The Indian plywood market reached a value of INR 222.5 Billion in 2020 and is expanding at a CAGR of 4.3% during 2021-2026. The Indian plywood market is primarily driven by the growing number of construction activities and the expanding home furnishing sector. In line with this, the increasing consumer disposable income levels, along with the rising expenditures on home décor, are also augmenting the demand for plywood. Moreover, the elevating levels of globalization have led to the introduction of modern home furnishing designs, thereby further driving the Indian plywood market. Additionally, the increasing number of refurbishment and renovation activities of the existing residential and commercial infrastructures is also catalyzing the plywood market. Besides this, the growing popularity of fully- or semi-furnished housing projects will continue to drive the demand for plywood in the coming years.
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Plywood is manufactured by assembling strong, thin layers of wood veneers glued and pressed together using powerful adhesives. Several wood varieties, including maple, mahogany, oak, pine, cedar, spruce, etc., are used in a combination to produce plywood for various applications. Softwood plywood sheets are designed and installed on the exterior of a structure, while on the other hand, hardwood plywood is used for manufacturing furniture and different interior variants.
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
Industry Trends
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
Indian Plywood Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the Indian plywood market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Uniply
Greenply
Kitply
Merino
Century Plyboards Limited
The report has segmented the Indian plywood market on the basis of sector, end use industry and region.
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