$255.7 Billion Worldwide Manufactured Wood Materials Industry to 2031 - Asia Pacific was the Largest Region in 2021 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Manufactured Wood Materials Global Market Report 2022, By Type, By Application, By Type of Wood Plant" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global manufactured wood materials market as it emerges from the COVID-19 shut down.

The global manufactured wood materials market is expected to grow from $238.64 billion in 2021 to $255.73 billion in 2022 at a compound annual growth rate (CAGR) of 7.2%. The market is expected to grow to $323.27 billion in 2026 at a compound annual growth rate (CAGR) of 6%.

Companies Mentioned

• Weyerhaeuser Company
• CELULOSA ARAUCO Y CONSTITUCION S.A.
• Louisiana-Pacific Corporation
• Norbord Inc.
• Patrick Industries, Inc.
• Boise Cascade Company UFP Industries, Inc.
• PotlatchDeltic Corporation
• upm-kymmene oyj
• GreenPly Industries Ltd.

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The manufactured wood materials market consists of sales of produced wood materials by entities (organizations, sole traders and partnerships) that produce veneer, plywood, engineered wood members and reconstituted wood products. Some products produced by this industry include hardwood and softwood veneer, fabricated and laminated wood arches, wood roof, floor trusses, wood sheets and boards.

The main types of manufactured wood materials are reconstituted wood, plywood and veneer sheets. Reconstituted wood is made out of wood sheets that have been rotary sawn, glued together, and treated to resemble a variety of other woods. Wallcoverings, workstations, cabinetry, parquet flooring, and bookcases are made from reconstituted wood. The different types of wood plant include teak, oak, others that are used for residential and commercial applications.

Asia Pacific was the largest region in the manufactured wood materials market in 2021. North America was the second largest region in the manufactured wood materials market. The regions covered in the manufactured wood materials market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Increasing demand for online shopping is expected to help the manufactured wood materials market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the manufactured wood market. In countries such as India, for instance, e-commerce portals have boosted the sales of wood manufacturers by giving larger exposure to producers who were confined to one geography.

Manufactured wood material companies are increasingly integrating automation and robotics in their operations to enhance productivity and reduce costs. Robotics are generally being adopted in those functional areas where working conditions for human labour are not safe and it can be implemented to complement human labour to increase operational efficiency.

Automation is being utilized to reduce the time taken for manufacturing reconstituted wood products and thereby improving process efficiency. According to a survey by the Manufacturers Alliance and the MN Precision Manufacturing Association, 38% of the respondents were currently using automation or robotics, and 32% of the respondents were in process of implementing automation or robotics. Major companies providing automation equipment include Timber Automation and CG Power and Industrial Solutions.

For more information about this report visit https://www.researchandmarkets.com/r/4wfscx