Market Overview:
The global wood composite panel market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wood composite panels from the furniture, flooring, and decorative moulding applications. In terms of type, the hardboard segment is expected to lead the market during the forecast period owing to its properties such as high strength-to-weight ratio and resistance against moisture and insects. In terms of region, Asia Pacific is projected to be fastest growing region during the forecast period owing to rising demand for wood composite panels from China and India. Some of the key players operating in this market are Georgia-Pacific LLC (U.S.), Kronospan SE (Germany), Swiss Krono Group AG (Switzerland), Norbord Inc.(Canada), Fletcher Building Ltd.
Product Definition:
Wood Composite Panel is a type of building material that is made from wood fibers and other materials, such as resin. It is used to create walls, floors, and roofs. Wood Composite Panel is important because it is strong and durable, yet affordable.
Hardboard:
Hardboard is a type of wood panel, which is manufactured using multiple layers of veneers. The product has high durability and strength owing to the presence of lignin in its structure. It can be used as an alternative to plywood for applications such as furniture making, flooring, interior design and architecture designing due to its low cost and easy availability.
MDF (Medium Density Fiberboard):
MDF (Medium Density Fiberboard) is a type of wood-plastic composite, which is manufactured by combining cellulose fibers with plastic resin. Cellulose fibers are sourced from natural sources such as plants and trees; whereas the plastic resin comes from petrochemical products. The end product has several uses in construction & carpentry applications such as flooring, paneling, moldings & trim work along with decorative items like furniture and cabinets.
Application Insights:
The decorative moulding application segment led the global wood composite panel market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for attractive interior designs in residential and commercial applications, coupled with high product usage for decorative purposes such as crown moldings, baseboards, picture framing components and cornices.
Furniture accounted for 29% of the overall revenue share in 2017 owing to rising demand from end-users regarding finished products that are durable, safe & sound along with being aesthetically appealing. Wood composites add value both inside & out; they provide an aesthetic appeal while also providing thermal insulation & protection against moisture which makes them suitable for use in furniture applications where durability is required along with aesthetics appearance.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in construction activities due to the recent recession and increasing focus on energy-efficient buildings. However, rising demand for green building materials is anticipated to drive product demand over the coming years.
Asia Pacific accounted for a revenue share of 23% in 2017 owing to rapid industrialization and urbanization resulting in an increase in construction activities across emerging economies such as China, India, Indonesia, Malaysia and Thailand among others. In addition, rising disposable income levels are expected boost consumer spending on household renovations which will further propel industry growth over the next eight years.
Europe was valued at USD X million as per 2016 data published by Association of American Wood Manufacturers (AAWM).
Growth Factors:
- Increasing demand from construction and furniture industries
- Rising awareness about the benefits of wood composite panels among consumers
- Technological advancements in the manufacturing of wood composite panels
- Growing popularity of green buildings and sustainable construction practices
- Expansion of global trade leading to increased demand for wood composite panels
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Composite Panel Market Research Report
By Type
Hardboard, MDF (Medium Density Fiberboard), Particleboard, Other
By Application
Decorative Moulding, Furniture, Flooring, Other
By Companies
Arauco, Boise Cascade Company, Duratex, Egger, Finsa, Georgia-Pacific Wood Products, Integrated Wood Components, Kastamonu Entegre, Kronospan, MASISA, Nelson Pine, Norbord, Pfleiderer, Sonae Industria, Swedspan, Swiss Krono Group, Yildiz Entegre
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Wood Composite Panel Market Report Segments:
The global Wood Composite Panel market is segmented on the basis of:
Types
Hardboard, MDF (Medium Density Fiberboard), Particleboard, Other
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
Decorative Moulding, Furniture, Flooring, Other
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:
- Arauco
- Boise Cascade Company
- Duratex
- Egger
- Finsa
- Georgia-Pacific Wood Products
- Integrated Wood Components
- Kastamonu Entegre
- Kronospan
- MASISA
- Nelson Pine
- Norbord
- Pfleiderer
- Sonae Industria
- Swedspan
- Swiss Krono Group
- Yildiz Entegre
Highlights of The Wood Composite Panel 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:
- Hardboard
- MDF (Medium Density Fiberboard)
- Particleboard
- Other
- By Application:
- Decorative Moulding
- Furniture
- Flooring
- Other
- 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 Wood Composite Panel 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Wood composite panel is a type of composite material made from wood fibers and resin. The resin binds the wood fibers together, creating a strong and durable panel.
Some of the major companies in the wood composite panel market are Arauco, Boise Cascade Company, Duratex, Egger, Finsa, Georgia-Pacific Wood Products, Integrated Wood Components, Kastamonu Entegre, Kronospan, MASISA, Nelson Pine, Norbord, Pfleiderer, Sonae Industria, Swedspan, Swiss Krono Group, Yildiz Entegre.
The wood composite panel 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 Wood Composite Panel 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 Wood Composite Panel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood Composite Panel 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 Wood Composite Panel 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 Wood Composite Panel Market Size & Forecast, 2020-2028
4.5.1 Wood Composite Panel Market Size and Y-o-Y Growth
4.5.2 Wood Composite Panel Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hardboard
5.2.2 MDF (Medium Density Fiberboard)
5.2.3 Particleboard
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Decorative Moulding
6.2.2 Furniture
6.2.3 Flooring
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood Composite Panel 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 Wood Composite Panel 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hardboard
9.6.2 MDF (Medium Density Fiberboard)
9.6.3 Particleboard
9.6.4 Other
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 Market Size Forecast by Applications
9.10.1 Decorative Moulding
9.10.2 Furniture
9.10.3 Flooring
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hardboard
10.6.2 MDF (Medium Density Fiberboard)
10.6.3 Particleboard
10.6.4 Other
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 Market Size Forecast by Applications
10.10.1 Decorative Moulding
10.10.2 Furniture
10.10.3 Flooring
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hardboard
11.6.2 MDF (Medium Density Fiberboard)
11.6.3 Particleboard
11.6.4 Other
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 Market Size Forecast by Applications
11.10.1 Decorative Moulding
11.10.2 Furniture
11.10.3 Flooring
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hardboard
12.6.2 MDF (Medium Density Fiberboard)
12.6.3 Particleboard
12.6.4 Other
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 Market Size Forecast by Applications
12.10.1 Decorative Moulding
12.10.2 Furniture
12.10.3 Flooring
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hardboard
13.6.2 MDF (Medium Density Fiberboard)
13.6.3 Particleboard
13.6.4 Other
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) Market Size Forecast by Applications
13.10.1 Decorative Moulding
13.10.2 Furniture
13.10.3 Flooring
13.10.4 Other
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 Wood Composite Panel Market: Competitive Dashboard
14.2 Global Wood Composite Panel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arauco
14.3.2 Boise Cascade Company
14.3.3 Duratex
14.3.4 Egger
14.3.5 Finsa
14.3.6 Georgia-Pacific Wood Products
14.3.7 Integrated Wood Components
14.3.8 Kastamonu Entegre
14.3.9 Kronospan
14.3.10 MASISA
14.3.11 Nelson Pine
14.3.12 Norbord
14.3.13 Pfleiderer
14.3.14 Sonae Industria
14.3.15 Swedspan
14.3.16 Swiss Krono Group
14.3.17 Yildiz Entegre
