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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.
Our decor papers for HPL and CPL feature aesthetic surfaces, high color consistency and post forming capabilities with excellent durability for demanding applications. Typical applications include worktops, water resistant panels, and furniture for receptions or laboratories, window sills or outdoor cladding. Our decor papers for HPL/CPL are available in a wide range of white and solid colors. They offer important characteristics, such as high color consistency and good light-fastness. They have excellent impregnation properties and post forming ability to make the perfect solution for decorative surfaces.
Lifestyle trends have evolved massively over the past years, and this has changed the home decor industry in multiple aspects. Use of decor paper, decor glass, decor polystyrene, etc., has substantially increased in recent years as the preference for luxury furniture has increased on a global scale. Shipments of decor paper rose at a CAGR of 5% from 2013 to 2021. Decor paper gives a high-end quality finish to wood-based surfaces and has been gaining significant popularity as demand for luxury and high-quality furniture increases from residential and commercial applications alike. Discover additional information at wood grain paper.