Global Wood Based Panel Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Plywood, Particleboard, Medium Density Fibreboard (MDF), Oriented Strand Board (OSB), Hardboard, Softboard, Laminated Veneer Lumber (LVL), and Others.

By Application;

Furniture, Construction, and Packaging.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn532341545 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Wood Based Panel Market (USD Million), 2021 - 2031

In the year 2024, the Global Wood Based Panel Market was valued at USD 176,447.25 million. The size of this market is expected to increase to USD 279,649.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.

The Wood Based Panel Market has experienced substantial growth, attributed primarily to the expansion of the construction sector. Wood-based panels have emerged as preferred materials for various applications within construction, including roofing, flooring, wall panels, and structural elements. Their popularity stems from their affordability and versatility, making them a favored choice among builders and contractors. Wood-based panels offer a cost-effective solution without compromising on quality or performance, meeting the diverse needs of construction projects ranging from residential to commercial developments. The versatility of wood-based panels allows for customization to suit specific design requirements, further enhancing their appeal in the construction industry.

As the construction sector continues to expand, driven by urbanization, population growth, and infrastructure development initiatives, the demand for wood-based panels is expected to rise steadily. Their inherent properties such as durability, ease of installation, and environmental sustainability position wood-based panels as integral components in modern construction practices. Technological advancements in manufacturing processes have led to improvements in the quality and performance of wood-based panels, further fueling market growth. With the construction sector poised for sustained growth globally, wood-based panels are anticipated to play a crucial role in meeting the increasing demand for affordable and sustainable building materials, driving the continued expansion of the Wood Based Panel Market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Wood Based Panel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Sustainability Drive
        2. Regulatory Backing
        3. Urbanization Impact
      2. Restraints
        1. Economic Volatility
        2. Raw Material
        3. Shifting Consumer
      3. Opportunities
        1. Product Diversification
        2. E-commerce Expansion
        3. Strategic Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Wood Based Panel Market, By Product, 2021 - 2031 (USD Million)
      1. Plywood
      2. Particleboard
      3. Medium Density Fibreboard (MDF)
      4. Oriented Strand Board (OSB)
      5. Hardboard, Softboard
      6. Laminated Veneer Lumber (LVL)
      7. Others
    2. Global Wood Based Panel Market, By Application, 2021 - 2031 (USD Million)
      1. Furniture
      2. Construction
      3. Packaging
    3. Global Wood Based Panel Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
          1. South Africa
        3. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Georgia-Pacific LLC (Koch Industries)
      2. West Fraser Timber Co. Ltd.
      3. Weyerhaeuser Company
      4. Norbord Inc.
      5. Arauco
      6. Louisiana-Pacific Corporation (LP)
      7. EGGER Group
      8. Kronospan
      9. U.S. Lumber Group LLC
      10. Swiss Krono Group
      11. Roseburg Forest Products
      12. Ainsworth Lumber Co. Ltd.
      13. Panels & Furniture Group (PFM Group)
      14. Boise Cascade Company
      15. Pfleiderer Group S.A.
  7. Analyst Views
  8. Future Outlook of the Market