The research study conducted by Report Ocean on the “ Plywood Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Plywood Market is valued at approximately USD 75.98 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.1 % over the forecast period 2022-2029. Plywood is a sheet that is made from thin layers of wood, which is highly used in multi-purpose engineered wood-based panel products. The growth of the market is driven by factors such as the increasing construction of restaurants and hotels & resorts, rising disposable income, coupled with growing industrial construction activities.
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The flourishing growth of the construction industry is propelling the demand for plywood, which is augmenting the growth of the market. According to a Statista analysis, investment in the construction (including infrastructure for commercial and residential buildings) business is increasing annually; in 2017, global construction spending was recorded for USD 10.9 trillion, and by 2030 it is predicted to reach USD 12.5 trillion. Accordingly, the rising demand for furniture during construction and renovation activities is directly associated with the growth of the market. Moreover, the increasing availability of products on various e-commerce platforms, as well as the rising number of initiatives by the key market players are presenting various lucrative opportunities over the forecasting years. However, the shortage of raw materials is challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Plywood Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing expenditure on renovation & remodeling, along with the geographic expansion of key players. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as the growth of the construction sectors, availability of cheap resources, as well as increasing investment in infrastructural development in the market space.
Major market players included in this report are:
South Coast Lumber Co. & Affiliates
Weyerhaeuser Company
Boise Cascade Company
Greenply Industries Limited
Georgia-Pacific, LLC
Uniply Industries Ltd
JAYA TIASA HOLDINGS BERHAD
UPM-Kymmene Oyj
SUBUR TIASA HOLDINGS BERHAD
Sveza-Les LLC
Recent Developments in the Market:
In December 2021, the UPM announced a total investment of EUR 10 million with the objective of developing the UPM Plywood mill in Joensuu.
In March 2021, Green ply industries limited declared that the company that it has invested nearly 75 crores in order to set the plywood products in the sandiala industries in the Hardoi
Global Plywood Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Thickness, Grade, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Thickness:
< 8mm Plywood
8mm – 18mm Plywood
> 18mm Plywood
By Grade:
MR Grade Plywood
BWR Grade Plywood
Fire Resistant Grade Plywood
BWP Grade Plywood
Structural Grade Plywood
By Application:
Structural
Non-Structural
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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