Plywood is
a wood panel prepared from thin sheets of wood veneer. It is inexpensive,
flexible, re-usable and workable. Plywood is used as a substitute to the wood
boards due to its resistance to crackling, shrinkage and twisting. Moreover,
plywood uses adhesive to bind the veneers which make it water resistant. These
types of veneers are suitable for exterior use such as sheds and marine
construction. Rapid growth of furniture industry across the globe and rising
urbanization has fostered the growth of the plywood in the construction sector.
The plywood is used in the construction of marine decks making it suitable for
use by the structural panel market. Further, it has its uses in the
construction of light partition or external walls, furniture particularly in
cupboards, kitchen cabinets and light doors and shuttles. Likewise, plywood is
also used in the commercial constructions for temporary flooring, detached
garages and sheds. Moreover, the softwood plywood is used beyond construction
of homes and is used in wide range of activities including skateboard ramps and
work tables. The Go Green Strategy of plywood manufacturers are yet another
factor that has led to the higher demand for plywood market expansion all
across the globe. Moreover, the burgeoning middle class population especially
in Asian countries has led to increase in the growth
of plywood markets. It cannot be ignored that plywood costs are cheaper
than the wood boards which have further impelled the growth. These boards are
made from small fibers of woods and glued together to form a hard wood,
resulting in their low cost. As a result, they are used in the construction of
the office furniture.
Market Size and Forecast
The global plywood market is expected
to reach USD 110 million in revenue by the end of 2017. The plywood will
witness increased demand from the construction of houses and other varied
activities. Moreover, the economical price of the plywood will further drive
the market. North American region has been consistently dominating the market
globally, in terms of the market demand for plywood. This has been primarily
due to high plywood consumption by the construction sector. It will be followed
by North America and Europe occupying the second position in the market. Asia
Pacific is anticipated to showcase robust growth in the next few years.
Moreover, plywood
market in Asia Pacific will further increase due to the massive
growth in construction sector. Apart from this, the countries with rich forests
and woods such as India, Brazil and South Asian countries have the potential to
be the key suppliers of plywood in the near future. Further, the growing
indigenous demand for plywood in India as a result of rising disposable income
among the growing middle and affluent class and the growing infrastructure in
recent times is expected to make India an important consumer of plywood in the
near future.
Market Segmentation
Our
in-depth analysis segmented the global plywood market in the following
segments:
By type
·
Hardwood
·
Softwood
By
Application
·
Construction
·
Package
·
Furniture
·
Transport
·
Other
By Region
Global
Plywood Market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth
& Opportunity Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis
·
Middle
East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
The
growing demand for the plywood is driven by rising construction activities
(both for residential and commercial purposes) and growing preferences for
well-designed floors, home ceilings and walls. Robust population growth coupled
with rising disposable income as well as rising preferences for branded plywood
has expanded the plywood market at a global level. Besides this, rising
application of plywood for automotive flooring is further likely to escalate
the growth of the market all across the globe. Further, the plywood is
increasing being used in the marine industry, which might lead to increase in
the demand of plywood by structural design company. However, the plywood
industry is facing resistance from the plastic industry and increasing preference
for the other materials such as metals. The companies across the globe are
incorporating the green practices in their manufacturing process. However, the
cost associated with the plywood is relatively high as compared to the oriented
strand boards (OSB). Thus, this is anticipated to impact the growth of plywood
market as the customers will start shifting from the plywood to OSB boards.
Key players
·
Boise
Cascade Company
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Century
Ply board(India) Ltd.
·
Eksons
Corporation Bhd
·
Roseburg
Forest Products Co.
·
SVEZA
·
SDS
Lumber Company
·
Greenply
Industries
·
Jaya
Tiasa Holdings Berhad
·
Weyerhaeuser
Company
·
Uniply
Industries Ltd.
Scope and Context
Overview
of the Parent Market
Analyst
View
Segmentation
The Global
Plywood Market is segmented as follows:
·
By
Type Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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