Key to Global Manufactured Wood Materials Market 2022
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The global manufactured wood materials market reached a value of nearly $264.6 billion in 2019, having grown at a compound annual growth rate (CAGR) of 6.9% since 2015. The market is expected to from $264.6 billion in 2019 to $256.9 billion in 2020 at a rate of -2.92%. The decline is mainly due to the lockdown and social distancing standards imposed by various countries and the economic downturn in all countries due to the COVID-19 outbreak and measures to contain it. The market is then expected to recover and grow at a CAGR of 8.07% from 2021 and reach $315.7 billion in 2023. The market is expected to reach $367.4 billion by 2025 and $525.4 billion dollars by 2030.
Growing concerns over global warming and climate change have dramatically shifted consumer preference towards eco-friendly furniture, which has enabled manufacturers to develop furniture using eco-friendly materials. Apart from environmental concerns, consumers looking for modular and stylish furniture are also driving the demand for wooden furniture in rural and urban areas. This in turn benefits the growth of markets for manufactured wood materials.
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Major competitors in the manufactured wood materials market include Georgia-Pacific, Weyerhaeuser, Boise Cascade, West Fraser Timber Co Ltd, Universal Forest Products
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The manufactured wood materials market includes sales of wood materials produced by entities (organizations, sole proprietorships, and partnerships) that produce veneer, plywood, engineered wood, and engineered wood products. Some products produced by this industry include hardwood and softwood veneers, pre-engineered and laminated wood arches, wood roofs, floor trusses, wood sheets and planks. The manufactured wood materials industry involves various types of procedures used to convert raw wood into wood materials by bonding or fixing strands, particles, fibers, veneers, or planks of wood with adhesives or other methods to form composite materials.
Manufactured Wood Materials Market TOC Include:
1. Summary of the Manufactured Wood Materials Market
2. Table of Contents
3. List of Figures
4. List of tables
5. Structure of the report
26. Market Context: Wood Products Manufacturing Market
27. Manufactured Wood Materials Market Opportunities and Strategies
28. Manufactured Wood Materials Market, Findings and Recommendations
Business Research Company’s “Global Manufactured Wood Materials Opportunities and Strategies Market Report – Forecast to 2030” is the most comprehensive report available on the market, providing data and statistics from over 60 areas geographies analyzed in more than 2,500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the market size by region and country. Additionally, it assesses the historical and projected growth of the market and identifies significant trends and strategies that can be employed to outperform industry competitors.
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