Global Wood Panels Market to Reach 658.1 Million Cubic Meters by 2027
Amid the COVID-19 crisis, the global market for Wood Panels estimated at 444.1 Million Cubic Meters in the year 2020, is projected to reach a revised size of 658.1 Million Cubic Meters by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Plywood, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach 259.6 Million Cubic Meters by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Particleboard segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at 119.6 Million Cubic Meters, While China is Forecast to Grow at 9.4% CAGR
The Wood Panels market in the U.S. is estimated at 119.6 Million Cubic Meters in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 144.4 Million Cubic Meters by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Medium Density Fiberboard Segment to Record 6.4% CAGR
In the global Medium Density Fiberboard segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 73.6 Million Cubic Meters in the year 2020 will reach a projected size of 111 Million Cubic Meters by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 90.9 Million Cubic Meters by the year 2027, while Latin America will expand at a 6.9% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 366-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Boise Cascade Company
- Caledonian Plywood Company Ltd.
- Canfor Corporation
- Duratex SA
- Fletcher Building Limited
- FRITZ EGGER GmbH & Co. OG
- Gascogne SA
- Georgia-Pacific LLC
- Kastamonu Entegre Agaç Sanayi ve Ticaret A.S.
- Kronospan Limited
- Mohawk Industries, Inc.
- Norbord Inc.
- Pfleiderer Group Spólka Akcyjna
- PotlatchDeltic Corporation
- Rougier S.A.
- Sonae Indústria
- Svenska Cellulosa Aktiebolaget
- Tolko Industries Ltd.
- UPM-Kymmene Oyj
- West Fraser Timber Co. Ltd.