Thu. Jun 13th, 2024
Wood Based Panels Market

The new report by Expert Market Research titled, ‘Wood Based Panels Market Share, Size, Price, Trends, Growth, Analysis, Outlook, Report and Forecast 2021-2026, gives an in-depth analysis of the Wood Based Panels Market, assessing the market based on its segments like product, application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 7%
• Forecast Market Size (2026): USD 225 billion

Globally, growth in residential and commercial construction activities across major geographies are expected to fuel demand for wood-based panels. Wood based panel demand is expected to grow as a result of technological advances and improved productivity in manufacturing. Rapid rises in the cost of petroleum-based fuels and materials, on the other hand, continue to raise the production and marketing costs of wood-based panel products, impeding their development.

Wood Based Panels Industry Definition and Major Segments

Wood-based panel is a broad term that encompasses a wide variety of board products of varying engineering properties. Furniture, construction, and manufacturing both use wood-based panel products. Sawmills, log dealers, and reclaimed fiber brokers provide the raw materials needed to make wood-based panels, such as fiber wood and timber. Price volatility and inconsistency of raw material supplies are expected to be major sources of concern for market participants.

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By product, the market is divided into:

• Medium Density Fibreboard (MDF)
• Plywood
• Softboard
• Particleboard
• Hardboard
• High Density Fibreboard (HDF)
• Oriented Strand Board (OSB)

Based on application, the industry can be segmented into:

• Furniture
• Packaging
• Decoration
• Construction
• Others

The regional markets for wood-based panels include:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Wood Based Panels Market Trends

The demand for wood-based panels is expected to rise as investments in residential and commercial construction activities increase across major geographies. Furthermore, the public-private collaborations for the development of the construction sector in developing economies like India, China, and Saudi Arabia are expected to boost business growth.

Moreover, In the medium term, rising demand from Asia-infrastructure Pacific’s sector is propelling the industry forward. Whereas price volatility and inconsistency of raw material supplies are expected to be major sources of concern for market participants.

Key Market Players

The major players in the market are EGGER Group, Norbord Inc. (West Fraser), Kronoplus Limited, Dongwha Group, Georgia-Pacific LLC and others. The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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Contact Person: James Rowan, Business Consultant
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