Global Wood Based Panel Market Analysis & Trends - Industry Forecast to 2030

Global Wood Based Panel Market Analysis & Trends - Industry Forecast to 2030


Wood Based Panel: Market Size

From $305,006.42 million in 2024, the global Wood Based Panel market is projected to reach $770,431.66 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 16.7% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include lightweight wood products and furniture and innovations in the surfacing technology to apply coating materials, the rise in demand for wood-based panels, and the potential of the wood-framed construction industry.

Global Wood Based Panel Market: Market Dynamics
Low product cost coupled with superior properties including strength & durability and increasing investments in residential & commercial construction activities are the major factors driving the market growth.

On the other hand, stringent government regulations are likely to obstruct the profit boundaries. In addition, increasing demand from the infrastructure sector will further boost the Wood Based Panel market.

Impact of COVID-19 on Wood Based Panel
COVID-19 has already turned the world upside down and changed its destiny. The world plunged towards the digital era as concepts like remote working and learning, e-commerce, and social distancing became common. People wanted to avoid the risk of getting this potentially dangerous virus. Governments around the world responded by instituting national lockdowns and quarantines. Many businesses were hit hard by this. The companies in the wood-based panels’ industry were no exception. They found it hard to procure raw materials and sell finished products because of disrupted supply chains. What made matters worse was the fact that certain nations passed anti-dumping laws. This dramatically raised the price of imported wood-based panels.

By Product

Plywood Segment Dominate the Market in 2024
The plywood segment made huge revenue in 2024 during the forecast period. Superior properties, such as high strength, durability, impact, chemical, fire, and moisture resistance offered by the product are expected to drive the wood-based panel market over the forecast period.

By Geography

North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period owing to higher demand among consumers in countries in the region. The presence of leading wood-based panel manufacturers in this region and increasing demand for end applications are expected to fuel the market growth over the forecast period.

List of the Key Players Profiled in the Market Include:
• An Cuong
• HeveaPac Sdn Bhd
• Kastamonu Entegre
• Klenk Holz GmbH
• Kronospan Limited
• Mieco Chipboard Berhad
• Norbord Inc
• Pfeifer Gruppe
• Robert Burkle GmbH
• SGS Industrial Services
• Sonae Industria SGPA S.A
• ARAUCO
• Starbank Panel Products Ltd
• Canfor
• Dare Panel Group Co Ltd
• Dongwha Malaysia Holdings Sdn Bhd
• EGGER Group
• Evergreen Fiberboard Berhad
• Georgia-Pacific
• Green River Holding Co Ltd

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others


1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Product Analysis
1.6 Application Analysis
1.7 Strategic Benchmarking
1.8 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Lightweight Wood Products and Furniture and Innovations in the Surfacing Technology to Apply Coating Materials
4.1.2 The Rise in Demand for Wood Based Panels
4.1.3 Potential of Wood Framed Construction Industry
4.1.4 Growth Opportunities/Investment Opportunities
4.2 Drivers
4.3 Constraints
4.4 Impact of COVID-19
5 Market Factor Analysis
5.1 Porters Five Forces
5.1.1 Bargaining power of suppliers
5.1.2 Bargaining power of buyers
5.1.3 Threat of substitutes
5.1.4 Threat of new entrants
5.1.5 Competitive rivalry
5.2 Value Chain Analysis/Supply Chain Analysis
6 Consumer behaviour analysis/Consumer Research
6.1 Consumer trends and preferences
6.2 Factors affecting buying decision
6.3 Consumer product adoption
6.4 Observation & Recommendations
7 Wood Based Panel Market, By Product
7.1 Insulation Board
DATA TABLE Insulation Board Market Forecast to 2030 (US$ MN)
7.2 Hardboard
DATA TABLE Hardboard Market Forecast to 2030 (US$ MN)
7.3 Oriented Strand Board (OSB)
DATA TABLE Oriented Strand Board (OSB) Market Forecast to 2030 (US$ MN)
7.4 Sheets Less Than 6 MM Thick
DATA TABLE Sheets Less Than 6 MM Thick Market Forecast to 2030 (US$ MN)
7.5 Particleboard
DATA TABLE Particleboard Market Forecast to 2030 (US$ MN)
7.6 Softboard
DATA TABLE Softboard Market Forecast to 2030 (US$ MN)
7.7 Veneer (Under 6MM Thick)
DATA TABLE Veneer (Under 6MM Thick) Market Forecast to 2030 (US$ MN)
7.8 Veneered Panels
DATA TABLE Veneered Panels Market Forecast to 2030 (US$ MN)
7.9 Waferboard
DATA TABLE Waferboard Market Forecast to 2030 (US$ MN)
7.10 Fiberboard
DATA TABLE Fiberboard Market Forecast to 2030 (US$ MN)
7.10.1 Medium Density Fiberboard (MDF)
DATA TABLE Medium Density Fiberboard (MDF) Market Forecast to 2030 (US$ MN)
7.10.2 High Density Fiberboard (HDF)
DATA TABLE High Density Fiberboard (HDF) Market Forecast to 2030 (US$ MN)
7.11 Plywood
DATA TABLE Plywood Market Forecast to 2030 (US$ MN)
7.11.1 Softwood Plywood
DATA TABLE Softwood Plywood Market Forecast to 2030 (US$ MN)
7.11.2 Decorative Hardwood Plywood
DATA TABLE Decorative Hardwood Plywood Market Forecast to 2030 (US$ MN)
7.12 Other Boards (Cellulose Fiberboard)
DATA TABLE Other Boards (Cellulose Fiberboard) Market Forecast to 2030 (US$ MN)
8 Wood Based Panel Market, By Distribution Channel
8.1 Offline Stores
DATA TABLE Offline Stores Market Forecast to 2030 (US$ MN)
8.2 Online Stores
DATA TABLE Online Stores Market Forecast to 2030 (US$ MN)
9 Wood Based Panel Market, By Application
9.1 Packaging
DATA TABLE Packaging Market Forecast to 2030 (US$ MN)
9.1.1 Industrial
DATA TABLE Industrial Market Forecast to 2030 (US$ MN)
9.1.2 Cosmetics
DATA TABLE Cosmetics Market Forecast to 2030 (US$ MN)
9.1.3 Food and Beverage
DATA TABLE Food and Beverage Market Forecast to 2030 (US$ MN)
9.1.4 Pharmaceutical
DATA TABLE Pharmaceutical Market Forecast to 2030 (US$ MN)
9.2 Furniture
DATA TABLE Furniture Market Forecast to 2030 (US$ MN)
9.2.1 Commercial
DATA TABLE Commercial Market Forecast to 2030 (US$ MN)
9.2.2 Residential
DATA TABLE Residential Market Forecast to 2030 (US$ MN)
9.2.3 Kitchen Furniture
DATA TABLE Kitchen Furniture Market Forecast to 2030 (US$ MN)
9.3 Construction/ Building Materials
DATA TABLE Construction/ Building Materials Market Forecast to 2030 (US$ MN)
9.3.1 Flooring, Roofing & Decking
DATA TABLE Flooring, Roofing & Decking Market Forecast to 2030 (US$ MN)
9.3.2 Column and Beam
DATA TABLE Column and Beam Market Forecast to 2030 (US$ MN)
9.3.3 Interior Decoration
DATA TABLE Interior Decoration Market Forecast to 2030 (US$ MN)
9.3.4 Wall
DATA TABLE Wall Market Forecast to 2030 (US$ MN)
9.3.5 Staircase
DATA TABLE Staircase Market Forecast to 2030 (US$ MN)
9.3.6 Windows & Doors
DATA TABLE Windows & Doors Market Forecast to 2030 (US$ MN)
9.3.7 Other Constructions (Siding)
DATA TABLE Other Constructions (Siding) Market Forecast to 2030 (US$ MN)
10 Wood Based Panel Market, By Geography
10.1 North America
DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
10.1.1 US
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
10.2.1 Germany
10.2.2 U.K
10.2.3 Italy
10.2.4 France
10.2.5 Spain
10.2.6 Rest of Europe
10.3 Asia Pacific
DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 New Zealand
10.3.6 Rest of Asia Pacific
10.4 Middle East
DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
10.4.1 Saudi Arabia
10.4.2 UAE
10.4.3 Rest of Middle East
10.5 Latin America
DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Rest of Latin America
10.6 Rest of the World (RoW)
DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
10.6.1 South Africa
10.6.2 Others
11 Key Player Activities
11.1 Acquisitions & Mergers
11.2 Agreements, Partnerships, Collaborations and Joint Ventures
11.3 Product Launch & Expansions
11.4 Other Activities
12 Leading Companies
12.1 An Cuong
12.2 HeveaPac Sdn Bhd
12.3 Kastamonu Entegre
12.4 Klenk Holz GmbH
12.5 Kronospan Limited
12.6 Mieco Chipboard Berhad
12.7 Norbord Inc
12.8 Pfeifer Gruppe
12.9 Robert Burkle GmbH
12.10 SGS Industrial Services
12.11 Sonae Industria SGPA S.A
12.12 ARAUCO
12.13 Starbank Panel Products Ltd
12.14 Canfor
12.15 Dare Panel Group Co Ltd
12.16 Dongwha Malaysia Holdings Sdn Bhd
12.17 EGGER Group
12.18 Evergreen Fiberboard Berhad
12.19 Georgia-Pacific
12.20 Green River Holding Co Ltd
List of Tables
Table 1 Global Wood Based Panel Market By Region, Market Forecast (2022-2030) (US $MN)
Table 2 Global Wood Based Panel Market By Product, Market Forecast (2022-2030) (US $MN)
Table 3 Global Wood Based Panel Market By Insulation Board, Market Forecast (2022-2030) (US $MN)
Table 4 Global Wood Based Panel Market By Hardboard, Market Forecast (2022-2030) (US $MN)
Table 5 Global Wood Based Panel Market By Oriented Strand Board (OSB), Market Forecast (2022-2030) (US $MN)
Table 6 Global Wood Based Panel Market By Sheets Less Than 6 MM Thick, Market Forecast (2022-2030) (US $MN)
Table 7 Global Wood Based Panel Market By Particleboard, Market Forecast (2022-2030) (US $MN)
Table 8 Global Wood Based Panel Market By Softboard, Market Forecast (2022-2030) (US $MN)
Table 9 Global Wood Based Panel Market By Veneer (Under 6MM Thick), Market Forecast (2022-2030) (US $MN)
Table 10 Global Wood Based Panel Market By Veneered Panels, Market Forecast (2022-2030) (US $MN)
Table 11 Global Wood Based Panel Market By Waferboard, Market Forecast (2022-2030) (US $MN)
Table 12 Global Wood Based Panel Market By Fiberboard, Market Forecast (2022-2030) (US $MN)
Table 13 Global Wood Based Panel Market By Medium Density Fiberboard (MDF), Market Forecast (2022-2030) (US $MN)
Table 14 Global Wood Based Panel Market By High Density Fiberboard (HDF), Market Forecast (2022-2030) (US $MN)
Table 15 Global Wood Based Panel Market By Plywood, Market Forecast (2022-2030) (US $MN)
Table 16 Global Wood Based Panel Market By Softwood Plywood, Market Forecast (2022-2030) (US $MN)
Table 17 Global Wood Based Panel Market By Decorative Hardwood Plywood, Market Forecast (2022-2030) (US $MN)
Table 18 Global Wood Based Panel Market By Other Boards (Cellulose Fiberboard), Market Forecast (2022-2030) (US $MN)
Table 19 Global Wood Based Panel Market By Distribution Channel, Market Forecast (2022-2030) (US $MN)
Table 20 Global Wood Based Panel Market By Offline Stores, Market Forecast (2022-2030) (US $MN)
Table 21 Global Wood Based Panel Market By Online Stores, Market Forecast (2022-2030) (US $MN)
Table 22 Global Wood Based Panel Market By Application, Market Forecast (2022-2030) (US $MN)
Table 23 Global Wood Based Panel Market By Packaging, Market Forecast (2022-2030) (US $MN)
Table 24 Global Wood Based Panel Market By Industrial, Market Forecast (2022-2030) (US $MN)
Table 25 Global Wood Based Panel Market By Cosmetics, Market Forecast (2022-2030) (US $MN)
Table 26 Global Wood Based Panel Market By Food and Beverage, Market Forecast (2022-2030) (US $MN)
Table 27 Global Wood Based Panel Market By Pharmaceutical, Market Forecast (2022-2030) (US $MN)
Table 28 Global Wood Based Panel Market By Furniture, Market Forecast (2022-2030) (US $MN)
Table 29 Global Wood Based Panel Market By Commercial, Market Forecast (2022-2030) (US $MN)
Table 30 Global Wood Based Panel Market By Residential, Market Forecast (2022-2030) (US $MN)
Table 31 Global Wood Based Panel Market By Kitchen Furniture, Market Forecast (2022-2030) (US $MN)
Table 32 Global Wood Based Panel Market By Construction/ Building Materials, Market Forecast (2022-2030) (US $MN)
Table 33 Global Wood Based Panel Market By Flooring, Roofing & Decking, Market Forecast (2022-2030) (US $MN)
Table 34 Global Wood Based Panel Market By Column and Beam, Market Forecast (2022-2030) (US $MN)
Table 35 Global Wood Based Panel Market By Interior Decoration, Market Forecast (2022-2030) (US $MN)
Table 36 Global Wood Based Panel Market By Wall, Market Forecast (2022-2030) (US $MN)
Table 37 Global Wood Based Panel Market By Staircase, Market Forecast (2022-2030) (US $MN)
Table 38 Global Wood Based Panel Market By Windows & Doors, Market Forecast (2022-2030) (US $MN)
Table 39 Global Wood Based Panel Market By Other Constructions (Siding), Market Forecast (2022-2030) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.

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