The global decor paper market was valued at valued at US$ 3.7 Billion in 2018 and is projected to expand at a CAGR of 5.4%, during the forecast period (2019- 2027).
Decor paper is highly engineered and technically-advanced specialty paper used to upgrade the surface of wood-based panels. Melamine resin is used to impregnate decor paper to enhance the strength of the base paper.
Decor Paper Market: Introduction
Decor paper is used as a carrier for the printing and impregnating of wood-based panels. The increment in building and construction sector and fashion trends in the market are expected to expand the decor paper market. According to FAO (Food & Agriculture Organization of the United Nations), the total production of wood-based panels in 2017 was approximately 402 Million m³.
According to FMI analysis, the global decor paper market is also driven by the increasing consumption of organized furniture in the world, which is expected to have significant growth during the forecast period. Decor papers are used for the production of abrasion-resistant laminate flooring. Manufacturers in the decor paper market are offering a wide range of products, colors, textures, and designs for high-pressure laminates (HPL) and low-pressure laminates (LPL).
Decor Paper Market: Driving Factors
The decor paper market is driven by accelerating urbanization and consumer preferences toward modern product designs that use laminates. The impregnation of the decor paper increases the strength and quality of the decorative laminate for cabinets, furniture, flooring, and fixtures among other applications. The decor paper market is expected to have high growth in emerging countries such as India and China due to the growing population and consumer preferences towards the visual appearance of the product.
Decrement in trading costs and technical innovations in the global market lowered the prices of furniture and wood-based panel, which are expected to boost the global decor paper market in the near future. Variations in the standards and certification criteria for import and export in wood-working markets is increasing the consumption of decor paper.
Even though decor paper has the least share in the paper & paperboard production, the segment is expected to grow in the upcoming years as the specialty paper segment has a higher growth rate than other paper-based products. The leading manufacturers in the global decor paper market are expanding their global footprint in the emerging regions such as the Asia Pacific, Africa, and Middle East.
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Decor Paper Market: Restraining Factors
According to the Global Alliance for Buildings & Construction (GABC), in 2017, the building and construction sector accounted for nearly 36% of the final energy usage, and approximately 40% of energy-related CO? emissions. Utilization of decor paper may preserve valuable resources.
The environmental regulations in different regions for using wood-based products may affect the global decor paper market negatively. In the U.S., composite wood products must be labeled as TSCA Title VI compliant from March 22, 2019. The products manufactured or imported within a country must comply with set standards regarding thickness, labelling, grade, strength, and other properties, which may reduce the demand for decor paper.
Decor Paper for Various Applications
Decor paper for low-pressure laminates is impregnated with the impregnation resin (for instance-Melamine or phenol formaldehyde) and then laminated through heat and pressure onto the wooden panels. Multiple layers of decor paper for high-pressure laminates is impregnated with the resin that are laminated and pressed together under heat and intense pressure.
These impregnated decor papers are used for laminating the wood-based panels under high pressure or with the help of glue. According to research, high-pressure laminates are more likely to witness high preference over low-pressure laminates, particularly in flooring applications, owing to high endurance and opacity of the former.
Manufacturers in the decor paper market offer aesthetic specifications regarding color and textures, which leads to highly-demanding requirements of individuals regarding decor papers. The decor paper market is dominated by the furniture & cabinets segment, due to increment in the housing requirements as well as growing urbanization across the world.
Key Developments and Trends in the Decor Paper Market
Schoeller Technocell GmbH & Co. KG
- On October 1, 2018, the North American division of Schoeller Technocell GmbH & Co. KG acquired all of the assets of the Alameda Company in Anaheim, California.
- The company is focusing on expanding its business into the Chinese decor paper market through a joint venture with a Chinese pulp trading company and manufacturer of specialty paper, Welbon Group.
- Ahlstrom-Munksjö Oyj. is focusing on the expansion of its business through acquisitions and mergers. In 2018, the company acquired MD Papeis’ Caieiras specialty paper mill in Brazil.
- To expand its North American specialty paper business segment, in 2018, the company acquired specialty paper producer Expera, which expands the company’s decor paper segment and appoints a new member of the Executive Management Team.
Decor Paper Market: Competitive Landscape
KOEHLER GROUP, KÄMMERER Paper GmbH, SURTECO GmbH, Onyx Papers Inc., BMK GmbH, Ahlstrom-Munksjö Oyj., Schattdecor AG, Neenah Inc., Pudumjee Paper Products, Lamigraf S.A., Schoeller Technocell GmbH & Co. KG, Lignadecor Uretim ve Pazarlama A.S., Impress Surfaces GmbH, Coveright Surfaces Spain SA, Malta-Decor Sp. z.o.o., Fortune Paper Mills, Pura Group, KJ SPECIALTY PAPER Co., Ltd., Hangzhou Fimo Decorative Material Co. Ltd., and Cartiere di Guarcino S.p.A. are some of the key players in the global decor paper market among others.
On the basis of basis weight
- less than 65 gsm
- 65-80 gsm
- 81-100 gsm
- above 100 gsm
On the basis of product type
- absorbent Kraft paper
- print base paper
- other decor papers
On the basis of application
- low-pressure laminates
- high-pressure laminates
- edge banding papers
On the basis of end use
- furniture & cabinets
- store fixture
Geographical Segmentation of the Decor Paper Market
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Europe
- Asia Pacific Excluding Japan
- Australia & NZ
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA