Insulating Board Market in India
Market Overview
For the third consecutive year, the Indian insulating board market recorded decline in sales value, which decreased by -
% to $ in . In general, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption failed to regain momentum.
In value terms, insulating board production dropped modestly to $ in estimated in export price. Overall, production, however, saw a tangible increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Insulating board production peaked at $ in 2019; however, from to , production remained at a lower figure.
% to $ in . In general, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption failed to regain momentum.In value terms, insulating board production dropped modestly to $
in estimated in export price. Overall, production, however, saw a tangible increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by %. Insulating board production peaked at $ in 2019; however, from to , production remained at a lower figure.Consumption
In , consumption of insulating board decreased by -% to cubic meters, falling for the third year in a row after five years of growth. Overall, consumption recorded a mild shrinkage. Insulating board consumption peaked at cubic meters in 2019; however, from to , consumption remained at a lower figure.
The size of the insulating board market in India fell to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption failed to regain momentum.
, consumption of insulating board decreased by -% to cubic meters, falling for the third year in a row after five years of growth. Overall, consumption recorded a mild shrinkage. Insulating board consumption peaked at cubic meters in 2019; however, from to , consumption remained at a lower figure.The size of the insulating board market in India fell to $
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption failed to regain momentum.Market Forecast
Driven by rising demand for insulating board in India, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to cubic meters by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of insulating board in India were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for insulating board.
Trade Balance
India remains a net exporter of insulating board; in physical and value terms, exports consistently exceeded imports from 2009 to . In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report