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Global Wood-based Panel Market to reach USD XX billion by the end of 2030

Global Wood-based Panel Market Size study & Forecast, by Product Type (Particleboards, Plywood, Oriented Strand Board, Medium Density Fiberboard, Others) by Application (Construction, Furniture, Packaging, Others), by End User (Residential, Non-residential) and Regional Analysis, 2023-2030

Product Code: OIRBC-60431098
Publish Date: 10-03-2024
Page: 200

Global Wood-based Panel Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Wood-based panels are engineered wood products made from wood fibers, particles, or veneers that are bonded together with adhesives under heat and pressure. These panels are versatile and widely used in construction and furniture manufacturing due to their various advantages, such as cost-effectiveness, structural stability, and the ability to utilize wood resources efficiently. Some common types of wood-based panels include plywood, particleboard, medium-density fiberboard (MDF), and oriented strand board (OSB). Moreover, growing furniture manufacturing, rise in building construction and surge in the focus on affordable homes are anticipated to create lucrative demand for the market growth during forecast period 2023-2030.

Additionally, the expansion of construction activities plays a pivotal role in supporting the growth of the wood-based panel market. Growing construction activities lead to a surge in demand for various building materials, including wood-based panels. These panels are commonly used in construction for applications such as flooring, roofing, walls, and structural components. According to Statista, in 2016 the value of construction work done by Hochtief a global provider of construction-related services was USD 25.82 billion and in 2021 the number reached USD 23.15 billion. As a result, rising construction activities is anticipated to create the lucrative demand for the market during forecast period 2023-2030. Moreover, the rise in home remodeling market, and growing urbanization is anticipated to create the lucrative opportunity for the market. However, the fluctuation prices of raw materials, and increase in threat of substitutes stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Wood-based Panel Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growing construction and real estate development, increasing awareness of environmental sustainability, growing renovation and remodeling activities, and presence of key market players. Whereas, the Asia Pacific region is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the increasing demand in furniture manufacturing, growing infrastructure development, increasing popularity of engineered wood products, and growing rapid urbanization and construction boom.

Major market player included in this report are:
Dare Panel Group Co., Ltd.
Sonae Arauco
Evergreen Fibreboard Berhad
Egger Holzwerkstoffe GmbH
Louisiana-Pacific Corporation
Weyerhaeuser Company
Kronospan Limited
West Fraser Timber Co., Ltd.
Century Plyboards (India) Limited (Century Prowud)
Georgia Pacific LLC

Recent Developments in the Market:
Ø In September 2022, LP Building Solutions has successfully concluded a conversion and expansion initiative, investing a substantial amount, aimed at enhancing the production capabilities of LP SmartSide Trim and Siding products at its facility in New Limerick, Maine.
Global Wood-based Panel Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Application, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Oriented Strand Board
Medium Density Fiberboard

By Application:

By End User:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Wood-based Panel Market, by region, 2020-2030 (USD Billion)
1.2.2. Wood-based Panel Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Wood-based Panel Market, by Application, 2020-2030 (USD Billion)
1.2.4. Wood-based Panel Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wood-based Panel Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wood-based Panel Market Dynamics
3.1. Wood-based Panel Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing furniture manufacturing Rise in building construction
3.1.2. Market Challenges Fluctuating prices of raw materials Threat of substitutes
3.1.3. Market Opportunities Growth of the home remodelling market Growing urbanization
Chapter 4. Global Wood-based Panel Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Wood-based Panel Market, by Product Type
5.1. Market Snapshot
5.2. Global Wood-based Panel Market by Product Type, Performance – Potential Analysis
5.3. Global Wood-based Panel Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Wood-based Panel Market, Sub Segment Analysis
5.4.1. Particleboards
5.4.2. Plywood
5.4.3. Oriented Strand Board
5.4.4. Medium Density Fiberboard
5.4.5. Others
Chapter 6. Global Wood-based Panel Market, by Application
6.1. Market Snapshot
6.2. Global Wood-based Panel Market by Application, Performance – Potential Analysis
6.3. Global Wood-based Panel Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Wood-based Panel Market, Sub Segment Analysis
6.4.1. Construction
6.4.2. Furniture
6.4.3. Packaging
6.4.4. Others
Chapter 7. Global Wood-based Panel Market, by End User
7.1. Market Snapshot
7.2. Global Wood-based Panel Market by End User, Performance – Potential Analysis
7.3. Global Wood-based Panel Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Wood-based Panel Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Non-residential
Chapter 8. Global Wood-based Panel Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Wood-based Panel Market, Regional Market Snapshot
8.4. North America Wood-based Panel Market
8.4.1. U.S. Wood-based Panel Market Product Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Wood-based Panel Market
8.5. Europe Wood-based Panel Market Snapshot
8.5.1. U.K. Wood-based Panel Market
8.5.2. Germany Wood-based Panel Market
8.5.3. France Wood-based Panel Market
8.5.4. Spain Wood-based Panel Market
8.5.5. Italy Wood-based Panel Market
8.5.6. Rest of Europe Wood-based Panel Market
8.6. Asia-Pacific Wood-based Panel Market Snapshot
8.6.1. China Wood-based Panel Market
8.6.2. India Wood-based Panel Market
8.6.3. Japan Wood-based Panel Market
8.6.4. Australia Wood-based Panel Market
8.6.5. South Korea Wood-based Panel Market
8.6.6. Rest of Asia Pacific Wood-based Panel Market
8.7. Latin America Wood-based Panel Market Snapshot
8.7.1. Brazil Wood-based Panel Market
8.7.2. Mexico Wood-based Panel Market
8.8. Middle East & Africa Wood-based Panel Market
8.8.1. Saudi Arabia Wood-based Panel Market
8.8.2. South Africa Wood-based Panel Market
8.8.3. Rest of Middle East & Africa Wood-based Panel Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Dare Panel Group Co., Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Sonae Arauco
9.3.3. Evergreen Fibreboard Berhad
9.3.4. Egger Holzwerkstoffe GmbH
9.3.5. Louisiana-Pacific Corporation
9.3.6. Weyerhaeuser Company
9.3.7. Kronospan Limited
9.3.8. West Fraser Timber Co., Ltd.
9.3.9. Century Plyboards (India) Limited (Century Prowud)
9.3.10. Georgia Pacific LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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