India’s Decorative laminates export has continued its growth momentum, and become the world leader in the global decorative market. India makes laminate sheets that have reached the entire world market including the USA, America, Europe, Australia and Asia. Over 30 Indian Laminates companies are engaged in Laminates export business, and shipped their high quality materials and designs to the global market.
Greenlam, Merino, Stylam, Crown Décor, Rushil Décor, Alfa Ica, Century Laminates, Amulya Mica, Airolam, Deco Mica, Virgo etc are the leading Indian HPL brands in overseas market followed by two dozen companies. Overseas brands like AICA, Formica have their manufacturing units in India. Wilsonart and other global brands are also looking to source materials from India due to quality, designs and service.
As per Phillip Capital report, Global decorative laminates market will see 6% CAGR over FY22-27 to reach US$ 60.2bn. Indian laminates exports have seen 11% CAGR over FY13-18 and 15% over FY18-22. Organized players share in laminate exports has increased to 75% in FY22 vs 52% in FY17.
With a target to spread a strong footprint in the global market, over 20 Indian laminate companies are showcasing its products in Interzum, Germany, which is known for the best exhibition of surface décor material in the world. The India’s leading wood and decorative panel sector magazine, Ply Reporter also exhibits in Interzum, with the objective to identify more avenues for Indian companies to ship materials and source good quality raw materials.