Abstract
Manufacturing applications to offer brightest prospects
Demand for wood panels in the US is expected to decline about one percent per annum through 2010 to 62 billion square feet, as measured on a 3/8-inch basis. While construction applications, the major use for wood panels, will be adversely affected by a softening in new housing construction, wood panels will enjoy brighter prospects in manufacturing applications. Demand in the latter will increase one-half of one percent per year through 2010 to roughly 21 billion square feet. Wood panels will benefit from more rapid growth in domestic manufacturing activity compared to that of the 2000- 2005 period, which included the 2001 economic recession and a further year of fitful economic growth. Among manufacturing markets, transportation equipment and material handling applications will lead gains, helping to offset weakness in demand for wood panels used in furniture and in engineered wood products, which will be constrained by the residential construction slowdown.
Shift toward specialty wood panels to help raise prices
Measured by dollar value, wood panel demand is forecast to decline more than one percent per annum through 2010 to $16 billion. Declines in demand volume will adversely affect value growth. In addition, schedule capacity increases and weakening demand from the construction market will serve to limit unit price increases for wood panel products. Growth in the average price for wood panels will be helped, however, by a shift in product mix toward more expensive specialty panels. Net imports will continue to be an important source of supply for the US market, accounting for about one-third of US demand in 2010.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Environment
- Consumer Income & Spending
- Personal Income & Expenditures
- Consumer Financing
- Demographic Trends
- Population
- Households
- Building Construction Trends
- Residential Construction
- Housing Starts
- Housing Stock
- Improvements & Repairs
- Nonresidential Construction
- Nonresidential Construction Outlook
- Nonresidential Building Stock
- Residential Construction
- Manufacturing Outlook
- Furniture Outlook
- Market Trends
- Pricing Patterns
- Regulatory Environment
- Timber Harvesting Restrictions
- Emissions Regulations
- Building Codes
- World Wood Panel Overview
- US Foreign Trade
- Imports
- Exports
III. OVERVIEW
- General
- Volume Outlook
- Value Outlook
IV. STRUCTURAL PANELS
- General
- Supply & Demand
- Oriented Strand Board
- OSB Construction Markets
- OSB Manufacturing Markets
- OSB Capacity
- OSB Announced Capacity Additions
- Softwood Plywood
- Softwood Plywood Construction Markets
- Softwood Plywood Manufacturing Markets
- Softwood Plywood Capacity
V. NONSTRUCTURAL PANELS
- General
- Supply & Demand
- Particleboard
- Particleboard Construction Markets
- Particleboard Manufacturing Markets
- Particleboard Capacity
- Medium Density Fiberboard
- MDF Construction Markets
- MDF Manufacturing Markets
- MDF Capacity
- Hardwood Plywood
- Hardwood Plywood Construction Markets
- Hardwood Plywood Manufacturing Markets
- Hardwood Plywood Capacity
- Hardboard
- Hardboard Construction Markets
- Hardboard Manufacturing Markets
- Hardboard Capacity
- Other Fiberboard Panels
- Other Fiberboard Construction Markets
- Other Fiberboard Manufacturing Markets
- Other Fiberboard Capacity
VI. MARKETS
- General
- Construction Markets by Application
- Roofing
- Flooring
- Wall Sheathing
- Cabinets
- Siding
- Doors & Windows
- Interior Paneling
- Other Construction Applications
- Construction Markets by End Use
- Residential
- Conventional Housing
- Manufactured Housing
- New Construction
- Improvement & Repair
- Nonresidential
- Office & Commercial
- Institutional
- Industrial
- Other Nonresidential Construction
- New Construction
- Improvement & Repair
- Residential
- Manufacturing Markets
- Furniture & Fixtures
- Engineered Wood Products
- Transportation Equipment
- Material Handling Equipment
- Other
VII. DEMAND BY REGION
- General
- Regional Demographic & Economic Trends
- Population Patterns
- Economic Outlook
- Construction Activity
- Housing Trends
- Regional Demand for Wood Panel Products
- Northeast
- New England
- Middle Atlantic
- Midwest
- East North Central
- West North Central
- South
- South Atlantic
- East South Central
- West South Central
- West
- Mountain
- Pacific
- Northeast
VIII. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Georgia-Pacific
- Weyerhaeuser
- Louisiana-Pacific
- Norbord
- Roseburg Forest Products
- International Paper
- Other Leaders
- Vertical & Horizontal Integration
- Product Development
- Manufacturing
- Marketing
- Distribution
- Mergers & Acquisitions
- Cooperative Agreements
- COMPANY PROFILES
- Ainsworth Lumber Company Limited
- Boise Cascade Holdings LLC
- Canfor Corporation
- Collins Companies Incorporated
- Columbia Forest Products
- Del-Tin Fiber LLC, see Temple-Inland
- Flakeboard Company Limited
- Georgia-Pacific Corporation, see Koch Industries
- Grant Forest Products Incorporated
- Great Lakes MDF LLC
- Hood Companies
- Hoover Treated Wood Products Incorporated
- Huber Engineered Woods LLC, see Huber (JM)
- Huber (JM) Corporation
- Hunt Forest Products Incorporated
- IP Wood Products, see International Paper
- International Paper Company
- Knight-Celotex LLC
- Koch Industries Incorporated
- Langboard Incorporated
- Louisiana-Pacific Corporation
- Martco LP, see Martin (Roy O.) Lumber Management
- Martin (Roy O.) Lumber Management LLC
- Multiple Plywood, see Columbia Forest Products
- Norbord Incorporated
- Plum Creek Timber Company Incorporated
- Potlatch Corporation
- Rocky Creek Lumber Company, see Martin (Roy O.) Lumber Management
- Roseburg Forest Products Company
- SierraPine Limited
- Stimson Lumber Company Incorporated
- Temple-Inland Incorporated
- Timber Products Company
- Trus Joist, see Weyerhaeuser
- Tolko Industries Limited
- Weyerhaeuser Company
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Trends
- 2 Personal Income & Expenditures
- 3 Consumer Financing Environment, 1995-2005
- 4 Population & Households
- 5 Building Construction Expenditures
- 6 Residential Construction Expenditures
- 7 Housing Environment
- 8 Residential Improvement & Repair Expenditures
- 9 Nonresidential Construction Expenditures
- 10 Nonresidential Building Stock
- 11 Manufacturing Outlook
- 12 Furniture Shipments
- 13 Wood Panel Market Trends
- 14 Wood Panel Pricing Trends
- 15 Wood Panel Foreign Trade
SECTION III -- OVERVIEW
- 1 Wood Panel Demand & Supply
- 2 Wood Panel Market Value by Product
SECTION IV -- STRUCTURAL PANELS
- 1 Structural Panel Demand & Supply
- 2 Oriented Strand Board Demand & Supply
- 3 Construction Markets for Oriented Strand Board
- 4 Manufacturing Markets for Oriented Strand Board
- 5 Oriented Strand Board Domestic Capacity by Producer, 2005
- 6 Anticipated Changes in Oriented Strand Board Domestic Capacity by Producer, 2006-2008
- 7 Softwood Plywood Demand & Supply
- 8 Construction Markets for Softwood Plywood
- 9 Manufacturing Markets for Softwood Plywood
- 10 Softwood Plywood Domestic Capacity by Producer, 2005
SECTION V -- NONSTRUCTURAL PANELS
- 1 Nonstructural Panel Demand & Supply
- 2 Particleboard Demand & Supply
- 3 Construction Markets for Particleboard
- 4 Manufacturing Markets for Particleboard
- 5 Particleboard Domestic Capacity by Producer, 2005
- 6 Medium Density Fiberboard Demand & Supply
- 7 Construction Markets for Medium Density Fiberboard
- 8 Manufacturing Markets for Medium Density Fiberboard
- 9 Medium Density Fiberboard Domestic Capacity by Producer, 2005
- 10 Hardwood Plywood Demand & Supply
- 11 Construction Markets for Hardwood Plywood
- 12 Manufacturing Markets for Hardwood Plywood
- 13 Hardwood Plywood Domestic Capacity by Producer, 2005
- 14 Hardboard Demand & Supply
- 15 Construction Markets for Hardboard
- 16 Manufacturing Markets for Hardboard
- 17 Hardboard Domestic Capacity by Producer, 2005
- 18 Other Fiberboard Demand & Supply
- 19 Construction Markets for Other Fiberboard
- 20 Manufacturing Markets for Other Fiberboard
SECTION VI -- MARKETS
- 1 Wood Panel Demand by Market
- 2 Wood Panel Construction Markets by Application
- 3 Roofing Market for Wood Panels by Product
- 4 Flooring Market for Wood Panels by Product
- 5 Wall Sheathing Market for Wood Panels by Product
- 6 Cabinet Market for Wood Panels by Product
- 7 Siding Market for Wood Panels by Product
- 8 Doors & Windows Market for Wood Panels by Product
- 9 Interior Paneling Market for Wood Panels by Product
- 10 Other Construction Markets for Wood Panels by Product
- 11 Wood Panel Construction Markets by End Use
- 12 Residential Wood Panel Market by Housing Type & Segment
- 13 Nonresidential Wood Panel Market by Building Type & Segment
- 14 Manufacturing Wood Panel Markets by Application
- 15 Furniture & Fixture Market for Wood Panels by Product
- 16 Engineered Wood Products Market for Wood Panels by Product
- 17 Transportation Equipment Market for Wood Panels by Product
- 18 Material Handling Market for Wood Panels by Product
- 19 Other Manufacturing Markets for Wood Panels by Product
SECTION VII -- DEMAND BY REGION
- 1 US Resident Population by Region
- 2 Regional Gross Domestic Product
- 3 Regional Construction Expenditures
- 4 Regional Housing Starts & Stock
- 5 Wood Panel Demand by Region
- 6 Northeast Wood Panel Demand by Subregion & Product
- 7 Midwest Wood Panel Demand by Subregion & Product
- 8 South Wood Panel Demand by Subregion & Product
- 9 West Wood Panel Demand by Subregion & Product
SECTION VIII -- INDUSTRY STRUCTURE
- 1 US Wood Panel Revenues for Selected Companies, 2005
- 2 Selected Acquisitions & Divestitures
- 3 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Year of Construction of Housing Stock, 2005
- 2 Wood Panel Market Trends, 1996-2005
- 3 Wood Panel Pricing Trends, 1995-2005
- 4 Wood Panel Imports by Product Type, 2005
- 5 Wood Panel Exports by Product Type, 2005
SECTION III -- OVERVIEW
- 1 Wood Panel Demand by Product Segment, 1995-2015
- 2 US Wood Panel Demand & Shipments, 1995-2015
SECTION IV -- STRUCTURAL PANELS
- 1 Structural Panel Demand by Product, 1995-2015
- 2 Construction Markets for Oriented Strand Board, 2005
- 3 Construction Markets for Softwood Plywood, 2005
SECTION V -- NONSTRUCTURAL PANELS
- 1 Nonstructural Panel Demand by Product, 2005
- 2 Construction Markets for Particleboard, 2005
- 3 Construction Markets for Hardwood Plywood, 2005
- 4 Construction Markets for Hardboard, 2005
SECTION VI -- MARKETS
- 1 Wood Panel Construction Markets by Application, 2005
- 2 Siding Market for Wood Panels by Product, 1995-2015
- 3 Furniture & Fixture Market for Wood Panels by Product, 2005
SECTION VII -- DEMAND BY REGION
- 1 Wood Panel Demand by Region, 2005
SECTION VIII -- INDUSTRY STRUCTURE
- 1 Wood Panel Market Share, 2005
