Plywood market forecast 2023-2032 - Major Trends, Size, Share, Growth and Analysis | UPM-Kymmene Oyj, Inc, Boise Cascade Company, Metsä Group, West Fraser Timber Co. Ltd, Weyerhaeuser Company

As per The Business Research Company's Plywood Opportunities And Strategies Market Report 2023, The global plywood market size reached a value of nearly $94,400.4 million in 2021, having increased at a compound annual growth rate (CAGR) of 1.1% since 2016. The market is expected to grow from $94,400.4 million in 2021 to $99,959.5 million in 2026 at a rate of 1.2%. The global plywood market size is then expected to grow at a CAGR of 1.0% from 2026 and reach $104,926.7 million in 2031.  

Increasing renovation activities by governments in emerging economies, such as India and Brazil, are increasing the demand for precast concrete, further aiding market growth.
Moreover, renovations in the hospitality industry are also driving market growth. Additionally driving the market expansion is an increase in public and private investments brought on by growing industrialization. The renovations in residential and non-residential areas will increase the operations of the market.

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Manufacturers operating in the plywood market are focusing on developing new technological solutions to increase their market share. Zero emission plywood refers to the type of plywood that comes with an anti-bacterial coating to ensure the health and safety of every home.

The top growth potential in the plywood market by type will arise in the softwood market, which will gain $4,313.5 millions of global annual sales by 2026. The top growth potential in the plywood market by application will arise in the building and construction market, which will gain $2,042.7 millions of global annual sales by 2026. The top growth potential in the plywood market by end-user will arise in residential market, which will gain $3,445.1 millions of global annual sales by 2026. The plywood market size will gain the most in the China at $2,307.3 million.

Plywood Market Segmentation:
The Plywood market is segmented by type, by application, and by end-user.

By Type -
The plywood market is segmented by type into
a) Softwood
b) Hardwood

By Application-
The plywood market is segmented by application into
a) Furniture
b) Building And Construction
c) Transportation
d) Packaging
e) Other Applications
By End-User -
The plywood market is segmented by end-user into
a) Residential
b) Commercial

Major players in the Plywood market include UPM-Kymmene Oyj, Inc, Boise Cascade Company, Metsä Group, West Fraser Timber Co. Ltd, Weyerhaeuser Company

The regions covered in the global Plywood market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Plywood Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Plywood Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Plywood Market, Conclusions And Recommendations
22. Appendix

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