Plywood Market by Type, Application, Uses Type and Region

DUBLIN, Dec. 19, 2022 /PRNewswire/ -- The "Plywood Market by Type (Hardwood and Softwood), Application (Construction and Industrial), Uses Type (New Construction and Rehabilitation), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2027" report has been added to  ResearchAndMarkets.com's offering.

The global plywood market size is projected to grow from USD 54.2 billion in 2022 to USD 73.3 billion by 2027, at a CAGR of 6.2%, between 2022 and 2027.

The hardwood segment is one of the fastest-growing type segments during the forecast period.

Based on type, the hardwood segment is expected to be one of the fastest-growing segments whereas softwood is the largest segment during the forecast period. Hardwood plywood offers a robust, reasonably priced, and ethically produced alternative. Softwood plywood is often used for industrial and construction projects, while Hardwood plywood is typically utilized for items like furniture and cabinets.

Softwood plywood is available in different grades for various applications. Softwood plywood in home construction exists in addition to roofs, walls, and flooring. Plywood is frequently used to cover soffits and eaves. Certain types of plywood, most notably T-111 siding, a grooved sheet product designed to resemble reverse board and batten siding, are produced expressly as siding products.

The rehabilitation segment in uses type is expected to hold the highest growth during the forecast period.

The rehabilitation of buildings is one of the areas with a growing market in multifarious countries, especially in large urban centers where there is a low inventory of land available for new construction. The building rehabilitation and maintenance market is one of the most important economic sectors in construction, especially in the most developed societies.

For instance, Europe is one of the prominent rehabilitation and maintenance markets due to its old infrastructural design. In the United States, this sector also accounts for an important fraction of the construction market.

In addition, there are many other factors that indicate that the rehabilitation market has high growth potential in many countries: the growing social awareness that preservation and enjoyment of the building heritage have acquired, the favorable prospects offered in certain areas by the cultural sector as an engine for activity (cultural tourism), the progressive aging of existing housing, and so forth.

Asia Pacific water storage systems market is estimated to register the highest CAGR during the forecast period.

APAC accounted for a share of 77.0% of the plywood market in 2021 and is expected to register a CAGR of 6.6% in terms of value during the forecast period. High economic growth rate, growing manufacturing industries, cheap labor, and global shift of consumption and production capacity from the developed markets to the emerging markets in the region are the factors leading to the growth of the plywood market in the Asia Pacific.

China is the key market in the region, consuming more than half of the demand for plywood. The market in the region is mainly driven by the presence of a large number of leading global plywood companies. China's wood and wood products industry has a huge influence on the worldwide market as the world's second-largest wood importer (after the United States) and largest wood product exporter. The annual use of wood is expected to be 550-600 million m3, with building, decorating, paper production, and wood processing (furniture, wood flooring, wood-based panels, and so on) being the main consumers. According to the National Bureau of Statistics (NBS), new dwelling starts fell 11.4 percent in 2021 compared to 2020, and fell even worse in the first four months of 2022, falling 28.4 percent.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights4.1 Attractive Opportunities for Players in Plywood Market4.2 Plywood Market, by Use Type4.3 Plywood Market: Developed Vs. Emerging Countries4.4 Asia-Pacific Plywood Market, by Application and Country, 20214.5 Plywood Market, by Major Countries

5 Market Overview5.1 Introduction5.2 Market Overview5.2.1 Drivers5.2.1.1 Capacity Expansions due to Increasing Demand5.2.1.2 Significant Growth of Furniture Industry Leading to Rising Demand for Plywood5.2.1.3 Rising Demand for Plywood in Asia-Pacific due to Growing Building & Construction Industry5.2.2 Restraints5.2.2.1 Impact of COVID-19 and Global Economic Crisis5.2.2.2 Increase in Use of Multiple Byproducts at Economical Cost5.2.2.3 Gradual Shift in Demand and Production Capacities to Emerging Economies5.2.3 Opportunities5.2.3.1 Establishing Authenticity Through Various Certifications5.2.3.2 Increase in Public-Private Partnerships to Offer Future Revenue Growth Opportunities5.2.4 Challenges5.2.4.1 Price Fluctuations and Trade War Between Us and China5.2.4.2 Low Product Differentiation5.3 Porter's Five Forces Analysis5.4 Key Stakeholders and Buying Criteria5.5 Macroeconomic Overview and Key Trends5.6 Value Chain Analysis5.7 Average Pricing Analysis5.8 Trade Analysis5.9 Patent Analysis5.10 Case Study Analysis5.10.1 Case Study 1:5.10.1.1 Title: Roof Decking: Plywood Vs Osb5.10.2 Case Study 2:5.10.2.1 Title: Hanson Plywood Case Study - Quality Matters5.11 Technology Analysis5.12 Key Conferences & Events in 20235.13 Tariff and Regulatory Landscape

6 Plywood Market, by Type6.1 Introduction6.2 Hardwood6.2.1 Utility for High-Traffic Applications Such as Flooring and Furniture6.3 Softwood6.3.1 Structural Applications in Building Sector

7 Plywood Market, by Application7.1 Introduction7.2 Construction7.2.1 Roofing7.2.1.1 Major Component in Construction7.2.2 Subflooring7.2.2.1 Extremely Stable Wood Material7.2.3 Wall Sheathing7.2.3.1 Provides Strength and Rigidity7.2.4 Sliding7.2.4.1 Quick and Ease of Access7.2.5 Finish Flooring7.2.5.1 Provides an Advantage Over Hardwood7.2.6 Other Construction Applications7.2.6.1 Interior Wall Coverings7.3 Industrial7.3.1 Material Handling Products7.3.1.1 Optimal Material Handling Solutions7.3.2 Transport Equipment7.3.2.1 Resistant to Cracking, Breaking, Shrinkage, Twisting, and Warping7.3.3 Other Industrial Applications7.3.3.1 Additional Strength and Protection

8 Plywood Market, by Use Type8.1 Introduction8.2 New Construction8.2.1 Economic Recovery and Infrastructure Development in Emerging Economies to Drive New Construction Segment8.3 Rehabilitation8.3.1 Sustainability and Aging Infrastructure Expected to Drive Growth

9 Plywood Market, by Region

10 Competitive Landscape10.1 Overview10.2 Competitive Leadership Mapping, 202110.2.1 Stars10.2.2 Emerging Leaders10.2.3 Participants10.2.4 Pervasive Players10.3 Sme Matrix, 202110.3.1 Responsive Companies10.3.2 Progressive Companies10.3.3 Starting Blocks10.3.4 Dynamic Companies10.4 Strength of Product Portfolio10.5 Business Strategy Excellence10.6 Competitive Benchmarking10.7 Market Share Analysis10.8 Market Ranking Analysis10.9 Revenue Analysis10.10 Competitive Scenario10.10.1 Market Evaluation Framework10.10.2 Market Evaluation Matrix10.11 Strategic Developments

11 Company Profiles11.1 Key Players11.1.1 Georgia-Pacific LLC11.1.2 Boise Cascade Company11.1.3 Weyerhaeuser Company Ltd.11.1.4 Upm-Kymmene Oyj11.1.5 Sveza Forest Ltd.11.1.6 Austral Plywoods Pty Ltd.11.1.7 Potlatchdeltic Corporation11.1.8 Greenply Industries11.1.9 Metsa Wood (Metsaliitto Cooperative)11.1.10 Century Plyboards Ltd.11.2 Other Players11.2.1 Austin Plywood11.2.2 Latvijas Finieris As11.2.3 Kitply Industries Limited11.2.4 Kajaria Plywood Pvt. Ltd.11.2.5 Merino Industries Limited11.2.6 Globe Panel Industries11.2.7 Uniply Industries Ltd.11.2.8 Duroply Industries Limited11.2.9 Ufp Industries, Inc.11.2.10 Murphy Plywood11.2.11 West Fraser Timber Co. Ltd.11.2.12 Royomartin11.2.13 Formwood Industries11.2.14 Archela Contrachapados Sl11.2.15 Miraluz Industry and Wood Ltda.

12 Appendix

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