Global Wood Panels Industry, 2027: Trends and Developments Resulting from the COVID-19 Pandemic -

DUBLIN--()--The "Wood Panels - Global Market Trajectory & Analytics" report has been added to's offering.

The publisher brings years of research experience to this 18th edition of the report. The 366-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wood Panels Market to Reach 658.1 Million Cubic Meters by 2027

Amid the COVID-19 crisis, the global market for Wood Panels estimated at 444.1 Million Cubic Meters in the year 2020, is projected to reach a revised size of 658.1 Million Cubic Meters by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.

Plywood, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach 259.6 Million Cubic Meters by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Particleboard segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at 119.6 Million Cubic Meters, While China is Forecast to Grow at 9.4% CAGR

The Wood Panels market in the U.S. is estimated at 119.6 Million Cubic Meters in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 144.4 Million Cubic Meters by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Medium Density Fiberboard Segment to Record 6.4% CAGR

In the global Medium Density Fiberboard segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 73.6 Million Cubic Meters in the year 2020 will reach a projected size of 111 Million Cubic Meters by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 90.9 Million Cubic Meters by the year 2027, while Latin America will expand at a 6.9% CAGR through the analysis period.

Key Topics Covered




  • Wood Panels: Affordable, Proven, Innovative, and Sustainable Value Added Wood Products
  • Growth Drivers for the Wood Panels Market: On a Scale of 1 - 10 (10 - High Impact; 1 - Low Impact)
  • Growth Dampeners for Wood Panels Market: On a Scale of 1 - 10 (10 - High Impact; 1 - Low Impact)
  • Recent Market Activity
  • Wood Based Panels Production and Capacity: Leading Countries Worldwide
  • Reasonable Tree Harvesting to Benefit Wood Production and Use
  • Myriad Applications in the Construction Industry Drive Widespread Market Adoption
  • Recovery in Construction Activity Worldwide Offer Bright Prospects for the Wood Panels Market
  • Residential Replacements: The Primary Demand Driver
  • Rapid Modernization and Infrastructure Development: Another Major Demand Driver for Wood Based Panels
  • Global Market Outlook
  • Developing Asian Countries Dominate Consumption and Offer Lucrative Growth Opportunities
  • Upward Movement in Construction Activity to Drive Strong Market Gains
  • Competition: Mergers, Acquisitions, and Investments Characterize the Market
  • Leading Players: Global Ranking
  • Global Ranking of the Top 15 Wood Based Panel Producers (in Terms of Volume Capacity): 2018
  • Global Ranking of the Top 10 OSB Producers (in Terms of Volume Capacity): 2018
  • Global Competitor Market Shares
  • Wood Panels Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
  • Impact of COVID-19 and a Looming Global Recession


  • Boise Cascade Company (USA)
  • Caledonian Plywood Company Ltd. (UK)
  • Canfor Corporation (Canada)
  • Decorative Panels International, Inc. (USA)
  • Duratex SA (Brazil)
  • FRITZ EGGER GmbH & Co. OG (Austria)
  • Fletcher Building Limited (New Zealand)
  • Gascogne SA (France)
  • Georgia-Pacific LLC (USA)
  • GreenPly Industries Limited (India)
  • J.M. Huber Corporation (USA)
  • Kastamonu Entegre Aga Sanayi ve Ticaret AS (Turkey)
  • Kronospan Limited (Austria)
  • Louisiana-Pacific Corporation (USA)
  • Mohawk Industries, Inc. (USA)
  • Norbord Inc. (Canada)
  • Ainsworth Lumber Co. Ltd. (Canada)
  • Pfleiderer Group Splka Akcyjna (Poland)
  • PotlatchDeltic Corporation (USA)
  • Rougier SA (France)
  • Svenska Cellulosa Aktiebolaget (Sweden)
  • Sonae Indstria, S.G.P.S. SA (Portugal)
  • Tolko Industries Ltd. (Canada)
  • UPM-Kymmene Oyj (Finland)
  • West Fraser Timber Co. Ltd. (Canada)
  • Weyerhaeuser NR Company (USA)


  • Rising Popularity of Oriented Strand Board, the Stronger Variety of Particleboard, Drive Steady Market Growth
  • Versatility, Consistency, Affordability, Excellent Shear Strength, Longer Lengths, and Sustainability Drive OSB Adoption
  • OSB Steadily Gain Acceptance in the Construction Industry
  • Growing Focus on CLT Panels for Wooden 'Plyscrapers' to Boost Market Demand
  • Challenges and Opportunities
  • CLT Panels Set to Revolutionize Industrial Architecture
  • CLT Scores over Steel and Concrete in Terms of Ecological Benefits
  • Future Applications of CLT
  • Superior Attributes over Solid Wood and Other Substitutes Drive Surging Demand for Medium Density Fiberboard (MDF)
  • MDF Scores over Solid Wood as a Material of Choice for Designing Cabinet Doors
  • MDF: An Ideal Choice and a Cheaper but Strong Alternative to Solid Wood
  • Plywood: The Dominant Wood Panel Category Continue to Witness Healthy Growth
  • Wood Panel Innovations: Spearheading Market Growth
  • Step Panels for the Future
  • Researchers under I-PAN Project Develop Novel Wood Panels
  • Mass-Timber Construction Technique
  • MDF Recycling Innovation Set to Solve Retailers' Circular Economy Conundrum
  • Noteworthy Wood Product Innovations in Interior Design and Dcor
  • Biodegradable MDF Panels
  • Wood Veneer Commercial Wall Coverings
  • Plankprints on Old Worn Wood
  • Wood Wall Paneling
  • The 'Green' Image of Wood Panels Drive Demand Growth
  • Go Green: The New Mantra for Plywood Manufacturers
  • Favorable Demographic & Economic Trends Strengthen Market Prospects
  • Exponential Increase in Urbanization
  • Population Growth
  • Burgeoning Middle Class Population




  • Total Companies Profiled: 123

For more information about this report visit

Laura Wood, Senior Press Manager

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Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900