The Latest Research Study by IMARC Groups titled “Plywood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global plywood market size reached US$ 45.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 62.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.27% during 2023-2028.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Plywood Market Overview:
Plywood refers to a type of manufacturing board made from thin layers of wood veneers, which are glued together at right angles. A thin outer layer of additional materials, such as plastic, resin-impregnated paper, fabric, or Formica, can be added to the face and back veneers to enhance durability. These components also prevent the plywood from moisture, abrasion, and corrosion and facilitate better binding of paints and dyes.
Download free sample brochure: https://www.imarcgroup.com/plywood-market/requestsample
Plywood Market Trends:
The escalating product demand, as it has high structural strength, flexibility, and resistance against chemicals and fire and provides insulation against sound and excessive heating, is among the key factors stimulating the plywood market. Moreover, the widespread adoption of manufacturing boards across the construction sector for making doors, stairs, external cladding, flooring, framing, interior rails and balustrades, internal paneling, and timber joinery products is acting as another significant growth-inducing factor. Besides this, the increasing utilization of the product across the marine sector, as it withstands occasional exposure to seawater without decaying or deteriorating is positively influencing the global market. Furthermore, several technological advancements by the leading companies have reduced manufacturing costs and also enhanced profitability and the quality of plywood products are also propelling the plywood market growth. Apart from this, the rising usage of the go-green strategy by product manufacturers is further fueling the product demand. Additionally, the inflating availability of numerous types of manufacturing boards among the masses designed with low toxicity and enhanced durability and aesthetics and environmental sustainability is anticipated to fuel the plywood market over the forecasted period.
Plywood Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the plywood market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Georgia-Pacific LLC
- PotlatchDeltic Corporation
- Weyerhaeuser Company Ltd.
- Boise Cascade Company
- UPM-Kymmene Oyj
- SVEZA Forest Ltd.
- Metsä Wood (Metsäliitto Cooperative)
- Latvijas Finieris AS
- Austral Plywoods Pty Ltd.
- Eksons Corporation Berhad (BHD)
Key Market Segmentation:
The report has segmented the global plywood market on the basis of residential and commercial application, new construction and replacement sector and region.
Breakup by Residential and Commercial Application:
- Residential
- Commercial
Breakup by New Construction and Replacement Sector:
- New Construction
- Replacement
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Ask Analyst for 10% free customized report:https://www.imarcgroup.com/plywood-market
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
