Wood-Based Panel Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global wood-based panel market is experiencing a significant upswing, driven by the surge in construction activities worldwide and the growing demand for lightweight and eco-friendly furniture. Wood-based panels encompass a diverse range of engineered wood products, including medium density fiberboard, high density fiberboard, particleboard, oriented strand board (OSB), softboard, hardboard, and plywood, making them a versatile choice for various applications.

Key Factors Fueling Market Growth

Construction Boom: The rise in construction projects across the globe has led to a substantial increase in the demand for wood-based panels. These panels find extensive use in construction applications, providing robust primary durability to roofs, floors, walls, doors, stairs, and more.
Advantages Galore: Wood-based panels offer a multitude of advantages, including cost-effectiveness, enhanced strength, and durability. These benefits are propelling their adoption in diverse industries.
Population Expansion: The ever-growing global population has spurred urbanization and infrastructure development, further bolstering the demand for wood-based panels in construction.
Technological Advancements: Continuous advancements in manufacturing technologies and processes have resulted in improved product quality and reduced production costs. This has contributed to the market's growth.

Key Trends Shaping the Market

Advanced Technologies: Manufacturers are increasingly adopting advanced technologies to enhance the quality of wood-based panels while reducing manufacturing costs. This trend is expected to drive market growth.
Eco-Friendly Focus: Growing environmental concerns have led to a shift towards eco-friendly wood-based panels that have a lower environmental impact. Consumers are showing a preference for sustainable and durable options.
Increased Urbanization: Urbanization trends, rising disposable incomes, and changing lifestyles are fueling construction and infrastructure development, thereby driving the demand for wood-based panels.

Opportunities for Market Growth

Expanding Applications: The versatile nature of wood-based panels has led to their increased utilization in various applications, presenting new growth opportunities in the market.
Technological Advancements: Continuous innovation and efficiency improvements in manufacturing processes offer substantial opportunities for market growth.
Eco-Friendly Alternatives: The shift towards eco-friendly wood-based panels that are environmentally responsible and durable is expected to create significant growth prospects.

Challenges to Consider

Raw Material Costs: Fluctuations in raw material prices and supply instability can pose challenges to the wood-based panel market.
Environmental Regulations: Stringent government policies aimed at protecting forests and the environment may impact the availability of raw materials.

Impact of Structural and Nonstructural Panels in the US Market

The United States dominates the North American wood-based panel market, driven by increased residential construction spending and consumer demand for aesthetically appealing furniture products. However, the market faces challenges related to raw material supply fluctuations.

China's Dominance in Plywood Production

China holds a significant share of the global plywood market, accounting for approximately 80% of total wood-based panel exports. The country's rapid development in the wood-based panel sector, coupled with the advent of e-commerce, has fueled market growth.

India's Thriving Wood-Based Panel Market

In India, the plywood industry's growth is closely tied to the construction sector, with government initiatives like Pradhan Mantri Awas Yojana aiming to provide housing for all by 2022. Increased transparency through the Real Estate Regulatory Act (RERA) and growth in hospitality, retail, and healthcare sectors are further boosting the market.

Key Players in the Global Wood-Based Panel Market

Leading players in the global wood-based panel market include Dongwha Malaysia Holdings Sdn. Bhd., Kronospan Limited, Dare Panel Group Co., Ltd., Starbank Panel Products Ltd, Egger Group, Norbord Inc., Green River Holding Co., Ltd., Timber Products Company, Pfeifer Group, Sonae Industria, and others.

Global Wood-Based Panel Market: Market Segmentation

On the basis of Product Type, the global Wood-based panel market has been segmented as -

Medium Density Fiberboard (MDF)
High Density Fiberboard (HDF)
Particleboard
Oriented Strand Board (OSB)
Softboard
Hardboard
Plywood

On the basis of Application, the global Wood-based panel market has been segmented as

Furniture
Construction

Windows & Doors

Flooring & Decking

Siding

Others

Packaging

Regional

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia)
South Asia (India, Thailand, Indonesia, Malaysia)
East Asia (China, Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa)

1. Executive Summary

1.1. Global Wood-Based Panel Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Wood-Based Panel Market Outlook, 2018 - 2031

3.1. Global Wood-Based Panel Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Medium Density Fiberboard (MDF)
  - 3.1.1.2. High Density Fiberboard (HDF)
  - 3.1.1.3. Particleboard
  - 3.1.1.4. Oriented Strand Board (OSB)
  - 3.1.1.5. Softboard
  - 3.1.1.6. Hardboard
  - 3.1.1.7. Plywood
3.2. Global Wood-Based Panel Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Furniture
  - 3.2.1.2. Construction
    - 3.2.1.2.1. Windows & Doors
    - 3.2.1.2.2. Flooring & Decking
    - 3.2.1.2.3. Siding
    - 3.2.1.2.4. Others
  - 3.2.1.3. Packaging
3.3. Global Wood-Based Panel Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Wood-Based Panel Market Outlook, 2018 - 2031

4.1. North America Wood-Based Panel Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Medium Density Fiberboard (MDF)
  - 4.1.1.2. High Density Fiberboard (HDF)
  - 4.1.1.3. Particleboard
  - 4.1.1.4. Oriented Strand Board (OSB)
  - 4.1.1.5. Softboard
  - 4.1.1.6. Hardboard
  - 4.1.1.7. Plywood
4.2. North America Wood-Based Panel Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Furniture
  - 4.2.1.2. Construction
    - 4.2.1.2.1. Windows & Doors
    - 4.2.1.2.2. Flooring & Decking
    - 4.2.1.2.3. Siding
    - 4.2.1.2.4. Others
  - 4.2.1.3. Packaging
4.3. North America Wood-Based Panel Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Wood-Based Panel Market Outlook, 2018 - 2031

5.1. Europe Wood-Based Panel Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Medium Density Fiberboard (MDF)
  - 5.1.1.2. High Density Fiberboard (HDF)
  - 5.1.1.3. Particleboard
  - 5.1.1.4. Oriented Strand Board (OSB)
  - 5.1.1.5. Softboard
  - 5.1.1.6. Hardboard
  - 5.1.1.7. Plywood
5.2. Europe Wood-Based Panel Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Furniture
  - 5.2.1.2. Construction
    - 5.2.1.2.1. Windows & Doors
    - 5.2.1.2.2. Flooring & Decking
    - 5.2.1.2.3. Siding
    - 5.2.1.2.4. Others
  - 5.2.1.3. Packaging
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Wood-Based Panel Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Wood-Based Panel Market Outlook, 2018 - 2031

6.1. Asia Pacific Wood-Based Panel Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Medium Density Fiberboard (MDF)
  - 6.1.1.2. High Density Fiberboard (HDF)
  - 6.1.1.3. Particleboard
  - 6.1.1.4. Oriented Strand Board (OSB)
  - 6.1.1.5. Softboard
  - 6.1.1.6. Hardboard
  - 6.1.1.7. Plywood
6.2. Asia Pacific Wood-Based Panel Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Furniture
  - 6.2.1.2. Construction
    - 6.2.1.2.1. Windows & Doors
    - 6.2.1.2.2. Flooring & Decking
    - 6.2.1.2.3. Siding
    - 6.2.1.2.4. Others
  - 6.2.1.3. Packaging
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Wood-Based Panel Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Wood-Based Panel Market Outlook, 2018 - 2031

7.1. Latin America Wood-Based Panel Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Medium Density Fiberboard (MDF)
  - 7.1.1.2. High Density Fiberboard (HDF)
  - 7.1.1.3. Particleboard
  - 7.1.1.4. Oriented Strand Board (OSB)
  - 7.1.1.5. Softboard
  - 7.1.1.6. Hardboard
  - 7.1.1.7. Plywood
7.2. Latin America Wood-Based Panel Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Wood-Based Panel Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Wood-Based Panel Market Outlook, 2018 - 2031

8.1. Middle East & Africa Wood-Based Panel Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Medium Density Fiberboard (MDF)
  - 8.1.1.2. High Density Fiberboard (HDF)
  - 8.1.1.3. Particleboard
  - 8.1.1.4. Oriented Strand Board (OSB)
  - 8.1.1.5. Softboard
  - 8.1.1.6. Hardboard
  - 8.1.1.7. Plywood
8.2. Middle East & Africa Wood-Based Panel Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Furniture
  - 8.2.1.2. Construction
    - 8.2.1.2.1. Windows & Doors
    - 8.2.1.2.2. Flooring & Decking
    - 8.2.1.2.3. Siding
    - 8.2.1.2.4. Others
  - 8.2.1.3. Packaging
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Wood-Based Panel Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Wood-Based Panel Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Wood-Based Panel Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Dongwha Malaysia Holdings Sdn. Bhd.
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Type Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Klenk Holz GmbH
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Type Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Kronospan Limited
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Type Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Dare Panel Group Co., Ltd.
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Type Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. SGS Industrial Services
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Type Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Starbank Panel Products Ltd
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Type Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. EGGER Group
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Type Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Norbord Inc
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Type Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Kastamonu Entegre
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Type Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Georgia-Pacific
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Type Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. ARAUCO
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Type Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. Canfor
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Product Type Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. Robert Burkle GmbH
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Product Type Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. Pfeifer Gruppe
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Product Type Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development
- 9.4.15. Sonae Industria SGPA, S.A
  - 9.4.15.1. Company Overview
  - 9.4.15.2. Product Type Portfolio
  - 9.4.15.3. Financial Overview
  - 9.4.15.4. Business Strategies and Development
- 9.4.16. An Cuong
  - 9.4.16.1. Company Overview
  - 9.4.16.2. Product Type Portfolio
  - 9.4.16.3. Financial Overview
  - 9.4.16.4. Business Strategies and Development
- 9.4.17. Evergreen Fiberboard Berhad
  - 9.4.17.1. Company Overview
  - 9.4.17.2. Product Type Portfolio
  - 9.4.17.3. Financial Overview
  - 9.4.17.4. Business Strategies and Development
- 9.4.18. Mieco Chipboard Berhad
  - 9.4.18.1. Company Overview
  - 9.4.18.2. Product Type Portfolio
  - 9.4.18.3. Financial Overview
  - 9.4.18.4. Business Strategies and Development
- 9.4.19. Green River Holding Co., Ltd
  - 9.4.19.1. Company Overview
  - 9.4.19.2. Product Type Portfolio
  - 9.4.19.3. Financial Overview
  - 9.4.19.4. Business Strategies and Development
- 9.4.20. HeveaPac Sdn. Bhd.
  - 9.4.20.1. Company Overview
  - 9.4.20.2. Product Type Portfolio
  - 9.4.20.3. Financial Overview
  - 9.4.20.4. Business Strategies and Development
- 9.4.21. Robin Wood
  - 9.4.21.1. Company Overview
  - 9.4.21.2. Product Type Portfolio
  - 9.4.21.3. Financial Overview
  - 9.4.21.4. Business Strategies and Development
- 9.4.22. Vina Eco Board Co. Ltd
  - 9.4.22.1. Company Overview
  - 9.4.22.2. Product Type Portfolio
  - 9.4.22.3. Financial Overview
  - 9.4.22.4. Business Strategies and Development
- 9.4.23. VRG
  - 9.4.23.1. Company Overview
  - 9.4.23.2. Product Type Portfolio
  - 9.4.23.3. Financial Overview
  - 9.4.23.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations