Wood Based Panel Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026 Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
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• Wood Based Panel market size is forecast to reach US$224.8 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 woodbased panels for ceiling, cladding, roofing, flooring and furniture 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 FAO’s 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 While the economically mature markets of the U.S Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis The Particle wood segment held the largest share of 33%in 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. The American National Standard for Particleboard (ANSI A208.1) is the North American industry voluntary standard that classifies particle Board by physical, mechanical and dimensional characteristics as well as formaldehyde levels. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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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 Weyerhaeuser, Egger Sonae Industria Pfleiderer Kastamonu Entegre Weihua
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Wood Based Panel Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026 Learn More About the Report
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