the manufacture of wood flooring, which is strictly in the purview of legislations for environment conservation and deforestation in wood-producing regions. In addition, increasing raw material costs have diminished profit margins, further restraining the market’s growth. Nevertheless, in countries such as Brazil, Russia, and South Africa, the growing fascination for aesthetically sound products will bring immense opportunities for the market’s development during the forecast period.
Asia Pacific is a significant market for the consumption of wood and laminate flooring; the region contributes a significant revenue to the global market. In this region, rapid expansion of the building and construction sector will hold promise for the wood and laminate flooring market. The increasing purchasing power and changing lifestyle of consumers in the region are influencing the market’s growth positively.
Fausfloor, Millstead, Wickes, Home Legend, and Pergo are some of the top companies in the global wood and laminate flooring market, says the report.
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