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2022
Wood-based Panel Market

Wood-Based Panel Market

by Product Type (Particleboards, Plywood, Oriented Strand Board, Medium Density Fiberboard, Others), by Application (Construction, Furniture, Packaging, Others), by End User (Residential, Non-residential): Global Opportunity Analysis and Industry Forecast, 2021-2031

CM : Construction Materials
Report Code: A16049
Dec 2022 | Pages: 256
Tables: 139
Charts: 57

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Wood-Based Panel Market Research, 2031

The global wood-based panel market size was valued at $190.9 billion in 2021, and is projected to reach $354.9 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031. Wood-based panel products are flat, curved, sheets made from wood-based materials that are bonded together with an adhesive. Panels are typically made of veneer, strands, particles or fibers and bonded with a synthetic or other adhesive cured using heat and pressure. 

The COVID-19 pandemic halted production of many products in the wood-based panels market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to the reopening of wood-based panels companies at their full-scale capacities.

Wood-Based Panel Market

The increase in the demand for wood-based panels due to an increase in the number of investments in the construction of new commercial space worldwide drives the demand for the wood-based panel market. In addition, wood-based panels are cost effective and eco-friendly alternative to cement products increase in use of wood-based panels as substitution for building materials. Moreover, wood-based panels emit less harmful bi-products while manufacturing, as compared to emission-intensive materials, such as concrete, steel, or aluminum. In addition, a rise in government spending on residential and commercial buildings development is expected to boost the wood-based panel market growth. Moreover, escalation in industrialization and urbanization in economies, which include India and China, is expected to cater to the development of the wood-based panel market. Furthermore, the surge in consumer expenditure on home renovation and enhancement activities and improvement in new construction activities are expected to provide remunerative growth opportunities for the market players. However, fluctuating prices of raw materials are anticipated to restrain the market. 

Major players have adopted various strategies, such as product launch, acquisition, and business expansion to sustain the competition and improve the product portfolio. For instance, in March 2022, Kronospan Limited expanded its business by opening its newest design center in Sofia, Bulgaria, which is located on an area of over 300 sq. m. and in this design center, it architects, designs, and manufactures different products including a range of decorative boards that is used in the furniture and interior design industries, also the wood-based products used in the building and construction industries. 

The wood-based panel market is segmented into 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). 

Wood-Based Panel Market

The wood-based panels market is segmented on the basis of product type into particleboards, plywood, medium density fiberboard, oriented strand boards and others.  The Particleboards segment generated the highest revenue in 2021, due to increasing demand for the furniture in various residential and commercial areas such as office spaces is driving the wood-based panels market. 

Wood-Based Panel Market

On the basis of region, Asia-Pacific registered the highest share of the global wood-based panel 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 countries in the region are spending on the construction sector for the growth of their economies.  

Wood-Based Panel Market

The wood-based panels market is segmented on the basis of Application into construction, Furniture, packaging, and others. In 2021, the furniture segment accounted for the major share of the total wood-based panels market owing to increase in trend for luxury wooden furniture in home and office interior designs offers potential growth opportunities for wood-based panels industry expansion and is expected to see significant growth. 

Wood-Based Panel Market

The wood-based panels market is divided on the basis of end-user into residential and non-residential. The residential segment leads the wood-based panels market due to rural-to-urban immigration, which has led to growth of the market for the new construction sector, which, in turn, propels the growth in wood-based panels market. 

The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the wood-based panels market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to the reopening of wood-based panels companies at their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, wood-based panels producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working. 

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 global wood-based panel market trends and dynamics.  

  • In-depth market global wood-based panel market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.  

  • Extensive analysis of wood-based panel market outlook is conducted by following key product positioning and monitoring of top competitors within the market framework. 

  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities. 

  • wood-based panel market forecast analysis from 2022 to 2031 is included in the report. 

  • The key players within the wood-based panel market overview are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of wood-based panel Industry. 

 

 Wood-Based Panel Market Report Highlights

Aspects Details
Market Size By 2031 USD 354.9 billion
Growth Rate CAGR of 6.4%
Forecast period 2021 - 2031
Report Pages 256
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 Evergreen Fibreboard Berhad, Sonae Arauco, Egger Holzwerkstoffe GmbH, Georgia Pacific LLC, Weyerhaeuser Company, Dare Panel Group Co., Ltd., Kronospan Limited, West Fraser Timber Co., Ltd., Louisiana-Pacific Corporation, Century Plyboards (India) Limited (Century Prowud)
 

  • 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)

 
 

The wood-based panels market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific registered the highest share of the global wood-based panels market share in 2021, owing to strong economic growth, rapid urbanization, and presence of large population base significantly contribute toward the growth of the wood-based panels market in Asia-Pacific. Furthermore, the majority of the countries in the region are spending on construction sector for the growth of their economies. The particleboards segment generated the highest revenue in 2021, due to increasing demand for furniture in various residential and commercial areas such as office spaces.  

According to the Engineered Wood Association, new home construction is the primary end user for the wood-based panels. Rise in adoption of wood-based panels in residential and non-residential construction fuels growth of the global wood-based panels market. Rise in need for wood-based panels in various industry verticals such as construction, furniture, packaging, flooring, and decorative propels demand for wood-based panels.  

Various market players have adopted strategies such as business expansion and acquisition to expand their business and strengthen their market position. For instance, in June 2022, Sonae Arauco is officially inaugurating a particleboard line at the Beeskow plant in Brandenburg, Germany. According to the company, the investment in the new line amounts to over €50 million and is part of the Beeskow 50+ project, which refers to both the investment and the site’s more than 50 years of existence. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global wood-based panels market. 

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FREQUENTLY ASKED QUESTIONS?

A. The global wood-based panel market size was valued at $190,873.9 million in 2021, and is projected to reach $354,943.8 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.

A. The surge in consumer expenditure on home renovation and enhancement activities and improvement in new construction activities are the upcoming trends of Wood-Based Panel Market in the world.

A. Furniture is the leading application of Wood-Based Panel Market.

A. Asia-Pacific is the largest regional market for Wood-Based Panel market.

A. The base year considered in the global Wood-Based Panel market report is 2021

A. 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 are the top companies to hold the market share in Wood-Based Panel.

A. The top 10 market players are selected based on two key attributes- competitive strength and market positioning.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

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