Title: Wood Based Panel Market - Forecast 2021 - 2026
1Wood Based Panel MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 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. Low product cost
coupled with superior properties including
strength and durability is the key factor driving
the demand for wood-based panels for ceiling,
cladding, roofing, flooring and furniture
applications. The market is witnessing an
increase in demand, due to the construction
industry's growth, where the product finds
extensive applications.
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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. - According to FAOs forest product statistics in
2018, global Wood Based Panel production reached
408 million m³, a 1 percent increase over the
previous year (404 million m³) and a 9 percent
increase over the observed period. Wood-based
panels is the product category that saw fast
growth in production, owing to the rapid and
consistent growth in the Asia-Pacific region
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By Distribution Channel- Segment Analysis 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 Outlook
- Kronospan
- Arauco
- Daiken New Zealand
- Duratex
- Georgia-Pacifi
- Masisa
- Swiss Krono Group,
- Norbord
- Louisiana-Pacific
- Weyerhaeuser
- Egger, Sonae Industria
- Pfleiderer
- Kastamonu Entegre
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Wood Based Panel Market
- Forecast 2021 - 2026 Learn More About the
Report _at_ https//www.industryarc.com/Research/W
ood-based-Panel-Market-Research-503072
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- Analyst Briefing
- Data Tables
- Key Contacts
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