The commercial application dominates the market, holding the majority of the market share. Laminate flooring is extensively used in the commercial sector, as it is cost effective, requires low maintenance, and has the ability to withstand high traffic. It is followed by the residential sector. On account of the high demand for laminate flooring from five-star hotels, showrooms, retail outlets, and corporate offices, the demand for laminate flooring in the commercial sector has increased significantly. Moreover, the rising preference for wood-based floorings and increasing investments in the commercial real estate sector have fueled the market growth, globally.