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SWEDEN WOOD BASED PANEL MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Sweden Wood Based Panel Market by Product Type (Medium Density Fiberboard/high Density Fiberboard, Particleboard, Oriented Strand Board, Plywood, Other Product Types) Market by Application (Furniture, Construction, Packaging, Other Applications)


MARKET OVERVIEW

The Sweden wood based panel market is expected to grow with a CAGR of 7.05% during the forecasted period, 2024 to 2032, capturing a revenue share of $4.18 billion by 2032.

In line with the United Nations’ projection that two-thirds of the global population will reside in cities by 2050, Sweden is experiencing rapid urbanization, boasting one of the fastest rates in Europe. To address the evolving housing needs and sustain the burgeoning civil engineering sector, the Swedish government has introduced various initiatives. The Larger Accessory Dwellings Bill is a strategic move by the Swedish government to foster the construction of accessory dwellings while simultaneously encouraging the development of buildings with higher residential quality.

Sweden Wood Based Panel Market

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Sweden, the land of vast forests, boasts a significant presence in the wood based panel market. With approximately 70% of Sweden covered in forests, it’s no surprise that the country has a thriving wood based panel industry. Sweden’s production of wood based panels, including plywood and particle board, reached 651,400 cubic meters, as reported by the Swedish Federation of Wood and Furniture Industry. Furthermore, the import of plywood and particle board was substantial, with 206,000 cubic meters and 627,000 cubic meters, respectively. This indicates a strong demand for wood based panels in the Swedish market, with a portion of these products likely being used in the country’s thriving construction and real estate industries.

The Sweden wood based panel market is segmented into product type and application. The application segment includes furniture, construction, packaging, and other applications. Rising demand for wood based panels in packaging applications to pack bulky and heavy products is expected to have a positive impact on the market growth over the forecast period. High product demand for the protection of glass and ceramic products and delicate instruments is also expected to drive the growth of the market. Wood based panels offer high strength and impact resistance, which makes them a preferred packaging material, especially for long-distance transportation. Growing demand for environment-friendly packaging products to replace non-recyclable packaging materials is expected to have a positive impact on market growth.

The global wood based panel market includes a diverse range of applications beyond the dominant sectors of construction, furniture, and packaging. These miscellaneous uses showcase the versatility of wood based panels. They find a place in automotive interiors, where they enhance the aesthetic and comfort aspects of vehicles through dashboard trim, door panels, and interior components. Boats and marine vessels benefit from these panels, as their lightweight yet durable properties make them suitable for cabinetry, bulkheads, and interior finishes. Additionally, wood based panels are employed in signage, serving as an attractive and adaptable material for indoor and outdoor displays. In the aerospace industry, they contribute to the creation of lightweight yet robust interior components in aircraft. Moreover, this category encompasses various niche applications across different industries, such as musical instruments, interior decorations, arts and crafts, and specific industrial uses. 

Some of the top companies operating in the Sweden wood based panel market include Setra Group, Kronospan Limited, Smith & Fong Limited, Etc.

Kronospan Limited, headquartered in the United Kingdom, manufactures and distributes wood based panels. It provides MUF, laminate flooring, UF, medium-density fiberboard (MDF), oriented strand board (OSB), and MF resins for wood based panels, and particleboard (PB). Along with various related value-added goods such as melamine-faced panels, worktops, compact boards, high-pressure laminates (HPL), wall panels, window sills, lacquered HDF, plywood, and others, the company also manufactures specialized and decorative paper.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Billion)
Segments Analyzed
Product Type and Application
Countries AnalyzedSweden
Companies AnalyzedSetra Group, Ljungberg Fritzoe, Kronospan Limited, Smith & Fong Limited, Moelven Industrier ASA
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS 
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
    6. MAJOR MARKET FINDINGS
      1. GROWING NEED FOR BUILDING MATERIALS WITH FIRE RESISTANCE AND MINIMAL MAINTENANCE
      2. ACCESSIBILITY OF PLENTIFUL AND SUSTAINABLE SOURCES OF RAW MATERIALS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SURGE IN HOUSEHOLD AND FURNITURE RENOVATION EXPENDITURE FOR WOOD BASED PANELS
      2. OPTIMISTIC GROWTH PATTERNS IN BOTH RESIDENTIAL AND COMMERCIAL CONSTRUCTION
      3. ADOPTION OF ECO-FRIENDLY BUILDING TECHNIQUES
    2. KEY RESTRAINTS
      1. SHORTAGE OF TIMBER
      2. STRINGENT RULES AND NORMS BY THE GOVERNMENT REGARDING DEFORESTATION
      3. FORMALDEHYDE EMISSION FROM WOOD BASED PANELS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. GROWING ROLE OF WOOD BASED PANELS IN MODERN URBAN DEVELOPMENT
      2. EMERGING TECHNOLOGICAL ADVANCEMENTS
    2. PESTLE ANALYSIS
      1. POLITICAL
      2. ECONOMICAL
      3. SOCIAL
      4. TECHNOLOGICAL
      5. LEGAL
      6. ENVIRONMENTAL
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS
      2. MANUFACTURING
      3. QUALITY CONTROL AND TESTING
      4. DISTRIBUTORS
      5. SALES
  5. MARKET BY PRODUCT TYPE
    1. MEDIUM DENSITY FIBERBOARD (MDF)/HIGH DENSITY FIBERBOARD (HDF)
    2. PARTICLEBOARD
    3. ORIENTED STRAND BOARD (OSB)
    4. PLYWOOD
    5. OTHER PRODUCT TYPES
  6. MARKET BY APPLICATION
    1. FURNITURE
      1. RESIDENTIAL BUILDING
      2. COMMERCIAL BUILDING
    2. CONSTRUCTION
      1. FLOOR AND ROOF
      2. WALL
      3. DOOR
      4. OTHER CONSTRUCTIONS
    3. PACKAGING
    4. OTHER APPLICATIONS
  7. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. SETRA GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      2. LJUNGBERG FRITZOE
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      3. KRONOSPAN LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      4. SMITH & FONG LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      5. MOELVEN INDUSTRIER ASA
        1. COMPANY OVERVIEW
        2. PRODUCTS

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – WOOD BASED PANEL

TABLE 2: UNITED STATES WOOD BASED PANEL MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 3: UNITED STATES WOOD BASED PANEL MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 4: UNITED STATES WOOD BASED PANEL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 5: UNITED STATES WOOD BASED PANEL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 6: UNITED STATES WOOD BASED PANEL MARKET, BY FURNITURE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 7: UNITED STATES WOOD BASED PANEL MARKET, BY FURNITURE, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 8: UNITED STATES WOOD BASED PANEL MARKET, BY CONSTRUCTION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 9: UNITED STATES WOOD BASED PANEL MARKET, BY CONSTRUCTION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 10: LIST OF MERGERS & ACQUISITIONS

TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 12: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: MARKET CONCENTRATION ANALYSIS

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: SWEDEN WOOD BASED PANEL MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2023

FIGURE 6: SWEDEN WOOD BASED PANEL MARKET, MEDIUM DENSITY FIBERBOARD (MDF)/ HIGH DENSITY FIBERBOARD (HDF), 2024-2032 (IN $ BILLION)

FIGURE 7: SWEDEN WOOD BASED PANEL MARKET, BY PARTICLEBOARD, 2024-2032 (IN $ BILLION)

FIGURE 8: SWEDEN WOOD BASED PANEL MARKET, BY ORIENTED STRAND BOARD (OSB), 2024-2032 (IN $ BILLION)

FIGURE 9: SWEDEN WOOD BASED PANEL MARKET, BY PLYWOOD, 2024-2032 (IN $ BILLION)

FIGURE 10: SWEDEN WOOD BASED PANEL MARKET, BY OTHER PRODUCT TYPES, 2024-2032 (IN $ BILLION)

FIGURE 11: SWEDEN WOOD BASED PANEL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 12: SWEDEN WOOD BASED PANEL MARKET, BY FURNITURE, 2024-2032 (IN $ BILLION)

FIGURE 13: SWEDEN WOOD BASED PANEL MARKET, GROWTH POTENTIAL, BY FURNITURE, IN 2023

FIGURE 14: SWEDEN WOOD BASED PANEL MARKET, BY RESIDENTIAL BUILDING, 2024-2032 (IN $ BILLION)

FIGURE 15: SWEDEN WOOD BASED PANEL MARKET, BY COMMERCIAL BUILDING, 2024-2032 (IN $ BILLION)

FIGURE 16: SWEDEN WOOD BASED PANEL MARKET, BY CONSTRUCTION, 2024-2032 (IN $ BILLION)

FIGURE 17: SWEDEN WOOD BASED PANEL MARKET, GROWTH POTENTIAL, BY CONSTRUCTION, IN 2023

FIGURE 18: SWEDEN WOOD BASED PANEL MARKET, BY FLOOR AND ROOF, 2024-2032 (IN $ BILLION)

FIGURE 19: SWEDEN WOOD BASED PANEL MARKET, BY WALL, 2024-2032 (IN $ BILLION)

FIGURE 20: SWEDEN WOOD BASED PANEL MARKET, BY DOOR, 2024-2032 (IN $ BILLION)

FIGURE 21: SWEDEN WOOD BASED PANEL MARKET, BY OTHER CONSTRUCTIONS, 2024-2032 (IN $ BILLION)

FIGURE 22: SWEDEN WOOD BASED PANEL MARKET, BY PACKAGING, 2024-2032 (IN $ BILLION)

FIGURE 23: SWEDEN WOOD BASED PANEL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)

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