Particle Board Market Size in India to Grow by USD 530.26 Mn| The increasing demand for furniture from the office space and hospitality sectors in India to boost market growth| Technavio
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.
Vendor Landscape
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.
Key Market Segmentation
- Segmentation by End User:
- Residential
- During the projected period, the residential segment's share of the particle board market in India will expand significantly. The expansion of the segment in focus will be fueled by the large increase in demand for particle board in the residential segment due to its use in flooring underlayment, partitioning or wall paneling, false ceilings, and other applications.
- Commercial
- Industrial
Request a FREE Sample of this report for more highlights into the market segments.
Latest Trends, Driving the Particle Board Market in India
- Market Driver:
- Increasing demand for furniture from the office space and hospitality sectors 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.
- Market Challenge:
- The low durability of particleboards:
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.
Find additional information about various other market drivers & trends mentioned in our FREE sample report.
Need More? Are You Looking for Information Not Covered in This Report?
- Want to understand more about the various research methodology?
- Evaluate a specific segment or region in detail
- Identify key suppliers, customers, or other market players
- Analyze market regulations
Tailor this report according to your needs. Get it done with our $1000 worth of free customization. Speak to Our Analyst Now!
Related Reports:
PVC Pipes Market by Product and Geography - Forecast and Analysis 2021-2025
Flexible Insulation Market by Material and Geography - Forecast and Analysis 2022-2026
Particle Board Market Scope in India | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 5.35% |
Market growth 2022-2026 | $ 530.26 million |
Market structure | Fragmented |
YoY growth (%) | 4.50 |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled | 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. |
Market dynamics | 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 |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 5
Exhibit 04: Key Finding 6
Exhibit 05: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 06: Parent market
Exhibit 07: Market characteristics
2.2 Value Chain Analysis
Exhibit 08: Value chain analysis: Building products
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Production operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Service
2.2.7 Support activities
2.2.8 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
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 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by End user
5.1 Market segments
Exhibit 20: End user- Market share 2021-2026 (%)
5.2 Comparison by End user
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
6.1 Market segments
Exhibit 29: Sales channel - Market share 2021-2026 (%)
6.2 Comparison by Sales channel
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
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 36: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market Driver
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 Market challenges
8.2.1 Low durability
8.2.2 Toxic to human health
8.2.3 Limited lifespan
8.2.4 Threat of substitute from medium density fiberboard (MDF)
Exhibit 37: Impact of drivers and challenges
8.3 Market trends
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
9. Vendor Landscape
9.1 Overview
Exhibit 38: Vendor landscape
9.2 Landscape disruption
Exhibit 39: Landscape disruption
Exhibit 40: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 41: Vendors covered
10.2 Market positioning of vendors
Exhibit 42: Market positioning of vendors
10.3 Action Group
Exhibit 43: Action Group - Overview
Exhibit 44: Action Group - Product and service
Exhibit 45: Action Group - Key offerings
10.4 Archidply Decor Ltd.
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
10.6 Associate Decor Ltd.
Exhibit 52: Associate Decor Ltd. - Overview
Exhibit 53: Associate Decor Ltd. - Product and service
Exhibit 54: Associate Decor Ltd. - Key offerings
10.7 Century Plyboards Ltd.
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
10.8 DMK Particleboard LLP
Exhibit 60: DMK Particleboard LLP - Overview
Exhibit 61: DMK Particleboard LLP - Product and service
Exhibit 62: DMK Particleboard LLP - Key offerings
10.9 EverGreen Boardlam Pvt. Ltd.
Exhibit 63: EverGreen Boardlam Pvt. Ltd. - Overview
Exhibit 64: EverGreen Boardlam Pvt. Ltd. - Product and service
Exhibit 65: EverGreen Boardlam Pvt. Ltd. - Key offerings
10.10 Krifor Industries Pvt. Ltd.
Exhibit 66: Krifor Industries Pvt. Ltd. - Overview
Exhibit 67: Krifor Industries Pvt. Ltd. - Product and service
Exhibit 68: Krifor Industries Pvt. Ltd. - Key offerings
10.11 Shirdi Industries Ltd.
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. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 75: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 76: Research Methodology
Exhibit 77: Validation techniques employed for market sizing
Exhibit 78: Information sources
11.4 List of abbreviations
Exhibit 79: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article