Increasing Demand from Building and Construction Industry to Drive Global Plywood Market

2024-11-07 08:35:24 News & Society

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A new market research report by Transparency Market Research, titled ?Plywood Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 ? 2019,? presents a detailed overview of the global market for plywood. Analyzing the plywood market for developmental trends of the past, the report also presents a forecast of the market?s state between 2013 and 2019. Presenting a complete study of the current trends in the plywood market, the report presents the strategies used by leading companies in the market to help interested readers get a competitive edge above the rest.

The plywood market has been driven by the need for plywood for building and construction. Plywood has several advantages over other building materials such as wood, metal, and plastic, propelling the market for the same. Plywood is also used to build decks on ships in the marine industry. The report from TMR says that one of the biggest opportunities for the plywood market in the future would be the structural panel market.

Plywood, made from thin sheets of wood veneer glued together, is one of the most widely used wooden products, due to its flexibility, reusability, and the fact that it is easy to work with. Plywood also offers other benefits over wood such as its resistance to cracking, shrinking, twisting, and splitting. Moreover, plain woods do not last as long as plywood does, thus boosting the market for plywood globally. According to the report, the higher cost of plywood in comparison to OSB could be the only factor that restrains the plywood market globally.

The basic three types of plywood available are: commercial MR grade plywood, waterproof BWR grade plywood, and marine plywood. Plywood is classified on the basis of application into softwood, hardwood, and decorative plywood, to name a few.

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Geographically, the report segments the plywood market into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to be the fastest growing market for plywood, while North America has been leading the market in the past, with a substantial demand from the housing sector. Europe followed North America due to high demand from housing and construction sector; European countries that contributed the most were the U.K. and Germany. According to the findings of the report, the Rest of the World market is expected to have a low demand for plywood in the forecast period, owing to the higher prices of plywood as compared to OSB, which has similar characteristics as plywood.

Some of the Key Plywood manufacturers studied in the report are: Boise Cascade LLC, Weyerhaeuser Company, Atlantic Plywood Corporation, Century Plyboard (India) Ltd., Eksons Corp. Bhd, Greenply Industries Ltd., Uniply Industries Ltd., Georgia-Pacific Corporation, and Ainsworth Lumber Co. Ltd., among others.

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