The first five-year cumulative revenue (2017-2021) is projected to be US$ 3,29,956.7 Mn, which is expected to increase rather moderately over the latter part of the five-year forecast period. According to report, the wood based panel market is projected to reach a value of US$ 1,06,929.0 Mn in 2026 at a CAGR of over 7.0% over the forecast period.
Global Wood Based Panel Market: Segmental Snapshot
By type: The hardwood, softwood and plywood segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register a CAGR of over 7.5% between 2017 and 2026 as they are cost effective and has a wide end use application.
By end use: The furniture segment is projected to account for highest revenue share as compared to that of other application segment, and register a CAGR of over 7.1% over the forecast period.
By region: The market in North America accounted for highest revenue share in the global wood based panel market in 2016, and is expected to register a CAGR of 7.0% between 2017 and 2026 owing to the presence of prominent wood based panel manufacturers in the region.
Global Wood Based Panel Market: Competitive Analysis
The research report on the global wood based panel market includes profiles of some of major companies such as Norbord Inc., Kronospan Limited, West Fraser Timber Co. Ltd., Timber Products Company, Weyerhaeuser Company, Georgia-Pacific LLC, Bucina DDD, spol. s r.o. (Ltd.), Sonae Indústria, Freres Lumber Co., Inc., Dongwha Enterprise Co., Ltd., Kastamonu Entegre, Hampton Affiliates, Duratex, and Louisiana-Pacific Corporation.
Source of Infographics: Wood Based Panel Market Infographics by MarketResearch