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Global Plywood Market - Positive Long-Term Growth Outlook 2019
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The market for plywood was mainly driven by increasing demand from housing market. The demand has increased owing to growing significance of plywood in the buildings & construction industry and its advantages over conventional metal, wood, and plastic. In addition, plywood is also used in marine applications for building decks. Structural panel market is likely to be the major opportunity for the plywood market. The major restraint for the market would be higher cost of plywood as compared to OSB (Oriented Starboard) which offers similar features to that of plywood. .
In terms of demand, North America was the leading region for plywood market. The demand has been substantial from housing market. North America was followed by Europe, where the demand is huge from housing and construction market. The demand for plywood is mainly from the U.K. and Germany. Asia Pacific is expected to be the fastest growing market for plywood. The demand is this region is driven by Japan, India and China owing to construction activities in this region. The Rest of the World is expected to exhibit lower demand for plywood in upcoming years owing to higher prices compared to OSB.
Some of the key manufacturers in the plywood market are Ainsworth Lumber Co. Ltd., Boise Cascade LLC, Atlantic Plywood Corporation, Eksons Corp. Bhd, Century Plyboard (India) Ltd., Greenply Industries Ltd., Georgia-Pacific Corporation, Uniply Industries Ltd. and Weyerhaeuser Company among others.
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