The louver panels will become the fastest growing decorative panels at retailer’s counters in line after Charcoal panels in 2022. Data and facts reveal the increased supply of these panels in the India market is about to grow due to a rise in the number of suppliers, especially manufacturing companies. Year 2022 will see a huge demand for louvers, which will be fuelled by increased supply of this product in the market..
The Ply Reporter also foresees that, Year 2022, will also witness price correction by around Rs 150 to 200 per square feet compared to 2020 base, due to increased availability and fast supplies. Due to new players entering the domestic markets and growing imports from South Korea and China supplies will certainly ease up in this new year.
Year 2022 is expected to witness, entry of 5 more players in this arena. Presently, two Indian companies are involved in Louvers panels manufacturing with dedicated plants and establishments. Year 2022 will mark the emergence of North India based manufacturers in this segment, which was earlier dominated by importers in western region. Companies in Northern India and Gujarat have tried to produce these panels on commercial levels but the outcome is expected in 2022.
Year 2022 will also see a surge in new importers and addition of stockists with growing product awareness, which will lead to a cut throat competition in the market and prices, will be seeing a significant drop. It is anticipated by the Ply Reporter study that Year 2022 will see soaring numbers of louver panel folders, each having 10-15 designs.
Louvers are a hot, new, popular product in the Indian market that has gained acceptance and high demand post covid, if you compare with other highlighters and decorative panels. Louvers are initially available in 8 ft x 5 inches sizes but many brands are offering in 9 ft size also. It applies on the wall panel for quick installation. Their beautiful look attracts users, and applications are growing in urban households.