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Wood Panels - Global Strategic Business Report

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    Report

  • 234 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338392

Global Wood Panels Market to Reach $224.4 Billion by 2030

The global market for Wood Panels estimated at US$160.4 Billion in the year 2022, is projected to reach a revised size of US$224.4 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Plywood, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$88.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Particleboard segment is readjusted to a revised 4.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $43.7 Billion, While China is Forecast to Grow at 7.2% CAGR

The Wood Panels market in the U.S. is estimated at US$43.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$47.1 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30 Billion by the year 2030.

Select Competitors (Total 123 Featured) -

  • Boise Cascade Company
  • Caledonian Plywood Company Ltd.
  • Canfor Corporation
  • Duratex SA
  • Fletcher Building Limited
  • FRITZ EGGER GmbH & Co. OG
  • Gascogne SA
  • Georgia-Pacific LLC
  • Kastamonu Entegre Agaç Sanayi ve Ticaret A.S.
  • Kronospan Limited
  • Mohawk Industries, Inc.
  • Norbord Inc.
  • Pfleiderer Group Spólka Akcyjna
  • PotlatchDeltic Corporation
  • Rougier S.A.
  • Sonae Indústria
  • Svenska Cellulosa Aktiebolaget
  • Tolko Industries Ltd.
  • UPM-Kymmene Oyj
  • West Fraser Timber Co. Ltd.


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Wood Panels

What is the estimated value of the Global Market for Wood Panels?

The Global Market for Wood Panels was estimated to be valued at $160.4 Billion in 2022.

What is the growth rate of the Global Market for Wood Panels?

The growth rate of the Global Market for Wood Panels is 4.3%, with an estimated value of $224.4 Billion by 2030.

What is the forecasted size of the Global Market for Wood Panels?

The Global Market for Wood Panels is estimated to be worth $224.4 Billion by 2030.

Who are the key companies in the Global Market for Wood Panels?

Key companies in the Global Market for Wood Panels include Boise Cascade Company, Caledonian Plywood Company Ltd., Canfor Corporation, Duratex SA, Fletcher Building Limited, FRITZ EGGER GmbH & Co. OG, Gascogne SA, Georgia, Pacific LLC and Kastamonu Entegre Agaç Sanayi ve Ticaret A.S..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Wood Panels: Affordable, Proven, Innovative, and Sustainable Value Added Wood Products
  • Growth Drivers for the Wood Panels Market: On a Scale of 1 - 10 (10 - High Impact;1 - Low Impact)
  • Growth Dampeners for Wood Panels Market: On a Scale of 1 - 10 (10 - High Impact; 1 - Low Impact)
  • Recent Market Activity
  • Wood Based Panels Production and Capacity: Leading Countries Worldwide
  • Reasonable Tree Harvesting to Benefit Wood Production and Use
  • Myriad Applications in the Construction Industry Drive Widespread Market Adoption
  • Recovery in Construction Activity Worldwide Offer Bright Prospects for the Wood Panels Market
  • Residential Replacements: The Primary Demand Driver
  • Rapid Modernization and Infrastructure Development: Another Major Demand Driver for Wood Based Panels
  • Global Market Outlook
  • Developing Asian Countries Dominate Consumption and Offer Lucrative Growth Opportunities
  • Upward Movement in Construction Activity to Drive Strong Market Gains
  • Competition: Mergers, Acquisitions, and Investments Characterize the Market
  • Leading Players: Global Ranking
  • Global Ranking of the Top 15 Wood Based Panel Producers (in Terms of Volume Capacity): 2018
  • Global Ranking of the Top 10 OSB Producers (in Terms of Volume Capacity): 2018
  • Wood Panels - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Boise Cascade Company (USA)
  • Caledonian Plywood Company Ltd. (UK)
  • Canfor Corporation (Canada)
  • Decorative Panels International, Inc. (USA)
  • Duratex SA (Brazil)
  • FRITZ EGGER GmbH & Co. OG (Austria)
  • Fletcher Building Limited (New Zealand)
  • Gascogne SA (France)
  • Georgia-Pacific LLC (USA)
  • GreenPly Industries Limited (India)
  • J.M. Huber Corporation (USA)
  • Kastamonu Entegre Agaç Sanayi ve Ticaret A.S. (Turkey)
  • Kronospan Limited (Austria)
  • Louisiana-Pacific Corporation (USA)
  • Mohawk Industries, Inc. (USA)
  • Norbord Inc. (Canada)
  • Ainsworth Lumber Co. Ltd. (Canada)
  • Pfleiderer Group Spólka Akcyjna (Poland)
  • PotlatchDeltic Corporation (USA)
  • Rougier S.A. (France)
  • Svenska Cellulosa Aktiebolaget (Sweden)
  • Sonae Indústria, S.G.P.S., S.A. (Portugal)
  • Tolko Industries Ltd. (Canada)
  • UPM-Kymmene Oyj (Finland)
  • West Fraser Timber Co. Ltd. (Canada)
  • Weyerhaeuser NR Company (USA)
3. MARKET TRENDS & DRIVERS
  • Rising Popularity of Oriented Strand Board, the Stronger Variety of Particleboard, Drive Steady Market Growth
  • Versatility, Consistency, Affordability, Excellent Shear Strength, Longer Lengths, and Sustainability Drive OSB Adoption
  • OSB Steadily Gain Acceptance in the Construction Industry
  • Growing Focus on CLT Panels for Wooden 'Plyscrapers' to Boost Market Demand
  • Challenges and Opportunities
  • CLT Panels Set to Revolutionize Industrial Architecture
  • CLT Scores over Steel and Concrete in Terms of Ecological Benefits
  • Future Applications of CLT
  • Superior Attributes over Solid Wood and Other Substitutes Drive Surging Demand for Medium Density Fiberboard (MDF)
  • MDF Scores over Solid Wood as a Material of Choice for Designing Cabinet Doors
  • MDF: An Ideal Choice and a Cheaper but Strong Alternative to Solid Wood
  • Plywood: The Dominant Wood Panel Category Continue to Witness Healthy Growth
  • Wood Panel Innovations: Spearheading Market Growth
  • Step Panels for the Future
  • Researchers under I-PAN Project Develop Novel Wood Panels
  • Mass-Timber Construction Technique
  • MDF Recycling Innovation Set to Solve Retailers' Circular Economy Conundrum
  • Noteworthy Wood Product Innovations in Interior Design and Décor
  • Biodegradable MDF Panels
  • Wood Veneer Commercial Wall Coverings
  • Plankprints on Old Worn Wood
  • Wood Wall Paneling
  • The 'Green' Image of Wood Panels Drive Demand Growth
  • Go Green: The New Mantra for Plywood Manufacturers
  • Favorable Demographic & Economic Trends Strengthen Market Prospects
  • Exponential Increase in Urbanization
  • Population Growth
  • Burgeoning Middle Class Population
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Wood Panels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Wood Panels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Wood Panels by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Plywood by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Plywood by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Plywood by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Particleboard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Particleboard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Particleboard by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Medium Density Fiberboard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Medium Density Fiberboard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Medium Density Fiberboard by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Other Product Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Furniture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Furniture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Furniture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Wood Panels Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Wood Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Boise Cascade Company
  • Caledonian Plywood Company Ltd.
  • Canfor Corporation
  • Duratex SA
  • Fletcher Building Limited
  • FRITZ EGGER GmbH & Co. OG
  • Gascogne SA
  • Georgia-Pacific LLC
  • Kastamonu Entegre Agaç Sanayi ve Ticaret A.S.
  • Kronospan Limited
  • Mohawk Industries, Inc.
  • Norbord Inc.
  • Pfleiderer Group Spólka Akcyjna
  • PotlatchDeltic Corporation
  • Rougier S.A.
  • Sonae Indústria
  • Svenska Cellulosa Aktiebolaget
  • Tolko Industries Ltd.
  • UPM-Kymmene Oyj
  • West Fraser Timber Co. Ltd.