Global Wood Based Panel Market is Growing with a CAGR of 12.7% in the Forecast Period of 2021 to 2028

Global Wood Based Panel Market is growing with factors such as rising consumer spending on wood based panels in the renovation of homes and furniture, low product cost coupled with superior properties of wood panels including strength and durability. Also, the balanced import and export procedures of wood panels among the countries are accelerating the growth of the market.

However, fluctuation in the prices of wood pulp and stringent government regulations for data privacy and stringent rules and norms by the government regarding deforestation is hindering the growth of the electronic safety system market.

Global Wood Based Panel Market Scenario                             

According to Data Bridge Market Research, the market for Asia-Pacific has the highest market share followed by North America and Europe. Market leader is WEST FRASER which caters almost 3.10% market share.

  • In November 2020, West Fraser acquired Norbord, creating a Diversified Global Wood Products Leader. This acquisition has increased the credibility of the company in the market and thus will help the company in diversifying its business.

Wood Based Panel Market Trends Impacting the Market

Now the question is which other region WEST FRASER., Weyerhaeuser Company and Canfor are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific wood based panel market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2021.

The wood based panel market is becoming more competitive every year with companies such as WEST FRASER., Weyerhaeuser Company and Canfor as they are the market leaders for wood based panel market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the wood based panel market.           

For more analysis on the wood based panel market request for a briefing with our analysts

Global Wood Based Panel Market Developments

  • In February 2021, Weyerhaeuser Company announced an agreement to purchase 69,200 acres of high-quality Alabama timberlands from Soterra. The company purchased these timberlands for approximately USD 149.00 million. Through this, the company will enhance their timberland operations and will expand their base of customers and future export opportunities.
  • In February 2019, Canfor announced acquisition of VIDA Group of Sweden for a price of 3,990 million Swedish Krona. Under this acquisition, Canfor leveraged VIDA’s wood products, their strong customer relationships and the value of the VIDA brand. This has helped the company to enhance their offerings and to grow in the market.

Scope of the Global Wood Based Panel Market

Global wood based panel market is segmented on the basis of countries into the U.S., Canada and Mexico, the Germany, France, Russia, U.K., Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Sweden, Finland, Turkey, Norway and Rest of Europe, China, Japan, India, South Korea, Australia, Indonesia, Singapore, Thailand, Malaysia, Philippines and Rest of Asia-Pacific, Brazil, Argentina, Uruguay, Chile and Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East.

All country based analysis of wood based panel market is further analyzed based on further segmentation. On the basis of product, the global wood based panel market has been segmented into plywood, fiberboard, cement-bonded particleboard, OSB, lumber panels, T-beam panels, stress-skin panels and others. On the basis of distribution channel, the global wood based panel market has been segmented into e-commerce, OEMS, B2B, specialty stores and others. On the basis of thickness, the global wood based panel market has been segmented into 9 MM, 10 MM, 18 MM, 20 MM, 40 MM, 50 MM and Others. On the basis of application, the global wood based panel market has been segmented into outdoor door, window trim, ceiling wall, mantel, floor and others. On the basis of end-User, the global wood based panel market has been segmented into residential building, commercial building, hotels, villa, hospitals, school, malls and others.

Key Pointers Covered In Global Wood Based Panel Market Industry Trends and Forecast To 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Global wood based panel market
  • Company profiling of top eight players of Global wood based panel market

Key Market Competitors Covered in the Report

  • EGGER Group
  •  West Fraser
  •  Kastamonu Entegre
  •  Georgia-Pacific
  • Weyerhaeuser Company
  •  Dongwha Group
  •  Binderholz GmbH
  •  Kronoplus Limited
  • DARE
  •  Boise Cascade
  • Starbank Panel Products Ltd
  •  SONAE Arauco,
  •  Timber Products

Above are the key players covered in the report, to know about more and exhaustive list of wood based panel companies’, contact us

Research Methodology: Global Wood Based Panel Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Researchers, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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