openPR Logo
Press release

Expansion of the Global Infrastructure Sector to Benefit Wood-Based Panels Market

Expansion of the Global Infrastructure Sector to Benefit

The global market size for wood-based panels can expand at a rate close to 8% during the forecast period (2018-2023), reveals Market Research Future (MRFR).

Market Boosters and Key Barriers

The fastest rising segment for wood products manufacturers is wood-based panels, and this market can note spectacular growth from 2018 to 2023. The construction, packaging, and furniture industries are expanding at a favorable rate, which happen to be prominent consumers of wood panels. Wood-based panels enjoy massive demand across these industries as they cater to all the structural and aesthetical needs.

The worldwide infrastructure industry has noted decent growth in recent years. One of the most crucial verticals in the infrastructure sector is the wood panel market, consisting of materials like plywood as well as decorative surface products such as veneers and laminates, along with engineered wood panels including Particleboard and Medium density fiberboard (MDF) that find use in furniture and walls, in floors & roofs, kitchen cabinets, door, staircase, among others. Furniture is the biggest end-use application segment for wood-based panels, trailed by construction and packaging.

Request Free Sample Copy With TOC @ https://www.marketresearchfuture.com/sample_request/7131

Increasing urbanization within the real estate sector backed by the rising purchasing power coupled with the rapidly expanding replacement market gives a significant boost to the wood-based panels market. Wood panels are also extensively used in packaging, and given the burgeoning packaging industry, the demand for wood panels is expected to surge, especially in the food & beverage packaging industry.

Market Segmentation

The global market for wood-based panels has been analyzed thoroughly with regard to primary segments of product and application.

The product segment is classified into HDF, MDF, particleboard, OSB, plywood, soft wood, and others. Out of these, the highest share of close to 45% in the wood-based panels market is owned by the MDF segment, which is believed to retain its strong growth even in the future. The segmental reign over the market is the result of the extensive use of vertical and horizontal wood-based panels in the construction industry. The product versatility, as well as its wide range of applications within the construction industry, has made it a likely contender in the market. Also, massive demand for MDF products to manufacture furniture, cabinetry and flooring can boost its sales in the coming years. These are mostly affordable compared to other products like particleboard, plywood, and many others.

Taking into account the application segment, the market has been considered for construction, furniture and packaging. The construction-wise market segments are floors and roofs, windows and doors, siding, and others. Among all the applications, the construction segment led the worldwide market in the year 2017 and can gain further traction throughout the review period. The segment's stronghold over the market is due to the mounting demand for interior and exterior staircases, flooring, cladding and shear walls. The furniture application can attain a better position in the market during the estimated period from 2018 to 2023 since these products are generally used to manufacture durable interior decoration items. These products are durable and lighter in weight, especially when compared to traditional wood products.

Regional Insight

The global wood-based panels market can note significant growth in the primary regions of North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) during the assessment timeframe.

APAC controlled the most significant share of close to 56% in the global market for wood-based panels. It is also the fastest expanding market and its dominance in the coming years is expected to remain intact, believes MRFR. Increase in public and private sector investments within infrastructural construction projects in developing countries of India and China can give birth to a number of lucrative opportunities in the wood-based panels market in APAC.

With the second-largest share in the global wood-based panels market, North America can demonstrate a steady growth rate in the following years. Surge in repair and renovation activities within the commercial and real estate sector has led to the market growth of wood-based panels in the region. The regional market is also influenced by the high concentration of well-known players that are mainly located in the United States (US).

In 2017, Europe held a share of approximately 25% in the worldwide market for wood-based panels and is touted to be positioned quite steadily throughout the review period. The burgeoning construction industry in the commercial, industrial and residential sectors enhances the market growth for wood-based panels in the region.

Top Players

Top players that are influencing the dynamics of the worldwide wood-based panels market include Caihong Wood Co. Ltd, Kronospan, Weyerhaeuser Company, Norbord Inc., Klenk Holz AG, Ante-Group, Dongwha Group, to name a few.

Browse Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/wood-based-panels-market-7131

Office No. 528, Amanora Chambers Pune - 411028

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Expansion of the Global Infrastructure Sector to Benefit Wood-Based Panels Market here

News-ID: 1923631 • Views: 284

More Releases from Market Research Future (MRFR)

Smart Shoe Market Size USD 6.51 Billion at a CAGR of 32% by 2023 | COVID-19 Impa …
Market Overview The rising fascination with technology in wearable is estimated to benefit the global smart shoe market 2020. The SEM industry reports are produced by Market Research Future, which highlights market options for expansion. The market shows the potential to attain USD 6.51 billion by the conclusion of 2023 with the support of a 32% CAGR in the forecast period. The intensifying adoption of technology is likely to create favorable opportunities
Hardware Acceleration Market Size USD 50 Billion by 2023 at 49% CAGR | Industry …
Market Synopsis As per the evaluation by Market Research Future Reports (MRFR), the global Hardware Acceleration Market size was assessed at USD 3.12 Billion in 2018 and is expected to touch USD 50 Billion by the end of the forecast period with a CAGR of 49%. The increase in need to simplify laborious task can impel the expansion of the Hardware Acceleration Market through the evaluation period. The presence of effective tool
Optical Fingerprint Sensor Market 2021 Size, Share, Growth, COVID-19 Impact Anal …
Market Scope Market Research Future (MRFR) expects the global optical fingerprint sensor market 2020 to attain a valuation of USD 1 billion by 2023-end. It is also estimated that the market can advance at a decent rate of 12% between 2017 and 2023, which is the forecast period. We will provide covid-19 impact analysis with report. Primary Boosters and Main Deterrents Optical fingerprint scanning technology has been observing a rapid surge in
Indoor Farming Robots Market to Perceive A 22.53% CAGR By 2025, Market Analysis …
The use of robots in farming is expected to rise as the human counterparts move towards other better-paying professions, spurring the indoor farming robots market 2020. The semiconductors and electronics industry reports are produced by Market Research Future, which highlights market options for expansion. A 22.53% CAGR is expected to guide the market to USD 358.5 Million by 2025. The labor-intensive nature of agriculture is expected to advocate the use of

All 5 Releases


More Releases for MRFR

Sleeping Bruxism Treatment Market Growth & Trend to 2018-2023: MRFR
The Global Sleeping Bruxism Treatment Market is expected to grow at a CAGR of approximately 6.5% during the forecast period, 2017-2023. Bruxism is a condition characterized by grinding, gnashing or clenching of teeth. There are two types of bruxism viz. awaake bruxism and sleep bruxism. Sleep bruxism is considered a sleep-related movement disorder. People who clench or grind their teeth (brux) during sleep are more likely to have other sleep disorders
Primary Osteoarthritis Market Business Overview by 2023 | MRFR
The Worldwide Primary Osteoarthritis Market consists of regions namely the Americas, Europe, Asia Pacific, and the Middle East and Africa. According to the Centers for Disease Control and Prevention (CDC), more than 54 million people in the United States diagnosed with osteoarthritis (OA), it is the most common type of arthritis and a leading cause of disability. Osteoarthritis therapies are commonly administered via the oral route, with a few products
Brachytherapy Market 2027| Ultimate Analysis & Global Forecast | Broadcast MRFR
Brachytherapy is a type of radiation therapy in which a radiation emitting source is placed near the area requiring treatment. Brachy means treatment for short distance therapy. It is effective for the treatment of cervical cancer, breast cancer, skin cancer and other types of cancers. Cancer cure rates after brachytherapy are comparable to surgery or external beam therapy (EBT). Demand for brachytherapy is increasing because of an increase in prevalence
Brachytherapy Market 2027| Ultimate Analysis & Global Forecast | Broadcast MRFR
The Global Branchytherapy Market is flourishing owing to the factors contributing to its growth are increasing incidences of cancer, rising aging population and demand for alternatives cancer treatment. Global brachytherapy market is expected to grow at a CAGR of 10.9% during forecast period 2017 to 2023. According to American Cancer Society, breast cancer is considered as the most common type of cancer occurring in women with
Ontogenetic Market Flourishes Relentlessly; Asserts Mrfr Unleashing Industry For …
Market Research Future published a Half-Cooked Research Report on “Global Ontogenetic Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. The global ontogenetics market has been evaluated as a moderately growing market and it is expected to continue growing in the near future. Ontogenetics market is witnessing new shift due to increasing funding for research. Government as well as companies are spending large
Brachytherapy Market 2027| Ultimate Analysis & Global Forecast | Broadcast MRFR
Market Research Future published a Half-Cooked research report on “Global Branchytherapy Market Research Report - Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. The Global Branchytherapy Market is flourishing owing to the factors contributing to its growth are increasing incidences of cancer, rising aging population and demand for alternatives cancer treatment. Global brachytherapy market is expected to grow at a CAGR of 10.9% during forecast