The plywood market in India is driven primarily by an increase in expenditure on furniture, rising disposable incomes, west influence, urbanization, etc. have all emerged as important factors for the increase in its demand.

Moreover, large investments in the real estate industry have triggered a growth in the demand for plywood where it is extensively being used for the construction of modular kitchens, and designing walls, floor and ceiling.

This has further been promoted by expanding distribution networks and exclusive outlets of furniture manufacturers.

Plywood is manufactured from thin sheets of wood veneer that are glued together with binding agents. Several varieties of softwood, hardwood, or a combination of these is used in the manufacturing of plywood.

Some of the varieties of softwood and hardwood used for the production of plywood are maple, mahogany, oak, pine, cedar, spruce, etc. In India, it is used for various applications as it offers resistance against shrinkage, splitting, cracking, and twisting.

The market is segmented on the basis of sector, including unorganised and organised. The market is also segmented on the basis of key applications. The major application areas for plywood are commercial and residential. The residential sector is the biggest consumer of Indian plywood, accounting for the majority of the share.

Some of the key players operating in the plywood market are Greenply, Century Plyboards Limited, Merino, Kitply, and Uniply.

here is company details.

 

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