Plywood Market: Overview
Economic development and rising spending on development of commercial buildings in developing countries is predicted to fuel the plywood market over the 2024- 2030 forecast period. Plywood is used in construction and flooring applications for enhanced mechanical strength, while considerably decreasing the overall weight of the structure. Plywood also offers improved insulation properties to finished product, and is largely weather and water proof.
Plywood Market: Competitive Landscape
The plywood market is highly fragmented and competitive with the presence of a large number of small and mid-size players. Product development and product innovation is the focus of well-entrenched players in the plywood market. However, low cost products offered by small players that are at par in quality offered by large players creates stiff competition in the plywood market.
Prominent players in the plywood market include Weyerhaeuser Company, Century Plyboards Ltd., Georgia Pacific LLC, JAYA TIASA HOLDINGS BERHAD, SUBUR TIASA HOLDINGS BERHAD, Boise Cascade Company, Greenplay Industries Limited, Uniply Industries Ltd., UPM-Kymmene Oyj, and Sveza-Les LLC among others.
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This research report analyzes plywood market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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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Plywood Market: Key Trends
Growing trend of ready-made and easy-to-install furniture are some key factors propelling the plywood market. Lightweight properties and durability of plywood suitable for urban lifestyle are further fuelling the plywood market.
Rising use of plywood that boosts plantation and cultivation of wood for timber is witnessing support of environmentalists for environmental goals. Environment preservation bodies support development of timberland, rubber plantations that serve economic and environmental purposes.
Plywood Market: Regional Outlook
From a regional perspective, Asia Pacific holds the leading share in the plywood market. Rapid infrastructural development along with more than 35% share in furniture production in China accounts for leading share of the region.
The Middle East & Africa is another key region in the plywood market. Vast spending by public and private companies for development of commercial complexes boosts the plywood market in the region.
