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Global Decorative Laminates Market Report 2021: Market Reached $38.3 Billion in 2020 - Forecast to 2026
April 22, 2021 07:38 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The global decorative laminates market reached a value of US$ 38.3 Billion in 2020. Looking forward, the market to exhibit moderate growth during the next five years.
Decorative laminates refer to specially designed laminated sheets that are used as furniture surface materials, flooring, or wall paneling. Generally, the laminates are manufactured by blending brown kraft papers with decorative printed patterns using heat and pressure.
Decorative laminates are preferred over veneers, paints, and coatings on account of their durability, cost-effectiveness, long shelf-life, and improved aesthetic value. Owing to this, they are majorly used for decorating and protecting cabinets, walls, furniture, floori
With this new form of nano-technology, it claims to have created a virus-free space for the CNBC-TV18 news channel.
First steps
CPIL is a plywood and decorative veneer manufacturer, incorporated in 1986, by Sajjan Bhajanka and Sanjay Agarwal. It is head-quartered in Kolkata. It began as a small unit, employing just 50 people in the first year of operations. It became a listed company in 1997, and in the same year, an important breakthrough catapulted it into the limelight it became the first company in India to introduce borer-proof plywood.
As borers were pests that caused damage in the range of thousands of crore, this was a very welcome innovation. The company claims that since then, no Century Ply product has had a borer or termite problem. In 2002, it introduced Flexoply, a flexible plywood variety. The Century Laminates plant became operational in 2004.