Plywood Market

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