Global Wood-Based Panel Market To Reach $174 Billion By 2025

by | Jul 11, 2018 | News

Global Wood-Based Panel Market To Reach $174 Billion By 2025

 

The global wood-based panel market size is expected to reach $174.55 billion by 2025, registering a 7.7 percent compound annual growth rate (CAGR) during the forecast period, according to a new report by Grand View Research.

High demand as an insulating material for wall cladding, ceiling, roofing, and flooring applications is expected to boost market growth over the coming years, said the report “Wood-Based Panel Market Size, Share & Trends Analysis Report By Product (Plywood, MDF, Particleboard, Softboard, Hardboard), By Application (Furniture, Construction, Packaging), And Segment Forecasts, 2018 – 2025”.

The global industry is dynamic and highly competitive in nature. Investments, divestments, and regional expansions are key strategies adopted by players to strengthen their presence in the market.

On the down side, increasing raw material prices and lack of technological innovation are expected to be a key concern for industry players.

Innovations in the traditional woodworking industry to produce more sustainable products, such as MDF, particleboard, OSB, and HDF, which can be employed in specific application areas, are expected to boost market growth over the forecast period. Companies are investing in R&D activities to come up with environmentally-friendly manufacturing wood-based panels.

From Trade Arabia: tradearabia.com.

 

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Growing Industrialization Will Influence Engineered Wood Market Growth

by | Aug 30, 2017 | News

Engineered wood is also known as man-made wood or composite wood, and these are quite popular in recent times due to their cost effective and ecofriendly properties. These woods are formed of composite materials manufactured by binding the strands, fibers and particles all together with the help of suitable adhesives. These engineered woods can be made by utilizing wastes such as sawmill waste, rice straw, sugarcane bagasse, wheat straw and other wood wastes thus making them cost effective and environmentally friendly. Engineered wood is mainly used as a substitute to hardwood and concrete.

In many construction building projects, the products of engineered wood are used as an alternative of steel in beams. One of the advantages offered by engineered wood products is that it can be designed as per the demand and custom specifications of the end user. The main users of engineered wood products are construction developers, architects, designers etc. Promotion of green life and regulations concerning deforestation has led the global engineered wood market to expand with a decent pace.

Government norms and regulations such as Bharat stage emission standards or European emission standards regarding CO2 emissions are driving the market for engineered wood at whole different level. Owing to the factors like cost efficiency, enhanced quality, waste reduction and environmentally friendly nature, the engineered wood market is expected to witness significant growth in the market. There are certain innovations in the technologies and machining systems have been developed in order to improve the efficiency and quality of the products which are expected to further drive growth of the market.

Although the global engineered wood market has potential opportunities in the future still the manufacturers of engineered wood products face some challenges regarding durability and fire resistant properties of engineered wood products. There are certain adhesives like Urea-formaldehyde used in the manufacturing of engineered wood products which are quite toxic. Also some products such as particleboard may not be suitable for outdoor use as they are more prone to humidity. The ongoing developments regarding advanced grading and better material selection techniques is expected to result in improved definition of timber quality and efficient performance of the products.

From LANEWS.org: https://www.lanews.org/growing-industrialization-will-influence-the-engineered-wood-market-growth-2017-2027/

North American Construction Drives Plywood Market Growth

by | May 19, 2017 | News

The global plywood market is expected to expand by the end of 2017, according to Research Nester. Plywood will see increased demand from the construction of houses and other activities. Moreover, the economical price of the plywood will further drive the market.

The North American region has been consistently dominating the market globally, in terms of the market demand for plywood. This has been primarily due to high plywood consumption by the construction sector. It will be followed by North America and Europe occupying the second position in the market. Asia Pacific is anticipated to showcase robust growth in the next few years. Moreover, plywood market in Asia Pacific will further increase due to the massive growth in construction sector.

Apart from this, the countries with rich forests and woods such as India, Brazil and South Asian countries have the potential to be the key suppliers of plywood in the near future. Further, the growing indigenous demand for plywood in India as a result of rising disposable income among the growing middle and affluent class and the growing infrastructure in recent times is expected to make India an important consumer of plywood in the near future.

The growing demand for the plywood is driven by rising construction activities (both for residential and commercial purposes) and growing preferences for well-designed floors, home ceilings and walls. Robust population growth coupled with rising disposable income as well as rising preferences for branded plywood has expanded the plywood market at a global level.

From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/north-american-construction-drives-plywood-market-growth

U.S. Hardwood Veneer And Plywood Market Report 2016

by | Sep 14, 2016 | News

Research and Markets has announced the addition of the “U.S. Hardwood Veneer And Plywood Market – Analysis And Forecast to 2020” report to their offering.

The report provides an in-depth analysis of the U.S. hardwood veneer and plywood market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.

From 2007 to 2015, U.S. hardwood veneer and plywood market showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next six years. Finally, the market value reached 4,848 million USD in 2015. An increase in U.S. hardwood veneer and plywood market was supported by the growth of the housing and commercial building sectors and, as a result, the furniture sectors increased as well. That upward trend is likely to continue in the medium term.

Strong employment is the driver of market growth, which creates new income growth and advances consumer spending.

Affordable credit creates another impetus, which propels investments in construction and supports related industries. The performance of the market is forecast to continue with moderate growth, with an anticipated CAGR of +2.6% for the five-year period from 2015 to 2020.

From Yahoo.com: https://sports.yahoo.com/news/united-states-hardwood-veneer-plywood-111900041.html