The Latest Research Study by IMARC Groups titled “Plywood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the plywood market share.
The global plywood market size reached US$ 45.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 62.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.27% during 2023-2028. Plywood refers to a type of manufacturing board made from thin layers of wood veneers, which are glued together at right angles. A thin outer layer of additional materials, such as plastic, resin-impregnated paper, fabric, or Formica, can be added to the face and back veneers to enhance durability. These components also prevent the plywood from moisture, abrasion, and corrosion and facilitate better binding of paints and dyes.
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Global Plywood Market Trends:
The escalating product demand, as it has high structural strength, flexibility, and resistance against chemicals and fire and provides insulation against sound and excessive heating, is among the key factors stimulating the plywood market. Moreover, the widespread adoption of manufacturing boards across the construction sector for making doors, stairs, external cladding, flooring, framing, interior rails and balustrades, internal paneling, and timber joinery products is acting as another significant growth-inducing factor. Besides this, the increasing utilization of the product across the marine sector, as it withstands occasional exposure to seawater without decaying or deteriorating is positively influencing the global market. Furthermore, several technological advancements by the leading companies have reduced manufacturing costs and also enhanced profitability and the quality of plywood products are also propelling the market growth. Apart from this, the rising usage of the go-green strategy by product manufacturers is further fueling the product demand. Additionally, the inflating availability of numerous types of manufacturing boards among the masses designed with low toxicity and enhanced durability and aesthetics and environmental sustainability is anticipated to fuel the plywood market over the forecasted period.
Plywood Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the plywood market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Georgia-Pacific LLC
- PotlatchDeltic Corporation
- Weyerhaeuser Company Ltd.
- Boise Cascade Company
- UPM-Kymmene Oyj
- SVEZA Forest Ltd.
- Metsä Wood (Metsäliitto Cooperative)
- Latvijas Finieris AS
- Austral Plywoods Pty Ltd.
- Eksons Corporation Berhad (BHD)
Key Market Segmentation:
The report has segmented the global plywood market on the basis of residential and commercial application, new construction and replacement sector and region.
Breakup by Residential and Commercial Application:
- Residential
- Commercial
Breakup by New Construction and Replacement Sector:
- New Construction
- Replacement
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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