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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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