Panel Furniture Raw Material Market Report 2026

The panel furniture raw material market size has grown strongly in recent years. It will grow from $88.78 billion in 2025 to $94.39 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to expansion of ready-to-assemble furniture markets, growth in residential construction, increasing adoption of panel-based furniture designs, availability of cost-effective engineered materials, rising urbanization trends.

The panel furniture raw material market size is expected to see strong growth in the next few years. It will grow to $119.25 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing demand for sustainable furniture materials, rising investments in automated furniture manufacturing, expansion of commercial interior projects, growing focus on recyclable panel materials, increasing adoption of digital furniture design tools. Major trends in the forecast period include increasing demand for engineered wood panels, rising adoption of pre-laminated furniture boards, growing use of lightweight high-strength materials, expansion of modular furniture manufacturing, enhanced focus on surface finish quality.

The rise in residential and commercial construction activities is expected to drive the growth of the panel furniture raw material market in the coming years. Residential and commercial construction activities involve the building, renovation, or maintenance of housing units (residential) and business-related buildings such as offices, retail spaces, and industrial facilities (commercial). This increase in construction is mainly fueled by rapid urbanization, which is boosting the demand for housing and infrastructure to accommodate expanding urban populations. Panel furniture raw materials play a key role in these construction activities by enabling the efficient manufacture of modular and space-saving furniture solutions that complement contemporary architectural designs and interior layouts. For example, in July 2024, the UK’s Office for National Statistics reported that total investment in the infrastructure sector reached $16 billion (£13.8 billion) in 2023, marking a 3.9% increase from 2022. Meanwhile, general government investment in infrastructure rose by 9.6% in 2022, totaling $30.2 billion (£26 billion) in current prices compared to the previous year. Thus, the growth in residential and commercial construction activities is contributing to the expansion of the panel furniture raw material market.

Leading companies in the panel furniture raw material market are focusing on developing innovative products, such as furniture finishes and door materials, to align with changing design trends, improve durability, and meet growing eco-friendly consumer preferences. Furniture finishes and door materials consist of engineered wood panels and surface coatings used to enhance the appearance, durability, and functionality of furniture surfaces and door panels. For instance, in September 2024, Dongwha Enterprise Co., a South Korean wood-based manufacturer, introduced an eco-friendly furniture finish material. This product is made from E0-grade boards that are environmentally friendly, designed to safeguard indoor air quality and reduce the effects of new house syndrome caused by harmful emissions. It also features an ACP surface, an acrylic-based material that is low-maintenance and fully recyclable.

In July 2024, EGGER Group, an Austria-based manufacturer of wood-based materials, acquired Thai Panel Plus for an undisclosed sum. This acquisition aims to provide EGGER Group with access to a broad range of resources and advanced technology, enhancing its ability to serve customers. Thai Panel Plus is a Thailand-based producer of panel furniture raw materials.

Major companies operating in the panel furniture raw material market are Century Plyboards Ltd., Greenply Industries Limited, Georgia-Pacific LLC, Weyerhaeuser Company, West Fraser Timber Co. Ltd., Boise Cascade Company, Arauco, Canfor Corporation, Egger Group, Kronospan Limited, Louisiana-Pacific Corporation, Sonae Arauco, Swiss Krono Group, Roseburg Forest Products Co., Tolko Industries Ltd., Dongwha Enterprise Co. Ltd., Norbord Inc., Pfleiderer Group, Masisa S.A., Kastamonu Entegre, SierraPine, Sampoerna Kayoe Ltd., Greenpanel Industries Limited.

Asia-Pacific was the largest region in the panel furniture raw material market in 2025. The regions covered in the panel furniture raw material market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the panel furniture raw material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The panel furniture raw material market consists of sales of flexible laminated boards, melamine-faced boards, and orientated strand board (OSB). Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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