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NEW YORK , March 14, 2022 /PRNewswire/ -- The latest Particle Board Market in India research report by Technavio infers that the increasing demand for furniture from the office space and hospitality sectors in India is driving this market's growth.
Resulting in the market growth of USD 530.26 million from 2021 to 2026, read additional information about the market, get a FREE sample report.
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.
Action Group, Archidply Decor Ltd., Asian Prelam Industries Pvt. Ltd., Associate Decor Ltd., Century Plyboards Ltd., DMK Particleboard LLP, EverGreen Boardlam Pvt. Ltd., Krifor Industries Pvt. Ltd., Shirdi Industries Ltd., and The Decorative Laminates (India ) Pvt. Ltd. among others are some of the few key vendors competing to maintain their market position in the market.
Various players in the market are engaging in strategic partnerships and joint ventures coupled with launching differentiated products to up their game in the particleboard industry.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
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Latest Trends, Driving the Particle Board Market in India
These materials are used to make shelf structures, storage containers, and floors for usage in offices, hotels, restaurants, cafes, and other lodgings. Office space leasing in India is predicted to expand by 22% in 2021, according to Savills India, due to factors such as good government reforms, greater national economic activity, and others.
Particleboard easily absorbs moisture and, even when exposed to low moisture levels, can cause it to shrink, expand, warp, and bend, all of which are undesirable. Furthermore, when compared to other home interior materials such as plywood, particle boards are not sturdy enough. Because of its poor strength and vulnerability to injury, it should be treated with caution. As a result, the particle board market in India is likely to develop slowly over the forecast period due to its low durability and resistance to moisture and humidity.
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Particle Board Market Scope in India
Accelerate at a CAGR of 5.35%
Leading companies, Competitive strategies, Consumer engagement scope
Action Group, Archidply Decor Ltd., Asian Prelam Industries Pvt. Ltd., Associate Decor Ltd., Century Plyboards Ltd., DMK Particleboard LLP, EverGreen Boardlam Pvt. Ltd., Krifor Industries Pvt. Ltd., Shirdi Industries Ltd., and The Decorative Laminates (India) Pvt. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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Exhibit 08: Value chain analysis: Building products
Exhibit 09: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
Exhibit 13: Five forces analysis 2021 & 2026
Exhibit 14: Bargaining power of the buyer
Exhibit 15: Bargaining power of the supplier
Exhibit 16: Threat of new entrants
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by End user
Exhibit 20: End user- Market share 2021-2026 (%)
Exhibit 21: Comparison by End user
5.3 Residential - Market size and forecast 2021-2026
Exhibit 22: Residential - Market size and forecast 2021-2026 ($ million)
Exhibit 23: Residential - Year-over-year growth 2021-2026 (%)
5.4 Commercial - Market size and forecast 2021-2026
Exhibit 24: Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Commercial - Year-over-year growth 2021-2026 (%)
5.5 Industrial - Market size and forecast 2021-2026
Exhibit 26: Industrial - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Industrial - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by End user
Exhibit 28: Market opportunity by End user
6. Market Segmentation by Sales Channel
Exhibit 29: Sales channel - Market share 2021-2026 (%)
Exhibit 30: Comparison by Sales channel
6.3 Offline - Market size and forecast 2021-2026
Exhibit 31: Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Offline - Year-over-year growth 2021-2026 (%)
6.4 Online - Market size and forecast 2021-2026
Exhibit 33: Online - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Online - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Sales channel
Exhibit 35: Market opportunity by Sales channel
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
8.1.1 Increasing demand for furniture from the office space and hospitality sectors in India
8.1.2 Being lightweight, they can be easily transported and handled
8.1.3 Rising number of infrastructural and construction activities
8.2.4 Threat of substitute from medium density fiberboard (MDF)
Exhibit 37: Impact of drivers and challenges
8.3.1 Significant growth in the construction industry
8.3.2 Easy installation and informal alterations
8.3.3 Development of particle boards with high insulation capacity
Exhibit 42: Market positioning of vendors
Exhibit 43: Action Group - Overview
Exhibit 44: Action Group - Product and service
Exhibit 45: Action Group - Key offerings
Exhibit 46: Archidply Decor Ltd. - Overview
Exhibit 47: Archidply Decor Ltd. - Product and service
Exhibit 48: Archidply Decor Ltd. - Key offerings
10.5 Asian Prelam Industries Pvt. Ltd.
Exhibit 49: Asian Prelam Industries Pvt. Ltd. - Overview
Exhibit 50: Asian Prelam Industries Pvt. Ltd. - Product and service
Exhibit 51: Asian Prelam Industries Pvt. Ltd. - Key offerings
Exhibit 52: Associate Decor Ltd. - Overview
Exhibit 53: Associate Decor Ltd. - Product and service
Exhibit 54: Associate Decor Ltd. - Key offerings
Exhibit 55: Century Plyboards Ltd. - Overview
Exhibit 56: Century Plyboards Ltd. - Business segments
Exhibit 57: Century Plyboards Ltd. - Key News
Exhibit 58: Century Plyboards Ltd. - Key offerings
Exhibit 59: Century Plyboards Ltd. - Segment focus
Exhibit 60: DMK Particleboard LLP - Overview
Exhibit 61: DMK Particleboard LLP - Product and service
Exhibit 62: DMK Particleboard LLP - Key offerings
Exhibit 63: EverGreen Boardlam Pvt. Ltd. - Overview
Exhibit 64: EverGreen Boardlam Pvt. Ltd. - Product and service
Exhibit 65: EverGreen Boardlam Pvt. Ltd. - Key offerings
Exhibit 66: Krifor Industries Pvt. Ltd. - Overview
Exhibit 67: Krifor Industries Pvt. Ltd. - Product and service
Exhibit 68: Krifor Industries Pvt. Ltd. - Key offerings
Exhibit 69: Shirdi Industries Ltd. - Overview
Exhibit 70: Shirdi Industries Ltd. - Product and service
Exhibit 71: Shirdi Industries Ltd. - Key offerings
10.12 The Decorative Laminates (India ) Pvt. Ltd.
Exhibit 72: The Decorative Laminates (India ) Pvt. Ltd. - Overview
Exhibit 73: The Decorative Laminates (India ) Pvt. Ltd. - Product and service
Exhibit 74: The Decorative Laminates (India ) Pvt. Ltd. - Key offerings
11.2 Currency conversion rates for US$
Exhibit 75: Currency conversion rates for US$
Exhibit 77: Validation techniques employed for market sizing
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