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Pragat Dvivedi revealed Industry forecast during 6th annual conference of Indian Laminate Manufacturers Association

5th to 6th March 2018, 9:30 am
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6th International Conference on Laminates (ITCL) was organized by Indian Laminates Manufacturers Association (ILMA) in association with SesaSpA, Italy on March 5-6, 2018 in Gurugram, Delhi - NCR. The conference was sponsored by Glatfelter, Technocell, Sappi, Match Graphics, WIZ Chemicals, ITC and Balaji Formlin and supported by Shah International, Kotkamills and Surface Reporter magazine. The Ply Reporter magazine was supporting the ILMA initiative with its detailed analysis report that was presented on the 2nd day programme.

The two days conference was attended by more than 100 individual participants from countries like Germany, Italy, USA, Austria, China, India, Japan, etc. including representatives of different Indian High-Pressure laminate manufacturers, raw material suppliers and other service providers to the HPL & LPL industry.

One of the sessions of the conference was presented by Mr Pragat Dvivedi, Founder, and The Ply Reporter Magazine on ‘Indian HPL Industry and Market Trends’ who threw light on overall scenario of Indian Laminate Market &challenge year ahead. Insightful and market research driven, Mr Pragat Dvivedi, who is the head of Bigsea Market Research, spoke for an hour with key findings and predictions for future of HPL market. While speaking at the conference, he made predictions of which few critical points as below.

  • Indian Decorative Laminate Industry is of worth 6000 Crore.
  • There are 220 plus industries producing HPL in India.
  • The HPL manufacturing capacity has grown by 19 percent YOY during 2014 to 2018.
  • During FY 19, India will stand at a manufacturing capacity of 39 million sheets where production is at 21 million every month.
  • In 2018-19 we anticipate, that industry will witness around 12.75 percent volume growth but only 5 percent in value terms.
  • There are strong possibilities of consolidation in HPL industry where more than a dozen will face shutdown or run at less than 30 percent capacity of their plants by the end of 2019.
  • Mr Pragat Dvivedi said that “Indian laminate industry is certainly growing more in volume, less in value”. Value wise the actual growth in HPL is coming down. It dropped in 2016-17 due to changes in the economic environment in the country.

    He added that in 2018-19, we observe a further slowing growth in values of the whole industry because the prices per sheet have dropped significantly and there is a retardancy in growth in revenues at different brands. Mr Pragat Dvivedi also indicated the market trends, behaviours and present scenario of Indian HPL sector due to capacity addition led to the fierce price war.