2005年美国装饰板（地板及相关板）产业研究报告

2005 research report on US Decorative Laminates industry

TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Environment 4
Demographic Trends 8
Consumer Spending Environment 11
Building Construction Outlook 13
Residential Building Construction 15
Housing Completions 17
Housing Stock 19
Improvements & Repairs 20
Nonresidential Building Construction 21
Office & Commercial Construction 23
Institutional Construction 24
Industrial Construction 24
Improvements & Repairs 25
Competitive Materials 26
Pricing 31
Environmental & Other Considerations 33
Foreign Trade 36
World Market 38

III. RAW MATERIALS & PROCESSES 42
General 42
Raw Materials 43
Plastics 44
Phenolics 45
Polyvinyl Chloride 47
Melamine 47
Other Plastics 48
Adhesives 49
Waterborne 51
Hot Melts 52
Solvent-Based 53
Paper, Vinyl Film & Other Materials 53
(continued on next page)
III. RAW MATERIALS & PROCESSES (continued)
Substrates 55
Particleboard 56
Medium Density Fiberboard 57
Other Substrates 58
Decorative Laminate Manufacturing Processes 60
High Pressure Processes 61
Low Pressure Processes 62
Continuous Processes 63
Direct Lamination Processes 63
Types of Laminates 64

IV. PRODUCTS 66
General 66
Low Pressure Laminates 69
Low Basis Weight Papers 72
Product Characteristics 73
Markets & Suppliers 75
Saturated Papers 76
Product Characteristics 77
Markets & Suppliers 79
Vinyl Films 81
Product Characteristics 82
Markets & Suppliers 84
Decorative Foils 84
Product Characteristics 86
Markets & Suppliers 88
High Pressure Laminates 88
Product Characteristics 90
Markets & Suppliers 93
Edgebanding 96
Product Characteristics 98
Markets & Suppliers 100
(continued on next page)

V. MARKETS 102
General 102
Kitchen & Bathroom Fixtures 105
Kitchen & Bath Outlook 106
Laminate Demand 109
Demand by Type 111
Demand by End Use 114
Furniture 121
Furniture Industry Outlook 122
Laminate Demand 125
Demand by Type 127
Demand by End Use 129
Store Fixtures 134
Retail Sales Outlook 134
Laminate Demand 136
Low Pressure Laminates 139
High Pressure Laminates & Edgebanding 140
Flooring 140
Flooring Outlook 141
Laminate Demand 143
Demand by Market 147
Demand by Customer 149
Wall Panels 150
Wall Coverings Outlook 151
Laminate Demand 153
Demand by Type 155
Demand by End Use 156
Other Markets 159

VI. INDUSTRY STRUCTURE 163
General 163
Industry Composition 163
Market Share 168
Competitive Strategies 173
Research & Development 175
Distribution 177
Marketing 178
(continued on next page)
VI. INDUSTRY STRUCTURE (continued)
Acquisitions & Divestitures 181
Cooperative Agreements 184
Company Profiles 187
American Melamine Industries, see Cytec Industries
Incorporated and DSM NV
ArjoWiggins USA, see Sequana Capital
Armstrong World Industries Incorporated 188
BauschLinnemann North America Incorporated, see
SURTECO AG
Berkshire Hathaway Incorporated 190
Borden Chemical Incorporated, see Hexion Specialty
Chemicals Incorporated
Canadian Canplast Group, see SURTECO AG
Casco Surfaces Beteiligungs GmbH, see Coveright Surfaces
Holding GmbH
CFC International Incorporated 192
Columbia Forest Products 194
Coveright Surfaces Holding GmbH 197
Cytec Industries Incorporated 199
Dai Nippon Printing Company Limited 200
Doellken-Woodtape Incorporated, see SURTECO AG
Domco Tarkett Incorporated, see Tarkett AG
DSM NV 202
Dynea Oy 203
Edgemold Products, see Fiberesin Industries Incorporated
Fiberesin Industries Incorporated 205
Flakeboard Company Limited 206
Flexible Materials Incorporated 208
Formica Corporation 209
Funder America Incorporated 212
G-P Flakeboard Limited, see Flakeboard Company Limited
and Georgia-Pacific Corporation
Georgia-Pacific Corporation 213
Hexion Specialty Chemicals Incorporated 216
Illinois Tool Works Incorporated 218
Kleerdex Company, see Sekisui Chemical Company Limited
(continued on next page)
Lamin-Art Incorporated 221
Mannington Mills Incorporated 223
MeadWestvaco Corporation 224
Mohawk Industries Incorporated 225
Nevamar Company LLC 227
OMNOVA Solutions Incorporated 229
Panolam Industries International Incorporated 231
Patrick Industries Incorporated 233
Pergo AB 235
Pioneer Plastics Technical Products, see Panolam Industries
International Incorporated
Pionite Decorative Surfaces, see Panolam Industries
International Incorporated
PrimeWood Incorporated, see Woodcraft Industries
Incorporated
Riken Technos Corporation 237
Rodman Industries, see Fiberesin Industries Incorporated
Roseburg Forest Products Company 238
Sekisui Chemical Company Limited 241
Sequana Capital 242
Shaw Industries Incorporated, see Berkshire Hathaway
Incorporated
SierraPine Limited 244
Spartech Corporation 246
Stevens Industries Incorporated 247
SURTECO AG 248
Tarkett AG 252
Timber Products Company 253
Toppan Printing Company Limited 255
Uniboard Canada Incorporated 256
Wilsonart International Incorporated, see Illinois Tool Works
Incorporated
Woodcraft Industries Incorporated 258
Worms & Cie, see Sequana Capital
Other Companies Mentioned in Study 259

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 7
2 Demographic Trends 11
3 Personal Income & Expenditures 13
4 Building Construction Expenditures 15
5 Residential Building Construction Expenditures 17
6 Housing Indicators 19
7 Residential Repair & Improvement Activity 21
8 Nonresidential Building Construction Expenditures 23
9 Nonresidential Improvements & Repairs 26
10 Decorative Laminate Pricing Trends 33

SECTION III -- RAW MATERIALS & PROCESSES
1 Materials Demand in Decorative Laminates 43
2 Plastics Demand in Decorative Laminates 45
3 Adhesives Demand in Decorative Laminates 51
4 Paper, Vinyl Film & Other Materials Demand in Decorative
Laminates 54
5 Wood Demand in Decorative Laminates 56

SECTION IV -- PRODUCTS
1 Decorative Laminate Demand by Type 68
2 Low Pressure Laminate Demand by Type 71
3 Low Basis Weight Paper Laminate Demand by Market 73
4 Saturated Paper Laminate Demand by Market 77
5 Vinyl Film Laminate Demand by Market 82
6 Decorative Foil Laminate Demand by Market 85
7 High Pressure Laminate Demand by Market 90
8 Edgebanding Demand by Market 97
(continued on next page)

SECTION V -- MARKETS
1 Decorative Laminate Demand by Market 104
2 Selected Kitchen & Bath Indicators 109
3 Kitchen & Bathroom Fixtures Demand For Decorative Laminates
by End Use 110
4 Kitchen & Bathroom Fixtures Demand For Decorative Laminates
by Type 111
5 Kitchen & Bath Cabinets Demand For Decorative Laminates 118
6 Kitchen & Bath Countertop Demand For Decorative Laminates 121
7 Furniture Shipments 124
8 Furniture Demand For Decorative Laminates 127
9 Furniture Demand For Decorative Laminates by Type 129
10 Furniture Demand For Decorative Laminates by End Use 130
11 Retail Sales 136
12 Store Fixtures Demand For Decorative Laminates 139
13 Flooring Supply & Demand 143
14 Flooring Demand for Decorative Laminates 147
15 Flooring Demand for Decorative Laminates by Market 149
16 Flooring Demand For Decorative Laminates by Customer 150
17 Wall Covering Supply & Demand 153
18 Wall Panel Demand For Decorative Laminates 155
19 Wall Panel Demand For Decorative Laminates by Type 156
20 Wall Panel Demand For Decorative Laminates by End Use 158
21 Decorative Laminate Demand in Other Markets 162

SECTION VI -- INDUSTRY STRUCTURE
1 US Decorative Laminate Sales by Company, 2004 167
2 Selected Acquisitions & Divestitures 183
3 Selected Cooperative Agreements 185

SECTION II -- MARKET ENVIRONMENT
1 Year of Construction of Housing Stock, 2004 20

SECTION IV -- PRODUCTS
1 Decorative Laminate Demand by Type, 2004 68
2 Low Pressure Laminate Demand by Type, 2004 72

SECTION V -- MARKETS
1 Decorative Laminate Demand by Market, 2004 105

SECTION VI -- INDUSTRY STRUCTURE
1 Decorative Laminate Market Share, 2004 168