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Wood Based Panel Market Trends

Report ID: GMI6553
Published Date: Aug 2023
Report Format: PDF

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Wood Based Panel Market Trends

Increasing consumer and industry emphasis on sustainability drove demand for wood-based panels made from certified sustainable sources and using low-emission adhesives. Advances in manufacturing technology and processes were leading to the development of more efficient and sustainable wood-based panel production methods. The exploration of bio-based adhesives and alternative raw materials for wood-based panels was gaining traction to reduce the environmental impact of production.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market value for wood based panel was around USD 194.5 billion in 2022 and will reach USD 330.3 billion by the end of 2032.

Plywood segment share was USD 42.7 billion in 2022 and is expected to witness substantial growth through 2032 due to the plywood's strength, versatility, and structural integrity that make it a preferred choice for applications such as roofing, flooring, and wall sheathing.

U.S. market size was USD 40.2 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 due to the expansion of commercial spaces, office buildings, retail centers, and other commercial properties.

Georgia-Pacific LLC (Koch Industries), West Fraser Timber Co. Ltd., Weyerhaeuser Company, Norbord Inc., Arauco, Louisiana-Pacific Corporation (LP), EGGER Group, Kronospan, U.S. Lumber Group LLC, Swiss Krono Group, Roseburg Forest Products, Ainsworth Lumber Co. Ltd., Panels & Furniture Group (PFM Group), Boise Cascade Company, Pfleiderer Group S.A. among others.