The demand for acrylic laminate has improved at a fast pace from mid 2022. Seeing the surge in demand, a number of players ventured into acrylic laminate manufacturing and trading. According to The Ply Reporter market feed backs during field surveys, around 25 to 30 folders of acrylic laminate are introduced during the last six months by various companies including importers and manufacturers. The scenario in Arcylic lam segment is hotting up as numbers of arrivals and launches is swelling up signalling a piling up of oversupply as happening in louvers and rafters segment.
There around 20-30 folders floated in each of the metro cities by various players in acrylic segment which also helping the trend building up to even smaller cities. The recent survey finds that a dozen domestic companies are working on the manufacturing of acrylic sheets, and within a year, the market will see more acrylic folders from the houses of Indian companies.
The experts in this segment said to the Ply Reporter, that if any product moves forward, its supply increases with acceptance in the market. As a result of the rising demand, importers and many domestic players concentrated on it, causing the supply to increase and the extra cushion of margin shrink. From the beginning of December, the prices of Acrylic Laminates have dropped by upto 10 % in different thicknesses largely for un branded players or supply base category.
It is to be noted that acrylic sheets are available in different thicknesses in the market ranging from 1 mm to 2 mm. The OEM segment rely mainly of 2.00 mm category where as retail sellers prefer to trade with below 1.5 mm segment. Retailers view that 1 mm acrylic laminate has seen significant growth in the market due to its economical pricing ; however, in the quality segment, the most preferable thickness is 1.3 mm to 1.5 mm.
According to the report, with the surge in the growth of acrylic laminate, the PVC laminate market got badly hit in big cities, and the market share has been grabbed by acrylic. Folders from imported acrylic laminate brands such as Glorio, Rang, Euro Pratik and others. In the "Make in India" categories, Advance, Acrymica, Meraki, Skydecor etc Acrylic laminate folders are popular with retailers.
With the efforts of retailers, carpenters are also taking an interest in the application of acrylic laminate. With growing awareness and a very clear glass appearance, acrylic sheets look attractive and enhance the beauty of furniture.