Indian Plywood Market:Analysis and Forecast 2018-2023
Posted by Sophia Jones on December 26th, 2018
Market Reports on India Provides the Trending Market Research Report on“Indian Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”under Chemical & Materials category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Summary
Indian Plywood Market Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the Indian plywood market reached a value of US$ 4.2 Billion in 2017, growing at a CAGR of nearly 5% during 2010-2017.Plywood is manufactured by assembling thin layers of wood veneers bonded together using powerful adhesives. Softwoods, hardwoods, or a combination of the two is used, such as several varieties of maple, mahogany, oak, pine, cedar, spruce, etc.
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In the past decades, the expenditure on furniture has increased as a result of increasing incomes, urbanisation, investment in real estate, western influence, etc. Moreover, the introduction of new designs and diverse product range of furniture have further helped in creating a demand among the consumers. Expanding distribution network and exclusive outlets of furniture manufacturers in the region has also helped in influencing the market for plywood. Owing to this, the market is further expected to reach a value of US$ 5.5 Billion by 2023.
Scope
- On the basis of end-use the market is segmented as commercial and residential.
- The residential sector is the largest consumer for Indian plywood, accounting for more than half of the total shares.
- The report has also analysed the market on the basis of competitive landscape and provides the details of the key players.
- Some of the major players are Greenply, Century Plyboards Limited, Merino, Kitply, Uniply, etc.
Reasons to buy
- The study analyses the manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc.
- Indian plywood industry covering all its essential aspects.
Browse our full report with Table of Contents :
http://www.marketreportsonindia.com/marketreports/indian-plywood-market-industry-trends-share-size-growth-opportunity-and-forecast-2018-2023/868822
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