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Market Overview of Global Wood Composite Panel market:
According to our latest research, the global Wood Composite Panel market looks promising in the next 5 years. As of 2022, the global Wood Composite Panel market was estimated at USD 9491.5 million, and it's anticipated to reach USD 14054.0 million in 2028, with a CAGR of 6.76% during the forecast years.
Composite Wood Panels, also known as Engineered Wood is a man-made product that can be used in place of solid wood or plywood for many interior applications. Composite Wood Panels are made from wood fiber and shavings which are bonded together with resin under heat and pressure to create panels in many sizes and thickness options.
Opportunities
Improve performance
With the progress in science and technology, more advanced materials and production methods, investment of companies, there will be more cost effective, high performance product, for example, high-strength material integrated Wood Composite Panel.
Emerging countries
For example, China, India are developing their industries, with the progress of economy and technology, the increasing demand of downstream, such as the increase of buildings construction industry, the market of Wood Composite Panel has great market potential in the future.
Market Drivers
With the development of economy, the progress of science and technology, the improvement of people's living standard, and the improvement of consumers' purchasing power, people are more willing to invest in the improvement of household quality of life. Elegant, fashionable, healthy household environment is no longer the exclusive of the residents of the first and second tier cities, but the common needs of the masses; At the same time, the requirements for thermal insulation, heat insulation, sound insulation, sound absorption, insulation functions are also higher and higher; These factors promote the development of Wood Composite Panel industry; In addition, the continuous development of the commercial and residential construction industry has also promoted the development of the wallboard industry.
Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Kronospan, Kastamonu Entegre and Arauco. with the revenue market share of 3.86%, 2.71% and 1.79% in 2020.
Kronospan Ltd. manufactures wood products. The Company produces products such as panels, laminate decorative surface, chipboard, worktop, and laminate floor.
Kastamonu Entegre Agac offers wood based housing products. The Company manufactures door panels, raw and melamined particle boards, door skins, laminated floorings, skirtings, painted panels, and other wood products. Kastamonu Entegre serves customers worldwide.
Segmentation Overview:
Among different product types, MDF (Medium Density Fiberboard) segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Furniture segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Wood Composite Panel market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Wood Composite Panel Market Report:
Market Size Estimates: Wood Composite Panel market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Wood Composite Panel market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Wood Composite Panel market
Segment Market Analysis: Wood Composite Panel market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Wood Composite Panel market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Wood Composite Panel Market: Revenue and sales volume of major countries in each region
Wood Composite Panel Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Wood Composite Panel market in major regions.
Wood Composite Panel Industry Value Chain: Wood Composite Panel market raw materials & suppliers, manufacturing process, distributors, downstream customers
Wood Composite Panel Industry News, Policies & Regulations
Key players in the global Wood Composite Panel market are covered in Chapter 12:
MASISA
Kronospan
Vanachai Group Public Company Limited,Thailand
Swiss Krono Group
Green Panel Products
Kastamonu Entegre
Panel Plus Thailand
Duratex
MJB Wood Group, Inc.
Egger
Georgia-Pacific Wood Products
Weyerhaeuser
DARE
Metroply
Norbord
Guangdong Weihua
Arauco
VRG DongwhaMDF, Vietnam
In Chapter 2 and Chapter 15.1, based on types, the Wood Composite Panel market from 2018 to 2028 is primarily split into:
Hardboard
MDF (Medium Density Fiberboard)
Particleboard
In Chapter 3 and Chapter 15.2, based on applications, the Wood Composite Panel market from 2018 to 2028 covers:
Decoration
Furniture
Flooring
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Wood Composite Panel market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028