Title: Wood Based Panel Market
1Wood Based Panel Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- Wood Based Panel market size is forecast to
reach US224.8 billion by 2026, after growing at
a CAGR of 6.5 during 2021-2026. The Wood Based
Panel products are flat, sometimes curved, sheets
made from wood-based materials that are bonded
together with synthetic adhesives such as
urea-formaldehyde adhesives, and
phenol-formaldehyde resins. - Low product cost coupled with superior properties
including strength and durability is the key
factor driving the demand for wood-based panels
for ceiling, cladding, roofing, flooring and
furniture applications.
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- Key Takeaways
- Asia Pacific dominates the Wood Based Panel
market, owing to the growing uses of wooden
panels in construction activities, furniture, in
countries such as China, India, and Japan. - According to FAOs forest product statistics in
2018, global Wood Based Panel production reached
408 million m³, a 1 percent increase over the
previous year (404 million m³) and a 9 percent
increase over the observed period. Wood-based
panels is the product category that saw fast
growth in production, owing to the rapid and
consistent growth in the Asia-Pacific region
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By Distribution Channel- Segment Analysis The
Particle wood segment held the largest share of
33in the Wood Based Panel market in
2020. Particle Board is a composite panel product
consisting of cellulosic particles of various
sizes that are bonded together with synthetic
adhesives under heat and pressure. Particle Board
has excellent machining characteristics, which is
important when post-forming high pressure
laminate countertops. Particle Board is used
extensively in residential kitchens, playing a
role in cabinets, shelving, countertops and floor
underlayment.
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- Wood Based Panel Market Industry Outlook
- Kronospan,
- Arauco,
- Daiken New Zealand,
- Duratex,
- Georgia-Pacific,
- Masisa,
- Swiss Krono Group,
- Norbord,
- Louisiana-Pacific
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Wood Based Panel Market - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Research/Wood-based-P
anel-Market-Research-503072
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
Inquiry Before Buying
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