Press release
Wood Based Panel Market size to Reach USD 171,637.90 million by 2030.
Wood-based panels are a common term for various board products with a good range of engineering properties. While some panel types are relatively new on the market, others were developed and successfully introduced more than a hundred years ago. However, panel types with a long history of continuous optimization are still far from being fully developed and may always have a chance for improvement. Technological developments, on the one hand, new market and regulative requirements, and a steadily changing raw material situation drive continuous improvements of wood-based panels and their manufacturing processes.
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Wood Based Panel Market Analysis and Size
The global wood based panel market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.6% from 2023 to 2030 and is expected to reach USD 171,637.90 million by 2030. The major factor driving the growth of the wood based panel market is the balanced import and export procedures of wood panels among the countries.
Wood-based panels have diverse applications across various end-user industries. In construction, they are used for structural elements, flooring, roofing, and interior paneling. In furniture manufacturing, they are the primary material for cabinets, shelves, and tabletops. The automotive industry utilizes them in vehicle interiors. They are also utilized in packaging, shipbuilding, retail fixtures, and other sectors requiring cost-effective, versatile, and sustainable paneling solutions.
The global wood based panel market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
Global Wood Based Panel Market Scope
The global wood based panel market is categorized based on product, thickness, distribution channel, application, and end-user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Competitive Landscape and Global Wood Based Panel Market Share Analysis
The global wood based panel market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the market.
Some of the prominent participants operating in the global wood based panel market are EGGER Gr0up, Boise Cascade, West Fraser, Starbank Panel Products Ltd, Dongwha Group, Kronoplus Limited, BinderHolz GmbH, DARE panel group co., ltd., Georgia-Pacific, ARAUCO, Canfor, Sonae Industria, EVERGREEN FIBREBOARD BERHAD, Mieco Chipboard Berhad, Green River Holding Co., Ltd., Kastamonu Entegre, PFEIFER GROUP, Weyerhaeuser Company, Timber Products among others.
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