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Wood Based Panel Market 2019 - 2023 | Leading Players: Timber Products Company, Yalian machinery Co, Daregroup, Xinxiel Groupt Co

04-05-2019 03:34 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Wood Based Panel Market

Wood Based Panel Market

Wood Based Panel Market in Europe has generated huge profitability and strong growth in the last few years on account of the growth of the furniture sector and rising construction industry. However, increasing cost of a range of inputs such as wood, energy and resin is expected to challenge the panel manufacturers across the Europe over the forecast period. In addition, the European panel producers are competing with the biomass industry for the procurement of wood.

The changes in incorporating newer definitions of structural use panels by American Plywood Association (APA) is likely to boost the global demand in South America as well as in North America region. Modernization in infrastructure and rapid industrialization in developing economies of Asia Pacific is likely to be a chief industry driver for the global wood based panel market over the next few years.

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The wood based panel industry can be segmented on the basis of product which includes veneers and sheets less than 6mm thick, plywood, oriented strand board, veneered panels and related, particle board & wafer board, insulation boards, hardboards and fiberboard. Moreover, the industry can be further bifurcated on the basis of region which includes North America, Europe, Asia Pacific, Latin America and MEA. In the U.S., plywood and OSB are the leading panels that are being employed and the huge capacity augment in OSB has declined the prices for panels, which impacts the margins of the panel makers over the coming few years.

Wood based panel market size was valued over USD 16 billion in 2015 and is anticipated to grow at CAGR of over 13% and exceed USD 35 billion by 2023.

China exported 5.8 million tons of wood based panels which cost around USD 5,813 million in 2014, growing at a CAGR of 15% over the previous year. China trades with the U.S., where it exports around 15% of its total panel, accounting for 55% of the U.S. total imports. One of the challenges that both the North American and European panel makers are facing is the increasing imports from China. In 2014, China and Indonesia are identified as the foremost global suppliers of the panels with a combined share of over 55% of total exports. China significantly strengthened its position in the global export structure, from 31% in 2007 to 39% in 2014.

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In 2014, China wood based panel market accounted for more than 50,000 products for manufacturing and trading enterprises, employing more than 10 million workforce and generating an output of USD 155 billion. The utilization by these enterprises exceeds 520 million and the value of exports was USD 75 billion in 2014. However, the sector suffers from a poor image due to quality scandals. In 2015, Italy has recorded gain of 7%, with an optimistic business climate for the third consecutive quarter.

Major manufacturers for the global wood based panel market share include:
• Lin Shi Tong Wood Co. Ltd
• China Foma
• Xinxiel Groupt Co
• Caihong Wood Co Ltd.
• Timber Products Company
• Yalian machinery Co
• D.I.V.A Aluminium Products
• Changzhou Hengyi Wood Products Co Ltd
• Qingdao Nianlum Wood Processing Co. Ltd.
• SKLEJKA PISZ PAGED S.A.
• Jechen Group
• Daregroup
• Linyi Guangsha Wood Industry Co Ltd
• Shanghai Wood-Based Panel Machinery Co
• Mebelny Kombinat Rassvet
• Main Land Trading Company

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

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