Market Overview:
The global finished wood veneer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for finished wood veneers from the construction and furniture industries. Finished wood veneers are used in various applications such as star hotels, senior office buildings, and others. In terms of type, red beech is expected to lead the global finished wood veneer market during the forecast period owing to its properties such as high strength-to-weight ratio and resistance against decay fungi.
Product Definition:
A thin sheet of wood, usually less than 1/32 inch (0.8 millimeter) thick, that has been cut from a larger piece of wood and has had its face surface sanded smooth. Finished wood veneer is used for furniture, cabinetry, and other decorative items.
Red Beech:
Red beech is a deciduous tree native to Europe and Asia. It is also known as the European or Mountain Ash. The species has been widely cultivated across the globe due to its fast-growing rate, durability, high strength & weight properties and resistance towards fungal attacks.
The growth of red beech in China was majorly driven by its demand from furniture manufacturing industry owing to rising living standards coupled with growing urbanization in recent years (last two decades).
Cherry Wood:
Cherry wood is one of the premium hardwood species, which originates from eastern Asia. The cherry-sized wood is straight-grained and very fine textured. It has a pale yellow color when fresh cut and turns white when it ages. Cherry wood has high durability as compared to other softwood species; however, it ranks low in terms of stability and strength as compared to oak or maple woods.
Application Insights:
The star hotel application segment led the global finished wood veneer market in 2017. The demand forstar hotels is expected to witness growth on account of increasing tourism and travel activities. In addition, growing urbanization and rising disposable income are likely to propel the segment growth over the forecast period.
The senior office building application segment accounted for a share of more than 30% in 2017 owing to high product usage in this type of construction due to its aesthetic appeal and durability features. Furthermore, rising awareness regarding health benefits associated with green buildings is anticipatedto boost product demand over the next eight years. The others applications include residential buildings, institutional buildings (schools), retail storesand factories among others.
Regional Analysis:
North America finished wood veneer market accounted for the largest share of over 40% in 2017. The region is expected to witness a growth rate of 4.8% from 2018 to 2030 owing to increasing demand for luxury apartments and commercial buildings in the U.S., Canada, and Mexico.
The Asia Pacific hotel market was valued at USD X billion in 2015.
Growth Factors:
- Increasing demand from the construction industry for finished wood veneer as a decorative and finishing material.
- Rising popularity of finished wood veneer among homeowners and interior designers for use in furniture, cabinetry, and other home décor items.
- Growing demand from the automotive industry for finished wood veneer as a decorative trimming material in vehicles.
- Increasing use of finished wood veneer in musical instruments, owing to its superior sound quality properties compared to other materials such as plastic or metal.
Scope Of The Report
Report Attributes
Report Details
Report Title
Finished Wood Veneer Market Research Report
By Type
Red Beech, Cherry Wood, Others
By Application
Star Hotels, Senior Office Building, Others
By Companies
Timber Products, Flexible Materials, Precision Veneer, Hardwood Products Company, Columbia Forest Products, BC Veneer Products, Oakwood Veneer, Wausau Coated Products, Inc., Herman Miller, Cummings Veneer Products, Brookside Veneers, WiseWood Veneer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Finished Wood Veneer Market Report Segments:
The global Finished Wood Veneer market is segmented on the basis of:
Types
Red Beech, Cherry Wood, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Star Hotels, Senior Office Building, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Timber Products
- Flexible Materials
- Precision Veneer
- Hardwood Products Company
- Columbia Forest Products
- BC Veneer Products
- Oakwood Veneer
- Wausau Coated Products, Inc.
- Herman Miller
- Cummings Veneer Products
- Brookside Veneers
- WiseWood Veneer
Highlights of The Finished Wood Veneer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Red Beech
- Cherry Wood
- Others
- By Application:
- Star Hotels
- Senior Office Building
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Finished Wood Veneer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Finished wood veneer is a type of plywood that has been finished with a protective coating. This coating can be anything from a simple oil or wax finish to an elaborate lacquer or varnish job.
Some of the major companies in the finished wood veneer market are Timber Products, Flexible Materials, Precision Veneer, Hardwood Products Company, Columbia Forest Products, BC Veneer Products, Oakwood Veneer, Wausau Coated Products, Inc., Herman Miller, Cummings Veneer Products, Brookside Veneers, WiseWood Veneer.
The finished wood veneer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Finished Wood Veneer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Finished Wood Veneer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Finished Wood Veneer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Finished Wood Veneer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Finished Wood Veneer Market Size & Forecast, 2018-2028
4.5.1 Finished Wood Veneer Market Size and Y-o-Y Growth
4.5.2 Finished Wood Veneer Market Absolute $ Opportunity
Chapter 5 Global Finished Wood Veneer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Finished Wood Veneer Market Size Forecast by Type
5.2.1 Red Beech
5.2.2 Cherry Wood
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Finished Wood Veneer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Finished Wood Veneer Market Size Forecast by Applications
6.2.1 Star Hotels
6.2.2 Senior Office Building
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Finished Wood Veneer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Finished Wood Veneer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Finished Wood Veneer Analysis and Forecast
9.1 Introduction
9.2 North America Finished Wood Veneer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Finished Wood Veneer Market Size Forecast by Type
9.6.1 Red Beech
9.6.2 Cherry Wood
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Finished Wood Veneer Market Size Forecast by Applications
9.10.1 Star Hotels
9.10.2 Senior Office Building
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Finished Wood Veneer Analysis and Forecast
10.1 Introduction
10.2 Europe Finished Wood Veneer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Finished Wood Veneer Market Size Forecast by Type
10.6.1 Red Beech
10.6.2 Cherry Wood
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Finished Wood Veneer Market Size Forecast by Applications
10.10.1 Star Hotels
10.10.2 Senior Office Building
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Finished Wood Veneer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Finished Wood Veneer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Finished Wood Veneer Market Size Forecast by Type
11.6.1 Red Beech
11.6.2 Cherry Wood
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Finished Wood Veneer Market Size Forecast by Applications
11.10.1 Star Hotels
11.10.2 Senior Office Building
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Finished Wood Veneer Analysis and Forecast
12.1 Introduction
12.2 Latin America Finished Wood Veneer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Finished Wood Veneer Market Size Forecast by Type
12.6.1 Red Beech
12.6.2 Cherry Wood
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Finished Wood Veneer Market Size Forecast by Applications
12.10.1 Star Hotels
12.10.2 Senior Office Building
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Finished Wood Veneer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Finished Wood Veneer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Finished Wood Veneer Market Size Forecast by Type
13.6.1 Red Beech
13.6.2 Cherry Wood
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Finished Wood Veneer Market Size Forecast by Applications
13.10.1 Star Hotels
13.10.2 Senior Office Building
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Finished Wood Veneer Market: Competitive Dashboard
14.2 Global Finished Wood Veneer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Timber Products
14.3.2 Flexible Materials
14.3.3 Precision Veneer
14.3.4 Hardwood Products Company
14.3.5 Columbia Forest Products
14.3.6 BC Veneer Products
14.3.7 Oakwood Veneer
14.3.8 Wausau Coated Products, Inc.
14.3.9 Herman Miller
14.3.10 Cummings Veneer Products
14.3.11 Brookside Veneers
14.3.12 WiseWood Veneer
