Product Code: ETC031724 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Particle Board Market registered a growth of 16.85% in value shipments in 2022 as compared to 2021 and a decrease of -1.75% CAGR in 2022 over a period of 2017. In Particle Board Market India is becoming more competitive as the HHI index in 2022 was 2205 while in 2017 it was 3439. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Particle Board Market.
India particle board market is projected to grow at a significant growth rate during the forecast period (2020-2026). The increasing demand for furniture in residential and commercial sectors along with growing construction activities, especially in developing countries like India are driving the growth of the particle board market. Particle boards are used extensively as a substitute for plywood due to their low cost and easy availability. Growing disposable income of people living in urban areas has also influenced their purchasing power which has increased demand for better quality furniture made from wood composite products such as particle board. Therefore, these factors are expected to drive the particle board market over the forecast period.
? Increasing Demand for Furniture: The booming real estate sector along with rising population in India is fuelling demand for furniture in both residential and commercial establishments across major cities like Delhi NCR, Mumbai, Bangalore etc. This increasing trend is likely to augment sales of particleboard over the coming years on account of its lower costs compared with solid wood or plywood substitutes. Moreover, advancements in technology have enabled production companies to manufacture highly decorative high density fiberboard facings that offer an attractive finish similar to veneers but at affordable prices which makes it more preferable among customers than other alternatives available in the market thus leading towards an increase in its demand across various applications including kitchen cabinets, flooring panels & door components among others.
? Growing Construction Activities Across Major Cities In India : Over recent years there has been an exponential rise seenin terms of development activities across many Indian cities owingto infrastructural developments undertaken by government initiativessuch as Smart Cities Mission etc., rapid industrialization coupledwith growing FDI inflows into manufacturing industries located inthese regionshas further led towards spikeininvestment influx from global conglomerates into Indian markets leading towards expansion of existing company foot prints as well as establishment of fewer start-up ventures in various industry verticals including retail and services etc..This surging demand for in frastructure and accommodative facilities is likely to drive the consumption of particle boards in the country during the forecast period(2020-2026).
Fluctuating Cost Of Raw Materials Used In Manufacturing Process : One key challenge faced by manufacturers operating within this industry revolves around raw material procurement costs associated with production processes involved while creating different types offurniture panelsfromparticleboards
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Particle Board Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Particle Board Market Revenues & Volume, 2020 & 2030F |
3.3 India Particle Board Market - Industry Life Cycle |
3.4 India Particle Board Market - Porter's Five Forces |
3.5 India Particle Board Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Particle Board Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 India Particle Board Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Particle Board Market Trends |
6 India Particle Board Market, By Types |
6.1 India Particle Board Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Particle Board Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 India Particle Board Market Revenues & Volume, By Standard Chipboard, 2020-2030F |
6.1.4 India Particle Board Market Revenues & Volume, By Melamine Veneered Chipboard, 2020-2030F |
6.1.5 India Particle Board Market Revenues & Volume, By Flooring Grade Chipboard, 2020-2030F |
6.1.6 India Particle Board Market Revenues & Volume, By Wood Veneered Chipboard, 2020-2030F |
6.1.7 India Particle Board Market Revenues & Volume, By Plastic Veneered Chipboard, 2020-2030F |
6.1.8 India Particle Board Market Revenues & Volume, By Other, 2020-2030F |
6.2 India Particle Board Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Particle Board Market Revenues & Volume, By Construction, 2020-2030F |
6.2.3 India Particle Board Market Revenues & Volume, By Furniture, 2020-2030F |
6.2.4 India Particle Board Market Revenues & Volume, By Infrastructure, 2020-2030F |
6.2.5 India Particle Board Market Revenues & Volume, By Other, 2020-2030F |
7 India Particle Board Market Import-Export Trade Statistics |
7.1 India Particle Board Market Export to Major Countries |
7.2 India Particle Board Market Imports from Major Countries |
8 India Particle Board Market Key Performance Indicators |
9 India Particle Board Market - Opportunity Assessment |
9.1 India Particle Board Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Particle Board Market Opportunity Assessment, By Application, 2020 & 2030F |
10 India Particle Board Market - Competitive Landscape |
10.1 India Particle Board Market Revenue Share, By Companies, 2023 |
10.2 India Particle Board Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |