Global Laminate Flooring Market Expected to Reach a Volume of more than 1,000 Million Sq. Meters by 2022

The various benefits of laminate flooring such as durability, affordability, and ease of installation and maintenance have made it a popular flooring option for both commercial and residential applications. As a result, the global laminate flooring market is currently witnessing a steady growth.

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IMARC Group’s recently published report titled, “Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global laminate flooring market reached a volume of around 800 Million Sq. Metres in 2016, growing at a CAGR of 5.5% during 2009-2016. Laminate flooring is used to cover the floor structure of a building and consists of different layers that are sealed together. There are four major layers, namely, design layer, inner core, backing layer and wear layer. The top layer is made up of melamine and aluminium oxide which make the surface resistant to scratches and stains, and also gives a premium look to the flooring. Easy to install and clean, laminate flooring is ideal for semi-moist areas like kitchens. Over the years, it has gained popularity due to certain advantages over conventional flooring such as durability, affordability and ease of maintenance.

Highlights of the global laminate flooring market:

• Rapid growth of the construction industry is the major driver for the market growth.
• The commercial sector is the biggest application segment, accounting for the majority of the market share.
• Asia Pacific represents the largest market for laminate flooring driven by rising income levels and urbanization.

The laminate flooring market is experiencing a healthy growth due to a rise in the construction activities in various regions. Owing to rapid urbanization, there has been a surge in housing projects, particularly in the developing regions, which has been driving the residential flooring market. Increasing disposable incomes have also led to higher spending in the real-estate sector which is rapidly fueling the industry growth. Additionally, as a result of its ability to sustain high traffic, laminate flooring has become a preferred choice for commercial applications in sectors such as healthcare, retail and corporate. Moreover, changing lifestyles and consumer preferences have encouraged the manufacturers to introduce innovative and diverse designs in their product lines. According to the report, the market is further expected to reach a volume of more than 1,000 Million Sq. Meters by 2022.

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The marke has been segmented on the basis of product type covering HDF laminates and MDF laminates. Based on the application, the commercial sector accounts for the majority of the market share. Regionally, the global laminate flooring market has been segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. As a result of rapid urbanization and rising income levels, Asia Pacific represents the largest market. On analysing the competitive landscape, it is found that the major players are Mohawk Industries Inc., Tarkett, Armstrong World Industries, Inc., Shaw Industries Inc., Mannington Mills Inc. and Beaulieu International Group.

The report by IMARC Group has examined the global laminate flooring market on the basis of:

Product type:

• HDF laminates
• MDF laminates

Sector:

• Residential
• Commercial

Region:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East and Africa

Key players:

• Mohawk Industries Inc.
• Tarkett
• Armstrong World Industries Inc.
• Shaw Industries Inc.
• Mannington Mills Inc.
• Beaulieu International Group

Browse related reports :

Vinyl Flooring Market @ www.imarcgroup.com/vinyl-flooring-market

Laminated Veneer Lumber Market @ www.imarcgroup.com/laminated-vaneer-lumber-market

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Citric Acid Market: Share, Size and Forecast 2017-2022

The global citric acid market has witnessed a positive growth in recent years, owing to the applications of citric acid in food and beverages, pharmaceuticals, household cleaners, animal feed, lubricants, chelating agents, plasticizers, metal cleaners, etc.

The latest report by IMARC Group titled, “Citric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global citric acid market reached a volume of around 2.3 Million Tons in 2016, growing at a CAGR of around 3.5% during 2009-2016. Citric acid, with the chemical formula C6H8O7, is a colourless and crystalline weak organic compound found in the juice of lemons and other sour fruits. Industrially, it is produced by the microbial fermentation of carbohydrates such as molasses, cane sugar, corn sugar, beet, etc. One of the major factors driving the demand for citric acid is its increasing usage in end-use industries. Furthermore, emerging markets such as Asia, Africa and Middle East are expected to exhibit above-average growth rates as a result of increase in population and improving living standards which will result in higher per capita consumption of beverages and convenience foods. As a result, the global citric acid market is further expected to grow, reaching a volume of around 2.7 Million Tons by 2022.

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Highlights of the global citric acid market:

• Demand from emerging markets remains the major growth driver.
• The food and beverage industry represents the largest end-use segment of the global citric acid market.
• China represents the largest producer of citric acid, whereas, Western Europe represents the largest consumer.

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Used in a variety of industries, citric acid is one of the most important organic acids. Some of the major end-use segments of citric acid include food and beverages, household cleaners, pharmaceuticals, lubricants, animal feed, chelating agents, metal cleaners and plasticizers. In the food industry, it is used in carbonated drinks as an acidulant which accounts for the majority of its use. The household cleaners and detergents industry is the second largest consumer of citric acid. In this industry, it is mainly used as a replacement for phosphates in concentrated liquid detergents as it does not contribute to the eutrophication of water systems. The third largest consumer of citric acid is the pharmaceutical and cosmetics industry. It is used in pharmaceutical products as result of its safe and nontoxic nature, pleasant acidic taste, buffering and chelating properties and high water solubility. In this segment, the major applications include prescription pharmaceuticals, antacids, dentifrices, etc. In the cosmetics and toiletries segment, shampoos and conditioners account for most of the consumption of citric acid.

On the basis of region, China represents the largest producer of citric acid, whereas Western Europe represents the largest consumer. Other major regions include the United States, Middle East and Africa, Central/Eastern Europe, Brazil and India. On evaluating the competitive landscape of the market, the report finds that the market is highly competitive with the presence of a number of established players. Some of the major players operating in the global citric acid market are COFCO Biochemical, Lemon Biochemical, Luxin Jinhe, Weifang Ying Xuan, Jungbunzlauer and Tate & Lyle.

The report has examined the global citric acid market on the basis of:

End-use:

• Food and Beverages
• Household Detergents and Cleaners
• Pharmaceuticals
• Others

Region:

• Western Europe
• United States
• China
• Middle East and Africa
• Central/Eastern Europe
• Brazil
• India

Key Players:

• Weifang Ying Xuan
• Lemon Biochemical
• Luxin Jinhe
• COFCO Biochemical
• Jungbunzlauer
• Tate and Layle

Browse more related reports:

Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Gelatin Market: Share, Size and Forecast 2017-2022

The global gelatin market has grown at a CAGR of around 3% during 2009-2016. The market growth can be attributed to sustained progress of key end-use industries, particularly food and beverage, nutraceuticals and pharmaceuticals.

According to IMARC Group’s new report, titled “Gelatin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global gelatin market reached a volume of around 400 Thousand Tons in 2016, exhibiting a CAGR of nearly 3% during 2009-2016.  Gelatin is a translucent protein, derived from the collagen found in the bones, connective tissue, and skin of pigs, cattle and other animals. Gelatin is extensively used in food and beverage, nutraceutical, pharmaceutical, photography, cosmetic and packaging industries. Owing to the rise in disposable income in the developing regions and sustained growth of the key end-use industries, the global gelatin market is further expected to reach a volume of around 460 Thousand Tons by 2022, growing at a CAGR of more than 2% during 2017-2022.

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Highlights of the global gelatin market:

• Food and beverage industry represents the largest end-use industry.
• Majority of the gelatin used worldwide is derived from pig skin.
• Europe represents the largest market in terms of production.

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Gelatin is extensively used in the food and beverage industry to manufacture trifles, aspic, marshmallows, desserts and candies. It is also used as a blending and glazing agent in the production of canned meat. Furthermore, it is used as a thickener and texturizer in products like yogurt, cream cheese and margarine. In the pharmaceutical industry, gelatin is primarily used to make shells of hard and soft capsules. Other applications of gelatin in this industry include manufacture of tablets, emulsions, suppositories and syrups. In the nutraceutical industry, it serves as an excipient in joint care formulas, nutritional bars and protein drinks. It is also used to treat osteoarthritis, rheumatoid arthritis and osteoporosis. In the photography industry, gelatin is used in paper coatings, and as a component in silver halide emulsion coatings.

On the basis of end-use, the food and beverage industry represents the largest segment, followed by nutraceuticals, pharmaceuticals, photography and cosmetics. Pig skin-derived gelatin accounts for the majority of the output, followed by bovine hides, bones, and other sources. On the basis of region, Europe represents the largest producer, accounting for nearly half of the total global production. Other major regions include North America, Asia and South America. Some of the key players operating in this region are Gelita AG (Formerly DGF Stoess), PB Gelatin (Tessenderlo Group), Sterling Biotech Ltd, Rousselot SAS, Weishardt Group and Nitta Gelatin.

The report by IMARC Group has examined the global gelatin market on the basis of:

End-use:

• Food and beverage industry
• Nutraceuticals
• Pharmaceuticals
• Photography
• Cosmetics

Raw materials:

• Pig skin
• Bovine hide
• Bones

Region:

• Europe
• North America
• Asia
• South America

Major manufacturers:

• Gelita AG (Formerly DGF Stoess)
• PB Gelatin (Tessenderlo Group)
• Sterling Biotech Ltd
• Rousselot SAS
• Weishardt Group
• Nitta Gelatin

Browse more related reports:

HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Ethanol Market - Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
Tel No: +1-631-791-1145
Email: sales@imarcgroup.com
Website: http://www.imarcgroup.com
Follow us on twitter: @imarcglobal