Organised laminate players/brands are looking better prospects of their Laminates business, and are going for further expansion in its laminates capacity this year, which will be expected to start commercial production by 2023. There is report that Greenlam Industries is going to set up its 3rd Laminates unit, and adding a capacity of 3.5 mn sheets annually. Century Laminates has also announced the capacity expansion of its Laminate manufacturing business. There is expansion plan in Merino Industries, AICA laminates, etc on card also. There are murmurs that few top brands are looking for plant acquisition also to expand their manufacturing base in other states’ but these are yet unconfirmed.
According to industry inputs, leading laminates brand expect to manage their profit margin and better realisation in FY 2022. Despite all odds during Pandemic, the performance by laminate players have been consistent compared to other surfacing products in interior space’ acknowledge the industry experts. Despite the disturbances during first and third quarters of FY 2021- 22, brands have successfully managed to sail through with better sales revenue and profits. The laminate export business too has reported to support organised brands due to good demand of laminates in Europe, USA and other overseas markets this year. Despite disturbance of Containers shortage, consistent dollar prices have also helped the laminate industry exporters.
Market also reports that the growing demand of premium quality laminates such as Anti Scratch, Super Gloss, Anti Finger, Super Matt, Color Core, Exterior Grade Cladding, etc are adding the value of brands and their profit margins. Year 2022 is visibly not very bullish for unorganised players but sensing the growing momentum, year 2022 and 2023 will be a growth bound spell for Branded laminates with over a dozen of new presses coming in play.