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GLOBAL WOOD BASED PANEL MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Global 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) by Geography

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MARKET OVERVIEW

The global wood based panel market is expected to reach $440.45 billion by 2032, growing at a CAGR of 6.17% during the forecast period, 2024-2032. The market study has also analyzed the impact of COVID-19 on the wood based panel market qualitatively as well as quantitatively.

Wood based panels, such as plywood, particleboard, medium-density fiberboard (MDF), and oriented strand board (OSB), are engineered materials formed by bonding wood fibers, particles, or veneers with adhesives and heat, creating durable, flat sheets. These panels serve as versatile and cost-effective alternatives to solid wood in the construction and furniture industries. 

Plywood is known for its strength and stability, while particleboard offers an affordable choice. MDF, prized for its smooth surface, is commonly used in furniture and cabinetry, and OSB provides robustness and moisture resistance for sheathing and subfloor applications. These wood panels are environmentally friendly as they reduce the demand for solid wood, offering consistent quality and dimensional stability, though it’s important to consider low-emission options for indoor use due to the potential for VOC emissions.

Wood Based Panel Market

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GROWTH ENABLERS

Key growth enablers of the global wood based panel market: 

  • Surge in household and furniture renovation expenditure for wood based panels
  • Optimistic growth patterns in both residential and commercial construction
  • Adoption of eco-friendly building techniques
    • The growth of the wood based panel market is significantly propelled by the increasing popularity of green building practices, reflecting a growing preference for eco-friendly construction materials. This shift is driven by heightened sustainability and environmental awareness, making wood based panels a preferred choice for environmentally conscious consumers.
    • Green construction, which emphasizes the reduction of environmental impact and the conservation of resources, has amplified the relevance of wood based panels in the context of eco-friendly building practices. Evolving regulations and sustainability targets, such as those set by organizations like the United Nations, are pushing for more stringent environmental standards, further increasing the demand for wood based panels.
    • The expanding green construction industry, characterized by its increasing value and workforce, is fostering greater demand for wood based panels, solidifying their position as a vital component in sustainable and eco-conscious building practices, particularly within commercial construction projects.

GROWTH RESTRAINTS

Key growth restraining factors of the global wood based panel market:

  • Shortage of timber 
  • Stringent rules and norms by the government regarding deforestation
  • Formaldehyde emission from wood based panels
    • The global wood based panel market faces a critical challenge concerning the emissions of formaldehyde, dust, and total organic carbon (TOC) during the manufacturing process. Formaldehyde, classified as a carcinogen, poses severe health risks when used indoors, including respiratory problems and the alarming potential for nasal cancer when derived from hardwood dust. 
    • These emissions contribute to environmental issues, such as respiratory problems and particulate pollution. The concerns present a dual threat to both health and environmental sustainability, raising significant challenges for the market.

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KEY MARKET TRENDS

Global Wood Based Panel Market | Top Market Trends

  • Global urbanization fuels demand for wood based panels, favored for adaptability, eco-friendliness, and budget-friendly solutions in construction and interior design. Stringent regulations in densely populated urban areas promote their use, enhancing their desirability.
  • Technological advancements in the wood based panel industry have enhanced product quality, reduced environmental impact through lower formaldehyde emissions, and introduced renewable and biodegradable materials. These changes have expanded the industry’s applications, making wood based panels a competitive and sustainable choice.

MARKET SEGMENTATION

Market Segmentation – Product Type and Application –

Market by Product Type:

  • Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)
  • Particleboard
  • Oriented Strand Board (OSB)
  • Plywood
    • In 2023, the majority of the market share was captured by the plywood segment under the product type category. 
    • Its versatile applications, including in construction and furniture, combined with its superior qualities such as strength, moisture resistance, impact resistance, chemical resistance, fire resistance, and durability, contribute to its dominant position in the market.
    • Plywood’s adaptability for various uses, including marine, structural, interior, and exterior applications, further solidifies its leading market share. These factors collectively make plywood a favored choice in the industry, ensuring its continued prominence in the market.
  • Other Product Types 

Market by Application:

  • Furniture
    • Residential Building
    • Commercial Building
  • Construction
    • Floor and Roof
    • Wall
    • Door
    • Other Constructions
  • Packaging
    • Packaging is expected to be the fastest-growing application over the forecast years 2024-2032, with a CAGR of 6.67%. 
    • Rising demand for wood based panels in packaging applications is driven by the need to pack bulky and heavy products, especially for long-distance transportation, owing to their high strength and impact resistance. 
    • These panels are also sought after for protecting fragile items like glass, ceramics, and precision instruments, ensuring secure packaging and safe transport.
    • Additionally, the market benefits from the increasing preference for eco-friendly packaging solutions, as wood based panels are recyclable and offer a sustainable alternative to non-recyclable materials, contributing to positive market growth.
  • Other Applications

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions: 

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Poland, Sweden and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific 
    • In 2023, Asia-Pacific was the largest regional wood based panel market.
    • The Asia-Pacific is the most urbanized region in the world, with over 50% of the population living in cities. This rapid urbanization is leading to an increase in demand for wood based panels for use in construction and infrastructure development. 
    • Governments in the Asia-Pacific are supportive of the wood based panel market, providing subsidies and tax breaks to encourage investment and growth.
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

Major players in the global wood based panel market:

  • Arauco
  • Georgia-Pacific  
  • Egger Group
  • West Fraser
  • Evergreen Fibreboard Berhad
  • Weyerhaeuser Company
  • Century Ply

Key strategies adopted by some of these companies:

  • In September 2023, West Fraser Timber Co Ltd revealed its intention to acquire Spray Lake Sawmills through a formal agreement.
  • In April 2023, BASF SE and Swiss Krono Group extended their enduring partnership to include additional sustainable solutions and processes. Collaboratively, they are working on developing innovative products and assessing the product carbon footprint (PCF) to reduce the environmental impact of the wood based panel market.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Billion)
Segments AnalyzedProduct Type and Application
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies Analyzed

Arauco, Georgia-Pacific, Egger Group, West Fraser, Evergreen Fibreboard Berhad, Weyerhaeuser Company, Century Ply, Kronospan Limited, Dexco SA, Louisiana-Pacific Corporation, Dongwha Malaysia Sdn Bhd, Green River Holding Co Ltd, Pfeifer Group, Kastamonu Entegre, Mieco Chipboard Berhad and Swiss Krono Group

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. 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. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. 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. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA WOOD BASED PANEL MARKET DRIVERS
      3. NORTH AMERICA WOOD BASED PANEL MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA WOOD BASED PANEL MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE WOOD BASED PANEL MARKET DRIVERS
      3. EUROPE WOOD BASED PANEL MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE WOOD BASED PANEL MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        6. POLAND
          1. POLAND WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        7. SWEDEN
          1. SWEDEN WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC WOOD BASED PANEL MARKET DRIVERS
      3. ASIA-PACIFIC WOOD BASED PANEL MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC WOOD BASED PANEL MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        7. MALAYSIA
          1. MALAYSIA WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        8. VIETNAM
          1. VIETNAM WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        9. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        10. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD WOOD BASED PANEL MARKET DRIVERS
      3. REST OF WORLD WOOD BASED PANEL MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD WOOD BASED PANEL MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA WOOD BASED PANEL MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ARAUCO
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      2. CENTURY PLY
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      3. DEXCO SA
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      4. DONGWHA MALAYSIA SDN BHD
        1. COMPANY OVERVIEW
        2. PRODUCTS
      5. EGGER GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      6. EVERGREEN FIBREBOARD BERHAD
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      7. GEORGIA-PACIFIC
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      8. GREEN RIVER HOLDING CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      9. KASTAMONU ENTEGRE
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      10. KRONOSPAN LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      11. LOUISIANA-PACIFIC CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      12. MIECO CHIPBOARD BERHAD
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      13. PFEIFER GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      14. SWISS KRONO GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      15. WEST FRASER
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      16. WEYERHAEUSER COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – WOOD BASED PANEL

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

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

TABLE 4: GLOBAL MEDIUM DENSITY FIBERBOARD (MDF)/HIGH DENSITY FIBERBOARD (HDF) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 5: GLOBAL MEDIUM DENSITY FIBERBOARD (MDF)/HIGH DENSITY FIBERBOARD (HDF) MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 6: GLOBAL PARTICLEBOARD MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 7: GLOBAL PARTICLEBOARD MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 8: GLOBAL ORIENTED STRAND BOARD (OSB) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 9: GLOBAL ORIENTED STRAND BOARD (OSB) MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 10: GLOBAL PLYWOOD MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 11: GLOBAL PLYWOOD MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 12: GLOBAL OTHER PRODUCT TYPES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 13: GLOBAL OTHER PRODUCT TYPES MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 14: GLOBAL WOOD BASED PANEL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 15: GLOBAL WOOD BASED PANEL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 16: GLOBAL FURNITURE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 17: GLOBAL FURNITURE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 18: GLOBAL WOOD BASED PANEL MARKET, BY FURNITURE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 19: GLOBAL WOOD BASED PANEL MARKET, BY FURNITURE, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 20: GLOBAL RESIDENTIAL BUILDING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 21: GLOBAL RESIDENTIAL BUILDING MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 22: GLOBAL COMMERCIAL BUILDING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 23: GLOBAL COMMERCIAL BUILDING MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 24: GLOBAL CONSTRUCTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 25: GLOBAL CONSTRUCTION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 26: GLOBAL WOOD BASED PANEL MARKET, BY CONSTRUCTION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 27: GLOBAL WOOD BASED PANEL MARKET, BY CONSTRUCTION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 28: GLOBAL FLOOR AND ROOF MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 29: GLOBAL FLOOR AND ROOF MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 30: GLOBAL WALL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 31: GLOBAL WALL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 32: GLOBAL DOOR MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 33: GLOBAL DOOR MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 34: GLOBAL OTHER CONSTRUCTIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 35: GLOBAL OTHER CONSTRUCTIONS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 36: GLOBAL PACKAGING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 37: GLOBAL PACKAGING MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 38: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 39: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 40: GLOBAL WOOD BASED PANEL MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 41: GLOBAL WOOD BASED PANEL MARKET, BY GEOGRAPHY, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 42: NORTH AMERICA WOOD BASED PANEL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 43: NORTH AMERICA WOOD BASED PANEL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 44: KEY PLAYERS OPERATING IN NORTH AMERICA WOOD BASED PANEL MARKET

TABLE 45: EUROPE WOOD BASED PANEL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 46: EUROPE WOOD BASED PANEL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 47: KEY PLAYERS OPERATING IN EUROPE WOOD BASED PANEL MARKET

TABLE 48: ASIA-PACIFIC WOOD BASED PANEL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 49: ASIA-PACIFIC WOOD BASED PANEL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 50: KEY PLAYERS OPERATING IN ASIA-PACIFIC WOOD BASED PANEL MARKET

TABLE 51: REST OF WORLD WOOD BASED PANEL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 52: REST OF WORLD WOOD BASED PANEL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ BILLION)

TABLE 53: KEY PLAYERS OPERATING IN REST OF WORLD WOOD BASED PANEL MARKET

TABLE 54: LIST OF MERGERS & ACQUISITIONS

TABLE 55: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 56: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: GROWTH PROSPECT MAPPING FOR UNITED KINGDOM, SWEDEN AND POLAND

FIGURE 5: GROWTH PROSPECT MAPPING FOR INDIA AND MALAYSIA

FIGURE 6: GROWTH PROSPECT MAPPING FOR LATIN AMERICA AND MIDDLE EAST & AFRICA

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: VALUE CHAIN ANALYSIS

FIGURE 10: GLOBAL WOOD BASED PANEL MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2023

FIGURE 11: GLOBAL WOOD BASED PANEL MARKET, MEDIUM DENSITY FIBERBOARD (MDF)/ HIGH DENSITY FIBERBOARD (HDF), 2024-2032 (IN $ BILLION)

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

FIGURE 13: GLOBAL WOOD BASED PANEL MARKET, BY ORIENTED STRAND BOARD (OSB), 2024-2032 (IN $ BILLION)

FIGURE 14: GLOBAL WOOD BASED PANEL MARKET, BY PLYWOOD, 2024-2032 (IN $ BILLION)

FIGURE 15: GLOBAL WOOD BASED PANEL MARKET, BY OTHER PRODUCT TYPES, 2024-2032 (IN $ BILLION)

FIGURE 16: GLOBAL WOOD BASED PANEL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 17: GLOBAL WOOD BASED PANEL MARKET, BY FURNITURE, 2024-2032 (IN $ BILLION)

FIGURE 18: GLOBAL WOOD BASED PANEL MARKET, GROWTH POTENTIAL, BY FURNITURE, IN 2023

FIGURE 19: GLOBAL WOOD BASED PANEL MARKET, BY RESIDENTIAL BUILDING, 2024-2032 (IN $ BILLION)

FIGURE 20: GLOBAL WOOD BASED PANEL MARKET, BY COMMERCIAL BUILDING, 2024-2032 (IN $ BILLION)

FIGURE 21: GLOBAL WOOD BASED PANEL MARKET, BY CONSTRUCTION, 2024-2032 (IN $ BILLION)

FIGURE 22: GLOBAL WOOD BASED PANEL MARKET, GROWTH POTENTIAL, BY CONSTRUCTION, IN 2023

FIGURE 23: GLOBAL WOOD BASED PANEL MARKET, BY FLOOR AND ROOF, 2024-2032 (IN $ BILLION)

FIGURE 24: GLOBAL WOOD BASED PANEL MARKET, BY WALL, 2024-2032 (IN $ BILLION)

FIGURE 25: GLOBAL WOOD BASED PANEL MARKET, BY DOOR, 2024-2032 (IN $ BILLION)

FIGURE 26: GLOBAL WOOD BASED PANEL MARKET, BY OTHER CONSTRUCTIONS, 2024-2032 (IN $ BILLION)

FIGURE 27: GLOBAL WOOD BASED PANEL MARKET, BY PACKAGING, 2024-2032 (IN $ BILLION)

FIGURE 28: GLOBAL WOOD BASED PANEL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)

FIGURE 29: NORTH AMERICA WOOD BASED PANEL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 30: UNITED STATES WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 31: CANADA WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 32: EUROPE WOOD BASED PANEL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 33: UNITED KINGDOM WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 34: GERMANY WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 35: FRANCE WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 36: ITALY WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 37: SPAIN WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 38: POLAND WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 39: SWEDEN WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 40: REST OF EUROPE WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 41: ASIA-PACIFIC WOOD BASED PANEL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 42: CHINA WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 43: JAPAN WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 44: INDIA WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 45: SOUTH KOREA WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 46: INDONESIA WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 47: THAILAND WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 48: MALAYSIA WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 49: VIETNAM WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 50: AUSTRALIA & NEW ZEALAND WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 51: REST OF ASIA-PACIFIC WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 52: REST OF WORLD WOOD BASED PANEL MARKET, REGIONAL OUTLOOK, 2023 & 2032 (IN %)

FIGURE 53: LATIN AMERICA WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FIGURE 54: MIDDLE EAST & AFRICA WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)

FAQ’s

FAQs

The global wood based panel market was valued at $257.39 billion in 2023 and is expected to reach $440.45 billion by 2032, growing at a CAGR of 6.17% during the forecast period, 2024-2032.

In 2023, furniture was the dominant application in the global wood based panel market.

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