Global Film Faced Plywood Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Film Faced Plywood Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Film-coated plywood is a special plywood coated with a wear-resistant and waterproof film on both sides, which is easy to clean and cut. The film is impregnated paper, which is different from melamine paper veneer, PVC, MDO (MDO plywood), and HDO (HDO plywood). The function of the film is to protect the internal wood from moisture, water, and bad weather, and to prolong the service life of the plywood. Due to its durability and easy-to-handle surface, it can be used in both architectural and open environments such as warehouses, railway wagons, floors, and truck sides. Film-covered plywood is also very popular in furniture manufacturing due to its ability to withstand hot conditions, and humidity and provide termite protection.

Market Overview:

The latest research study on the global Film Faced Plywood market finds that the global Film Faced Plywood market reached a value of USD 1926.22 million in 2022. It’s expected that the market will achieve USD 2300.38 million by 2028, exhibiting a CAGR of 3.0% during the forecast period.

The needs of the construction industry

An increase in residential and commercial construction activities is one of the major drivers driving the expansion of the Film Faced Plywood market. Demand for housing in the U.S. and China, which are recovering steadily from the pandemic, is beginning to swell as increased focus on infrastructure and real estate development in developed and developing countries has led to increased construction of new homes and office space. Take the United States as an example. In 2020, 30% of households cannot afford rent or mortgages, that is, more than 30% of monthly household income. This is an increase of 1.5% compared to 2019. More than one in seven households spends more than half their income on housing. Between March 2021 and March 2022, home prices rose 20.6% and rents rose 12%. A lack of residential construction has led to a persistent shortage of homes for sale, and the economic downturn and business shutdowns caused by the pandemic have exacerbated the undersupply. The U.S. now has a housing shortage of 3.8 million units, with the supply shortage most acute at low-income price points. The U.S. government is adopting a growing number of programs to provide down payment assistance for low-income homebuyers. The Housing Supply Action Plan announced by the Biden administration in May 2022 is expected to build and protect hundreds of thousands of affordable homes over the next three years. Total U.S. commercial and multifamily construction starts in the first half of 2022 are up 18% from the first half of 2021, to $139.5 billion, as demand for apartments grows, rising prices, shortages of critical materials and labor, and higher interest rates. The US construction industry is showing a rapid growth trend. Due to their greater stability and ability to resist moisture, Film Faced Plywood is ideal for making formwork in construction as they are used to hold wet concrete during drying. Phenolic film layers and acrylic edges make it inflexible in harsh weather and adverse conditions. Formwork boxes made with Film Faced Plywood help save material and reduce costs. The closed joints create a strong, fixed form that maximizes the retention of poured concrete without run-out and requires fewer nails than usual. And the smooth and flat surface allows painting directly after pouring concrete, and the premium Film Faced Plywood can be reused up to 12 times. Therefore, the increase in construction activities will strongly promote downstream demand growth for Film Faced Plywood.

The needs of the furniture industry

Growth in the interior design and furniture industry is driving the demand for the Film Faced Plywood market. Interior design and furniture are mostly used in the home, where plywood is commonly used as a better alternative to logs. According to the 2022 European Furniture Retail Report by the furniture industry research body Center for Industrial Studies (CSIL), the European furniture market is growing by 3% per year. The blockade experience brought about by the epidemic has increased the working time and living at home, and people need more modular furniture suitable for work. More attention is being paid not only to home office environments, but also to kitchens, bedrooms, the comfort part of living room furniture, and outdoor furniture, with consumers allocating a portion of their income previously spent on outdoor spending to furniture purchases. The growing popularity of eco-friendly furniture and lifestyle advancements are changing the furniture market's direction. To effectively utilize interior space and facilitate mobility, consumers increasingly demand compact furniture with storage functions. Rising disposable income drives people to pursue a better lifestyle, thus opting for stylish and quality furniture. Film Faced Plywood will not warp or be subjected to mechanical stress during manufacturing. It has a more wear-resistant surface and is lighter in weight than ordinary plywood, making it ideal for building high-quality furniture. Durability and recyclability enhance its environmental protection, high efficiency, energy saving, and emission reduction features. These properties also make it a popular choice for building children's toys. Furthermore, the rising number of multinational corporations and technology and business parks have led to an expansion of the market for office furniture. Interior designers are improving plywood designs to make them more aesthetically pleasing. For example, Timbur created the Stack series of laminated digitally manufactured furniture, two-dimensionally processing and stacking the entire Baltic birch plywood, then sanding and painting. Designed to minimize material waste, it offers a unique perspective on the conception and production of contemporary furniture. Hence, the expansion of the furniture industry will drive the growth of the Film Faced Plywood market.

More substitutes

Although plywood is one of the most common materials used in construction and carpentry, there are a variety of alternatives on the market. They are less harmful to the environment and fit smaller budgets. The first is solid wood, which means wood that has been cut and milled directly from the tree without any additional treatment. Natural wood comes in a wide variety and customers can choose from several different wood types to ensure a perfect match with the wood grain patterns, colors, etc. of the furniture. And its most obvious advantages are low product cost and convenient production. The most affordable alternative to plywood is undoubtedly particle board. Particleboard is made from condensed wood chips and is lighter in weight than plywood. Its smooth finish makes it an excellent flooring material. Not only is it made from recycled materials, but it doesn't contain any formaldehyde. Steel formwork is gaining popularity in the construction industry due to its long life and reusable form. Steel formwork is expensive, but it can be used for a large number of projects. It provides a very smooth finish to concrete surfaces. Suitable for circular or curved structures such as columns, chimneys, gutters, tunnels, retaining walls, etc. Likewise, plastic formwork is a lightweight, modular system that can be used more than 100 times. It can be used in simple concrete structures and is gaining popularity in larger housing projects. Therefore, for customers who need more economical needs and pay attention to environmental protection, there are many feasible alternatives in the market to choose from, which will cause a certain loss to the market share of Film Faced Plywood.

Region Overview:

In 2021, the share of the Film Faced Plywood market in Asia Pacific stood at 48.91%.

Company Overview:

Sveza Company, Xingang Group, Syktyvkar Plywood Mill were the top 3 players in the Film Faced Plywood market in 2022, taking up a market share of 11.63% together.

Segmentation Overview:

By type, Birch Film Faced Plywood segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Engineering and Construction segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Film Faced Plywood market covered in Chapter 3:

Fomex Group
Segezha Group
Plyterra Group
Syktyvkar Plywood Mill
Heibao Plywood
Technomar
VINAWOOD
Yige Wood
MaxPly
Xingang Group
Sinoply Wood
Metroply
Jinheng Wood
Samko Timber
Linyi Sensen Wood
United Panel Group
Sveza Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Film Faced Plywood market from 2018 to 2029 is primarily split into:

Birch Film Faced Plywood
Poplar Film Faced Plywood
Pine film faced plywood
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Film Faced Plywood market from 2018 to 2029 covers:

Engineering and Construction
Furniture Industry
Automotive and Transportation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)