Dublin, April 09, 2021 (GLOBE NEWSWIRE) – The “Manufactured Wood Materials – Global Market Trajectory and Analysis” report was added to ResearchAndMarkets.com offer.
Amid the COVID-19 crisis, the global manufactured wood materials market estimated at US $ 366.2 billion in 2020, is expected to reach a revised size of US $ 505.6 billion by 2027, with a CAGR 4.7% over the 2020-2027 analysis period.
Plywood, one of the segments analyzed in the report, is expected to register a CAGR of 4.7% and reach $ 242.6 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the veneer segment is readjusted to a revised CAGR of 4.5% for the next 7-year period.
The US market is estimated at $ 105.5 billion, while China is expected to grow at 7.8% CAGR
The market for manufactured wood materials in the United States is estimated at US $ 105.5 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 91.7 billion by 2027 , after a CAGR of 7.8. % over the 2020 to 2027 analysis period. Other notable geographic markets include Japan and Canada, each forecasting growth of 2.7% and 3.8% respectively over the 2020-2027 period. In Europe, Germany is expected to grow by around 3.4% CAGR.
Reconstituted wood segment registers 4.9% CAGR
In the global reconstituted wood segment, the United States, Canada, Japan, China and Europe will lead the estimated 4.6% CAGR for this segment. These regional markets representing a combined market size of US $ 74.8 billion in 2020 will grow to a projected size of US $ 102.4 billion by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 69.2 billion by 2027, while Latin America will grow at a CAGR of 5 , 3% during the analysis period.
Selected Competitors (Total 32 featured):
- Boise Cascade
- Celulosa Arauco and Constitucin
- Columbia Forest Products Inc.
- Georgia-Pacific Corporation
- Patrick Industries Inc.
- Potlatch Society
- RLC Industries Co.
- Weyerhaeuser Company
Main topics covered:
1. MARKET OVERVIEW
- Overview of the influencer market
- Global market trajectories
- Impact of Covid-19 and an impending global recession
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total number of profiled companies: 32
For more information on this report, visit https://www.researchandmarkets.com/r/hem24a