Manufactured Wood Materials Market Report 2026

The manufactured wood materials market size has grown strongly in recent years. It will grow from $315.1 billion in 2025 to $333.98 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to expansion of residential and commercial construction, availability of wood processing technologies, rising demand for affordable building materials, growth of furniture manufacturing, adoption of plywood alternatives.

The manufactured wood materials market size is expected to see strong growth in the next few years. It will grow to $434.29 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing green building adoption, rising demand for sustainable wood products, expansion of prefabricated construction, growing furniture export demand, increasing regulatory focus on emissions. Major trends in the forecast period include increasing use of engineered wood in construction, growing demand for cost-effective composite boards, expansion of modular furniture manufacturing, increasing adoption of low-emission adhesives, enhanced focus on material consistency.

The increasing demand for construction is expected to drive the growth of the manufactured wood materials market in the coming years. Construction involves the planning, designing, building, and assembling of physical structures, facilities, or infrastructure. Manufactured wood materials contribute positively to economic, environmental, and societal outcomes by promoting sustainability, innovation, and efficiency within the construction industry. For example, in June 2024, TST Europe AG, a Switzerland-based non-governmental organization, reported that total construction spending in the U.S. reached $1.98 trillion in 2023, reflecting a 7.4% increase from the previous year. Additionally, the number of construction businesses in the U.S. stood at approximately 745,000 in 2023. Therefore, the rising demand for construction is fueling the growth of the manufactured wood materials market.

Companies in the manufactured wood materials market are increasingly focusing on innovative products, such as ready-to-use plywood and board techply, to provide reliable and convenient solutions to their customers. These engineered wood products are designed for ease of use in various construction and woodworking applications, offering pre-finished surfaces that require no additional finishing before installation. For instance, in June 2023, Duroply Industries Limited, an India-based manufacturer of plywood and wood-based products, launched India’s first ready-to-use plywood and board techply. Techply is highly versatile and suitable for a wide range of applications. Its veneer-like finish allows for direct use in furniture construction, and it is constructed from European beech hardwood, providing superior mechanical strength and durability compared to conventional plywood.

In September 2025, Armstrong World Industries Inc., a US-based manufacturer of wall and ceiling building materials, acquired Geometrik Manufacturing Inc. for an undisclosed amount. The acquisition enables Armstrong World Industries to expand its architectural wood solutions portfolio, strengthen its presence in premium and custom wood ceilings and walls, and enhance design-driven offerings for commercial interior spaces by integrating Geometrik’s capabilities. Geometrik Manufacturing Inc. is a Canada-based company specializing in wood acoustic wall and ceiling systems using a variety of wood species.

Major companies operating in the manufactured wood materials market are Georgia Pacific, Weyerhaeuser, Boise Cascade, West Fraser, UPM Kymmene, Metsa Group, Century Plyboards India, Greenply Industries, Garnica, Caledonian Plywood, Hanson Plywood, Austral Plywoods, Eksons Corporation, Syktyvkar Plywood Mill, Plyterra Group, Segezha Group, Berneck, Araupel, Linea Parana Madeiras, IMCA Panels.

Asia-Pacific was the largest region in the manufactured wood materials market in 2025. North America was the second largest region in the manufactured wood materials market. The regions covered in the manufactured wood materials market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the manufactured wood materials market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The market for manufactured wood materials consists of sales of laminated veneer lumber, Glulam, Oriented Strand Boards, pinewood, and spruce wood. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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