Engineered wood, also known as plywood, remains to be a core material in the global construction industry. Despite the emergence of alternatives made from aluminium and other composite & hybrid materials, the ply made of thin layers of wood veneers is yet to become obsolete. Manufacturing plywood remains fairly cost-effective as a panel made of wood requires low spending on adhesives, compared to other materials. Furthermore, the shrinkage resistance and strength of plywood gives it a competitive edge in several construction applications. Several companies are also focusing on developing plywood with maximum resistance to cracking, splitting, twisting and other mechanical deformations. High tensile strength of wood used in production of plywood is also considered as its key feature, and aids in expanding its application purview. The demand for plywood continues to surge in parallel with growing need for construction materials that are inexpensive, reusable and flexible.
Future Market Insights is developing an exclusive analysis on assessing the future of plywood from the market standpoint. The ongoing research study is being directed to develop accurate forecast on expansion of the global plywood market for the assessment period, 2017-2027. The report is analysing an assortment of factors influencing the growth of global plywood market, generating valuable insights for key players, distributors, raw material suppliers, and other stakeholders.
Drivers & Restraints for Expansion of Global Plywood Market
As the real estate sector and housing markets across several regions attain post-recession stability, global sales of plywood are exhibiting an upsurge from spurring urbanization. While traditional demand-supply scenario in the global plywood market was aided by easy and cheap availability of raw wood, increasing concerns over excessive deforestation is anticipated to put constraints on manufacturing of plywood. Nonetheless, growing use of plywood in interior and exterior design applications continues to bolster its utility in the construction industry. Over the next decade, low cost and durability of plywood will fuel its sales, while restricted usage of wood is poised to impede the pace of revenue generation in the global plywood market.
Plywood Market: Global Players & Segmental Analysis
The study observes that companies such as are among the key players in the global plywood market. The reports will be profiling these plywood manufacturers extensively to reveal their current market standings and asses the competition landscape for the forecast period. While majority of these companies are expected to remain active in expansion of global plywood market through 2027, contribution of local players will also witness an uptick in the approaching years. The study has further analysed the global plywood market on the basis of regions, product-types and applications.
Among the six regions, North America is likely to emerge as largest consumer of plywood, while Asia-Pacific is anticipated to record impressive production to meet global demands of urbanization and industrialization. Commercial ply, waterproof ply, and semi-waterproof ply are key types of products available in the global plywood market. The study is also analysing the future prospects in the global plywood market on the basis of applications, namely, decorative plywood, tropical plywood, hardwood plywood, and softwood plywood.
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