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Wood Based Panels Market

Global Wood Based Panels Market Size, Share, Trends, Growth: By Product: High Density Fibreboard (HDF), Oriented Strand Board (OSB), Medium Density Fibreboard (MDF), Plywood, Softboard, Particleboard, Hardboard; By Application: Construction, Furniture, Packaging, Decoration, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Wood Based Panels Market Outlook

The global wood based panels market is projected to grow at a CAGR of 7% between 2024 and 2032, to attain USD 337.66 billion by 2032.

 

Global Wood Based Panels Market

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Increasing Demand from Construction Industry to Propel the Wood Based Panels Industry

The key factor driving the market for wood-based panels for ceiling, cladding, roofing, flooring and furniture applications is the low commodity cost, coupled with superior properties, including strength and longevity. The demand for wood-based panels is expected to be driven by growing investments in residential and commercial construction activities across major geographies. Due to the robust growth in residential construction spending in the region, the US dominated the North America market for wood-based panels in recent years. Other factors expected to boost regional product demand over the forecast timeframe include increased customer spending on aesthetically pleasing furniture items and strong growth in single-family housing development.

 

Global Wood Based Panels: Market Segmentation

A wood-based panel refers to an extensive range of diverse board items that have a distinct range of engineering properties. Wood-based panel items are largely used in furniture, building, and packaging.

 

Global Wood Based Panels Market By Application

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By product, the market is divided into:

  • High Density Fibreboard (HDF)
  • Oriented Strand Board (OSB)
  • Medium Density Fibreboard (MDF)
  • Plywood
  • Softboard
  • Particleboard
  • Hardboard

On the basis of application, the market is divided into:

  • Construction
  • Furniture
  • Packaging
  • Decoration
  • Others

The regional markets for the product include North America, the Asia Pacific, the Middle East and Africa, Latin America, and Europe.

 

Global Wood Based Panels Market By Region

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Technological Developments to Boost Market Growth

New growth opportunities in the industry are provided by the rising use of wood-based panels in various applications. Technological developments and innovation, along with growing productivity in the operations of maintenance, production and reconstruction, would further boost market demand. In the coming years, growing product demand for the production of small accent pieces and ready-to-assemble (RTA) furniture is expected to fuel growth. Development is likely to be hindered to an extent by increasing problems, such as dust, total organic carbon, and formaldehyde emissions during product manufacturing. However, growing attempts by manufacturers to improve new production methods and to reduce the effect on the environment are likely to help the development of the sector.

 

Key Industry Players in the Global Wood Based Panels Market

The report gives a detailed analysis of the following key players in the global wood based panels market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • EGGER Group
  • Norbord Inc. (West Fraser)
  • Kronoplus Limited
  • Dongwha Group
  • Georgia-Pacific LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • High Density Fibreboard (HDF)
  • Oriented Strand Board (OSB)
  • Medium Density Fibreboard (MDF)
  • Plywood
  • Softboard
  • Particleboard
  • Hardboard
Breakup by Application
  • Construction
  • Furniture
  • Packaging
  • Decoration
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • EGGER Group
  • Norbord Inc. (West Fraser)
  • Kronoplus Limited
  • Dongwha Group
  • Georgia-Pacific LLC
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Wood Based Panels Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Wood Based Panels Historical Market (2018-2023) 
    8.3    Global Wood Based Panels Market Forecast (2024-2032)
    8.4    Global Wood Based Panels Market by Product
        8.4.1    High Density Fibreboard (HDF)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Oriented Strand Board (OSB)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Medium Density Fibreboard (MDF)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Plywood
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Softboard
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Particleboard
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Hardboard
            8.4.7.1    Historical Trend (2018-2023)
            8.4.7.2    Forecast Trend (2024-2032)
    8.5    Global Wood Based Panels Market by Application
        8.5.1    Construction
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Furniture
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Packaging
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Decoration
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others    
    8.6    Global Wood Based Panels Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Wood Based Panels Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Wood Based Panels Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Wood Based Panels Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Wood Based Panels Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Wood Based Panels Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data  Analysis

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
18    Competitive Landscape

    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    EGGER Group
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Norbord Inc. (West Fraser)
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Kronoplus Limited
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Dongwha Group
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Georgia-Pacific LLC
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Wood Based Panels Market: Key Industry Highlights, 2018 and 2032
2.    Global Wood Based Panels Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Wood Based Panels Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Wood Based Panels Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Wood Based Panels Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Wood Based Panels Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Wood Based Panels Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Major Importing Countries by Value
19.    Major Importing Countries by Volume
20.    Major Exporting Countries by Value
21.    Major Exporting Countries by Volume
22.    North America Historical Price Trends and Forecast (2018-2028)
23.    Europe Historical Price Trends and Forecast (2018-2028)
24.    Asia Pacific Historical Price Trends and Forecast (2018-2028)
25.    Latin America Historical Price Trends and Forecast (2018-2028)
26.    Middle East and Africa Historical Price Trends and Forecast (2018-2028)
27.    Global Wood Based Panels Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 7% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 337.66 billion by 2032.   

The major market players include surging investments in commercial and residential construction activities, the increasing customer spending on aesthetic furniture items, and increasing single-family housing development.

The key trends guiding the market growth are technological developments and innovations, the growing demand for wood based panels in the production of small accent pieces and ready-to-assemble (RTA) furniture, and the increasing focus to improve production methods of wood based panels.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different product types of wood based panels considered in the market report are high density fibreboard (HDF), oriented strand board (OSB), medium density fibreboard (MDF), plywood, softboard, particleboard, and hardboard.

The various applications of wood based panels are construction, furniture, packaging, and decoration, among others.

The major players in the market are EGGER Group, Norbord Inc. (West Fraser), Kronoplus Limited, Dongwha Group, and Georgia-Pacific LLC., among others.

Analyst Review

The global wood-based panels market is driven by the low commodity cost, coupled with superior properties, including strength and longevity. Aided by new growth opportunities in the industry are provided by the rising use of wood-based panels in various applications, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7%. The market is projected to reach USD 337.66 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The products include high density fibreboard (HDF), oriented strand board (OSB), medium density fibreboard (MDF), plywood, softboard, particleboard, and hardboard. Based on its applications, the wood-based panels industry can be segmented into construction, furniture, packaging, decoration, among others, with construction accounting for the largest market share. The major regional markets for wood-based panels are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include EGGER Group, Norbord Inc. (West Fraser), Kronoplus Limited, Dongwha Group, and Georgia-Pacific LLC., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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