Published on March 25, 2014

The Indian Laminate sector is still suffering from shortages of demand, pushing up prices for hardwood logs, chemicals and fuel. The industry has been hit by the slump in the real estate industry, which is the key to demand for Laminate and various panel products.

The annual growth of Laminate industry has been registered in the range at 10 to 11 percent but in this fiscal it is likely to grow between 5 to 7 percent. To boost the Laminate industry Indian president said that the Agro–forestry requires innovative models to attract more investment as the sector is emerging as an environmentally sustainable timber supply system.

World leader in press plates manufacturing for laminates, HUECK Rheinische Gmbh and rising Indian press plate manufacturing company, Manan Chemicals, makers of Decent press plates have signed a joint venture agreement for the production of press plates and moulds in India. They have formed new company Hueck Decent India Pvt. Ltd. having manufacturing set up in Ahmedabad, Gujarat. As per the report they will supply high quality press moulds and innovation to Indian Laminate companies at very competitive price.

Market players said that the majority of the manufacturers thought that if the inflation effects are discounted from the growth figures the Laminate industry has hardly grown in this fiscal. The fourth quarter is also likely to be on similar lines where demand is reportedly subdued and performing 20 percent below average sales.

Presently the country is in election mode. It is largely hoped that post election things will improve and become better. Industry players are expecting that whichever party comes to power shall be stable government and will push economic growth in real sense and deliver its promises on economic development.