The Indian wood-based panels’ sector shows positive dynamics this year thanks to the ongoing growth of the Indian national economy, which is fuelled by the supply of cheap Russian oil.
A significant growth of oil supplies from Russia in recent years has become one of the main factors which has contributed to the growth of the Indian construction sector and some related industries, including the segment of wood-based panels in recent years.
In terms of structure of the market, since the beginning of 2020s MDF remains the fastest-growing and most promising segment of the Indian boards market, accounting for the bulk of investments from major players.
Aaditya Sharda, a co-founder of Infra. Market, a leading building materials platform, recently told an interview with the Entrepreneur magazine, that India’s wood panel industry is growing rapidly, driven by rising demand for sustainable and versatile materials like MDF.
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