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The global plywood market size attained a value of approximately USD 49.78 billion in 2023. The market is further expected to grow at a CAGR of 5% in the forecast period of 2024-2032, reaching a value of around USD 77.18 billion by 2032.
Plywood is an engineered wood product made of thin layers of wood known as veneer that are bonded together to create a thicker and flat sheet. Each layer of wood, or ply, is usually oriented with its grain running at right angles to the adjacent layer. This cross-graining technique significantly reduces the tendency of wood to split when nailed at the edges; it reduces expansion and shrinkage, providing improved dimensional stability; and it makes the strength of the plywood uniform across all directions.
It has a longer lifespan, is lightweight, convenient, cost-effective, and easy to use. Depending upon the type of wood used, the plywood produced can vary in appearance and characteristics. Plywood is versatile and can be used for a wide range of structural, interior, and exterior applications. Its cross-grained structure distributes loads and stresses more evenly across the board, making it a strong and reliable material. It is commonly used in the construction sector for flooring, roofing, and wall sheathing, as well as in furniture making and cabinetry.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Plywood Market Analysis
8.1 Key Industry Highlights
8.2 Global Plywood Historical Market (2018-2023)
8.3 Global Plywood Market Forecast (2024-2032)
8.4 Global Plywood Market by Sector
8.4.1 New Construction
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Replacement
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Plywood Market by End Use
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Plywood Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Plywood Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Plywood Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Plywood Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Plywood Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Plywood Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 4412)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Project Details and Cost Analysis
19.1 Land, Location and Site Development
19.2 Construction
19.3 Plant Layout
19.4 Plant Machinery
19.5 Raw Material Requirement
19.6 Packaging
19.7 Transportation
19.8 Utilities
19.9 Manpower
19.10 Other Capital Investment
20 Loans and Financial Assistance
21 Project Economics
21.1 Capital Cost of Project
21.2 Techno-Economic Parameters
21.3 Product Pricing and Margins
21.4 Taxation and Depreciation
21.5 Income Projections
21.6 Expenditure Projections
21.7 Financial Analysis
22 Competitive Landscape
22.1 Market Structure
22.2 Company Profiles
22.2.1 Georgia-Pacific LLC
22.2.1.1 Company Overview
22.2.1.2 Product Portfolio
22.2.1.3 Demographic Reach and Achievements
22.2.1.4 Financial Summary
22.2.1.5 Certifications
22.2.2 PotlatchDeltic Corporation
22.2.2.1 Company Overview
22.2.2.2 Product Portfolio
22.2.2.3 Demographic Reach and Achievements
22.2.2.4 Financial Summary
22.2.2.5 Certifications
22.2.3 Weyerhaeuser Company
22.2.3.1 Company Overview
22.2.3.2 Product Portfolio
22.2.3.3 Demographic Reach and Achievements
22.2.3.4 Financial Summary
22.2.3.5 Certifications
22.2.4 Boise Cascade
22.2.4.1 Company Overview
22.2.4.2 Product Portfolio
22.2.4.3 Demographic Reach and Achievements
22.2.4.4 Financial Summary
22.2.4.5 Certifications
22.2.5 UPM-Kymmene Corporation
22.2.5.1 Company Overview
22.2.5.2 Product Portfolio
22.2.5.3 Demographic Reach and Achievements
22.2.5.4 Financial Summary
22.2.5.5 Certifications
22.2.6 Sveza
22.2.6.1 Company Overview
22.2.6.2 Product Portfolio
22.2.6.3 Demographic Reach and Achievements
22.2.6.4 Financial Summary
22.2.6.5 Certifications
22.2.7 Others
23 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Plywood Market: Key Industry Highlights, 2018 and 2032
2. Global Plywood Historical Market: Breakup by Sector (USD Billion), 2018-2023
3. Global Plywood Market Forecast: Breakup by Sector (USD Billion), 2024-2032
4. Global Plywood Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Plywood Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Plywood Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Plywood Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Plywood Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Plywood Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Plywood Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Plywood Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Plywood Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Plywood Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Plywood Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Plywood Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Plywood Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Plywood Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Importing Countries by Volume (2020)
19. Major Exporting Countries by Volume (2020)
20. Major Importing Countries by Value Million USD (2020)
21. Major Exporting Countries by Value Million USD (2020)
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Plywood Market Structure
In 2023, the global market for plywood attained a value of around USD 49.78 billion.
The market is assessed to grow at a CAGR of 5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 77.18 billion by 2032.
The major drivers of the market include the rising disposable incomes, increasing population, and the growing furniture industry.
The eco-friendly strategies of the manufacturers and increasing construction activities are expected to be key trends guiding the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The new construction and replacement are the sectors in the market.
Based on end use, the market is divided into residential and commercial.
The leading players in the global plywood market are Georgia-Pacific LLC, PotlatchDeltic Corporation, Weyerhaeuser Company, Boise Cascade, UPM-Kymmene Corporation, and Sveza, among others.
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