Market Overview:
The global wood-based panel market is expected to grow from USD 204.5 billion in 2018 to USD 283.8 billion by 2030, at a CAGR of 4.4% from 2018 to 2030. The growth of the global wood-based panel market can be attributed to the increasing demand for wood-based panels from the furniture, construction, and flooring applications. Furthermore, the growing demand for renewable and environment-friendly materials is also fueling the growth of the global wood-based panel market.
Product Definition:
Wood-based panels are created by bonding a wood veneer to a substrate of particleboard, MDF, or plywood. The paneling can be used for decorative purposes or for creating furniture and other objects.
Particleboard (PB):
Particleboard is a wood-based panel made from sawdust and resin. It has a high growth rate, which makes it suitable for applications such as furniture and flooring. The particleboards are produced by super absorbent polymers (SAP) or synthetic resins that help in collecting the sawdust particles during the production process.
Medium Density Fibreboard (MDF):
Medium Density Fibreboard (MDF) is a type of wood-based panel, manufactured using pulp and cellulose fibers. The product has high strength and stiffness as compared to Low Density Fibreboard (LDF). It also has higher durability than LDF. MDF can be used in applications where rigidity is required along with the dimensional stability of wood such as furniture, flooring, art & decoration, packaging boxes among others.
Application Insights:
The application segment includes furniture, construction, flooring and others. The wood based panel used in the construction industry is expected to witness significant growth on account of its increasing use in residential & commercial buildings as well as infrastructural development activities. Increasing urbanization along with a growing preference for designing attractive interiors are likely to boost product demand in the design and furnishing industry over the forecast period.
Wood based panels are increasingly being utilized for manufacturing cabinets for personal computers, television sets and other electronic appliances owing to their lightweight characteristics which makes them easy to transport from one place to another. Moreover, they can be easily assembled or dismantled without any special tools so that they do not get damaged during transportation or storage.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid expansion of residential, commercial, and industrial sectors in China, India, Indonesia, Vietnam among other emerging economies. In addition increasing investments in infrastructural development coupled with growing awareness about energy conservation is anticipated to drive product demand over the forecast period.
Europe accounted for a significant share owing to high acceptance of wood based panels as an alternative for concrete and steel buildings especially in countries such as Germany and U.K.
Growth Factors:
- Increasing demand from the construction industry for use in flooring, roofing, and wall panels is expected to drive the wood-based panel market growth.
- Rising disposable income of consumers coupled with changing lifestyle is anticipated to boost the demand for furniture and other interior products made from wood-based panels over the forecast period.
- Stringent government regulations related to environment protection are likely to propel manufacturers towards using more sustainable materials such as wood-based panels, which will fuel market growth.
- Growing popularity of modular kitchens is projected to create new opportunities for the wood-based panel market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Based Panel Market Research Report
By Type
Particleboard (PB), Medium Density Fibreboard (MDF), High Density Fibreboard (HDF), Oriented Strand Board (OSB), Plywood, Others
By Application
Furniture, Construction, Flooring, Others
By Companies
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
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 Wood Based Panel Market Report Segments:
The global Wood Based Panel market is segmented on the basis of:
Types
Particleboard (PB), Medium Density Fibreboard (MDF), High Density Fibreboard (HDF), Oriented Strand Board (OSB), Plywood, 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
Furniture, Construction, Flooring, 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:
- 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
Highlights of The Wood Based 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:
- Particleboard (PB)
- Medium Density Fibreboard (MDF)
- High Density Fibreboard (HDF)
- Oriented Strand Board (OSB)
- Plywood
- Others
- By Application:
- Furniture
- Construction
- Flooring
- 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 Based 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.
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- Correctly Positioning New Products
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- 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?
Wood based panels are made of wood that has been processed into a thin sheet. The sheets are then cut to specific sizes and shapes, and then glued together to create a panel.
Some of the key players operating in the wood based panel market are 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.
The wood based panel market is expected to register a CAGR of 4.4%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wood Based Panel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wood Based Panel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wood Based Panel Market - Supply Chain
4.5. Global Wood Based Panel Market Forecast
4.5.1. Wood Based Panel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wood Based Panel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wood Based Panel Market Absolute $ Opportunity
5. Global Wood Based Panel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wood Based Panel Market Size and Volume Forecast by Type
5.3.1. Particleboard (PB)
5.3.2. Medium Density Fibreboard (MDF)
5.3.3. High Density Fibreboard (HDF)
5.3.4. Oriented Strand Board (OSB)
5.3.5. Plywood
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wood Based Panel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wood Based Panel Market Size and Volume Forecast by Application
6.3.1. Furniture
6.3.2. Construction
6.3.3. Flooring
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wood Based Panel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wood Based Panel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wood Based Panel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wood Based Panel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wood Based Panel Demand Share Forecast, 2019-2026
9. North America Wood Based Panel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wood Based Panel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wood Based Panel Market Size and Volume Forecast by Application
9.4.1. Furniture
9.4.2. Construction
9.4.3. Flooring
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wood Based Panel Market Size and Volume Forecast by Type
9.7.1. Particleboard (PB)
9.7.2. Medium Density Fibreboard (MDF)
9.7.3. High Density Fibreboard (HDF)
9.7.4. Oriented Strand Board (OSB)
9.7.5. Plywood
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wood Based Panel Demand Share Forecast, 2019-2026
10. Latin America Wood Based Panel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wood Based Panel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wood Based Panel Market Size and Volume Forecast by Application
10.4.1. Furniture
10.4.2. Construction
10.4.3. Flooring
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wood Based Panel Market Size and Volume Forecast by Type
10.7.1. Particleboard (PB)
10.7.2. Medium Density Fibreboard (MDF)
10.7.3. High Density Fibreboard (HDF)
10.7.4. Oriented Strand Board (OSB)
10.7.5. Plywood
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wood Based Panel Demand Share Forecast, 2019-2026
11. Europe Wood Based Panel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wood Based Panel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wood Based Panel Market Size and Volume Forecast by Application
11.4.1. Furniture
11.4.2. Construction
11.4.3. Flooring
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wood Based Panel Market Size and Volume Forecast by Type
11.7.1. Particleboard (PB)
11.7.2. Medium Density Fibreboard (MDF)
11.7.3. High Density Fibreboard (HDF)
11.7.4. Oriented Strand Board (OSB)
11.7.5. Plywood
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wood Based Panel Demand Share, 2019-2026
12. Asia Pacific Wood Based Panel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wood Based Panel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wood Based Panel Market Size and Volume Forecast by Application
12.4.1. Furniture
12.4.2. Construction
12.4.3. Flooring
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wood Based Panel Market Size and Volume Forecast by Type
12.7.1. Particleboard (PB)
12.7.2. Medium Density Fibreboard (MDF)
12.7.3. High Density Fibreboard (HDF)
12.7.4. Oriented Strand Board (OSB)
12.7.5. Plywood
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wood Based Panel Demand Share, 2019-2026
13. Middle East & Africa Wood Based Panel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wood Based Panel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wood Based Panel Market Size and Volume Forecast by Application
13.4.1. Furniture
13.4.2. Construction
13.4.3. Flooring
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wood Based Panel Market Size and Volume Forecast by Type
13.7.1. Particleboard (PB)
13.7.2. Medium Density Fibreboard (MDF)
13.7.3. High Density Fibreboard (HDF)
13.7.4. Oriented Strand Board (OSB)
13.7.5. Plywood
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wood Based Panel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wood Based Panel Market: Market Share Analysis
14.2. Wood Based Panel Distributors and Customers
14.3. Wood Based Panel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kronospan
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arauco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Daiken New Zealand
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Duratex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Georgia-Pacific
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Masisa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Swiss Krono Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Norbord
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Louisiana-Pacific
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Weyerhaeuser
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Egger
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sonae Industria
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pfleiderer
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kastamonu Entegre
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Swedspan
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Langboard
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Finsa
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tolko
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Arbec
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. West Fraser
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
