North America Plywood Market 2020: Growth, Industry Outlook, Demand, Keyplayer Analysis and Opportunity - IMARC Group

The North America plywood market reached a volume of 13.6 Million Cubic Meter in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

Plywood is an engineered wood panel that is made from one or more thin sheets of wood called plies. Plywood becomes considerably more durable than other wood products, like medium density fiberboard (MDF), due to the way the direction of each layer’s grain is alternated to the adjacent layers.

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Market Trends:

The North American plywood market is primarily driven by the burgeoning need for plywood for housing development and construction activities. This can be accredited to its resistance to cracking, splitting, shrinkage and twisting. Despite this, it is also cost-effective, flexible, re-usable, and offers a higher degree of strength than plain wood. Due to these versatile properties, plywood finds extensive applications. It is used in the manufacturing of designer furniture, packaging, and wall and floor covering for molds in concrete structures.

With the increasing demand and advancements in technology, manufacturers are introducing new variants of plywood with improved features and better resistance to chemicals, making it suitable for industrial uses. These factors are expected to create a positive outlook for the market in the upcoming years.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/north-america-plywood-market

North America Plywood Market Segmentation:

Market Breakup by Application

Residential
Commercial

Market Breakup by Sector

New Construction
Replacement

Market Breakup by Country

United States
Canada

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