Product Code: A16049
The Wood-Based Panel Market size was valued at $190,873.90 million in 2021 and is estimated to reach $354,943.80 million by 2031, exhibiting a CAGR of 6.4% from 2022 to 2031. Wood-based panels refer to a variety of different board products made from wood in the form of chips, strips, veneers, strands or fibers. Wood-based panels are primarily used in construction, packaging, furniture, flooring, decorative and others.
Increase in demand for wood-based panel due to the increasing number of investments in the construction of new commercial space worldwide drives the demand for wood-based panels. The increase in application in the manufacture of cladding, flooring, roofing, sheathing, and decking as well as windows and doors in the construction sector is expected to boost the wood-based panels market growth. It is used in the packaging industry to make boxes, containers and cases for shipping and logistics.
The wood-based panels market is primarily driven by an increase in renovation and remodeling of older homes. In addition, new housing projects are also responsible for growth of the wood-based panels market. Since wood-based materials are also cost-effective and an environment friendly alternative to other wood and cement products, use of these materials as a replacement for building materials is on the rise. However, fluctuating prices of raw materials are expected to restrain the market.
The market is segmented on the basis of product type, application, end-user, and region. On the basis of product type, the market is divided into particleboards, plywood, medium-density fiberboard, oriented strand board and others.
On the basis of application, the market is divided into construction, Furniture, packaging, and others. On the basis of end-user, the market is divided into residential, and non-residential. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players that operate in the global wood-based panels market have adopted key strategies such as product launch, acquisition, and business expansion to strengthen their market outreach and sustain the stiff competition in the market.
COMPETITION ANALYSIS
The key players that operate in the wood-based panels market are Dare Panel Group, Century Plyboards Limited, Egger Group, Evergreen Fibreboard Berhad, Georgia Pacific Wood Products LLC, Kronoplus Limited, Louisiana-Pacific Corporation, Sonae Arauco, West Fraser, and Weyerhaeuser Company.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging wood-based panels market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
- Extensive analysis of the wood-based panels market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The wood-based panels market forecast analysis from 2022 to 2031 is included in the report.
- The key market players within the wood-based panels market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the wood-based panels industry.
Key Market Segments
By Product Type
- Particleboards
- Plywood
- Oriented Strand Board
- Medium Density Fiberboard
- Others
By Application
- Construction
- Furniture
- Packaging
- Others
By End User
- Residential
- Non-residential
By Region
- North America
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Dare Panel Group Co., Ltd.
- Egger Holzwerkstoffe GmbH
- Sonae Arauco
- Weyerhaeuser Company
- Evergreen Fibreboard Berhad
- Kronospan Limited
- Georgia Pacific LLC
- West Fraser Timber Co., Ltd.
- Louisiana-Pacific Corporation
- Century Plyboards (India) Limited (Century Prowud)
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Market dynamics
- 3.4.1.Drivers
- 3.4.1.1. Growth of the furniture industry
- 3.4.1.2. Rise in building construction
- 3.4.1.3. Surge in focus on affordable homes
- 3.4.2.Restraints
- 3.4.2.1. Fluctuation prices of raw materials
- 3.4.2.2. Increase in threat of substitutes
- 3.4.3.Opportunities
- 3.4.3.1. Rise in home remodeling market
- 3.5.COVID-19 Impact Analysis on the market
CHAPTER 4: WOOD-BASED PANEL MARKET, BY PRODUCT TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2. Particleboards
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3. Plywood
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4. Oriented Strand Board
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
- 4.5. Medium Density Fiberboard
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market share analysis by country
- 4.6. Others
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market share analysis by country
CHAPTER 5: WOOD-BASED PANEL MARKET, BY APPLICATION
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2. Construction
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3. Furniture
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
- 5.4. Packaging
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
- 5.5. Others
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market share analysis by country
CHAPTER 6: WOOD-BASED PANEL MARKET, BY END USER
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2. Residential
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3. Non-residential
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
CHAPTER 7: WOOD-BASED PANEL MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Product Type
- 7.2.3 North America Market size and forecast, by Application
- 7.2.4 North America Market size and forecast, by End User
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Key market trends, growth factors and opportunities
- 7.2.5.1.2 Market size and forecast, by Product Type
- 7.2.5.1.3 Market size and forecast, by Application
- 7.2.5.1.4 Market size and forecast, by End User
- 7.2.5.2 Canada
- 7.2.5.2.1 Key market trends, growth factors and opportunities
- 7.2.5.2.2 Market size and forecast, by Product Type
- 7.2.5.2.3 Market size and forecast, by Application
- 7.2.5.2.4 Market size and forecast, by End User
- 7.2.5.3 Mexico
- 7.2.5.3.1 Key market trends, growth factors and opportunities
- 7.2.5.3.2 Market size and forecast, by Product Type
- 7.2.5.3.3 Market size and forecast, by Application
- 7.2.5.3.4 Market size and forecast, by End User
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Product Type
- 7.3.3 Europe Market size and forecast, by Application
- 7.3.4 Europe Market size and forecast, by End User
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 Germany
- 7.3.5.1.1 Key market trends, growth factors and opportunities
- 7.3.5.1.2 Market size and forecast, by Product Type
- 7.3.5.1.3 Market size and forecast, by Application
- 7.3.5.1.4 Market size and forecast, by End User
- 7.3.5.2 France
- 7.3.5.2.1 Key market trends, growth factors and opportunities
- 7.3.5.2.2 Market size and forecast, by Product Type
- 7.3.5.2.3 Market size and forecast, by Application
- 7.3.5.2.4 Market size and forecast, by End User
- 7.3.5.3 Italy
- 7.3.5.3.1 Key market trends, growth factors and opportunities
- 7.3.5.3.2 Market size and forecast, by Product Type
- 7.3.5.3.3 Market size and forecast, by Application
- 7.3.5.3.4 Market size and forecast, by End User
- 7.3.5.4 UK
- 7.3.5.4.1 Key market trends, growth factors and opportunities
- 7.3.5.4.2 Market size and forecast, by Product Type
- 7.3.5.4.3 Market size and forecast, by Application
- 7.3.5.4.4 Market size and forecast, by End User
- 7.3.5.5 Rest of Europe
- 7.3.5.5.1 Key market trends, growth factors and opportunities
- 7.3.5.5.2 Market size and forecast, by Product Type
- 7.3.5.5.3 Market size and forecast, by Application
- 7.3.5.5.4 Market size and forecast, by End User
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Product Type
- 7.4.3 Asia-Pacific Market size and forecast, by Application
- 7.4.4 Asia-Pacific Market size and forecast, by End User
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Key market trends, growth factors and opportunities
- 7.4.5.1.2 Market size and forecast, by Product Type
- 7.4.5.1.3 Market size and forecast, by Application
- 7.4.5.1.4 Market size and forecast, by End User
- 7.4.5.2 Japan
- 7.4.5.2.1 Key market trends, growth factors and opportunities
- 7.4.5.2.2 Market size and forecast, by Product Type
- 7.4.5.2.3 Market size and forecast, by Application
- 7.4.5.2.4 Market size and forecast, by End User
- 7.4.5.3 India
- 7.4.5.3.1 Key market trends, growth factors and opportunities
- 7.4.5.3.2 Market size and forecast, by Product Type
- 7.4.5.3.3 Market size and forecast, by Application
- 7.4.5.3.4 Market size and forecast, by End User
- 7.4.5.4 South Korea
- 7.4.5.4.1 Key market trends, growth factors and opportunities
- 7.4.5.4.2 Market size and forecast, by Product Type
- 7.4.5.4.3 Market size and forecast, by Application
- 7.4.5.4.4 Market size and forecast, by End User
- 7.4.5.5 Rest of Asia-Pacific
- 7.4.5.5.1 Key market trends, growth factors and opportunities
- 7.4.5.5.2 Market size and forecast, by Product Type
- 7.4.5.5.3 Market size and forecast, by Application
- 7.4.5.5.4 Market size and forecast, by End User
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Product Type
- 7.5.3 LAMEA Market size and forecast, by Application
- 7.5.4 LAMEA Market size and forecast, by End User
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 Latin America
- 7.5.5.1.1 Key market trends, growth factors and opportunities
- 7.5.5.1.2 Market size and forecast, by Product Type
- 7.5.5.1.3 Market size and forecast, by Application
- 7.5.5.1.4 Market size and forecast, by End User
- 7.5.5.2 Middle East
- 7.5.5.2.1 Key market trends, growth factors and opportunities
- 7.5.5.2.2 Market size and forecast, by Product Type
- 7.5.5.2.3 Market size and forecast, by Application
- 7.5.5.2.4 Market size and forecast, by End User
- 7.5.5.3 Africa
- 7.5.5.3.1 Key market trends, growth factors and opportunities
- 7.5.5.3.2 Market size and forecast, by Product Type
- 7.5.5.3.3 Market size and forecast, by Application
- 7.5.5.3.4 Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
- 9.1 Dare Panel Group Co., Ltd.
- 9.1.1 Company overview
- 9.1.2 Key Executives
- 9.1.3 Company snapshot
- 9.1.4 Operating business segments
- 9.1.5 Product portfolio
- 9.1.6 Business performance
- 9.1.7 Key strategic moves and developments
- 9.2 Egger Holzwerkstoffe GmbH
- 9.2.1 Company overview
- 9.2.2 Key Executives
- 9.2.3 Company snapshot
- 9.2.4 Operating business segments
- 9.2.5 Product portfolio
- 9.2.6 Business performance
- 9.2.7 Key strategic moves and developments
- 9.3 Sonae Arauco
- 9.3.1 Company overview
- 9.3.2 Key Executives
- 9.3.3 Company snapshot
- 9.3.4 Operating business segments
- 9.3.5 Product portfolio
- 9.3.6 Business performance
- 9.3.7 Key strategic moves and developments
- 9.4 Weyerhaeuser Company
- 9.4.1 Company overview
- 9.4.2 Key Executives
- 9.4.3 Company snapshot
- 9.4.4 Operating business segments
- 9.4.5 Product portfolio
- 9.4.6 Business performance
- 9.4.7 Key strategic moves and developments
- 9.5 Evergreen Fibreboard Berhad
- 9.5.1 Company overview
- 9.5.2 Key Executives
- 9.5.3 Company snapshot
- 9.5.4 Operating business segments
- 9.5.5 Product portfolio
- 9.5.6 Business performance
- 9.5.7 Key strategic moves and developments
- 9.6 Kronospan Limited
- 9.6.1 Company overview
- 9.6.2 Key Executives
- 9.6.3 Company snapshot
- 9.6.4 Operating business segments
- 9.6.5 Product portfolio
- 9.6.6 Business performance
- 9.6.7 Key strategic moves and developments
- 9.7 Georgia Pacific LLC
- 9.7.1 Company overview
- 9.7.2 Key Executives
- 9.7.3 Company snapshot
- 9.7.4 Operating business segments
- 9.7.5 Product portfolio
- 9.7.6 Business performance
- 9.7.7 Key strategic moves and developments
- 9.8 West Fraser Timber Co., Ltd.
- 9.8.1 Company overview
- 9.8.2 Key Executives
- 9.8.3 Company snapshot
- 9.8.4 Operating business segments
- 9.8.5 Product portfolio
- 9.8.6 Business performance
- 9.8.7 Key strategic moves and developments
- 9.9 Louisiana-Pacific Corporation
- 9.9.1 Company overview
- 9.9.2 Key Executives
- 9.9.3 Company snapshot
- 9.9.4 Operating business segments
- 9.9.5 Product portfolio
- 9.9.6 Business performance
- 9.9.7 Key strategic moves and developments
- 9.10 Century Plyboards (India) Limited (Century Prowud)
- 9.10.1 Company overview
- 9.10.2 Key Executives
- 9.10.3 Company snapshot
- 9.10.4 Operating business segments
- 9.10.5 Product portfolio
- 9.10.6 Business performance
- 9.10.7 Key strategic moves and developments