The Indian plywood markettouched a worth of INR 222.5 Billion in 2020. Seeingonward, the Indian plywood market to displayreasonable growth during 2021-2026. Due to innovation in technology, plywood cost has become very affordable, even for a common person.
Plywood is industrial made by accumulating thin layers of wood veneers fused together using potent adhesives. Softwoods, hardwoods, or anamalgamation of the two is used, such as numerousvariations of maple, mahogany, oak, pine, cedar, spruce, etc., in the manufacture of plywood for numerous applications.
Softwood plywood sheets are intended for installation on the external of a structure, whereas, hardwood plywood is used for manufacturing furniture and other interior applications. In India, plywood is typically used for the manufacturing of furniture, accounting for two-thirds of the wood intake.
Indian Plywood Market Trends and Drivers:
In the past decades, the spending on furniture has augmented as a result of cumulative incomes, development, venture in real estate, western influence, etc.
Furthermore, the outline of new designs and varied product range of furniture have further aided in creating a request among the consumers. Increasingsupply network and special outlets of furniture manufacturers in the area has also helped in persuading the market for plywood.
This report delivers a deep insight into the Indian plywood industry casing all its vital aspects. This ranges from macro indication of the market to micro details of the industry recital, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an Indian plywood manufacturing plant.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian plywood manufacturing industry and the market forecast for the period 2021-2026. Our report hascategorized the market based on residential & commercial applications, organised & unorganised sector, new construction & replacement and region.
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