Industry Outlook. The global wood based panel market size was estimated at USD 91.05 billion in 2016. Low cost of the product coupled with superior properties such as high strength and durability are resulting in its high demand from the construction sector for wall cladding, ceiling, roofing, and flooring applications.
Wood-based Panel Market. The fastest growing segment of world markets for manufacturers of wood products is Wood-based Panels, and globally, it is estimated to witness a favorable growth during the forecast period, 2018-2023.
Based on the Wood-Based Panels industrial chain, this report mainly elaborate the definition, types, applications and major players of Wood-Based Panels market in details. Deep analysis about market status (2012-2017), enterprise competition pattern, advantages and disadvantages of enterprise ...
Hence, the global wood-based panels market is expected to witness a CAGR of around 8% over the forecast period. Global Wood Based Panels Market: Regional Analysis: The global wood based panels market have been segmented region-wise into North America, Europe, Asia-pacific, and Rest of the World (RoW).
THE FUTURE OF THE WOOD BASED PANEL INDUSTRY IN EUROPE ... MARKETS, INDUSTRY TRENDS AND PROFITABILITY ??? EUROPE 2020 2 The market for wood based panels in Europe has been slow to woodrecover from the collapse in demand caused by the financial meltdown in 2008 and the subsequent itEuropean debt crisis. ...
Wood based panel market size was valued over USD 16 billion in 2015 and is anticipated to grow at CAGR of over 13% and exceed USD 35 billion by 2023.. In 2014, China wood based panel market accounted for more than 50,000 products for manufacturing and trading enterprises, employing more than 10 million workforce and generating an output of USD 155 billion.
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Growing deforestation leading to global warming has spurred the demand for efficient timber utilization, in turn driving the global wood based panels market. Technological advancements and increased efficiency in manufacturing of wood based panels is expected to bolster the demand for wood based panels.