Image credit: Plywood Express
India’s residential sector is rapidly expanding especially in metro cities, followed by Tier-I and Tier-II cities. The constantly growing construction sector is, thus, likely to contribute immensely to the present edge bands market. Compared to most developed countries, the per capita furniture spending of India is very low, just about 3 dollars per annum. Given the present state of the Indian economy and the growing purchasing power of the middle class, furniture spending is expected to grow multi-fold. As a result of this, the furniture industry and all the associated industries including the edge banding industry are poised for a high growth rate in the future.
Continuous government spending on infrastructure projects, export growths, enhanc Read More.........