About Plywood
Plywood is an engineered wood sheet material made up of fine layers or flimsy strands of wood veneers attached together placing wood grains 90 degrees to one another. It is one type of manufactured board which can be described as a mixture of Medium Density Fiberboard (MDF) and Chip Board (Particle Board). It is a complex material and attaches resin and fiber sheets of wood. It is applicable for a wide range of structural, interior and exterior applications. Additionally, Plywood is a collection of wood veneers bonded together to create a flat sheet. Cross-graining also decreases the probabilities of the wood splitting when fixing at the edges and it makes the wood strong to warping, cracking and twisting. The plywood market is well-positioned for continued expansion, driven by a combination of robust demand, technological advancements, and a focus on sustainability. By capitalizing on these trends and addressing emerging challenges, plywood manufacturers and stakeholders can navigate the market successfully and contribute to a thriving construction and furniture industry.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
CAGR | 6.1% |
The Plywood market is highly fragmented and competitive with the presence of large number of small and mid-sized players. Product develops and product innovation is focus on well entranced player in the player market. However, the low-cost product offers by small player that are at per quality offered by large player create stiff competition in Plywood market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plywood market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Georgia-Pacific (United States), West Fraser Timber Co. Ltd. (Canada), UPM-Kymmene Oyj (Finland), EGGER Group GmbH (Austria), S.P.F.B. Holding S.p.A. (Italy), Nippon Paper Industries Co., Ltd. (Japan), Pan Pacific Plywood & Lumber Pte Ltd. (Singapore), Oriental Veneer Products Ltd.: (India), Eksons Corporation Bhd. (Malaysia) and Kronospan Holdings Ltd. (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Olde Wood Ltd. (United States), Greenply Industries Limited (India), Duratex S.A. (Brazil), Palmer-Donavin (United States) and Century Plyboards Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Plywood market by Type (Softwood, Hardwood, Tropical, Aircraft, Decorative, Flexible, Marine and Others), Application (Exterior, Interior, Roof, Sub-Floor and Wall) and Region.
On the basis of geography, the market of Plywood 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). North America region held largest market share in the year 2023. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Plywood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Construction & Buildings will boost the Plywood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Grade A will boost the Plywood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Plywood Type, the sub-segment i.e. 3-Plywood will boost the Plywood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand in Automotive Flooring
Market Growth Drivers:
Increasing Demand in Marine Industry and Higher Structural Strength as well as Flexibility than the Conventional Woods
Challenges:
Government Legislations against Deforestation
Restraints:
Comparatively Higher Cost of Plywood
Opportunities:
Advancements in technology of high-performance Plywood and Rising Recycling & Reuse offering
Market Leaders and their expansionary development strategies
In April 2023, Palmer-Donavin acquired Diamond Hill Plywood, a major wholesale distributor of building materials. This acquisition of Diamond Hill Plywood by Palmer-Donavin is a strategic move with significant potential to strengthen its position in the US building materials market. While challenges exist, the combined entity's strong product portfolio, expanded geographic reach, and experienced workforce lay a solid foundation for future success.
In May 2023, Olde Wood Ltd., announced the launch of their new plywood manufacturing company, Re-Core, which specializes in producing high-quality, American made plywood. The launch of Re-Core is a significant milestone for Olde Wood Ltd. and the plywood industry as a whole. The company's commitment to quality, sustainability, and innovation is sure to resonate with customers and position Re-Core as a leader in the market.
Key Target Audience
Plywood Manufacturers, Plywood Distributors and Traders, Plywood Upstream & Downstream Buyers, Environmental Industry Associations, Government Regulators and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.