United States Wood Based Panel Market Forecast 2024-2032
KEY FINDINGS
The United States wood based panel market is predicted to register a CAGR of 5.64% during the forecasted period. Some of the main drivers of the nation's market expansion are a surge in household and furniture renovation expenditure for wood based panels and optimistic growth patterns in both residential and commercial construction. While the base year considered for the studied market is 2023, the forecast years are between 2024 and 2032.
MARKET INSIGHTS
The construction industry, a major contributor to the United States economy, plays a significant role in the wood based panel market. With over 919,000 construction establishments and 8.0 million employees, it provides a substantial market for wood based panels, which are a critical component in building and structural applications. The United States construction sector's market size was valued at approximately 1.8 trillion United States dollars. While there may be expectations of fluctuations in the coming years, its substantial size continues to signify a significant market for wood based panels.
Increased production and consumption volumes of these panel products, along with hardwood plywood, are indicative of the market's expansion. Softwood lumber production and consumption also witnessed year-over-year increases, further contributing to the wood based panel market's growth. Additionally, the continued growth in wood pellet production and sales highlights the industry's resilience and potential for expansion. Therefore, such factors are anticipated to propel the expansion of the United States wood based panel market growth during the forecasted period.
COMPETITIVE INSIGHTS
Leading players operating in the market include Boise Cascade, Hampton Lumber Sales, Roseburg Forest Products Co, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Scope Of Study
- 2.5. Crisis Scenario Analysis
- 2.6. Major Market Findings
- 2.6.1. Growing Need For Building Materials With Fire Resistance And Minimal Maintenance
- 2.6.2. Accessibility Of Plentiful And Sustainable Sources Of Raw Materials
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Surge In Household And Furniture Renovation Expenditure For Wood Based Panels
- 3.1.2. Optimistic Growth Patterns In Both Residential And Commercial Construction
- 3.1.3. Adoption Of Eco-friendly Building Techniques
- 3.2. Key Restraints
- 3.2.1. Shortage Of Timber
- 3.2.2. Stringent Rules And Norms By The Government Regarding Deforestation
- 3.2.3. Formaldehyde Emission From Wood Based Panels
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.1.1. Growing Role Of Wood Based Panels In Modern Urban Development
- 4.1.2. Emerging Technological Advancements
- 4.2. Pestle Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Legal
- 4.2.6. Environmental
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Market Concentration Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw Materials
- 4.5.2. Manufacturing
- 4.5.3. Quality Control And Testing
- 4.5.4. Distributors
- 4.5.5. Sales
- 5. Market By Product Type
- 5.1. Medium Density Fiberboard (Mdf)/High Density Fiberboard (Hdf)
- 5.2. Particleboard
- 5.3. Oriented Strand Board (Osb)
- 5.4. Plywood
- 5.5. Other Product Types
- 6. Market By Application
- 6.1. Furniture
- 6.1.1. Residential Building
- 6.1.2. Commercial Building
- 6.2. Construction
- 6.2.1. Floor And Roof
- 6.2.2. Wall
- 6.2.3. Door
- 6.2.4. Other Constructions
- 6.3. Packaging
- 6.4. Other Applications
- 7. Competitive Landscape
- 7.1. Key Strategic Developments
- 7.1.1. Mergers & Acquisitions
- 7.1.2. Partnerships & Agreements
- 7.1.3. Business Expansions & Divestitures
- 7.2. Company Profiles
- 7.2.1. Georgia-pacific Llc
- 7.2.1.1. Company Overview
- 7.2.1.2. Products
- 7.2.1.3. Strengths & Challenges
- 7.2.2. Weyerhaeuser Company
- 7.2.2.1. Company Overview
- 7.2.2.2. Products
- 7.2.2.3. Strengths & Challenges
- 7.2.3. Louisiana-pacific Corporation
- 7.2.3.1. Company Overview
- 7.2.3.2. Products
- 7.2.3.3. Strengths & Challenges
- 7.2.4. Boise Cascade
- 7.2.4.1. Company Overview
- 7.2.4.2. Products
- 7.2.5. Hampton Lumber Sales
- 7.2.5.1. Company Overview
- 7.2.5.2. Products
- 7.2.5.3. Strengths & Challenges
- 7.2.6. Roseburg Forest Products Co
- 7.2.6.1. Company Overview
- 7.2.6.2. Products
- 7.2.6.3. Strengths & Challenges
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