Published on May 11, 2015
The first quarter was weak for all the laminate and plywood industry but all the organized players are looking for the double digit growth for this fiscal. As per the report the plywood stock are hot and have become eye stopper for analyst and experts during last six months.
GCP source said that, the organized plywood and laminate segment is growing at healthy double digits growth for specially branded segment. After a stable government and improving demand environment and brand pull, market players anticipate a shift towards branded products that can lead to 18 to 20 percent of growth in coming three to five years.
According to report decorative laminate market is growing with a very fast rate of knot. In near term demand prospects from end users also will be at the positive front as the demand from construction sector is escalating with a very rapid momentum. All the major market players are very optimistic for the future upshot and profitability with the laminate demand and business.
