Market Research Future (MRFR) has published a cooked research report on the “Global HPL exterior boards Market” that contains the information from 2022 to 2030.
The HPL exterior boards market is expected to register a CAGR of 4.80% during the forecast period.
MRFR recognizes the following companies as the key players in the global HPL exterior boards market— Beaulieu International, OMNOVA Solutions, Panolam Industries, Trespa International, ASD Laminate, Wilsonart International, Sonae Arauco, Abet Laminati, Fletcher Building, SWISS KRONO, G&P （Xinfeng）Decorative Laminate Co. Ltd, PFLEIDERER, KRONOSPAN, ZHENGHANG DECORATIVE MATERIALS, EGGER, and ARPA INDUSTRIALe among others.
HPL Exterior Boards Market Highlights
The global market of HPL exterior boards is expected to register a CAGR of 4.80% during the forecast period and is expected to hit USD 4.3 billion by 2030.
Growing real estate & construction sector and rapid urbanization are expected to drive the HPL exterior board market across the globe. On the other hand, fluctuating raw material prices are hampering the market growth. Construction of commercial buildings and Special Economic Zones (SEZs) in developing countries are projected to create the lucrative opportunities for the HPL exterior board.
HPL Exterior Boards Market Segment Analysis
The global HPL exterior boards market is mainly segmented into type and application. On the basis of type, the market has been sub-segmented into 6–8 MM, 8–10 MM, 10–12 MM, 12–14 MM, and 14–16 MM. On the basis of application, the global market has been segmented into facades, exterior walls, exterior flooring & roofs, outdoors furniture, and balcony.
HPL Exterior Boards Market
The global HPL exterior boards market has been segmented on the basis of region into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American market is further divided into the US and Canada. The European market has been segmented into Germany, France, the UK, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been segmented into China, India, Japan, South Korea, and the rest of Asia-Pacific. The Middle East & Africa HPL exterior boards market includes Saudi Arabia, UAE, South Africa, Turkey, and Rest of MEA. The South America market includes Brazil, Argentina, and Rest of South America.
North America is known for being one of the firsts in adopting new technologies, owing to the rapidly increasing GDP and high employment rate. This region has witnessed significant growth in the demand for HPL exterior boards in the past few years. In North America, the commercial building infrastructure and construction market in value terms is expected to grow at lucrative rate over the forecast period. This demand for HPL exterior boards is anticipated to increase during the forecast period.
The increased demand for HPL exterior boards in the region can be attributed to factors such as the rapid industrial development, growing construction activities, and rise in demand for fuel-efficient technologies. Furthermore, the rapidly increasing population rate and the easy availability of cost-effective systems are significant factors driving the market growth. The rapid urbanization in emerging economies, such as India, China, and Japan, encourages the consumers towards a more comfortable lifestyle, thereby increasing the demand for HPL exterior boards in Asia-Pacific.
Key Findings of the Study