Global Flooring Wood Panel Market Overview:
Flooring Wood panels are flat sheets made up of different varieties of food. These sheets or panels are then processed chemically to endure their life and quality. Expansion of the Construction Industry with rapid urbanization has led to more innovative products entering the market with different textures, colors, and physical properties. Though the harmful environmental impacts associated with wood panels such as emissions may hinder the growth of the industry. Stringent regulations on the wood panel may also be challenging to the Industry. This has led Wood Panel Manufacturers to innovate with new Eco-Friendly products. Geographically, Asia Pacific is expected to remain the biggest market because of the Large Population and rising construction activities. Some of the players profiled in the study are Georgia-Pacific Wood Products LLC (United States), Binderholz GmbH (Austria), Kronoplus Limited (United Kingdom), Greenpanel Industries (India), Dongwha Group (South Korea), West Fraser Timber Co. Ltd. (Canada), Kastamonu Entegre (Turkey), ARAUCO (Chile), Lin Shi Tong Wood Industry Co., Ltd. (China) and Weyerhaeuser Company (United States).
On the basis of geography, the market of Flooring Wood Panel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Residential will boost the Flooring Wood Panel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Flooring Wood Panel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rapid Urbanisation
- Large Scale Construction Activities
Influencing Trend
- Laminate Flooring is a Growing Segment under Flooring Wood Panels
Restraints
- Dust and Other Environmental Effects due to Wood Panels
- Rising Stringent Regulations on Wood Panels
Opportunities
- Eco-Friendly Segment will Boom in Demand in Upcoming Years
Challenges
- Intense Competition from Local and Global Players
- Adoption of Sustainable Manufacturing Practices
Key Market Developments:
In 2021, West Fraser Timber Co. Ltd., one of the market leaders in integrated wood products based in Canada has announced the acquisition of Norbord Inc., which has established its name as the world's largest producer of oriented strand board. The companies look to combine their synergies and expand further in eco-friendly sustainable products.
In 2021, Watermill Group LLC, a private investment firm based in the United States has announced the acquisition of Weston Forest, which is a leading softwood, & hardwood lumber Distributor and Speciality Wood Panel manufacturer. The acquisition will enable Weston Front to acquire financial resources to grow geographically as well as expand its product portfolio.
Target Audience:
Flooring Wood Panel Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Flooring Wood Panel market on the basis of product [High-Density Fibreboard, Medium Density Fibreboard, Oriented Strand Board, Medium Density Fibreboard, Particleboard, Plywood and Others] , application [Flooring, Wall Panel, Furniture and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Flooring Wood Panel market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Flooring Wood Panel industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are CanWel Building Materials Group Ltd. (Canada), Louisiana-Pacific Corporation (United States) and EGGER Group (Austria).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Flooring Wood Panel market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.