Plywood is made from softwoods, hardwoods, and a combination of the two. It consists of a face and back core. The folds are glued together by strong adhesives such as urea formaldehyde resin or phenol. Plywood is widely used as a building material due to its useful properties such as strength, recyclability and others. It is an economical, factory-produced sheet of wood with precise dimensions that will not crack or curl with changes in atmospheric humidity.
Applications of plywood in the construction industry include forming lightweight partitions or exterior walls, for making frames or molds for wet concrete, for making lightweight doors and shutters, for producing furniture such as cabinets, kitchen cabinets and the like. Additionally, plywood finds application in various industries other than construction including upholstered furniture, material handling, truck trailers, packaging, and other applications.
The global plywood market is pegged at 105.9 million cubic meters in 2018 in terms of volume, and is expected to grow at a CAGR of 3.3%, over the forecast period (2019-2027), to reach 144.7 million cubic meters by 2027.
Consistent market information has released a new report titled ‘Plywood Market’ which provides information on industry size, share, trends, growth, cost structure, capacity, revenue, and forecast for 2027. The report also includes a strategic study of the plywood market and aspects affecting the growth of it. This report comprehensively analyzes the Plywood industry and provides data to develop strategies to increase business growth and efficiency.
The report addresses the main issues in business and also highlights the impact of Covid-19 on the supply chain, production and revenue. The report discusses the disruptions and new opportunities that are helping your business weather the pandemic. The Plywood market report has been segmented on the basis of different categories such as product type, application, end user, and region. Each segment is evaluated based on CAGR, share and growth potential. In the regional analysis, the report highlights the potential regions which are expected to create opportunities in the Plywood market over the coming years.
Markets by Geography:
– North America (USA, Canada and Mexico)
– Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
– Asia Pacific (China, Japan, Korea, India, Australia and Southeast Asia, etc.)
– South America Brazil, Argentina, Colombia, Chile, etc.)
– Middle East and Africa (South Africa, Egypt, Nigeria, Saudi Arabia, etc.)
Finally, the Plywood Market report concludes with the research findings, market size estimates, market share, changes in customer needs / consumer preferences, and data sources. These factors will increase overall activity.
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