Title: Wood Based Panel Market Size Forecast to Reach $224.8 Billion by 2026
1Wood Based Panel Market - Forecast 2021 - 2026
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- Wood Based Panel market size is forecast to
reach US224.8 billion by 2026, after growing at
a CAGR of 6.5 during 2021-2026. - The Wood Based Panel products are flat, sometimes
curved, sheets made from wood-based materials
that are bonded together with synthetic adhesives
such as urea-formaldehyde adhesives, and
phenol-formaldehyde resins.
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- Key Takeaways
- Asia Pacific dominates the Wood Based Panel
market, owing to the growing uses of wooden
panels in construction activities, furniture, in
countries such as China, India, and Japan. - Technological advancements and innovation, along
with the increasing efficiency in repair,
manufacturing, and renovation activities, will
further energize the growth of the market.
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By Distribution Channel- Segment Analysis The
Particle wood segment held the largest share of
33in the Wood Based Panel market in
2020. Particle Board is a composite panel product
consisting of cellulosic particles of various
sizes that are bonded together with synthetic
adhesives under heat and pressure. Particle Board
has excellent machining characteristics, which is
important when post-forming high pressure
laminate countertops. Particle Board is used
extensively in residential kitchens, playing a
role in cabinets, shelving, countertops and floor
underlayment.
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- Wood Based Panel Market Industry Outlook
- Kronospan, Arauco
- Daiken New Zealand
- Duratex
- Georgia-Pacific
- Masisa
- Swiss Krono Group
- Norbord
- Louisiana-Pacific
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Wood Based Panel Market - Forecast 2021 -
2026 Learn More About the Report _at_
https//www.industryarc.com/Research/Wood-based-Pa
nel-Market-Research-503072
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
Inquiry Before Buying
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