The Decorative Laminates and Medium Density Fibreboard (MDF) industry in India is poised for significant growth in the coming years. The growth potential is being driven by increasing consumer awareness of the benefits of decorative laminates and MDF in creating aesthetically superior interior spaces. With a wide range of colors, textures, finishes, and designs, these surface materials offer endless design options and applications from furniture to wall paneling and flooring.
MDF is an engineered product made of wood fibers bonded under high pressure using thermosetting resins and wax, forming beautiful panels by applying high temperature and pressure, for strength. Many MDF qualities make it an ideal replacement for wood, plywood, and particle boards. Decorative laminates are primarily used as furniture surface materials or for wall panelling. They are manufactured as either high- or low-pressure laminates and are available as sheets or rolls.
According to a research by IMARC Group, the Indian decorative laminates market is expected to reach US$2.3 billion by 2027, with a CAGR of 6.13% during 2022-2027. The MDF industry is also projected to grow at a CAGR of 15%-20% over the next five years, with MDF being used as a leading interior infrastructure material. The Indian government’s initiatives to boost the construction and real estate sectors are also driving growth of the decorative laminates and MDF industry. Two such initiatives are the government’s flagship programs Housing for All and Smart City Mission, which will further boost demand for interior décor materials and products.