Veneer Sheets Market Analysis:
Veneer sheets are surface materials that consist of a top layer of authentic timber followed by substrate layer of gurjan plywood. Veneer sheet has become one of the most widely used surface materials across the globe. It is widely used in commercial and residential buildings. Veneer is the finest expression of wood as furniture made with wood veneer uses less wood than the same part of furniture made with solid wood. Veneer sheets are basically used to add a more artistic appeal to solid wood in the making of doors, furniture, and architectural elements. Veneer sheets are cost-effective compared to wood or timber and provide an attractive look to furniture. Texture, pattern, form, and grain of veneer sheet can be modified by cutting the trunk of the tree at different angular positions. Moreover, veneer sheet is genuine wood, long-lasting, multipurpose, and provides living comfort.
COVID-19 scenario analysis:
- COVID-19 pandemic has forced many companies in the veneer sheets market to stop their business operations. Pauses in operations directly impact the revenue flow of the veneer sheets market.
- The outbreak has caused delays in many construction projects due to supply chain disturbances. Delays in construction projects and disturbances in production process have led to decrease in demand for veneer sheets. The pandemic has negatively impacted the growth of the veneer sheets market.
- Furthermore, the outbreak has negatively affected residential building construction as builders and contractors struggle to obtain permits for new and in-process projects.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The veneer sheets market has witnessed substantial growth due to as the product’s smooth finishing, durability, and wood grain beauty that are useful to make musical instruments, cabinets, wall paneling, and store fixtures. The market is majorly driven by wood finishing projects that incorporate inlaying decorative patterns. Rise in demand of veneer sheet in musical instrument and home furnishings; and increase in building constructions and interiors of residential & commercial structures are the key drivers for the growth of the veneer sheets market.
Increase in use of concrete slabs in floorings is expected to hamper the growth of the veneer sheets market. High-quality veneer sheets production involves high production and finishing costs, which hamper the growth of the market.
Surge in usage of veneer sheet in industrial applications:
Based on region, the global veneer sheets market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Use of veneer sheets in marine applications to shape decks, rooftops, and doors drives the market growth. The use of chequered veneer sheets in the automotive industry for flooring is another application that expands the market reach of the veneer sheet industry. The warm touch of wood veneer in places, such as hotel lobbies, and innovative wall decoration enhance the living spaces. Asia-Pacific has the largest market share in the veneer sheets market, owing to abundant plywood plantations. Therefore, this is expected to offer lucrative growth opportunities for the veneer sheets market. Furthermore, various initiatives taken by the government to speed up infrastructural developments, such as smart cities project, are expected to increase the demand for veneer and plywood sheets.
Key benefits of the report:
- This study presents the analytical depiction of the veneer sheet market along with current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the veneer sheet market share.
- The current market is quantitatively analyzed to highlight the veneer sheet market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the veneer sheet market research report:
· Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Veneer Sheets Market Report Highlights
By End Use Industry
Key Market Players
Oakwood Veneer, FormWood Industries, Pearlman Veneers, Flexible Materials Inc., Turakhia Overseas Pvt. Ltd., Greenlam Industries, CenturyPly, Herzog Veneers, Inc., CEDAN INDUSTRIES, SR Wood