Global Manufactured Wood Materials Market Size 2024, Forecast To 2033

11 Mar, 2024

The manufactured wood materials market has displayed strong growth, increasing from $281.94 billion in 2023 to $302.41 billion in 2024, with a compound annual growth rate (CAGR) of 7.3%. The historic period's growth is attributed to emerging markets growth, growth in residential construction activity, and low-interest rates. Looking forward, the market is expected to see strong growth, reaching $393.61 billion in 2028 with a CAGR of 6.8%. The forecast period's growth can be linked to the growth of e-commerce, increasing demand for wooden furniture, and urbanization. Major trends for the forecast period involve offering customized engineered wood products to the construction industry, automation and robotics technologies to enhance production efficiency and reduce costs, implementing tracking and tracing technology to enhance credibility among stakeholders, and a focus on incorporating new and improved techniques in harvesting logs to increase wood volume with less residual damage, shaping the trajectory of the manufactured wood materials industry.

Global Manufactured Wood Materials Market Key Driver

The manufactured wood materials market is set to grow with the increasing demand for construction activities. In 2023, the market size is influenced by the broader scope of construction, encompassing planning, designing, building, and assembling physical structures and infrastructure. Manufactured wood materials contribute positively to the construction industry by promoting sustainability, innovation, and efficiency. Notably, in September 2021, Oxford Economics reported a projected 42% increase in global construction output between 2020 and 2030, amounting to $4.5 trillion, reaching a total of USD 15.2 trillion. This growth in construction activities globally is a key driver behind the expanding market for manufactured wood materials.

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Global Manufactured Wood Materials Market Segments

The manufactured wood materials market covered in this report is segmented –
1) By Type: Reconstituted Wood, Plywood, Veneer Sheets
2) By Type of Wood Plant: Teak, Oak, Other Types of Wood Plants
3) By Application: Residential, Commercial
By Geography:The regions covered in the manufactured wood materials market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa Asia-Pacific was the largest region in the manufactured wood materials market in 2023. North America was the second largest region in the manufactured wood materials market. The regions covered in the manufactured wood materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Manufactured Wood Materials Industry Players

Georgia-Pacific, Weyerhaeuser, Boise Cascade, West Fraser Timber Co Ltd, Universal Forest Products, UPM-Kymmene Corporation, Metsa Group, Potlatch Corporation, Austral Plywoods Pty Ltd, Eksons Corporation Bhd,, Jilin Sen Workers' Forming Group Co., Ltd., Daya Shengxiang Home Co., Ltd., Xuzhou Mega Industries, Yalong Wood, Century Plyboards India Ltd, Greenply Industries Ltd, HOKUSAN, Caledonian Plywood Company Ltd, Hanson Plywood, Garnica Plywood Samazan, IMCA Panels, Templin OHG, Syktyvkar Plywood Mill LTD, Plyterra Group, Segezha Group, JAF Group, Au-Mex, Hancock Timber Resource Group, RSH Forest Products, Sierra Pacific, Berneck, Araupel, Linea Parana Madeiras Ltda, Imaribo, Middle East Wood, Mazi Orman Urunleri Ltd., Dastas Demircioglu Agac A.S., Daco Parquet Factory AS, Gabon Veneer, Merensky, Miro Forestry and Timber Products, United Forest Products, Afeefa Overseas Sarl Gabon, Okoume Face Veneer.

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Manufactured Wood Materials Market Overview

Manufactured wood materials refer to a derivative wood product formed by binding or attaching the strands, particles, etc. together with adhesives or other techniques of fixation to create composite materials, also known as composite wood, manufactured board, or composite board.

Manufactured Wood Materials Global Market Report 2023 provides data on the global manufactured wood materials market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The manufactured wood materials market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.