Plywood Market

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ywood is a type of wood product, an engineered wood. It is a panel made of wood, manufactured from thin sheets of wood veneer that are stuck together. Due to its improved qualities, such as resistance to shrinkage, splitting, cracking and twisting, it finds application as a substitute for wood. Plywood also displays high strength as compared to plain wood and it is flexible, workable, reusable and inexpensive.

Plywood Market Is Expected To Generate Huge Profits by

2017-2027

May 2017

Report Id : REP-GB-3463

Status : Ongoing

Category : Chemicals and Materials

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Plywood Market

Plywood is a type of wood product, an engineered wood. It is a panel made of wood, manufactured from

thin sheets of wood veneer that are stuck together. Due to its improved qualities, such as resistance to

shrinkage, splitting, cracking and twisting, it finds application as a substitute for wood. Plywood also

displays high strength as compared to plain wood and it is flexible, workable, reusable and inexpensive.

Rising construction activity worldwide, increase in the number of homes and the rising application of

plywood in the interior designing of home floorings, walls, and ceilings, especially in high-cost residential

spaces, along with a growing furniture industry are expected to drive the global plywood market for the

next few years.

The advantages of using plywood as a low-cost yet durable substitute for raw wood, along with its

growing demand make it imperative to study the global plywood market.

Market Segmentation

The global plywood market can be segmented in several ways, two of the prominent ones being on the

basis of product type and application type.

On the basis of product type, the global plywood market is segmented as follows:

• Commercial ply

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Plywood Market

• Semi-waterproof ply

• Waterproof ply

On the basis of application type, the global plywood market is segmented as follows:

• Softwood plywood

• Hardwood plywood

• Tropical plywood

• Decorative plywood

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Key Trends, Drivers

In recent times, manufacturers of commercial vehicles require increasing quantities of chequered

plywood for applications in automotive flooring. This is expected to propel global plywood market growth

in the near future.

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Plywood Market

Plywood also finds applications in the marine industry for the construction of decks. The structural panel

industry has also been a major consumer of plywood, thereby driving the market.

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However, the cost associated with plywood is relatively high as compared to oriented strand board (OSB),

which provides similar features to that of plywood. Thus, growth rate of the plywood market could be

hampered as a result of a shift of usage from plywood to oriented strand board (OSB).

It should be noted that the North American region has been consistently dominant globally, in terms of

the market demand for plywood. This has been primarily due to high plywood consumption by the

construction sector. In terms of plywood demand, North America is followed by the European region,

which is mainly driven by the high demand from Germany and the U.K. However, the region displaying a

relatively high market growth is Asia Pacific, as China, India and Japan have been witnessing massive

construction, thereby driving the demand for plywood applications to a considerable extent.

It could be observed that countries with rich forest resources and wood plantations, such as India, Brazil

and South-East Asian countries have a potential to be key suppliers of plywood in the near future, as they

could look at possible vertical integration to produce plywood after making relevant infrastructural

investments for the same, thereby driving the supply side of the plywood market

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Plywood Market

For instance, the rich and varied forest wealth of India with a variety of deciduous, coniferous, tropical

and evergreen trees could be an important resource for the wood panel industry in the future. Also, the

growing indigenous demand for plywood in India as a result of rising disposable income among the

growing middle and affluent class and the growing infrastructure in recent times is expected to make

India an important consumer of plywood in the near future.

However, it should be noted that the plywood demand growth has been facing resistance from the

packaging industry, which has been finding preferences of other materials, such as metals, plastics and

cardboards.

Market Participants

Examples of some of the market participants in the global plywood market are as follows:

• Ainsworth Lumber Co. Ltd.

• Boise Cascade LLC

• Atlantic Plywood Corporation

• Eksons Corp. Bhd

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Plywood Market

• Century Plyboard (India) Ltd.

• Greenply Industries Ltd.

• Georgia-Pacific Corporation

• Uniply Industries Ltd.

• Weyerhaeuser Company

• Jaya Tiasa Holdings Berhad

• Roseburg Forest Products Co.

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