HPL Exterior Boards Market Size was valued at USD 3.26 billion in 2023. The HPL exterior boards industry is projected to grow from USD 3.40 billion in 2024 to USD 4.97 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.86% during the forecast period (2024 - 2032). urbanization and the expanding real estate and construction industries are anticipated to be the main market drivers for HPL exterior boards. Furthermore, it is anticipated that the development of commercial buildings and Special Economic Zones (SEZs) in developing nations will produce attractive market prospects for HPL exterior boards.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Rapid urbanization and population growth both contribute significantly to the real estate sector's expansion. Since they offer greater options for investors due to their rising per capita income levels, developing countries are seeing faster growth in the real estate sector. The second-largest sector in India in terms of employment prospects, after agriculture, is real estate, according to the India Brand Equity Foundation (IBEF). Numerous of India's largest real estate developers, including DLF Private Ltd, Prestige Estates Projects Ltd, IndiabullsReal Estate Ltd, Brigade Enterprises Ltd, and Oberoi Realty Ltd, are building new developments throughout the country. The demand for HPL exterior boards is increasing as a result of their widespread application in construction projects. Thus, this factor is driving the market CAGR.
High pressure laminate exterior boards enhance a building's thermal performance when properly fitted. As a result, the system's overall U factor will be reduced. The U-factor is the rate at which non-solar heat flow is transmitted through a window, door, or skylight. For windows, skylights, and glass doors, the glass or glazing alone may be referred to as the U-factor. In any location, commercial structures and SEZs promote economic development and draw in outside capital. These business structures and SEZs are a component of a growth plan to expand and diversify exports while maintaining protective barriers, generating employment, and experimenting with new ideas and regulations. SEZs also enable the installation of off-site infrastructure, robust environmental regulations, and governmental management of firms. Thus, it is anticipated that this aspect will accelerate HPL exterior boards market revenue ly.
The HPL exterior boards market segmentation has been segmented by type into 6–8 MM, 8–10 MM, 10–12 MM, 12–14 MM and 14–16 MM. The 6-8 MM segment dominated the HPL exterior boards market data in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The HPL external boards with sizes ranging from 6 to 8mm are covered in this section. In commercial, industrial, civil, and other specialized structures like hospitals, offices, hotels, schools, railway stations, subways, and airports where environmental and fire safety are required, they are used.
On the other hand, it is projected that the 10–12 MM category will expand significantly over the forecast period. The HPL external boards with sizes between 10 and 12 mm are covered in this section. Construction of residential homes, business buildings, hotels, train stations, and other facilities requiring environmental and fire protection uses them.
Figure 2: HPL Exterior Boards Market by Type, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The HPL exterior boards market segmentation, based on application, Facades, Exterior Walls, Exterior Flooring & Roofs, Outdoors Furniture and Balcony. The packaging segment dominated the HPL exterior boards market revenue in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The HPL exterior boards in this section are used to build exterior walls. For residential and commercial buildings, as well as hospitals, the exterior walls include the facade, balcony, gate, and fascia for showrooms. High-pressure laminate (HPL) cladding is an attractive and long-lasting exterior coating used on building surfaces. Compact laminate wall panels are another name for exterior walls.
Facades, on the other hand, are predicted to expand significantly throughout the course of the forecast period. The HPL exterior boards used for facade applications make up this category. More sustainable buildings can be seen on the facades. The outer facade can gain energy via ventilated façades constructed using HPL (sometimes referred to as phenolic) compact panels. Rainscreen Façade panels contribute greatly to the overall health of the building by safeguarding the insulation and controlling moisture through a drainage and ventilation plane.
By region, the study provides the market insights for HPL exterior boards into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific HPL exterior boards market accounted for USD 1.3 billion in 2021 and is expected to exhibit a 43.20% CAGR during the study period due to elements like the quick development of industry, expanding building industry, and increase in demand for fuel-efficient technologies. Additionally, the industry is being driven by the quickly rising population rate and the simple accessibility of systems that are cost-effective. Rapid urbanization in developing nations like India, China, and Japan encourages people to live more comfortably, which raises the need for HPL exterior boards in the Asia-Pacific region.
Further, the major countries studied in the market report for HPL exterior boards are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: Hpl Exterior Boards Market Share By Region 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America HPL exterior boards market is expected to grow at a significant CAGR from 2022 to 2030 due to the GDP's strong growth and the high employment rate. Over the past few years, this region has seen a tremendous increase in the market demand for HPL exterior boards. Further, the US HPL exterior boards market held the largest market share, and the Canada HPL exterior boards market was the fastest-growing market in the region.
European HPL exterior boards market accounts for the second-fastest growing market share. Over the projection period, the market for commercial building infrastructure and construction is anticipated to expand at a profitable pace in value terms. During the forecast period, it is anticipated that the market demand for HPL exterior boards would rise. Moreover, Germany HPL exterior boards market held the largest market share, and the UK HPL exterior boards market was the fastest-growing market in this region.
Major market players are spending a lot on R&D to increase their product lines, which will help the HPL exterior boards industry grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, market developments and collaboration with other organizations. Competitors in the industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market industry.
One of the primary business strategies manufacturers adopt in the HPL exterior boards industry to benefit clients and expand the sector is manufacturing locally to reduce operating costs. In recent years, HPL exterior boards industry has provided medicine with some of the most significant benefits. The HPL exterior boards market major player such as 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.
Since more than 50 years ago, the SWISS KRONO Group has been steadily expanding on this concept by turning wood from a raw natural material into industrially mass-produced goods that are of the finest quality and offer exceptional value. In May 2021, the introduction of Achim Scholz, showcasing various fresh design concepts, was announced by SWISS KRONO. A variety of home decoration styles are available with its 18 new décor items.
Also, the Pfleiderer GmbH, formerly known as the Pfleiderer AG, is a former public business with its headquarters in Neumarkt in the Oberpfalz region of Germany. The business is focused on producing wood-based products, particularly medium-density fiberboard and particle board. Around 3100 people were employed by Pfleiderer as of 2012 in eight separate plants in Germany and Poland. In January 2021, one of Europe's top producers of engineered wood, Pfleiderer, recently unveiled its newest design collection for the years 2021–2024. The business also displayed their widely accessible EXPRESS furniture and interior design range.
January 2020: Realta is a value-driven SPC that gives a comprehensive package of style and substance, and it was introduced by Mannington Mills, Inc.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 3.26 Billion |
| Market Size 2024 | USD 3.40 Billion |
| Market Size 2032 | USD 4.97 Billion |
| Compound Annual Growth Rate (CAGR) | 4.86% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | OMNOVA Solutions, Panolam Industries, Trespa International, ASD Laminate, Wilsonart International, Sonae Arauco, Abet Laminati, and Fletcher Building |
| Key Market Opportunities | Development of commercial buildings and Special Economic Zones (SEZs) in developing nations |
| Key Market Dynamics | Expansion of the real estate and construction industries Growing urbanization to boost HPL exterior boards market |
HPL Exterior Boards Market Highlights:
Frequently Asked Questions (FAQ) :
The HPL exterior boards market size was expected to be USD 3.26 billion in 2023.
The market for HPL exterior boards is expected to register a CAGR of ~4.86% over the next ten years.
Asia Pacific held the largest market share in the HPL exterior boards market.
OMNOVA Solutions, Panolam Industries, Trespa International, ASD Laminate, Wilsonart International, Sonae Arauco, Abet Laminati, and Fletcher Building are the key players in the HPL exterior boards market.
The 6-8 MM category led the segment in the HPL exterior boards market.
The exterior walls category had the largest market share in the market for HPL exterior boards.
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Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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