Laminate: Manufactured from layers of plastic wounded to particleboard or kraft paper. Formica is a trademarked term that has become a generic word for laminate.
Pros/cons:
- Less expensive 
- Stain resistant 
- Low maintenance 
- Wide range of colors and decorative styles and edges (for example, Jonathan Adler's Formica collection) 
- Not heat resistant 
- Can crack 
- Hard to repair 
- Does not age well 
- Bacteria resistant because its nonporous, though bacteria and dirt can get trapped in seams 
- Scratches and burns can ruin laminate countertops - never cut on counter nor set hot pots or pans 
How to clean and maintain Laminate:
- For daily cleaning, use dishsoap, warm water and a soft cloth. Rinse cloth in clean water and wipe down after. Finally, dry with a soft cloth. 
- Don’t use too much water when cleaning. 
- Use a soft toothbrush to clean the seams or edging 
- Do not use acidic cleaner or tub/tile cleaner 
- For greasy build-up, use 50/50 mixture of vinegar and water 
- Remove stains by mixing baking soda with a mild household cleaner into a paste. Apply it to the stain and let it sit for five minutes (can be longer for tougher stains). Rinse with a soft cloth. Do not scrub because baking soda can create fine scratches on the laminate. 
- Can use a gel gloss sealant to seal and shine laminate counters