Global Thermally Fused Laminates (TFL) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Thermally Fused Laminates (TFL) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Thermally Fused Laminate is a kind of reinforced composite wood board, which is made by directly fusing the decorative paper impregnated with resin to the base material, and then pressing it with a hot press at high temperature and high pressure. The base material is made by crushing logs and adding glue, preservatives, and additives. Thermally Fused Laminates are generally composed of multiple layers of materials, including a wear-resistant layer, a decorative layer, a high-density substrate layer, and a moisture-proof layer.

Market Overview:

The latest research study on the global Thermally Fused Laminates (TFL) market finds that the global Thermally Fused Laminates (TFL) market reached a value of USD 13325.05 million in 2022. It’s expected that the market will achieve USD 18667.6 million by 2028, exhibiting a CAGR of 5.78% during the forecast period.

The military conflict between Russia and Ukraine has been going on for some time, which has caused many impacts on all walks of life, especially the trade of energy and raw materials. As it is difficult to transport products from Odesa, most of the cargo transportation between Russia and Ukraine has had to stop. Even many countries have imposed trade embargoes on Russian products. Russia is a very big exporter of cork-sawn timber, birch plywood, and paper to Europe, but now these trade exchanges have stopped. The price of Thermally Fused Laminates in the Baltic Sea, Northern Europe, and Central Europe is rising.

In addition, Russia is a major natural gas supplier in Europe. Because of this military conflict, European countries' natural gas trade has also been sanctioned, resulting in domestic natural gas shortages in many European countries. Global energy prices have been rising, and the embargo on natural gas has aggravated the soaring energy prices. This will become a long-term problem because most European countries do not have enough alternative oil and gas resources, which will lead to an increase in road and sea transportation costs in the long run. Therefore, the already sky-high container freight rate will soon rise and remain at a high level.

For most European countries, the Russian-Ukrainian conflict has more negative effects on the timber trade. The German Wood Industry Association (HDH) predicts that due to the EU sanctions on Russian banks and the lack of transport capacity caused by Ukrainian truck drivers taking on more military tasks, the impact of the Russian-Ukrainian conflict on the German wood industry will be extensive, and the trade of forest products between Germany and Russia, Ukraine and Belarus will almost completely stop.

At the same time, due to the shortage of raw materials and labor loss caused by the Russia-Ukraine conflict, the import trade of wood products, furniture, and parts between Germany and Ukraine's neighboring countries such as Poland, Slovakia, Hungary and Romania will also be affected. As producers in these countries cannot purchase logs from Russia, Belarus and Ukraine, and they are further faced with supply chain problems, they may increase the purchase of German timber and semi-finished products. This will lead to a tight supply of wood raw materials in Germany and push up the price of wood.

Therefore, in the short term, the war will affect the trade of all walks of life, and as the main raw material of Thermally Fused Laminates, wood will inevitably have a long-term impact on the Thermally Fused Laminates market.

Wide range of uses

Thermally Fused Laminates are very versatile and are needed in all walks of life, such as the construction industry, furniture industry, and decoration companies. And these industries have many downstream industries. Thermally Fused Laminates are used in more and more places around the world in furniture, interior decoration, store decoration, desks, doors, drawer fronts, etc., so the market demand is huge. With the continuous expansion of consumer groups, the accelerated urbanization process, the continuous increase in consumer demand for household products, and the continuous exploration and improvement of user consumption potential.

The product itself has obvious advantages

Thermally Fused Laminates have excellent scratch resistance, abrasion resistance, heat resistance, moisture resistance, stain resistance, and other properties. Therefore, it is the most commonly used wood product in furniture. And they are available in different sizes, shapes, colors, textures, and patterns. Compared to traditional wood, it is easier to clean, hygienic, and relatively easy to maintain. No need to refinish the paint, it can be installed on almost any existing floor. In addition, it is shock, impact, and compression resistant. Therefore, it is very popular among the same type of products.

Region Overview:

Europe dominated the Thermally Fused Laminates market in 2021, with a market share of 28.01%.

Company Overview:

Kronospan is one of the major players operating in the Thermally Fused Laminates market, holding a share of 4.31% in 2022.

Segmentation Overview:

By type, Woodgrain segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Furniture, with a market share of 49.75%
 in 2021.

Key Companies in the global Thermally Fused Laminates (TFL) market covered in Chapter 3:

Swiss Krono Group
Arauco
Wilsonart
OMNOVA
Panel Processing
Funder America
Roseburg
Kronospan
Panolam
MJB Wood Group
TEEHOME
Sonae Industria

In Chapter 4 and Chapter 14.2, on the basis of types, the Thermally Fused Laminates (TFL) market from 2018 to 2029 is primarily split into:

Woodgrain
Marble
Solid Color
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Thermally Fused Laminates (TFL) market from 2018 to 2029 covers:

Furniture
Interior Decoration
Store Fixtures
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)