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Wood-Based Panel Market by Product Type, Application, End-user: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 256 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5743573
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
  • U.S.
  • Canada
  • Mexico
  • 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)

 

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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

List of Tables
Table 1. Global Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 2. Wood-Based Panel Market for Particleboards, by Region, 2021-2031 (Revenue, $Million)
Table 3. Wood-Based Panel Market for Plywood, by Region, 2021-2031 (Revenue, $Million)
Table 4. Wood-Based Panel Market for Oriented Strand Board, by Region, 2021-2031 (Revenue, $Million)
Table 5. Wood-Based Panel Market for Medium Density Fiberboard, by Region, 2021-2031 (Revenue, $Million)
Table 6. Wood-Based Panel Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 7. Global Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 8. Wood-Based Panel Market for Construction, by Region, 2021-2031 (Revenue, $Million)
Table 9. Wood-Based Panel Market for Furniture, by Region, 2021-2031 (Revenue, $Million)
Table 10. Wood-Based Panel Market for Packaging, by Region, 2021-2031 (Revenue, $Million)
Table 11. Wood-Based Panel Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 12. Global Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 13. Wood-Based Panel Market for Residential, by Region, 2021-2031 (Revenue, $Million)
Table 14. Wood-Based Panel Market for Non-Residential, by Region, 2021-2031 (Revenue, $Million)
Table 15. Wood-Based Panel Market, by Region, 2021-2031 (Revenue, $Million)
Table 16. North America Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 17. North America Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 18. North America Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 19. North America Wood-Based Panel Market, by Country, 2021-2031 (Revenue, $Million)
Table 20. U.S. Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 21. U.S. Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 22. U.S. Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 23. Canada Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 24. Canada Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 25. Canada Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 26. Mexico Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 27. Mexico Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 28. Mexico Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 29. Europe Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 30. Europe Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 31. Europe Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 32. Europe Wood-Based Panel Market, by Country, 2021-2031 (Revenue, $Million)
Table 33. Germany Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 34. Germany Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 35. Germany Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 36. France Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 37. France Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 38. France Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 39. Italy Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 40. Italy Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 41. Italy Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 42. UK Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 43. UK Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 44. UK Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 45. Rest of Europe Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 46. Rest of Europe Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 47. Rest of Europe Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 48. Asia-Pacific Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 49. Asia-Pacific Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 50. Asia-Pacific Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 51. Asia-Pacific Wood-Based Panel Market, by Country, 2021-2031 (Revenue, $Million)
Table 52. China Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 53. China Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 54. China Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 55. Japan Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 56. Japan Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 57. Japan Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 58. India Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 59. India Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 60. India Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 61. South Korea Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 62. South Korea Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 63. South Korea Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 64. Rest of Asia-Pacific Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 65. Rest of Asia-Pacific Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 66. Rest of Asia-Pacific Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 67. LAMEA Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 68. LAMEA Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 69. LAMEA Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 70. LAMEA Wood-Based Panel Market, by Country, 2021-2031 (Revenue, $Million)
Table 71. Latin America Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 72. Latin America Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 73. Latin America Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 74. Middle East Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 75. Middle East Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 76. Middle East Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 77. Africa Wood-Based Panel Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 78. Africa Wood-Based Panel Market, by Application, 2021-2031 (Revenue, $Million)
Table 79. Africa Wood-Based Panel Market, by End-user, 2021-2031 (Revenue, $Million)
Table 80. Dare Panel Group Co. Ltd.: Key Executives
Table 81. Dare Panel Group Co. Ltd.: Company Snapshot
Table 82. Dare Panel Group Co. Ltd.: Operating Segments
Table 83. Dare Panel Group Co. Ltd.: Product Portfolio
Table 84. Dare Panel Group Co. Ltd.: Net Sales
Table 85. Dare Panel Group Co. Ltd.: Key Stratergies
Table 86. Egger Holzwerkstoffe Gmbh: Key Executives
Table 87. Egger Holzwerkstoffe Gmbh: Company Snapshot
Table 88. Egger Holzwerkstoffe Gmbh: Operating Segments
Table 89. Egger Holzwerkstoffe Gmbh: Product Portfolio
Table 90. Egger Holzwerkstoffe Gmbh: Net Sales
Table 91. Egger Holzwerkstoffe Gmbh: Key Stratergies
Table 92. Sonae Arauco: Key Executives
Table 93. Sonae Arauco: Company Snapshot
Table 94. Sonae Arauco: Operating Segments
Table 95. Sonae Arauco: Product Portfolio
Table 96. Sonae Arauco: Net Sales
Table 97. Sonae Arauco: Key Stratergies
Table 98. Weyerhaeuser Company: Key Executives
Table 99. Weyerhaeuser Company: Company Snapshot
Table 100. Weyerhaeuser Company: Operating Segments
Table 101. Weyerhaeuser Company: Product Portfolio
Table 102. Weyerhaeuser Company: Net Sales
Table 103. Weyerhaeuser Company: Key Stratergies
Table 104. Evergreen Fibreboard Berhad: Key Executives
Table 105. Evergreen Fibreboard Berhad: Company Snapshot
Table 106. Evergreen Fibreboard Berhad: Operating Segments
Table 107. Evergreen Fibreboard Berhad: Product Portfolio
Table 108. Evergreen Fibreboard Berhad: Net Sales
Table 109. Evergreen Fibreboard Berhad: Key Stratergies
Table 110. Kronospan Limited: Key Executives
Table 111. Kronospan Limited: Company Snapshot
Table 112. Kronospan Limited: Operating Segments
Table 113. Kronospan Limited: Product Portfolio
Table 114. Kronospan Limited: Net Sales
Table 115. Kronospan Limited: Key Stratergies
Table 116. Georgia Pacific LLC: Key Executives
Table 117. Georgia Pacific LLC: Company Snapshot
Table 118. Georgia Pacific LLC: Operating Segments
Table 119. Georgia Pacific LLC: Product Portfolio
Table 120. Georgia Pacific LLC: Net Sales
Table 121. Georgia Pacific LLC: Key Stratergies
Table 122. West Fraser Timber Co. Ltd.: Key Executives
Table 123. West Fraser Timber Co. Ltd.: Company Snapshot
Table 124. West Fraser Timber Co. Ltd.: Operating Segments
Table 125. West Fraser Timber Co. Ltd.: Product Portfolio
Table 126. West Fraser Timber Co. Ltd.: Net Sales
Table 127. West Fraser Timber Co. Ltd.: Key Stratergies
Table 128. Louisiana-Pacific Corporation: Key Executives
Table 129. Louisiana-Pacific Corporation: Company Snapshot
Table 130. Louisiana-Pacific Corporation: Operating Segments
Table 131. Louisiana-Pacific Corporation: Product Portfolio
Table 132. Louisiana-Pacific Corporation: Net Sales
Table 133. Louisiana-Pacific Corporation: Key Stratergies
Table 134. Century Plyboards (India) Limited (Century Prowud): Key Executives
Table 135. Century Plyboards (India) Limited (Century Prowud): Company Snapshot
Table 136. Century Plyboards (India) Limited (Century Prowud): Operating Segments
Table 137. Century Plyboards (India) Limited (Century Prowud): Product Portfolio
Table 138. Century Plyboards (India) Limited (Century Prowud): Net Sales
Table 139. Century Plyboards (India) Limited (Century Prowud): Key Stratergies

List of Figures
Figure 1. Segmentation of Wood-Based Panel Market, 2021-2031
Figure 2. Wood-Based Panel Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Wood-Based Panel Market: Drivers, Restraints and Opportunities
Figure 10. Wood-Based Panel Market, by Product Type, 2021 (%)
Figure 11. Comparative Share Analysis of Particleboards Wood-Based Panel Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Plywood Wood-Based Panel Market, 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Oriented Strand Board Wood-Based Panel Market, 2021 and 2031 (%)
Figure 14. Comparative Share Analysis of Medium Density Fiberboard Wood-Based Panel Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Others Wood-Based Panel Market, 2021 and 2031 (%)
Figure 16. Wood-Based Panel Market, by Application, 2021 (%)
Figure 17. Comparative Share Analysis of Construction Wood-Based Panel Market, 2021 and 2031 (%)
Figure 18. Comparative Share Analysis of Furniture Wood-Based Panel Market, 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Packaging Wood-Based Panel Market, 2021 and 2031 (%)
Figure 20. Comparative Share Analysis of Others Wood-Based Panel Market, 2021 and 2031 (%)
Figure 21. Wood-Based Panel Market, by End-user, 2021 (%)
Figure 22. Comparative Share Analysis of Residential Wood-Based Panel Market, 2021 and 2031 (%)
Figure 23. Comparative Share Analysis of Non-Residential Wood-Based Panel Market, 2021 and 2031 (%)
Figure 24. Wood-Based Panel Market by Region, 2021
Figure 25. U.S. Wood-Based Panel Market, 2021-2031 ($Million)
Figure 26. Canada Wood-Based Panel Market, 2021-2031 ($Million)
Figure 27. Mexico Wood-Based Panel Market, 2021-2031 ($Million)
Figure 28. Germany Wood-Based Panel Market, 2021-2031 ($Million)
Figure 29. France Wood-Based Panel Market, 2021-2031 ($Million)
Figure 30. Italy Wood-Based Panel Market, 2021-2031 ($Million)
Figure 31. UK Wood-Based Panel Market, 2021-2031 ($Million)
Figure 32. Rest of Europe Wood-Based Panel Market, 2021-2031 ($Million)
Figure 33. China Wood-Based Panel Market, 2021-2031 ($Million)
Figure 34. Japan Wood-Based Panel Market, 2021-2031 ($Million)
Figure 35. India Wood-Based Panel Market, 2021-2031 ($Million)
Figure 36. South Korea Wood-Based Panel Market, 2021-2031 ($Million)
Figure 37. Rest of Asia-Pacific Wood-Based Panel Market, 2021-2031 ($Million)
Figure 38. Latin America Wood-Based Panel Market, 2021-2031 ($Million)
Figure 39. Middle East Wood-Based Panel Market, 2021-2031 ($Million)
Figure 40. Africa Wood-Based Panel Market, 2021-2031 ($Million)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap of Top 10 Key Players
Figure 47. Top Player Positioning, 2021
Figure 48. Dare Panel Group Co. Ltd..: Net Sales ($Million)
Figure 49. Egger Holzwerkstoffe Gmbh.: Net Sales ($Million)
Figure 50. Sonae Arauco.: Net Sales ($Million)
Figure 51. Weyerhaeuser Company.: Net Sales ($Million)
Figure 52. Evergreen Fibreboard Berhad.: Net Sales ($Million)
Figure 53. Kronospan Limited.: Net Sales ($Million)
Figure 54. Georgia Pacific LLC.: Net Sales ($Million)
Figure 55. West Fraser Timber Co. Ltd..: Net Sales ($Million)
Figure 56. Louisiana-Pacific Corporation.: Net Sales ($Million)
Figure 57. Century Plyboards (India) Limited (Century Prowud).: Net Sales ($Million)

Executive Summary

According to the report titled, “Wood-Based Panel Market," The wood-based panel market was valued at $190.9 billion in 2021, and is estimated to reach $354.9 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.

Wood-panels are flat, partially curved panels made of engineered wood that are bonded together with an adhesive. It includes a variety of products such as particleboards, plywood, oriented strand board, medium density fiberboard, and others. The emerging trend of renovation and remodeling of existing residential and commercial spaces are the factors driving the growth of the wood-based panels market. Moreover, a rise in demand for furniture such as cabinets, shelves, cupboards, and desks is anticipated to boost the growth of the market.

A significant increase in the number of buildings can be seen across the globe. This is largely attributed to the increasing global population and rapid urbanization. For instance, according to the United Nations, the global population is expected to rise above 9.7 billion in 2050, from 7.7 billion in 2021. By 2100, 11 billion people are expected to be living in the world. Furthermore, urbanization is another major factor playing an instrumental role in increasing the number of buildings in urban areas. For instance, according to the United Nations, about 55% of the global population lived in urban areas in 2018, which is expected to increase to 68% by 2050. Furthermore, several initiatives by countries such as India, South Korea, South Africa, and China, which focus on providing affordable housing are also expected to drive growth of the building construction sector. In addition, the high disposable income of people across the globe has significantly boosted the number of large and small retail stores. For instance, major key players such as Ikea, Lulu Group, and DLF India are investing millions of dollars in constructing shopping malls in various locations of India. Such buildings utilize wood-based panels in flooring, furniture, doors and window panels, and others. Therefore, a rise in building construction is anticipated to increase the demand for wood-based panels.

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. particleboard is the highest revenue contributor and is ectimated to grow fastest growing segment during the forecast period. On the basis of application, the market is divided into construction, Furniture, packaging, and others. Furniture segment dominated the market and is expected to be the fastest growing segment in the coming years. On the basis of end-user, the market is divided into residential, and non-residential. residential segment is the highest revenue contributor to the market. 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). In 2021, Asia-Pacific registered the highest share of the global wood-based panels market share in 2021, owing to increased investment in tourism by private as well as public sector, which has also led to increased construction activities, thereby; creating demand for wood-based panels. Furthermore, the majority of the countries in the region are spending on the construction sector for the growth of their economies.

The major market participants profiled in this report include 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. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market.

Key Market Insights

  • By product type, the particleboard segment was the highest revenue contributor to the market and is estimated to reach $196,938.1 billion by 2031. In addition, it is estimated to be the fastest-growing segment with a CAGR of 6.8% during the forecast period.
  • By application, the furniture segment dominated the global market and is expected to be the fastest-growing segment with a CAGR of 6.5% during the forecast period.
  • Based on end-user, the residential segment was the highest revenue contributor to the market with a CAGR of 6.5% during the forecast period.
  • Based on region, Asia-Pacific garnered the largest revenue share in 2021, and it is anticipated to grow at the highest CAGR of 6.7% during the forecast period.

Companies Mentioned

  • 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)

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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