About Manufactured Board
Manufactured Board are basically wood products or wood boards manufactured using saw dust, wood flakes, wood strips, veneers and others. This all raw materials are bonded together to form different kind of manufactured boards such as plywood, lamin board, oriented stranded boards, and other similar products. This are essentially materials for building of houses, furniture, etc. Manufactured boards market is on rise owing to growth in construction activities and commercial forestation. Geographically, North America and Asia Pacific are the two prominent markets.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Georgia-Pacific LLC (United States), Boise Cascade (United States), Hill Wood Products Inc. (United States), Roseburg Forest Products (United States), Zenecar LLC (United States), Mid-Columbia Lumber (United States), Murphy Plywood (United States), Greenpanel Industries (India), West Fraser Timber Co. Ltd. (Canada) and Kronoplus Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Louisiana-Pacific Corporation (United States), CanWel Building Materials Group Ltd. (Canada) and Lin Shi Tong Wood Industry Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Manufactured Board market by Type (Plywood, Oriented Strand Board, Lamin Board, Batten Board and Others), Application (Residential Construction and Commercial Construction) and Region.
On the basis of geography, the market of Manufactured Board 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 Raw Material , the sub-segment i.e. Saw Dust will boost the Manufactured Board 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 Manufactured Board market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Plywood Accounts for Largest Market Share
Market Growth Drivers:
Increase in Construction Activities and Growth in Commercial Forestation
Challenges:
Environmental Effects Associated with the Cutting of the Trees
Restraints:
Presence of Large Number of Local and Global Players
Opportunities:
Developing Countries Present Huge Opportunity to Grow
Market Leaders and their expansionary development strategies
In 2021, Interfor Corporation, which is one of world’s biggest lumber producers has announced acquisition of four Sawmill sites previously owned by Georgia-Pacific Wood Products LLC and GP Wood Products LLC. The acquisition is made in USD 375 million. This deal is in move of Interfor’s strategy of expanding its presence in South of North America.
In 2021, West Fraser Timber Co. Ltd., one of the market leaders in integrated wood products based in Canada has announced acquisition of Norbord Inc., which has established its name as world's largest producer of oriented strand board. The companies look to combine their synergies and expand further in eco-friendly sustainable products.
Key Target Audience
Manufactured Board Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
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.