Published on December 27, 2016

Real estate downfall is going to hit demand for wood panel products along with short term impact on augmentation.

As per the market source, majority of organized players are anticipated to face 20-25 percent plunge in sales in Jan to Mar quarter of 2017. In upcoming time all wood panel decorative products are set to face a demand contraction for around a year as real estate is affected.

Demonetization impact on wood panel industry is certainly a problem for those who were not paying taxes and are benefit for those who were paying honestly. There may bit plus-minus in demand but things will be better after this step for all organized players, said by market players.

Market analyst have said that, demonetization has come as an opportunity and everyone shell adopt organized working model in wood panel industry, which around 80 percent driven by informal way. Existing association needs to be more informed, develop good connect with all trade activities, motivate all members to organize working system, arrange meetings to discuss changes and product development could be imperative in intensification.