The month of April was slow with respect to demand in the wood panel industry. The sales volumes on retail sides have shown a dip across the country. For which the reason identified is, lack of workers and carpenters on sites.
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The rise of quality products in interior of homes will increase the demand for health friendly and safe products. The next imminent boost expected in interior sector is decorative Acrylic sheets or Acrylic boards.
Over the last few years, a growing trend in the furniture industry has been the rise of MDF as a material of choice for furniture makers and consumers. MDF- Medium-Density Fiberboard, is widely used in most furniture pieces and is widely accepted as
Overcapacity in laminate manufacturing is continuously eroding the share of value proposition in decorative laminate category. Year 2021 is expected to witness the acceleration in erosion of 0.8 mm market share.
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