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

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

Fire Retardant plywood is a three-layer or multi-layer plate-like material that is made by peeling wood pieces into veneer or sliced wood into thin wood. The veneer is flame-retardant treatment and then glued with adhesive to form a three-layer or multi-layer plate material, and fully considered Smoke density and toxic gas indicators for fire hazards.

Market Overview:

The latest research study on the global Fire Retardant Plywood market finds that the global Fire Retardant Plywood market reached a value of USD 1209.56 million in 2022. It’s expected that the market will achieve USD 2052.12 million by 2028, exhibiting a CAGR of 9.21% during the forecast period.

The raw materials of Fire Retardant Plywood are mainly two kinds, one is wooden raw material and the other is adhesive.

The increase in the price of wood has a great impact on the increase in the cost of the product, basically accounting for 40%-50% of the production cost. Affected by the global epidemic, this year's timber price increase has formed a relatively obvious trend. Some manufacturers have already sent information about price increases, and the upstream and downstream markets of the industry will be affected. Australia, due to the fires, has caused a huge reduction in logging. Due to the epidemic, many countries have reduced their logging work, and exports in some countries have also been greatly affected.

The price increase of adhesive products is directly related to the continuous increase in raw material costs. Raw materials account for up to 80% of the cost of adhesives, and changes in the price of raw materials have a huge impact on the price of adhesives. Adhesive raw material prices have soared, and raw material suppliers such as BASF, Covestro, and WACKER have continuously increased prices of raw materials for various reasons. The pressure is gradually transmitted to the downstream, and downstream products are also forced to follow up.

Production technology and product innovation

Fierce market competition forces companies to innovate continuously. The development of new environmentally friendly and safe production processes and facilities, and the development of technologies and equipment that effectively reduce energy consumption have become the direction and driving force for the innovative development of fire retardant plywood equipment manufacturing. The development of special functional fire retardant plywood products that meet different functional requirements has become an innovation point for some companies to occupy the market segment. Functional fire retardant plywood products will continue to emerge and the varieties will continue to be enriched. The development of production technology and technology for products with low or no aldehyde content will still be an opportunity for future development of flame retardant plywood enterprises.

Rising raw material costs

The raw material of fire retardant plywood is wood. In recent years, with the continuous development of the economy, the acceleration of urbanization, the gradual improvement of infrastructure, and the continuous improvement of residents' consumption ability, the wood products industry has developed rapidly. However, at the same time, forest fires, insects, and diseases are frequent, and the phenomenon of deforestation is serious. The strict control of timber exports by various countries has led to a shortage of timber in the market. The direct consequence of the shortage of wood is the rising cost.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (40.62% in 2021).

Company Overview:

Lonza is one of the major players operating in the Fire Retardant Plywood market, holding a share of 4.67% in 2022.

Lonza

The Wood Protection business is part of the larger Lonza group. Lonza has become the leading name in worldwide wood protection, with operations throughout Asia-Pacific, Africa, Europe, North and South America offering wood treating chemicals and related wood preservation technology. Lonza has flagship brands of industrial wood preservatives and fire retardants Wolman™, Tanalith™, and Dricon. They also produce water repellents, mold inhibitors, and sapstain control solutions.

Hoover Treated Wood Products, Inc

Hoover Treated Wood Products, Inc. manufactures treated wood products. The Company offers vlear, cop, dura, micro, and pyro guards, as well as plywall, and backing board wood products. Hoover Treated Wood Products operates in the United States.

Segmentation Overview:

By type, UCFA segment accounted for the largest share of market in 2021.

UCFA

Interior; Type A FRT plywood is designed for use in applications where the ambient relative humidity is 95% or less in a location where it is not exposed to weather or potential water sources.

UCFB

Exterior; Type B FRT plywood is designed for use in situations where the humidity remains below 75%. FRT plywood designed for exterior applications is also available where the humidity may exceed 95% or there are other circumstances where water because leaching of fire retardant chemicals out of the wood grains.

Application Overview:

The market's largest segment by application is the segment Buildings, with a market share of 50.35% in 2021.

Key Companies in the global Fire Retardant Plywood market covered in Chapter 3:

Metsä Wood
Capitol City Lumber
Lonza
Bayou City
Flameproof Companies
Hoover Treated Wood Products, Inc
Viance

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

UCFA
UCFB

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

Buildings
Boat and Automotive
Furniture Manufacturing

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)