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Plywood Market: Influential Factors Determining the Trajectory of the Market

01-19-2018 10:55 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Plywood Market: Influential Factors Determining

Plywood is a wood panel prepared from thin sheets of wood veneer. Plywood is one of the most widely used wood products. It is inexpensive, flexible, re-usable and workable. Plywood is used as a substitute for plain wood due to its resistance to cracking, splitting, shrinkage and twisting. Plywood generally offers higher degree of strength than plain wood. On the basis of applications plywood is classified as softwood plywood, hardwood plywood, tropical plywood and decorative plywood among others.

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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.

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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.

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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