China Laminate Flooring Market Size

China Laminate Flooring Market Analysis

China's laminate flooring sales are stimulated by a combination of positive factors. With the better standard of living and the people's desire for elegant life, laminate flooring sees a rising share in the flooring industry of China.

COVID-19 has disrupted the global supply chain of the major products. China is one of the largest consumers and producers and also caters to a wide range of countries by exporting several input supplies that are essentially used to produce laminate flooring finished goods. Shut down of the production in China has forced suffered a huge loss. This is leading to the increase in the supply and demand gap and the product market. Owing to the COVID-19 pandemic, the market has been under pressure from mid-February 2020, which restricted the construction of housing and building projects, and the lockdown restrictions have forced to stop manufacturing of laminate flooring products which resulted in a decline in the overall China market.

Laminate flooring refers to a multi-layer synthetic flooring product that is made up of the wear, design, core, and back layers sealed together using the lamination process. The upper layer usually comprises melamine and aluminum oxide that aid in providing the laminate board a scratch and moisture-resistant surface. In comparison to engineered wood, solid hardwood, and stone floor coverings, laminate flooring is inexpensive and easy to install as well as maintain. As it is available in varying widths, lengths, and thicknesses and can replicate different surfaces, including wood, stones, and tiles, the demand for laminate flooring is increasing across China. Laminate wood flooring is the mainstay of the wood flooring industry in China. Over two decades of development, a complete system has been developed in the Chinese laminate flooring industry, making the country be one of the major producers and consumers of laminate flooring. The demand for laminate flooring can be due to numerous factors. One of the major factors is the rapid growth of the construction industry. Urbanization, industrialization, and changing lifestyles have resulted in an increase in construction activities in emerging countries like China. Several initiatives are taking place for the revival and restoration of different educational and public buildings, thus boosting the sales of laminated flooring. Rising environmental concerns towards the usage of timber and new technological innovations will continue to spur the demand in the upcoming years. The Flooring manufacturing sector is one of the sectors that is bearing the toughest brunt of COVID-19 for more than a year, and manufacturers were stranded on raw material orders due to a major effect on the logistics industry due to the lockdowns. All these factors are limiting the laminate flooring industry growth during the pandemic.