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Wood Based Panel Market Share

Report ID: GMI6553
Published Date: Nov 2024
Report Format: PDF

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Wood Based Panel Market Share

Global Wood Based Panel Company Market Share Analysis, 2023

In 2023, key companies like West Fraser, Norbord, Roseburg, etc. held a combined market share of 5-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced wood-based panels that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Wood Based Panel Market Companies

Major players operating in the wood-based panel industry are:

Ainsworth Lumber Co. Ltd.
Arauco
Boise Cascade Company
EGGER Group
Georgia-Pacific LLC (Koch Industries)
Kronospan
Louisiana-Pacific Corporation (LP)
Norbord Inc.
Panels & Furniture Group (PFM Group)
Pfleiderer Group S.A.
Roseburg Forest Products
Swiss Krono Group
U.S. Lumber Group LLC
West Fraser Timber Co. Ltd.
Weyerhaeuser Company

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for wood-based panel was reached USD 208.3 billion in 2023 and is estimated to grow at a 5.5% CAGR from 2024 to 2032, driven by rapid urbanization in emerging markets.

The plywood segment reached USD 49.6 billion in 2023 and is expected to grow due to its strength, versatility, and structural integrity, making it ideal for applications like roofing and flooring.

The furniture and furnishing segment held approximately 45% share of the wood-based panel market in 2022, fueled by the global shift towards cost-effective and easy-to-assemble flat-pack furniture.

The U.S. wood-based panel market surpassed USD 59.3 billion in 2023 and is projected to grow at a 6% CAGR from 2024 to 2032, led by the focus on affordable housing and suburban growth.

Key players in the industry include Ainsworth Lumber Co. Ltd., Arauco, Boise Cascade Company, EGGER Group, Georgia-Pacific LLC (Koch Industries), Kronospan, Louisiana-Pacific Corporation (LP), Norbord Inc., Panels & Furniture Group (PFM Group), Pfleiderer Group S.A., Roseburg Forest Products, Swiss Krono Group, U.S. Lumber Group LLC, West Fraser Timber Co. Ltd., and Weyerhaeuser Company.