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Wood Panels - Global Market Trajectory & Analytics

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    Report

  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338392

FEATURED COMPANIES

  • Boise Cascade Company
  • Duratex SA
  • FRITZ EGGER GmbH & Co. OG
  • Georgia-Pacific LLC
  • Mohawk Industries, Inc.
  • Rougier S.A.
Global Wood Panels Market to Reach 658.1 Million Cubic Meters by 2027

Amid the COVID-19 crisis, the global market for Wood Panels estimated at 444.1 Million Cubic Meters in the year 2020, is projected to reach a revised size of 658.1 Million Cubic Meters by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Plywood, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach 259.6 Million Cubic Meters by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Particleboard segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at 119.6 Million Cubic Meters, While China is Forecast to Grow at 9.4% CAGR

The Wood Panels market in the U.S. is estimated at 119.6 Million Cubic Meters in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 144.4 Million Cubic Meters by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Medium Density Fiberboard Segment to Record 6.4% CAGR

In the global Medium Density Fiberboard segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 73.6 Million Cubic Meters in the year 2020 will reach a projected size of 111 Million Cubic Meters by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 90.9 Million Cubic Meters by the year 2027, while Latin America will expand at a 6.9% CAGR through the analysis period.

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.

FEATURED COMPANIES

  • Boise Cascade Company
  • Duratex SA
  • FRITZ EGGER GmbH & Co. OG
  • Georgia-Pacific LLC
  • Mohawk Industries, Inc.
  • Rougier S.A.

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
  • 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
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 123

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.