Plywood Market
The research report on Plywood Market is segmented by Application by Product Type and by Region – Size, Share,Outlook, and Opportunity Analysis, 2018 – 2026
The research report on Plywood Market is segmented by Application by Product Type and by Region – Size, Share,Outlook, and Opportunity Analysis, 2018 – 2026
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<strong>Plywood</strong> <strong>Market</strong> – Size, Share,Outlook, and<br />
Opportunity Analysis, 2018 – 2026<br />
<strong>Plywood</strong> is manufactured from thin sheets or layers of wood veneer and bonded<br />
together with adhesives. <strong>Plywood</strong> is frequently used as a substitute for plain wood<br />
due to its excellent properties such as resistance to shrinking, twisting, and splitting.<br />
Softwood plywood is produced by gluing several layers of dry softwood veneers<br />
together with an adhesive. Softwood plywood is used for wall siding, roof decking,<br />
concrete formboards, sheathing, floors, and containers. Hardwood plywood is used<br />
for interior applications such as furniture, architectural millwork, paneling, cabinets,<br />
flooring, store fixtures, and doors.<br />
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<strong>Market</strong> Dynamics<br />
A major driver for growth of the global plywood market is growing construction<br />
industry. For instance, in 2015, global construction perspectives and oxford<br />
economics together stated that the global construction market is set to grow by US$<br />
8 trillion by 2030, reaching a total size of US$ 17.5 trillion and growing by an average<br />
annual rate of 3.9% by 2030<br />
However, higher cost of plywood as compared to Oriented Starboard (OSB) may<br />
hamper growth of the global plywood market, as OSB offers similar characteristics<br />
as plywood.<br />
<strong>Market</strong> Outlook<br />
According to the Coherent <strong>Market</strong> Insights’ analysis, Asia Pacific is expected to be<br />
the fastest growing plywood market during the forecast period, owing to growing<br />
housing and infrastructure sectors in the region. For instance, in India, Pradhan<br />
Mantri Awas Yojana (PMAY) or The ‘Housing for all by 2022’ launched in 2015, aims<br />
to provide affordable housing to all citizens by 2022, and as per government<br />
speculation this could entail construction of 20 million houses by 2022.<br />
China is the world’s largest producer of plywood, owing to the economical manual<br />
labor, simple tehchology, and local machine suppliers.
Key players in Global <strong>Plywood</strong> <strong>Market</strong><br />
Key players operating in the global plywood market include Atlantic <strong>Plywood</strong><br />
Corporation, Greenply Industries Ltd., Weyerhaeuser Company, Ainsworth Lumber<br />
Co. Ltd., Roseburg Forest Products Co., and Century Ply board (India) Ltd.<br />
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