Published on February 2, 2015

Recent report said that 2015 would be turnaround year for all the wood panel industry. Presently all the market players are finding emerging trends in the market so that industry attains the profitability and grown-up to do bigger and better business.

Source said that due to plunge in the prices of crude oil the prices of phenol formaldehyde registered a decrease of about 50 percent and the prices of face veneer also have gone down by about 15 percent owing to import of face veneer from countries like Vietnam, Myanmar and China and its uncomplicated availability in the market.

Prices of two important components of plywood and panel product manufacturing have come down which have made the situation comfortable for the plywood manufacturers.

Market analyst said that, currently all the manufacturers are busy in making their annual business targets and strategies so the industry will gain positive momentum.  In order to attain all the targets and positive results this fiscal all the manufacturers are creating, motivating and energizing interiors except that they are working on the low cost inventive products which will attract the customers.