Market Overview:
The global wood veneers 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 wood veneers from various applications, such as doors, cabinets, and furniture. In addition, the growing construction industry is also fueling the demand for wood veneers in Asia Pacific and Middle East & Africa regions. On the basis of type, raw veneer held a major share of the global wood veneers market in 2017. However, paper backed and phenolic backed veneer are projected to grow at a higher CAGR during the forecast period owing to their superior properties such as durability and resistance against moisture and heat.
Product Definition:
A thin sheet, usually of wood, that is glued to a thicker piece of wood to provide a more attractive surface. Wood veneers are used to improve the appearance of furniture, cabinetry, and other wooden objects.
Raw Veneer:
Raw Veneer is the thin slice of a tree, which is sawn from the trunk. It has high moisture content and contains tannins, resins and other chemicals that make it look like wood. The grain pattern in raw veneers can be similar to real wood but its color can vary greatly since it's not connected to the tree through a living stem.
Paper Backed Veneer:
Paper backed veneer is a thin layer of wood that is adhesively attached to the core. It’s major application in the wood veneers market includes decking applications such as railings, handrails and tabletops. The product also finds its usage in flooring applications such as underlayment, subflooring and sheathing.
The global paper-backed veneer market size was valued at USD 536 million in 2015.
Application Insights:
Wood veneers are majorly used in the construction of doors. The growing demand for wooden door panels in residential and commercial structures is expected to be a key factor driving the market over the forecast period. Wood veneers are also used in various other applications such as furniture, cabinetry, picture framing and shelf supports among others.
The wood furniture segment accounted for more than 25% share of the overall revenue on account of high product demand across different end-use industries worldwide.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to rising demand for wood veneers from the residential and non-residential construction sectors in countries, such as Canada and Mexico. In addition, growing popularity of natural wood products due to increasing awareness about environment protection is expected to drive industry expansion over the forecast period.
Asia Pacific emerged as a prominent regional market owing to high product demand from developing countries like India and China. Rapidly expanding residential sector on account of government initiatives for providing affordable housing solutions coupled with increasing per capita income levels are anticipated to promote consumer spending on household goods including furniture which will further fuel industry development over the next eight years.
Growth Factors:
- Increasing demand from the construction industry for wood veneers as a decorative and finishing material.
- Rising popularity of wood veneers among furniture manufacturers and interior designers as a cost-effective and versatile alternative to solid wood.
- Growing demand for high-quality, exotic wood veneers in the luxury segment.
- Technological advancements that have made it possible to produce thinner, more uniform sheets of veneer with fewer defects, thus expanding the range of applications for which they can be used.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Veneers Market Research Report
By Type
Raw Veneer, Paper Backed Veneer, Phenolic Backed Veneer, Laid Up Veneer, Reconstituted Veneer
By Application
Doors, Cabinets, Wood Furniture, Others
By Companies
Timber Products, Flexible Materials, Precision Veneer, Hardwood Products Company, Columbia Forest Products, BC Veneer Products, Oakwood Veneer, Wausau Coated Products, Herman Miller, Cummings Veneer Products, Timber Products, 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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Wood Veneers Market Report Segments:
The global Wood Veneers market is segmented on the basis of:
Types
Raw Veneer, Paper Backed Veneer, Phenolic Backed Veneer, Laid Up Veneer, Reconstituted Veneer
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
Doors, Cabinets, Wood Furniture, 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
- Herman Miller
- Cummings Veneer Products
- Timber Products
- WiseWood Veneer
Highlights of The Wood Veneers 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:
- Raw Veneer
- Paper Backed Veneer
- Phenolic Backed Veneer
- Laid Up Veneer
- Reconstituted Veneer
- By Application:
- Doors
- Cabinets
- Wood Furniture
- 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 Wood Veneers 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.
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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?
Wood veneers are thin sheets of wood that are glued to the front and back of a piece of furniture. They give the appearance of real wood, but they're much less expensive and easier to maintain.
Some of the major companies in the wood veneers market are Timber Products, Flexible Materials, Precision Veneer, Hardwood Products Company, Columbia Forest Products, BC Veneer Products, Oakwood Veneer, Wausau Coated Products, Herman Miller, Cummings Veneer Products, Timber Products, WiseWood Veneer.
The wood veneers 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 Veneers 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 Veneers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Wood Veneers 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 Veneers 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 Veneers Market Size & Forecast, 2018-2028 4.5.1 Wood Veneers Market Size and Y-o-Y Growth 4.5.2 Wood Veneers Market Absolute $ Opportunity
Chapter 5 Global Wood Veneers 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 Wood Veneers Market Size Forecast by Type
5.2.1 Raw Veneer
5.2.2 Paper Backed Veneer
5.2.3 Phenolic Backed Veneer
5.2.4 Laid Up Veneer
5.2.5 Reconstituted Veneer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wood Veneers 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 Wood Veneers Market Size Forecast by Applications
6.2.1 Doors
6.2.2 Cabinets
6.2.3 Wood Furniture
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood Veneers 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 Veneers 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 Wood Veneers Analysis and Forecast
9.1 Introduction
9.2 North America Wood Veneers 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 Wood Veneers Market Size Forecast by Type
9.6.1 Raw Veneer
9.6.2 Paper Backed Veneer
9.6.3 Phenolic Backed Veneer
9.6.4 Laid Up Veneer
9.6.5 Reconstituted Veneer
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 Wood Veneers Market Size Forecast by Applications
9.10.1 Doors
9.10.2 Cabinets
9.10.3 Wood Furniture
9.10.4 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 Wood Veneers Analysis and Forecast
10.1 Introduction
10.2 Europe Wood Veneers 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 Wood Veneers Market Size Forecast by Type
10.6.1 Raw Veneer
10.6.2 Paper Backed Veneer
10.6.3 Phenolic Backed Veneer
10.6.4 Laid Up Veneer
10.6.5 Reconstituted Veneer
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 Wood Veneers Market Size Forecast by Applications
10.10.1 Doors
10.10.2 Cabinets
10.10.3 Wood Furniture
10.10.4 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 Wood Veneers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wood Veneers 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 Wood Veneers Market Size Forecast by Type
11.6.1 Raw Veneer
11.6.2 Paper Backed Veneer
11.6.3 Phenolic Backed Veneer
11.6.4 Laid Up Veneer
11.6.5 Reconstituted Veneer
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 Wood Veneers Market Size Forecast by Applications
11.10.1 Doors
11.10.2 Cabinets
11.10.3 Wood Furniture
11.10.4 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 Wood Veneers Analysis and Forecast
12.1 Introduction
12.2 Latin America Wood Veneers 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 Wood Veneers Market Size Forecast by Type
12.6.1 Raw Veneer
12.6.2 Paper Backed Veneer
12.6.3 Phenolic Backed Veneer
12.6.4 Laid Up Veneer
12.6.5 Reconstituted Veneer
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 Wood Veneers Market Size Forecast by Applications
12.10.1 Doors
12.10.2 Cabinets
12.10.3 Wood Furniture
12.10.4 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) Wood Veneers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wood Veneers 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) Wood Veneers Market Size Forecast by Type
13.6.1 Raw Veneer
13.6.2 Paper Backed Veneer
13.6.3 Phenolic Backed Veneer
13.6.4 Laid Up Veneer
13.6.5 Reconstituted Veneer
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) Wood Veneers Market Size Forecast by Applications
13.10.1 Doors
13.10.2 Cabinets
13.10.3 Wood Furniture
13.10.4 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 Wood Veneers Market: Competitive Dashboard
14.2 Global Wood Veneers 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
14.3.9 Herman Miller
14.3.10 Cummings Veneer Products
14.3.11 Timber Products
14.3.12 WiseWood Veneer