Published on February 9, 2015
As per the study, plywood industry did not see any recovery previous year but this year is set to bring healthy demand from construction purpose plywood. Market players are hoping for the best for this fiscal as government is planning for building infrastructure, affordable housing and smart cities projects.
Recent report said that the threat of inflation has completely submerged, and borrowing rates are sure to go down from the current level. This will encourage the potential buyers planning to gain of home loans to finally take the plunge.
In order to clear their inventory, property prices staying stable and good deals being offered by developers which will attract to the buyers to buy now. This positive change will enhance the demand prospects of plywood industry.
Economic activity is gradually picking up and rising business activity indicate rise in jobs and incomes, which will escalate the residential housing demand and commercial category as well. The market is growing and developers are largely focusing on affordable homes which will enhance the construction and economical buying. As the construction will boost in market plywood sector demand also will take a positive budge.
Market predictors said that 2015 will be more lucrative year for construction purpose plywood makers. With the higher demand volume margin projection also will be effective.
