Published on April 14, 2014

Laminate industry is operating with a positive nodule. Overall costing has come down for the industry due to low cost of raw material. The basic raw material of this industry is operated at very low level. Manufacturers are purchasing the material on need basis and further predictable the prices to go down.

Source said, it is very difficult to predict the growth in the Laminate sector alone but there is great revival in this sector not only with respect to export but also for domestic demand. Market players said that with the beginning of new fiscal the economy is steadily escalating and the Laminate industry is projected to amplify about 17% in overall expansion this fiscal.

As per the report new financial year will be very important watershed for Indian Laminate industry. There are several projects on the slide line and with economy improving this fiscal, there will be a quantum jump in investment towards processing of wood and wood products. Some of the rating agencies believe that election and subsequent government formation will play a very important role for the growth of the slow moving sectors.

In recent times surge in demand for unique products is motivating the decorative manufacturers to bring natural decorative products which will enhance the sectors demand. Rise in production capacity of High Pressured Laminates with new capacity additions or expansion by existing players the demand of liner grade Laminate also added to the capacity growth of HPL manufacturing across the country.

Report said, the new government will plan for a stable platform and look for further growth in the economy, then like every other sector Laminate and plywood sector will also raise up. Currently the growing demand for exclusive range is helping the laminate market in India.