Indian woodbased panel producers set to do well in 2024

2023 it has been estimated that MDF consumption in India was around 7,000 cubic metres per day and looking ahead it is anticipated that the organised sector will expand capacity as the market outlook is positive. The production capacity for MDF in India is expected to grow at a faster rate in 2024 compared to 2023 fuelled by the arrival of bigger plants and new production lines. Additionally, it is anticipated there will be increased consumer acceptance of domestically produced MDF products, in part stemming from the implementation of Bureau of Indian Standards (BIS) regulations on quality effective ...

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