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Global Wood Based Panels Market: By Product: High Density Fibreboard, Oriented Strand Board, Medium Density Fibreboard, Plywood, Softboard, Particleboard, Hardboard; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Wood Based Panels Market Outlook

The global wood based panels market is projected to grow at a CAGR of 7% between 2021 and 2026, to attain USD 225 billion by 2026.

 

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: Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends-Regional
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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    Industry Opportunities and Challenges
8    Global Wood Based Panels Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Wood Based Panels Historical Market (2017-2021) 
    8.3    Global Wood Based Panels Market Forecast (2022-2027)
    8.4    Global Wood Based Panels Market by Product
        8.4.1    High Density Fibreboard (HDF)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Oriented Strand Board (OSB)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Medium Density Fibreboard (MDF)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Plywood
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Softboard
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Particleboard
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
        8.4.7    Hardboard
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2017-2021)
            8.4.7.3    Forecast Trend (2022-2027)
    8.5    Global Wood Based Panels Market by Application
        8.5.1    Construction
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Furniture
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Packaging
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Decoration
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    Global Wood Based Panels Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Importing Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Exporting Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    EGGER Group
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Norbord Inc. (West Fraser)
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Kronoplus Limited
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Dongwha Group
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Georgia-Pacific LLC
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

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 Figures and Tables

1.    Global Wood Based Panels Market: Key Industry Highlights, 2016 and 2026
2.    Global Wood Based Panels Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Wood Based Panels Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Wood Based Panels Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Wood Based Panels Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Wood Based Panels Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Wood Based Panels Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Wood Based Panels Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Wood Based Panels Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 (2017-2027)
23.    Europe Historical Price Trends and Forecast (2017-2027)
24.    Asia Pacific Historical Price Trends and Forecast (2017-2027)
25.    Latin America Historical Price Trends and Forecast (2017-2027)
26.    Middle East and Africa Historical Price Trends and Forecast (2017-2027)
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 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 225 billion by 2026.

The major industry drivers are low commodity cost, coupled with superior properties, including strength and longevity.

The key trends in the market are new growth opportunities in the industry are provided by the rising use of wood-based panels in various applications.

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

The products include high density fibreboard (HDF), oriented strand board (OSB), medium density fibreboard (MDF), plywood, softboard, particleboard, and hardboard.

Construction is the dominant application in the industry.

The major players in the industry 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 2022-2027, growing at a CAGR of 7%. The market is projected to reach USD 225 billion by 2026.

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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