Press Release

Global Thermally Fused Laminates (TFL) Market is Expected to Reach 14 Billion USD by 2024

Date : Aug 20, 2018

New report published by Global QYResearch which offers insights on the global TFL market. The global Thermally Fused Laminates (TFL) market is valued at USD 10,441 million in 2017 and is expected to reach USD 13,950 million by the end of 2024, growing at a CAGR of 4.23% between 2017 and 2024.

Global Thermally Fused Laminates (TFL) Market: Market Driver and Restraint

The TFL is a melamine-saturated décor paper that is thermally fused directly to the substrate such as MDF or particle board. Particleboard and MDF are ideal substrates for TFL because they are consistent, uniform in strength and free of defects.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. In the future, the market in developed countries will have some growth and the market in developing countries will have a faster growth rate.

Global Thermally Fused Laminates (TFL) Market: Key Takeaways

Overall economic performance will continue to be the best indicator of future demand for TFL. Demand in most downstream markets is greatly influenced by general economic conditions. As a result, demand largely follows the patterns of the leading world economies.

Global Thermally Fused Laminates (TFL) Market: Forecast by Application

Continued efforts to reduce formaldehyde emissions are likely to continue in all regions. This has a positive effect on TFL consumption since melamine is a strong formaldehyde-binding agent. So-called “low-formaldehyde” boards use more melamine-modified wood adhesives in their manufacture. Increased melamine content results in reduced formaldehyde off-gassing. TFL is mainly used for furniture, interior decoration and store fixtures. In 2017, furniture application held 47.5% of the consumption market share.

Global Thermally Fused Laminates (TFL) Market: Forecast by Region

In the US market, Roseburg and Arauco have an absolute market share. Kronospan M&P Kaindl, Swiss Krono Group and Sonae Industria are leaders in the European market. In short, the market concentration in Europe and the United States is high, and a few companies occupy the majority of market share. TEEHOME, Fuxiang and AICA Kogyo are well-known brands in the Asia-Pacific market. The Asia-Pacific market is extremely fragmented.

Global Thermally Fused Laminates (TFL) Market: Key Players

Kronospan M&P Kaindl, TEEHOME, Swiss Krono Group, Roseburg, Arauco, Sonae Industria, DareGlobal Wood, Egger, Panel Processing, Fuxiang,Shengguo Tree, MJB Wood Group, AICA Kogyo, Panolam Industries International, Uniboard, Wilsonart, Dongwha Malaysia, Funder America, Specialty Laminates and Purbanchal Laminates, are the key vendors included in this report.

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