Indian High-Pressure Decorative Laminates Sector has consistently maintained its growth momentum in capacity expansion despite of new challenges due to Covid Pandemic. As per market reports, Indian decorative laminate sector will be totaled to add up another 20 new hot presses by end of this year 2020. Among half a dozen presses are new manufacturing establishments located in Uttar Pradesh, Rajasthan, West Bengal and Hyderabad, whereas most of the new presses are adding in present manufacturing units located in Gujarat, Uttar Pradesh, Yamuna Nagar, Hyderabad and Karnataka.
According to Ply Reporter’s estimate, India will be adding up another 30 million annual capacity in year 2020 alone. As reported from machinery manufacturers communications, most of the new presses are above 16 daylights manufacturing capacity. The growth momentum in capacity expansion in laminate category point towards a better performance in sector which defies slowdown logic in economy and demand challenges, although a contradictory opinion is there about fragmentation of India market, where growth is missing but market shift from one player to another is actually happening.
As per reports, present laminates producers such as Dolby Mica, Monal Laminates, Amba Laminates, Kridha laminates, Manilam, Vidya Lam, Divya Sai Laminates, Sri Deva Laminates, Sunder Synthetic, Salasar Wood, Artis Lam, LRB laminates etc are going for expansion by adding new hot presses, whereas Gorakhpur Based Splice Ply, Jaipur based MM Laminates, Ghaziabad based Daya Laminates are setting up new manufacturing lines.
According to The Ply Reporter gathered reports, a dozen of Yamunanagar, Uttar Pradesh and North East based Plywood producers are planning to enter in decorative Laminate manufacturing. Many of the producers are evaluating investments, land, locations and market demand before they enter finally. What we at The ply Reporter can feel that, more capacity addition will be reported in 2021 in India’s HPL sector and the margins per sheet will further fall and bring pressure on weak players.