India Particle BoardCompanies (2024 - 2029)

India Particle Board Market Companies Summary

The COVID-19 pandemic had a significant impact on the operations of manufacturing firms in the particle board market. Factors such as disruptions in the supply chain, unavailability of personnel, lockdown of production facilities, and issues with raw material availability posed a challenge. However, the market witnessed positive growth in 2021, driven by the burgeoning construction industry. There is an expected increase in demand for particle boards in various applications in the future. The Indian particle board market is partially consolidated with the presence of various players across different states. The main contributors to the market's growth are the rising demand for furniture in office spaces and hospitality sectors. However, the availability of substitutes like medium-density fiberboard (MDF) could potentially hinder market growth. Future opportunities lie in upcoming construction and infrastructure projects in the country.