openPR Logo
Press release

Global Plywood Market Projected to Reach Valuation of US$ 156.9 Billion by 2033

Plywood Market

Plywood Market

The global plywood market was worth US$ 85.5 billion in 2023. Between 2023 and 2033, the market is projected to grow at a CAGR of 6.3%, when it is projected to reach a value of US$ 156.9 billion.

One of the major factors behind market growth is rapid urbanization. This has ultimately led to the growth of the construction sector because of the increase in infrastructural activities. Companies which are involved in infrastructural activities are making use of plywood because of its robust physical properties and its ability to absorb moisture. Apart from that, the plywood comes with the ability to provide seamless operation in areas which are prone to seismic activities and cyclonic winds.

Stay Ahead of the Curve - Request an Industry Overview Sample and Seize Growth Opportunities! https://www.futuremarketinsights.com/reports/sample/rep-gb-3463

Moreover, even the maritime sector is increasingly making use of plywood. The ability to control the growth of fungus, coupled with the ability to withstand the effects of water is expected to surge the adoption in marine industry.

Most importantly, a surging interior design and furniture industry represent a massive scope for the market. Both sectors are gradually replacing conventional woods by plywood owing to its versatility and generation of low waste. Furthermore, the furniture sector is awestruck by the ability of plywood to accommodate short-term overload. The interior design sector is mainly counting on the panel shear of plywood, which is almost double what is offered by conventional wood. Owing to this, plywood is used in portal frames.

Thus, from the insights provided by FMI researchers, it can be inferred that, "an increase in the rate of urbanization, coupled with the increase in the disposable income and a number of other factors are expected to surge the adoption of plywood during the forecast period."

Key Takeaways:

The plywood market is projected to grow at a CAGR of 6.3% during the period 2023-2033.
The market is valued at US$ 85.5 Bn as of 2023.
By 2033, the market is expected to hit a valuation of US$ 156.9 Bn.
Asia Pacific is expected to be the largest plywood market during the forecast period.
The USA market is expected to grow at a CAGR of 5.7%.
The UK market is anticipated to grow at a CAGR of 4.8%.
Germany market is projected to grow at a CAGR of 4.4%.
China market is expected to grow at a CAGR of 6.7%.
The Indian plywood market is expected to grow at a CAGR of 6.4%.
Based on the size, the 4'x8' segment is expected to have the largest market share, and is projected to advance at a CAGR of 6.8%.
Based on the thickness, the >18 mm segment is expected to have the highest market share, and is anticipated to grow at a CAGR of 6.2%.

Discover More - Read the Complete Report: https://www.futuremarketinsights.com/reports/plywood-market

Competitive Landscape

The key players operating in the market are focusing mainly on the automation aspect of the business. The idea is to streamline the process and employ the human resources in the key areas of the business. Apart from that, the key players are also investing in strategic partnerships in order to access the technologies developed by them.

In October 2022, Georgia Pacific and gener8ator welcomed their third cohort of start-up companies to 1915 studios. This would enable the success of early-stage start-ups that supply innovative sustainability solutions.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-3463

Plywood Market Segmentation

By Size:

4'x8'
4'x6'
4'x10'
3'x6'

By Thickness:

18mm

By Grade:

MR Grade
BWR Grade
Fire Resistant Grade
BWP Grade
Structural Grade

By Wood Type:

Softwood
Hardwood

Exploring Innovations in Chemicals & Materials: A Compilation of Related Research Reports

Construction Chemicals Market: https://www.futuremarketinsights.com/reports/construction-chemicals-market

Construction Textile Market: https://www.futuremarketinsights.com/reports/construction-textile-market

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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 Global Plywood Market Projected to Reach Valuation of US$ 156.9 Billion by 2033 here

News-ID: 3212925 • Views:

More Releases from Future Market Insights Inc

Protective Building Materials Market to Reach USD 53.9 Billion by 2035, Driven by Energy Efficiency and Infrastructure Boom
Protective Building Materials Market to Reach USD 53.9 Billion by 2035, Driven b …
The global Protective Building Materials Market will surge from an estimated USD 33.1 billion in 2025 to USD 53.9 billion by 2035, exhibiting a robust Compound Annual Growth Rate (CAGR) of 5.0%. This strong growth trajectory is fueled by increasing regulatory demands for building safety and energy efficiency, coupled with accelerating urbanization and massive infrastructure investments worldwide. The market analysis highlights a pivotal shift towards materials that offer superior durability, fire
Hydrophilic Coating Market Poised for 5.7% CAGR, Reaching USD 36.6 Billion by 2035, Driven by Critical Medical Device Demand
Hydrophilic Coating Market Poised for 5.7% CAGR, Reaching USD 36.6 Billion by 20 …
The global Hydrophilic Coating Market is set for robust expansion, with its valuation expected to climb from an estimated USD 21.0 billion in 2025 to a projected USD 36.6 billion by 2035, reflecting a CAGR of 5.7% over the forecast period. This significant growth trajectory is primarily powered by the essential role these advanced coatings play in enhancing patient safety and procedural efficiency across the rapidly advancing medical device sector. The
Fireproof Insulation Market to Reach USD 43.0 Billion by 2035, Driven by Stringent Safety Codes and Green Building Mandates
Fireproof Insulation Market to Reach USD 43.0 Billion by 2035, Driven by Stringe …
The global Fireproof Insulation Market is set for robust expansion, projected to grow from an estimated USD 30.5 billion in 2025 to USD 43.0 billion by 2035, exhibiting a Compound Annual Growth Rate (CAGR) of 3.5% over the forecast period. This significant growth trajectory is primarily fueled by increasing global emphasis on safety, energy efficiency, and compliance with increasingly stringent building and fire safety regulations. The competitive landscape, which includes major
Benzoic Acid Market Set for Robust Growth, Projected to Hit USD 2.0 Billion by 2035 | Future Market Insights, Inc.
Benzoic Acid Market Set for Robust Growth, Projected to Hit USD 2.0 Billion by 2 …
The global Benzoic Acid Market is poised for significant expansion, driven by its essential role as a chemical intermediate and a crucial preservative across multiple high-growth industries. A new market forecast projects the sector's valuation to increase from an estimated USD 1.2 billion in 2025 to USD 2.0 billion by 2035, registering a steady Compound Annual Growth Rate (CAGR) of 5.3% over the decade. The upward trajectory is primarily fueled by

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031. Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,