Wood Based Panel Market is projected to gain commendable expansion by 2025

Global Wood Based Panel Market research report released by Global Market Insights provides industry information about Top Key Players, Countries, Type and Application. This Wood Based Panel report also states Company Profile, sales, Wood Based Panel Market revenue and price, market share, market growth and gross margin by regions, Strategic recommendations for the new entrants, Market forecasts for a minimum of five years of all the mentioned segments, sub segments and the regional markets.

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Europe wood based panel market has generated huge profitability and strong growth in the last few years on account of the growth of the furniture sector and rising construction industry. However, increasing cost of a range of inputs such as wood, energy and resin is expected to challenge the panel manufacturers across the Europe over the forecast period. In addition, the European panel producers are competing with the biomass industry for the procurement of wood.

China exported 5.8 million tons of wood based panels which cost around USD 5,813 million in 2014, growing at a CAGR of 15% over the previous year. China trades with the U.S., where it exports around 15% of its total panel, accounting for 55% of the U.S. total imports. One of the challenges that both the North American and European panel makers are facing is the increasing imports from China. In 2014, China and Indonesia are identified as the foremost global suppliers of the panels with a combined share of over 55% of total exports. China significantly strengthened its position in the global export structure, from 31% in 2007 to 39% in 2014.

The wood based panel industry can be segmented on the basis of product which includes veneers and sheets less than 6mm thick, plywood, oriented strand board, veneered panels and related, particle board & wafer board, insulation boards, hardboards and fiberboard. Moreover, the industry can be further bifurcated on the basis of region which includes North America, Europe, Asia Pacific, Latin America and MEA. In the U.S., plywood and OSB are the leading panels that are being employed and the huge capacity augment in OSB has declined the prices for panels, which impacts the margins of the panel makers over the coming few years.

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Increasing deforestation has lead towards the global warming which has boosted the demand growth for efficient and effective utilization of timber. This is expected to fuel the wood based panel market demand over the forecast period. In addition, technological innovation and advancement along with the mounting efficiency in manufacturing is likely to bolster the demand from 2016 to 2023. However, rapid increases in the cost pertaining to the petroleum based fuel and products continue to amplify the marketing and production cost of the industry, which in turn obstructing wood based panel market growth over the forecast period.

Major manufacturers for the global wood based panel market share include Lin Shi Tong Wood Co. Ltd, China Foma, Xinxiel Groupt Co, Caihong Wood Co Ltd., Timber Products Company, Yalian machinery Co, D.I.V.A Aluminium Products, Changzhou Hengyi Wood Products Co Ltd, Qingdao Nianlum Wood Processing Co. Ltd., SKLEJKA PISZ PAGED S.A., Jechen Group, Daregroup, Linyi Guangsha Wood Industry Co Ltd, Shanghai Wood-Based Panel Machinery Co, Mebelny Kombinat Rassvet and Main Land Trading Company among others.

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