According to the latest report by IMARC Group, titled “ North America Laminate Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the North America laminate flooring market reached a volume of 120 Million Sq. Meters in 2019. Laminate flooring is a versatile flooring solution that is manufactured by fusing the wear, design, core and back layers using intense heat and pressure. It is durable, versatile, highly resistant to dust, and considered an affordable alternative of stone floor coverings, engineered wood and solid hardwood, which can be installed on an existing floor. Apart from this, as laminate flooring is made from 90% wood fiber and 10% glue resin, it is environment-friendly in nature. Owing to these advantages, it is widely utilized in the industrial, residential and commercial buildings in Northern America.
Some of the key players being Mohawk Industries, Inc. NYSE: (MHK), Tarkett SA EPA: (TKTT), Armstrong World Industries, Inc. NYSE: (AWI), Shaw Industries Inc. (Georgia), Mannington Mills, Inc., Beaulieu International Group Inc.
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The revival of the US economy represents one of the key factors contributing to the North America laminate flooring market. Apart from this, increasing renovation activities, in confluence with investments in the restoration of deficient structures, especially in educational and public buildings, are anticipated to escalate the demand for laminate flooring in the region.
Market Breakup by Product Type:
- HDF Laminated
- MDF Laminates
- Residential
- Commercial
- United States
- Canada
- Mexico
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