Published on April 20, 2015

In last fourth quarter laminate industry was weak but now the organized players are looking for the long term growth opportunity as from last year zooming stock prices of wood panel industry giving positive hope to the market players.

Market players said that from last six months demand for plywood stock is gaining momentum. The organized laminate segment is growing with a healthy double digit growth rate for branded products. After the improving demand environment customers have shifted towards branded products that have escalated the growth level from 18 to 20 percent from last three years.

GCP source said that laminate stock from organized players have performed well on the basis of positive hopes for better growth and stronger market share in coming years. Report said that organized players are expecting a turnaround in demands and trade dynamics and they are optimistic with GST which will be effective from the next financial year. Some source said that majority of laminate players with big volume and organized sector are reported to have well growth future prospects.