Manufactured Wood Materials Market: Major Trends Reshaping the Future of the Industry

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What Will the Manufactured Wood Materials Industry Market Size Be by 2025?
The manufactured wood materials market has expanded strongly in recent years. Its size will grow from $297.53 billion in 2024 to $315.1 billion in 2025, at a CAGR of 5.9%. Growth has been fueled by expansion in emerging markets, rising residential construction, and low interest rates.

What's the Long-Term Growth Forecast for the Manufactured Wood Materials Market Size Through 2029?
Anticipated robust growth in the synthetic wood materials market size is predicted for the coming years. An expansion to $406.23 billion is predicted in 2029, with a compound annual growth rate (CAGR) of 6.6%. The expansion over the predicted timeframe is credited to the surge in e-commerce, the escalating demand for wooden furnishings, and the progression of urbanization. Key trends within this period are set to include the provision of personalized engineered wood products for the building sector, the deployment of automation and robotics methods, the application of tracking and tracing technology, and a concentrated effort on integrating innovative techniques for logging to boost wood yield and minimize residual damage.

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What Are the Key Growth Drivers Fueling the Manufactured Wood Materials Market Expansion?
The rise in construction demand is anticipated to boost the growth of the manufactured wood materials market. The term construction refers to the planning, design, construction, and assembly of physical buildings, facilities, or infrastructure. The use of manufactured wood materials can lead to advantageous economic, environmental, and societal outcomes by encouraging sustainability, innovation, and efficiency in the construction sector. For example, TST Europe AG, a non-governmental organization based in Switzerland, reported in June 2024 that total construction expenditure in the U.S. had risen to $1.98 trillion in 2023, marking a 7.4% increase from the preceding year. In 2023, the number of construction businesses in the U.S. was roughly 745,000. The surging construction demand is spurring the growth of the manufactured wood materials market.

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What Are the Key Trends Driving Manufactured Wood Materials Market Growth?
Companies that manufacture wood materials are progressively incorporating automation and robotics into their operations in order to improve productivity and decrease expenses. Robots are typically being utilized in areas where working conditions may be hazardous to human workers, and can supplement human labor to increase operational efficiency. Automation is being used to decrease the manufacturing time of reconstituted wood products, thereby enhancing process efficiency. A study conducted by the Manufacturers Alliance and the MN Precision Manufacturing Association shows that 38% of participants are currently using automation or robotics, and 32% are in the process of doing so. Leading companies supplying automation equipment include Timber Automation and CG Power and Industrial Solutions.

How Is the Manufactured Wood Materials Market Segmented?
The manufactured wood materials market covered in this report is segmented -

1) By Type: Reconstituted Wood, Plywood, Veneer Sheets
2) By Type of Wood Plant: Teak, Oak, Other Types of Wood Plants
3) By Application: Residential, Commercial

Subsegments:
1) By Reconstituted Wood: Particleboard, Medium-Density Fiberboard (MDF), Oriented Strand Board (OSB)
2) By Plywood: Softwood Plywood, Hardwood Plywood, Marine Plywood
3) By Veneer Sheets: Natural Veneer, Backed Veneer, Reconstituted Veneer

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Which Companies Are Leading the Charge in Manufactured Wood Materials Market Innovation?
Major companies operating in the manufactured wood materials market include Georgia-Pacific, Weyerhaeuser, Boise Cascade, West Fraser Timber Co Ltd, Universal Forest Products, UPM-Kymmene Corporation, Metsa Group, Potlatch Corporation, Austral Plywoods Pty Ltd, Eksons Corporation Bhd, Jilin Sen Workers' Forming Group Co., Ltd., Daya Shengxiang Home Co., Ltd., Xuzhou Mega Industries, Yalong Wood, Century Plyboards India Ltd, Greenply Industries Ltd, HOKUSAN, Caledonian Plywood Company Ltd, Hanson Plywood, Garnica Plywood Samazan, IMCA Panels, Templin OHG, Syktyvkar Plywood Mill LTD, Plyterra Group, Segezha Group, JAF Group, Au-Mex, Hancock Timber Resource Group, RSH Forest Products, Sierra Pacific, Berneck, Araupel, Linea Parana Madeiras Ltda, Imaribo, Middle East Wood, Mazi Orman Urunleri Ltd., Dastas Demircioglu Agac A.S., Daco Parquet Factory AS, Gabon Veneer, Merensky, Miro Forestry and Timber Products, United Forest Products, Afeefa Overseas Sarl Gabon, Okoume Face Veneer

Which Regions Are Leading the Global Manufactured Wood Materials Market in Revenue?
Asia-Pacific was the largest region in the manufactured wood materials market in 2024. North America was the second largest region in the manufactured wood materials market. The regions covered in the manufactured wood materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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