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Manufactured Wood Materials Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2030
The Manufactured Wood Materials Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.“The global manufactured wood materials market reached a value of nearly $264.6 billion in 2019, having increased at a compound annual growth rate (CAGR) of 6.9% since 2015. The market is expected to decline from $264.6 billion in 2019 to $256.9 billion in 2020 at a rate of -2.92%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8.07% from 2021 ad reach $315.7 billion in 2023. The market is expected to reach $367.4 billion by 2025, and $525.4 billion by 2030.”
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Top Leading Companies of Manufactured Wood Materials Market are - Georgia-Pacific, Weyerhaeuser, Boise Cascade, West Fraser Timber Co Ltd, Universal Forest Products and others.
The Manufactured Wood Materials Market is segmented by Type and Application as follows:
By Type: Transportation Reconstituted Wood, Plywood, Veneer Sheets
By Type of Wood Plant: Beech, Oak, Others
By Application: Residential, Commercial
The global manufactured wood materials market is highly fragmented, with a large number of players in the market. The top ten competitors in the market made up to 3.20% of the total market in 2019. Major players in the market include Georgia-Pacific, Weyerhaeuser, Boise Cascade, West Fraser Timber Co Ltd and Universal Forest Products.
The top opportunities in the manufactured wood materials market segmented by type will arise in the reconstituted wood market segment, which will gain $29.1 billion of global annual sales by 2023. The top opportunities in the manufactured wood materials market segmented by application will arise in the residential segment, which will gain $24.1 billion of global annual sales by 2023. The manufactured wood materials market size will gain the most in the China at $19.3 billion.
Asia Pacific was the largest region in the global manufactured wood materials market, accounting for 49.9% of the total in 2019. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the manufactured wood materials market will be the Middle East, and Asia Pacific, where growth will be at CAGRs of 5.6% and 5.05% respectively during 2029-2023. These will be followed by Eastern Europe, and North America, where the markets are expected to grow at CAGRs of 5.0% and 4.5% respectively during 2029-2023.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Manufactured Wood Materials Market Size & Analysis (2016 - 2030)
- Market Share Analysis of Manufactured Wood Materials Market (%),2016 - 2030
- Manufactured Wood Materials Market Share, By Brand
- Manufactured Wood Materials Market Share, By Company
- Manufactured Wood Materials Market Assessment & Opportunity (Value),2016 - 2030
- Major Companies Manufactured Wood Materials Market Value Analysis & Forecast
- Promising Manufactured Wood Materials Development by Major Companies
- Detailed Manufactured Wood Materials Portfolio of the Major Companies
- Major Deals in the Manufactured Wood Materials Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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