The skyrocketing prices of the key raw materials & chemicals like Phenol and Formaldehyde has relentlessly been pushing the plywoods, Doors & laminate manufacturers across the country to the edges.
In response to counter the recent geo-political escalations in the Middle-East, causing the severe disruptions in the global supply chain, resulting in the unprecedented shortages and extreme, price volatility for key raw materials
The ongoing tensions between US-Israel and Iran have taken its toll on the global raw material supply chains, consequently the price of imported raw materials and chemicals used in the manufacturing of MDF, Laminate, PB and Plywood are likely to witn
Due to rebound in furniture activity and rising faith in the quality of Indian plywood quality following the emergence of calibrated plywood, the demand scenario for wood products is expected to remain bullish.