In 2023, Acrylic sheets dominated the market in India, and the trend is expected to continue in 2024. The upcoming year will see the introduction of new designs, more natural sheets, and improved-finished louver panels. Louver panels are anticipated to maintain their popularity in 2024 as well.
The entry of many new manufacturers in Gujarat, Maharashtra, Delhi-NCR and Punjab in the Louver panels segment are expected to increase the supply, contributing to a wider affordability and distribution of these products in 2024.
The demand for Acrylic sheets is on the rise, and the introduction of more acrylic sheets with new colors in India is expected to sustain this momentum in 2024. The ability of acrylic sheets to meet the increasing demand, particularly in the context of the growing acceptance of ready-made furniture in kitchens and wardrobes, will contribute to its continued prominence in 2024. The trend is expected to extend to tier 2 & 3 cities in India.
Similarly, the fluted and veneer segments are anticipated to maintain momentum, with fluted and crafted veneers taking the lead. Overall, the decorative space in India is likely to see a continued trend where louvers and acrylic sheets, whether in acrylic or charcoal, will persist in popularity across various applications, including doors, wall paneling, and exteriors.
There is a likelihood that the market will witness deeper penetration into various segments in 2024. The introduction of new products is anticipated to generate excitement in the louvers market, aligning with the expectations from ground reports provided by the Ply Reporter.