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Increasing urbanization is also expected to influence market potential in the Latin American region. Currently, the Latin America decor paper market holds a market share of 9.9% in the global marketplace. With a market share of 4%, the decor paper market in the MEA region is anticipated to rise at the slowest CAGR among all regions. How Lucrative is the Indian Market for Decor Paper Manufacturers? India has seen a substantial change in consumer preferences over the past few years and this has major influenced sales of furniture decor paper. Increasing per capita disposable income, rising standard of living, and increasing popularity of home decor trends are major factors that govern decor paper consumption in India.
Expansion made in woodworking markets is a key trend boosting the decor paper market. Over the years, consumers have become increasingly conscious about the aesthetics of furniture. The demand for wood-based panel has also gathered strength on the back of decline in prices and the expanding array of designs of furniture available at affordable cost. Expanding array of specialty paper products in the decor paper market is strengthening the revenue potential in the decor paper.
Decor papers enable surface upgrades for wood-based substrates for use in the production of furniture, laminate flooring and other interior and exterior design panels. I-Decor decor papers function as a carrier of color and provide excellent properties for decorative printing and resin saturation during impregnation. We offer white or solid colored decor papers, specifically for HPL and LPL applications, as well as print base papers and pre-impregnated papers.
Which Regional Markets Should Decor Paper Manufacturers Focus On? Decor paper market metrics for regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) have been provided in detail in this updated FMI study. Decor paper consumption in North America is expected to have a significant contribution to global market revenue. At present, the decor paper industry in North America holds a market share of 25.1% of the global industry landscape. Increasing demand for luxury furniture is expected to majorly influence market potential in the region.