Global Wood Fibre Boards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Wood Fibre Boards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Wood Fibre Boards market finds that the global Wood Fibre Boards market reached a value of USD 30108.64 million in 2022. It’s expected that the market will achieve USD 42061.1 million by 2028, exhibiting a CAGR of 5.73% during the forecast period.

Assessment of the Overall Impact of COVID-19 on the Industry

The global outbreak of COVID-19 has had a certain impact on the wood fibre boards industry. Protecting the health of consumers and employees is a top priority for companies and governments. For manufacturers in the hardest-hit areas, closing factories, complete or partial closures may last a long time. At the same time, due to the blockade measures adopted by the country or region, the logistics speed has slowed down, which will affect the upstream and downstream supply time of the wood fibre boards industry, thereby extending the production cycle and delivery time. In addition, in order to curb the spread of the virus, all construction work and other activities have been shelved, which has a negative impact on the wood fibre boards market.

At the same time, some countries have imposed anti-dumping duties on certain fibre boards imported for use in furniture to assist domestic producers. Therefore, in the short term, it is expected that due to the economic slowdown caused by the COVID-19 outbreak, the slowdown in export activities will have a negative impact on the growth of the wood fibre boards market. In addition, COVID-19 has caused an economic recession, unemployment has started to rise, and consumer income has fallen. As a result, consumers will be more price-sensitive, and consumers' shopping habits will begin to change. This will also affect the demand market for wood fibre boards.

With the gradual control of COVID-19 and the development of vaccine research and development, the global economy has begun to gradually recover by region. The economic recovery will promote the recovery of the downstream market of wood fibre boards and the wood fibre boards industry.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview

Kronospan is one of the major players operating in the Wood Fibre Boards market, holding a share of 4.78% in 2021.

Kronospan manufactures and distributes wood-based panels. The Company offers products such as melamine-faced and lacquered panels, chemicals, worktops and window sills, wall and ceiling, paper, flooring, and betonyp building boards.

Sonae Arauco manufactures wood, fiber and melamine panels. The Company produces chipboard, flooring, furniture components, adhesives resins, and raw materials for the production of agglomerate panels.

Segmentation Overview:

Among different product types, 600-800 kg /m³ segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Household segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Wood Fibre Boards market covered in Chapter 3:

Swiss Krono Group
Roseburg
Kronospan
GUTEX
STEICO
Grigeo
Soprema Ireland
Schneider
Dare Power Dekor Home Co., Ltd
Sonae Arauco
Hunton
Nelson Pine
Duratex SA
Evergreen

In Chapter 4 and Chapter 14.2, on the basis of types, the Wood Fibre Boards market from 2018 to 2029 is primarily split into:

220-450 kg /m³
600-800 kg /m³
80-220 kg /m³
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wood Fibre Boards market from 2018 to 2029 covers:

Construction Industry
Car Interiors
Household
Other Applications
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)