Global Wood Based Panel Market Growth 2019-2024

Wood-based panels are sheet materials that contain a significant proportion of wood in one of a variety of forms (strips, veneers, chips, strands or fibres).
Wood-based panels are sheet materials that contain a significant proportion of wood in different forms. When engaged in the industry, manufacturers should pay attention on the energy, technology as well as raw materials, which are key factors for the wood based panel industry.

According to its different manufacturing technology, wood base panels can be divided into categories, such as PB, MDF, HDF, OSB, plywood and so on. Among those types, plywood accounts for the largest production proportion which was 32.65% in 2015.

Wood based panel industry has low technology barrier, which result in large amounts of manufacturers distributing in the each corner of the world. However, when considering the major production base, China has become the largest producer of wood based panel undoubtedly. China’s production was 293267 K Cubic Meter in 2015, holding the 49.55% share in the global market. North America is the follower, who contributed 13.99% production share in 2015.

As for consumption, China, North America and Europe are the key consuming regions. China is not only the largest producer of wood based panel, but also the largest consumer. In 2015, the three regions consumed 279778 K Cubic Meter, 88416 K Cubic Meter and 76638 K Cubic Meter respectively, with the total consumption share of 75.16 globally.

Considering the current status, information revealed that the wood based panel market still promising. Market insiders think that the wood based panel industry will continue to keep upward tendency in the coming few years with the GACR of 2.66% during the period of 2017-2022. Besides, due to fierce competition in the industry, price and gross margin are estimated to decline further.


According to this study, over the next five years the Wood Based Panel market will register a -0.5% CAGR in terms of revenue, the global market size will reach US$ 161800 million by 2024, from US$ 166800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Wood Based Panel business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Wood Based Panel market by product type, application, key manufacturers and key regions and countries.

This study considers the Wood Based Panel value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Particleboard (PB)
Medium Density Fibreboard (MDF)
High Density Fibreboard (HDF)
Oriented Strand Board (OSB)
Plywood
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Furniture
Construction
Flooring
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Kronospan
Arauco
Daiken New Zealand
Duratex
Georgia-Pacific
Masisa
Swiss Krono Group
Norbord
Louisiana-Pacific
Weyerhaeuser
Egger
Sonae Industria
Pfleiderer
Kastamonu Entegre
Swedspan
Langboard
Finsa
Tolko
Arbec
West Fraser
GVK Novopan Industries Limited
Sahachai Particle Board
Siam Riso Wood Products
Daya
Furen
Sengong
Jianfeng
Shengda
Fenglin
Weihua

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Wood Based Panel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Wood Based Panel market by identifying its various subsegments.
Focuses on the key global Wood Based Panel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Wood Based Panel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Wood Based Panel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.