Plywood Market: Upsurge In The Construction Industry Aiding The Market Growth

Plywood Market Overview

According to a research survey conducted by ChemView Consulting, in 2022, the Global Plywood Market was worth US$ 72,456.0 Mn and is expected to grow at a CAGR of 5.8% over the forecast period. The market is expected to hit US$ 1,27,330.1 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 5.0%, the market underwent significant growth.

The Plywood market is rapidly expanding due to the growing demand for Plywood to the rising construction activity, which will ensure the development of alternative materials used in construction activities. It is mainly used to build houses and office buildings as it is easy and cheap to install and has a smooth finish.

ChemView Consulting has analyzed that Plywood seeks significant demand from the Construction industry, positively influencing the market growth as the global economy has also begun recovering from the impact of a weak oil price on development. This is expected to impact consumption expenditure and the resulting rise in construction activities.

The main factors contributing to increased construction activity are increased credit availability, disposable income, and people’s increasing need for personal transportation. The factors mentioned above are likely to increase global demand for Plywood Market.

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Segments Covered in Report

By Size

  • 4′ x 8′ Plywood
  • 4′ x 6′ Plywood
  • 4′ x 10′ Plywood
  • 3′ x 6′ Plywood
  • Others

By Thickness

  • < 8mm Plywood
  • 8mm – 18mm Plywood
  • 18mm Plywood

By Grade

  • MR Grade Plywood
  • BWR Grade Plywood
  • Fire Resistant Grade Plywood
  • BWP Grade Plywood
  • Structural Grade Plywood

By Wood Type

  • Softwood
  • Hardwood

By Number of Ply

  • 3 Ply
  • 5 Ply
  • 7 ply and More

By Sales Channel

  • Direct Sales
  • Distributors/Retailers

By Application

  • Furniture
  • Flooring & Construction
  • Automotive Interiors
  • Packaging
  • Marine Use
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Plywood Market

  • Based on the Application, the Flooring & Construction segment accounts for the largest market share.
  • Based on the wood type, the Softwood segment will dominate at a significant CAGR from 2022 to 2032. Softwood plywood is a manufactured wood that can be found in many forms. It is used for various uses, including decking and other exterior applications. Softwood plywood is suitable for building and construction projects such as boats, decks, sheds, and garages.
  • Asia-Pacific is projected to dominate the Plywood market with a market share of 63.8% during the forecast period due to high consumption from the region’s stringent end-use industries.

Competition Summary

Key companies covered in the market study are Weyerhaeuser Company, Boise Cascade Company, Greenply Industries Limited, Georgia-Pacific, LLC, Uniply Industries Ltd, JAYA TIASA HOLDINGS BERHAD, UPM-Kymmene Oyj, SUBUR TIASA HOLDINGS BERHAD, Sveza-Les LLC

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Report Key Highlights

  • Detailed information on factors that will assist Global Plywood Market growth during the next ten years
  • Assessment of the historical and current Global Plywood Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

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