openPR Logo
Press release

Global Wood Based Panels Market Is Projected to Reach US$ 284.0 Billion by 2032 with a 5.4% CAGR | Top Companies - Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holdi

02-14-2024 07:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Wood Based Panels Market

Wood Based Panels Market

IMARC Group's report titled "Wood Based Panels Market Report by Product Type (Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF), Oriented Strand Board (OSB), Particleboard, Softboard and Hardboard, Plywood, and Others), Distribution Channel (Direct Sales, Online Stores, Specialty Stores, and Others), Application (Furniture, Construction, Packaging, and Others), and Region 2024-2032", Offers a comprehensive analysis of the industry, which comprises insights on the market.

How big is the wood based panel market?

The global wood based panels market size reached US$ 175.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 284.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/wood-based-panels-market/requestsample

Factors Affecting the Growth of the Wood Based Panels Industry:

• Construction and Infrastructure Development:

The global construction industry's expansion is a major driver for the wood-based panels market. Wood-based panels, such as plywood, particleboard, and medium-density fibreboard (MDF), are widely used in residential and commercial construction due to their versatility, durability, and aesthetic appeal. As urbanization and economic growth spur construction activities worldwide, the demand for wood-based panels for flooring, roofing, and wall applications increases, supporting the growth of the market.

• Environmental Awareness and Sustainability Trends:

There is a growing emphasis on sustainability and the use of eco-friendly materials in construction and furniture manufacturing. Wood-based panels, being a renewable resource, are seen as a more sustainable alternative to concrete and steel for certain applications. The industry has responded with innovations in production processes to improve the environmental footprint of wood-based panels, including the use of recycled wood and low-emission adhesives. This shift towards sustainability not only meets consumer demand but also aligns with global environmental goals, further driving the market for wood-based panels.

• Advancements in Manufacturing Technology:

Technological advancements in the manufacturing of wood-based panels have improved their quality, performance, and range of applications. Innovations in adhesive technologies, pressing techniques, and surface treatments have led to the production of panels that are stronger, more durable, and more resistant to moisture and pests. These improvements enhance the appeal of wood-based panels for a wide range of applications, from construction to furniture and interior design, fueling market growth.

Leading Companies Operating in the Global Wood Based Panels Industry:

• Binderholz GmbH
• Dongwha Enterprise
• EGGER Group
• Evergreen Fibreboard Berhad
• Georgia-Pacific LLC (Koch Industries Inc.)
• Green River Holding Co. Ltd.
• Kastamonu Entegre
• Louisiana-Pacific Corporation
• Sonae Arauco
• Starbank Panel Products Ltd.
• West Fraser Timber Co. Ltd.
• Weyerhaeuser Company

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/wood-based-panels-market

Wood Based Panels Market Report Segmentation:

By Product Type:

• Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)
• Oriented Strand Board (OSB)
• Particleboard
• Softboard and Hardboard
• Plywood
• Others

Plywood is the most prevalent product type due to its versatility and strength, making it suitable for a wide range of construction and furniture applications.

By Distribution Channel:

• Direct Sales
• Online Stores
• Specialty Stores
• Others

The market has been divided into direct sales, online stores, specialty stores, and others, to cater to diverse purchasing preferences and enhance accessibility for various customer segments.

By Application:

• Furniture
• Construction
• Packaging
• Others

Furniture accounted for the largest market share due to the increasing demand for both residential and commercial furniture, driven by global urbanization and interior renovation projects.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific's dominance in the wood based panels market is attributed to the region's rapid urbanization, extensive construction activities, and the presence of key furniture manufacturing hubs.

Global Wood Based Panels Market Trends:

The growth of the furniture industry, particularly in emerging economies, provides a boost to the demand for wood-based panels as a key material for furniture production, which is a significant trend in the market. In line with this, the implementation of favorable international trade policies and regulations affecting wood imports and exports can influence market dynamics and pricing, which is also a major trend.

Apart from this, changes in consumer preferences and interior design trends play a significant role in shaping the demand for wood-based panels, influencing the types of panels and finishes that are popular in the market.

Browse Other Related Report:

High Performance Computing Market Size, Trends, Report and Demand Forecast 2023-2028 : https://industrytoday.co.uk/market-research-industry-today/high-performance-computing-market-size-trends-report-and-demand-forecast-2023-2028

Clinical Trial Management Systems Market Share, Report 2023-2028 : https://industrytoday.co.uk/health_and_safety/clinical-trial-management-systems-market-share-report-2023-2028

Reverse logistics Market Size, Report, Latest Trends 2023-2028 : https://www.linkedin.com/pulse/reverse-logistics-market-size-report-latest-trends-vik-chauhan-v8jjc/

Open Banking Market Size, Share, Analysis Report and Growth, Future Outlook 2023-2028 : https://www.linkedin.com/pulse/open-banking-market-size-share-analysis-report-growth-vik-chauhan-f2vqc/

Extended Warranty Market Report 2024-2032 : https://www.imarcgroup.com/extended-warranty-market

Solvent Market Report 2024-2032 : https://www.imarcgroup.com/solvent-market

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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 Wood Based Panels Market Is Projected to Reach US$ 284.0 Billion by 2032 with a 5.4% CAGR | Top Companies - Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holdi here

News-ID: 3383678 • Views:

More Releases from IMARC Group

Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw Materials and Investment Insights
Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw …
Automotive control cables are essential components used to transmit mechanical force in vehicles, enabling the smooth operation of various systems such as brakes, clutches, accelerators, gear shifts, and seating mechanisms. These cables are designed for durability, flexibility, and high performance under diverse driving conditions. Their demand is directly linked to the growth of the automotive industry, aftermarket sales, and increasing consumer preference for enhanced driving comfort and safety. Setting up an
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025-2033
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025- …
IMARC Group, a leading market research company, has recently released a report titled "Halal Cosmetics Market Size, Share, Trends and Forecast by Type, Distribution Channel, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the global halal cosmetics market size, trends, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Halal Cosmetics Market Highlights: • Halal Cosmetics Market
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Economics and Profitability Outlook
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Econ …
Castor oil is a versatile vegetable oil extracted from the seeds of the Ricinus communis plant. It is widely used in pharmaceuticals, cosmetics, food processing, lubricants, paints, coatings, and biodiesel production owing to its unique chemical properties, including high ricinoleic acid content. Castor oil derivatives also serve as key raw materials in the polymer, chemical, and industrial sectors. Establishing a castor oil processing plant involves steps such as seed cleaning, dehulling,
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and Market Opportunities
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and M …
Honey is a natural sweetener produced by honeybees and is valued for its nutritional, medicinal, and industrial applications. It contains antioxidants, enzymes, vitamins, and minerals that make it a popular ingredient in food and beverages, pharmaceuticals, cosmetics, and personal care products. Processed honey is widely consumed as a sweetener, used in bakery and confectionery items, beverages, dietary supplements, and skincare formulations. Setting up a honey processing plant involves operations such as

All 5 Releases


More Releases for Wood

Key Influencer in the Wood Preservatives Market 2025: Rising Global Wood Demand …
"What market dynamics are playing a key role in accelerating the growth of the wood preservatives market? The market growth of wood preservatives is expected to be fueled by the rising demand for wood in multiple applications over the forecast period. With the global population and industrialization on the rise, the need for wood products is progressively growing. Wood, being a substantial source of energy, housing, firewood, timber, and fodder, has
Thermally Modified Wood Market Analysis By Top Key Players - Kebony, Stora Enso, …
The "Thermally Modified Wood Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Thermally Modified Wood Market, 2024-2031 Verified Market Research's most recent report, "Thermally Modified Wood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030,"
Palmetto Wood Shop: Personalized Wood Gifts for Every Occasion
Palmetto Wood Shop, a family-owned business renowned for its passion for woodworking, specializes in crafting high-quality, engraved gifts for every occasion. Since 2014, Palmetto Wood Shop's mission has been to provide customers across the U.S. and the world with personalized products that reflect the artistry and care that goes into each piece. Palmetto Wood Shop's collection includes a wide array of products ranging from engraved pocketknives and hammers to personalized cutting
Thermally Modified Wood Market 2023 Key Players - Stora Enso, Kebony, Thermory, …
Global Thermally Modified Wood Market 2023 introduced by a leading market research firm Fior Markets comes out as a highly reliable source of information and data on the global market. The report is a versatile and future-ready analytical survey that contains trend assessment, an in-depth assessment of market valuation, and revenue-generating trends. The report covers sharp insights into the present and forthcoming trends & developments in the global Thermally Modified
Pressure-treated Wood Market | Navigating New Horizons: Analyzing Innovative Bus …
In the past few years, the Pressure-treated Wood market experienced a huge change under the influence of COVID-19 and Russia-Ukraine War, the global market size of Pressure-treated Wood reached the predicted milestone in 2022 with the rising CAGR from 2017-2022. Facing the complicated international situation, the future of the Pressure-treated Wood market is full of uncertain. Report predicts that the global Pressure-treated Wood market size will expected to achieve a
Global Wood Processing Market | Global Wood Processing Industry: Ken Research
The wood processing market involves of sales of processed wood by several entities (organizations, sole traders and partnerships) that saw measurement lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from the logs or bolts. This industry also embraces establishments that treat planed, sawed and shaped wood with creosote or other preservers such as alkaline copper quat, copper azole, and sodium borates, to safeguard decay and to