Bamboo Global Market Report 2023 – By Type (Herbaceous Bamboos, Tropical Woody Bamboos, Temperate Woody Bamboos), By Species (Moso bamboo, Bambusa vulgaris, Other Species), By Application (Raw Materials, Industrial Products, Furniture, Shoots, Other Applications), By End-User (Wood And Furniture, Construction, Food, Pulp And Paper, Textile, Agriculture, Other End-Users) – Market Size, Trends, And Global Forecast 2023-2032

Plywood refers to a type of wooden product in which thin layers of wood are bonded and pressed together to create a construction material due to its high structural strength and flexibility. It also works better against moisture, and the grains of the wood are often at right angles to one another. Plywood is widely used in interior design and furniture work. Apart from being economical and durable, it is also a more eco-friendly option than normal wood. The main types of plywood markets are softwood and hardwood. Softwood plywood has a front and back veneer of softwood and is used for decorative purposes, such as furniture making. These are used in furniture, flooring, construction, automotive interiors, packaging, marine, and other applications and are used in residential and commercial settings. The global plywood market is segmented – 1) By Type: Softwood, Hardwood 2) By Application: Furniture, Flooring And Construction, Automotive Interiors, Packaging, Marine, Other Applications 3) By End User: Residential, Commercial The global plywood market size is expected to grow from $54.79 billion in 2022 to $59.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of plywood is expected to grow to $85.26 billion in 2027 at a compound annual growth rate (CAGR) of 9.4%. The growth of the interior design and furniture industry is propelling the demand in the plywood market. Interior designing and furniture refer to the designing of homes or organizations. The interior design and furniture industry use large amounts of plywood as a better alternative to raw wood, as a result, the growth of interior design and furniture increases the demand for the plywood market. For instance, the report from the Institute of Logistics and Aviation, an aviation institute based in India suggested that the Indian furniture market was expected to grow at a rate of 26% in 2019. Thus, the growing furniture and Interior design industry are propelling the growth of the Plywood market. Major players in the plywood market are Georgia-Pacific LLC, PotlatchDeltic Corporation, Boise Cascade Company, UPM-Kymmene Oyj, SVEZA Forest Ltd., Latvijas Finieris AS, Austral Plywoods Pty Ltd., Eksons Corporation Berhad (BHD), Metsä Wood (Metsäliitto Cooperative), Uniply Industries Ltd., Hefei Sinoply wood, Subur Tiasa Holdings Berhad and Jaya Tiasa Holdings Berhad. Strategic partnerships are shaping the plywood market. Many companies operating in the plywood market are undergoing partnerships to meet customer demands. For instance, in January 2022, Boise Cascade Millwork, a US-based manufacturer of plywood partnered with Simpson Door Company, a US-based company manufacturer of the interior, exterior, and custom wood doors. With this partnership, Boise company will expand its offering of top-notch doors and services to its customers in Atlanta. Further, in another partnership, Quant, a Sweden-based company operating in industrial maintenance partnered with Metsä Wood, a Finland-based company that manufactures plywood. With this partnership, the companies want to develop proactive and predictive maintenance to the next level together to meet customer demands. In February 2021, West Fraser, a Canada-based plywood manufacturer acquired Norbord for an undisclosed amount. With this acquisition, the two top-caliber employee teams manufacturing sustainable products that are essential for a low-carbon economy position West Fraser well going forward and marks a new era for all West Fraser company employees and shareholders with the completion of the Norbord transaction. Norbord is a Canada-based company that manufacturers plywood. Asia-Pacific was the largest region in the plywood market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plywood market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plywood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The plywood market consists of sales of off-core plywood, lumber plywood, and marine plywood. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plywood market research report is one of a series of new reports from The Business Research Company that provides plywood market statistics, including plywood global market size, regional shares, competitors with a plywood market share, detailed plywood market segments, market trends and opportunities, and any further data you may need to thrive in the plywood industry. This plywood market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry."

Marine plywood refers to a stronger, higher-quality material made of Douglas fir or western larch that hasn't been chemically treated and is used to build boats, docks, and other dock-related components. Marine plywood can be used in environments where it is exposed to moisture for long periods. It is generally used for building boats and ships and other applications where the plywood can get exposed to water. The main applications of marine plywood are marine applications and non-marine applications. Due to its structural properties, marine plywood is almost impenetrable and unaffected by water, and this makes it suitable for use in marine applications. Marine plywood is manufactured in such a way that it does not contain any gaps between the plies, even after it is sawed and treated with heat and pressure. Marine plywood is applied in various applications such as decks, docks, boats, and others. For non-marine applications, marine plywood is used for making outdoor patio furniture or structures that are made of wood, especially for moist climate conditions. The global marine plywood market is segmented - 1) By Application: Marine Applications, Non-Marine Applications 2) By Marine Applications: Deck, Dock, Boat, Other Marine Applications The global marine plywood market size grew from $11.2 billion in 2022 to $12.76 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global marine plywood is expected to grow to $21.75 billion in 2027 at a CAGR of 14.3%. The growing popularity of high-speed and luxurious recreational boats is the key factor driving the growth of the marine plywood market. The marine tourism sector has grown globally. With anticipated global growth rates of more than 3.5%, coastal and marine tourism is projected to be the largest value-adding segment of the ocean economy by 2030, at 26%. The demand in applications such as stringers, floor, transom and boat cabinetry, walls, and seating has also increased. All these factors combined are expected to drive the marine plywood market significantly. Major players in the marine plywood market report are UPM Plywood, Potlatch Corporation, Roseburg, Greenply Industries, Mampilly Plywood Industries, SVEZA, JishengTocho, Joubert Plywood, Asia Plywood Company, Samling, Austral Plywoods, Bahar Timber, Van Styn, Anchor Marine Plywood, TaiNuoPlywoods, Consmos, Asia Plywood Company, Demidovo Plywood Mill, BELLOTTI, Modak Ply, Swanson Group, Compensati TORO, and wolstenholme. The advancement of marine plywood in rooftops and doors is the key trend being followed by companies in the marine plywood market. Marine plywood performs well in humid and wet conditions which can often result in increasing the durability as well as the structural strength of any construction. This is why the presence of marine plywood in building rooftops and doors in residential spaces is continuously increasing. Marine plywood is characterized by improved structural strength, lightweight nature, enhanced durability, and excellent resistance to warping, bending, and delamination. It is an excellent material to perform amidst humid and wet conditions. It is not treated with chemicals and is composed of several faces and core veneers that further aid in minimizing the gaps between the sheets. As a result, it is commonly utilized for building boats and ships. Apart from this, it can also be employed in the production of outdoor furniture in coastal regions and multiple residential and commercial applications. In August 2020, Patrick Industries, Inc. acquired Inland Plywood Company, a premier supplier, laminator, and wholesale distributor of treated, untreated, and laminated plywood, medium density overlay panels, and other specialty products, primarily serving the marine market as well as the recreational vehicle and industrial markets. Inland is headquartered in Pontiac, Michigan with an additional facility located in Cocoa, Florida. Europe was the largest region in the marine plywood market in 2022. The regions covered in the marine plywood market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the marine plywood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The marine plywood market consists of sales of high-density overlay and medium-density overlay. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The marine plywood market research report is one of a series of new reports from The Business Research Company that provides marine plywood market statistics, including marine plywood industry global market size, regional shares, competitors with a marine plywood market share, detailed marine plywood market segments, market trends and opportunities, and any further data you may need to thrive in the marine plywood industry. This marine plywood market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wood coating refer to a type of substance applied on a wooden surface to protect it from harm caused by various natural and man-made environments. Wood coatings make it easy to clean and disinfect wood. It also aids in the closure of pores that can serve as bacterial breeding grounds. Coatings are the final phase in the wood finishing process and provide a pleasing appearance to wooden surfaces while allowing them to last longer and increase durability. The main types of wood coatings are preservative wood coatings, stain wood coatings, and shellac wood coatings. Shellac is a warm-colored wood finish that is simple to apply with a rag, brush, or sprayer. It dries quickly, allowing multiple coats to be applied in a single day. Shellac is an ancient natural finish. Wood coatings also include water-borne wood coatings, solvent-borne wood coatings, and powder wood coatings. These wood coatings are applied on furniture, cabinets, siding, flooring, and other applications. The global wood coating market is segmented - 1) By Type: Preservative Wood Coatings, Stain Wood Coatings, Shellac Wood Coatings 2) By Product Type: Water Borne Wood Coatings, Solvent-Borne Wood Coatings, Powder Wood Coatings 3) By Application: Furniture, Cabinets, Siding, Flooring, Other Applications The global wood coating market size grew from $10.13 billion in 2022 to $10.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global wood coating is expected to grow to $14.32 billion in 2027 at a CAGR of 7.1%. The rise in the construction of new homes and house modifications are expected to propel the growth of the wood coating market. The rising demand for housing is increasing due to increasing population, rapid urbanization, economic/infrastructure development, favorable government policies/schemes for housing, and others. This rise in the construction of new homes and house modifications will create a significant demand for wood materials with wood coatings to be used in these new and modified residential homes. Wood coatings offer a desirable appearance while ensuring a long life of wooden materials used in homes. For instance, according to the new residential construction statistics released in February 2022 by the US Census Bureau and the US Department of Housing and Urban Development, in the USA, privately-owned housing starts in February 2022 reached 1,769,000 from 1,447,000 housing starts rate in February 2021, showing an increase of 22.3%. According to the Census Bureau's new residential construction report, housing starts rose at 6.8% over February on a seasonally adjusted basis to a rate of 1.77 million annualized units. Thus, the rise in the construction of new homes and house modifications will drive the growth of the wood coating market. Major players in the wood coating market are Akzo Nobel NV, Axalta Coating Systems, BASF SE, Benjamin Moore & Co Inc., Brillux GmbH & Co KG, Diamond Vogel, ICA Group, IVM Chemicals SRL, Jotun, Kansai Paint Co Ltd., KAPCI Coatings, Drywood Coatings BV, Helios Coatings GmbH and Hempel A/S. Eco-friendly wood coating is a key trend gaining popularity in the wood coating market. Eco-friendly coatings are made of natural/eco-friendly substances and are not harmful to the environment. Eco-friendly coatings either contribute to green living practices such as resource conservation or avoid contributing to pollution. Waxes, oils, and shellac are the most popular non-toxic, eco-friendly wood finishes on the market. Key players are focusing on offering eco-friendly wood coatings to minimize environmental impact and gain a competitive edge in the market. For instance, Centurion Wood Coatings, a US-based wood coatings company offers a range of Water-Based Coatings that are eco-friendly and provide exceptional performance with significant clarity, wood warmth, and durability. Centurion Water-Based Coatings can be applied to a variety of wood surfaces including furniture, cabinetry, wood floors, high-end architectural millwork, and all other interior wood applications. These have benefits such as non-flammability, low odor, ease of handling, and water clean-up. In March 2022, Gemini Coatings, a US-based wood coatings manufacturing company acquired Lenmar Wood Finishes & Coatings from Benjamin Moore for an undisclosed amount. With this acquisition, Gemini strengthens its mission of providing exceptional service, dependable product quality, and trusted expertise. Gemini by acquiring Lenmar will be better positioned to provide a world-class customer experience due to its dedicated employee-owners focus on the wood coatings market. Lenmar Wood Finishes & Coatings is a wood coating solution brand of Benjamin Moore, a US-based paint and coating manufacturing company. Asia-Pacific was the largest region in the wood coating market in 2022. Asia-Pacific is expected to be the fastest-growing region in the wood coating market report during the forecast period. The regions covered in the wood coating industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wood coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The wood coating market consists of sales of penetrating finishes and surface finishes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood coating market research report is one of a series of new reports from The Business Research Company that provides wood coating market statistics, including wood coating industry global market size, regional shares, competitors with a wood coating market share, detailed wood coating market segments, market trends and opportunities, and any further data you may need to thrive in the wood coating industry. This wood coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Wood preservatives are chemicals that can control wood degradation problems due to fungal rot or decay, sapstain, molds, or wood-destroying insects. It is mainly used to increase the durability and resistance of wood, timber, wood structures, or engineered wood. The main types of formulations in the wood preservative market are water-based, solvent-based, and oil-based. Water-based preservatives are widely used for fence posts, lumber, plywood, poles, pilings, and timbers to prevent fungal decay and insect attack. Solvent-based preservatives are composed of approximately 10% active ingredient and 90% organic solvent, which is usually white spirit or other petroleum-based hydrocarbons. Oil-based or oil-borne preservatives are generally insoluble in water, so they are dissolved in petroleum or other organic solvents to penetrate the wood. These are used by various sectors, including residential, commercial, and industrial. Wood preservatives are used in cabinets and decks, doors and windows, wood flooring, railroad ties, and others. The global wood preservatives market is segmented - 1) By Formulation: Water-Based, Solvent-Based, and Oil-Based 2) By End User: Residential, Commercial, or Industrial 3) By Application: Cabinets and Decks, Doors & Windows, Wood Flooring, Railroad Ties, Other Applications The global wood preservatives market size grew from $1.77 billion in 2022 to $1.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global wood preservatives is expected to grow to $2.37 billion in 2027 at a CAGR of 5.9%. An increase in demand for wood in various applications is expected to drive the market growth of wood preservatives during the forecast period. Due to the increase in population and industrialization, the demand for wood products is growing across the globe. Wood is a rich source of energy, housing, firewood, timber, and fodder; therefore, the demand for wood is improving from various applications such as construction, pulp and paper, furniture, and others. For instance, in September 2021, according to a report published by the International Tropical Timber Organization, a Japan-based intergovernmental organization for the conservation of tropical forest resources, the demand for wood by "plywood and other wood-based industries" is expected to increase sharply from 15 million m3 in 2021 to more than 57 million m3 in 2030. The furniture industry's demand for roundwood is expected to rise at a slower rate, from 9 million m3 in 2021 to around 13 million m3 in 2030. Thus, the growing demand for wood in various applications increases the demand for wood preservatives, thereby driving the market. Major players in the wood preservatives market are BASF Wolman, Lanxess, Lonza, Kurt Obermeier GmbH & Co. KG, Jubilant, Troy Corporation, Remmers Gruppe AG, KMG Chemicals Inc., Koppers Inc., Borax Inc., Dattashri Enterprises, Januaryssen Global Services LLC, Cooper Care Wood Preservatives Inc., Advanced Agriresearch Limited, Osmose Inc., Nisus Corporation, Quality Borate LLC, and Buckman Laboratories International Inc. Major players operating in the wood preservatives market are continuously investing in research and development (R&D) activities to manufacture eco-friendly wood preservatives, which is a key trend in the wood preservatives market. Considering the environmental rules and regulations, the wood preservative manufacturers are developing natural or eco-friendly wood preservatives so that they will be less harmful to the environment. For instance, UltraPole NXT, developed by Viance, was awarded the R&D 100 2020 Award for its sustainable solution. The active ingredient DCOI (4,5-Dichloro-2-n-octyl-4-isothiazolin-3-one) does its job as a highly effective wood preservative. DCOI that enters the environment degrades rapidly. In February 2020, LANXESS, a Germany-based specialty chemicals company, acquired Itibanyl Produtos Especiais Ltda. (IPEL) for an undisclosed amount. The acquisition will strengthen LANXESS's position in antimicrobial active ingredients and formulations. The product portfolio of IPEL also includes preservatives and fungicides for process control in water treatment as well as active ingredients for disinfection and cleaning agents. Itibanyl Produtos Especiais Ltda. (IPEL) is a Brazil-based manufacturer and producer of agriculture chemicals. In 2022, North America was the largest region in the wood preservatives market. This region is expected to continue to be the fastest-growing region in the wood preservatives market report during the forecast period. The regions covered in the wood preservatives industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the wood preservatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The wood preservatives market consists of sales of water-based technologies for wood preservation, including chromated copper arsenate and micronized copper systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood preservatives market research report is one of a series of new reports from The Business Research Company that provides wood preservatives market statistics, including wood preservatives industry global market size, regional shares, competitors with a wood preservatives market share, detailed wood preservatives market segments, market trends and opportunities, and any further data you may need to thrive in the wood preservatives industry. This wood preservatives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wood products refer to a collective term for all the goods and furniture manufactured from wood, including tables, chairs, beds, sofas, countertops, cutting boards, and other products. The main types of wood products are finished wood products, wood processing, and manufactured wood materials. Wood processing is a technical discipline that includes the manufacture of forest goods including pulp and paper, building components, and tall oil. The different applications include residential and commercial. The products are distributed through offline and online channels. The global wood products market is segmented – 1) By Type: Finished Wood Products, Wood Processing, Manufactured Wood Materials 2) By Application: Residential, Commercial 3) By Distribution Channel: Offline, Online Subsegments Covered: Millwork, Wood Pallets & Skids, Prefabricated Home, Other Finished Wood Products, Sawmills, Wood Preservation, Reconstituted Wood, Plywood, Veneer Sheets The global wood products market size will grow from $696.78 billion in 2022 to $748.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of wood products is expected to grow to $964.41 billion in 2027 at a CAGR of 6.6%. Faster Economic Growth - The wood products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth reached 3.3% in 2021 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period. Major companies in the wood products market include Weyerhaeuser Company, LIXIL Group, UFP Industries Inc., JELD-WEN Inc., West Fraser Timber Co. Ltd., Canfor Corporation, CELULOSA ARAUCO Y CONSTITUCIÓN S.A., Louisiana-Pacific Corporation, upm-kymmene oyj and Builders FirstSource. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the wood products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the wood products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies have implemented their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used. For instance, the Forest Stewardship Council, a leading non-profit organization has developed Online Claims Platform for providing timely information about the FSC's products and the companies that produce them for free of charge to FSC Certificate holders. This enables digital connection between FSC-certified suppliers and customers. Asia-Pacific was the largest region in the wood products market in 2022. North America was the second largest region in the wood products market share. The regions covered in the wood products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wood products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The wood products market consists of sales of solid-wood products, pulp and paper products, plywood, timbers, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood products market research report is one of a series of new reports from The Business Research Company that provides wood products market statistics, including wood products industry global market size, regional shares, competitors with a wood products market share, detailed wood products market segments, market trends and opportunities, and any further data you may need to thrive in the wood products industry. This wood products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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. 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. The global manufactured wood materials market is segmented – 1) By Type: Reconstituted Wood, Plywood, Veneer Sheets 2) By Application: Residential, Commercial 3) By Type of Wood Plant: Teak, Oak, Other Types of Wood Plants The global manufactured wood materials market size will grow from $262.86 billion in 2022 to $283.45 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of manufactured wood materials market is expected to grow to $371.84 billion in 2027 at a CAGR of 7.0%. 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. Major companies in the manufactured wood materials market include Weyerhaeuser Company, CELULOSA ARAUCO Y CONSTITUCIÓN S.A., Louisiana-Pacific Corporation, Norbord Inc., Patrick Industries Inc., Boise Cascade Company UFP Industries Inc., PotlatchDeltic Corporation, upm-kymmene oyj, and GreenPly Industries Ltd. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the manufactured wood materials market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the manufactured wood materials market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. 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. Asia-Pacific was the largest region in the manufactured wood materials market in 2022. North America was the second largest region in the manufactured wood materials market share. The regions covered in the manufactured wood materials market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the manufactured wood materials market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The market for manufactured wood materials consists of sales of laminated veneer lumber, Glulam, Oriented Strand Boards, pinewood, and spruce wood. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The manufactured wood materials market research report is one of a series of new reports from The Business Research Company that provides manufactured wood materials market statistics, including manufactured wood materials industry global market size, regional shares, competitors with a manufactured wood materials market share, detailed manufactured wood materials market segments, market trends and opportunities, and any further data you may need to thrive in the manufactured wood materials industry. This manufactured wood materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wood adhesives are utilized to bind wooden materials with each other or with diverse materials. Wood adhesives are polymeric compounds capable of reacting with the surface of the wood in such a way that stresses are passed between bonded parts, either physically, chemically, or both. Wood adhesives are commonly used to manufacture building materials such as plywood and other laminated veneer products, particleboard, oriented strand board, fiberboard, laminated beams and timbers, edge- and enjoined products, architectural doors, windows, and frames, and fiberglass insulation. The main products of wood adhesives are urea-formaldehyde, melamine-urea-formaldehyde, phenol-formaldehyde, isocyanates, polyurethane, polyvinyl acetate, soy-based, and others. Urea-formaldehyde is one of the most important formaldehyde resin adhesives. It is a polymeric condensation product of formaldehyde and urea and is widely used for the manufacture of wood-based composite panels. The different technologies include solvent-based, water-based, and others and involve various types of resins, such as natural and synthetic. It is used in several applications, including flooring and decks, plywood, furniture, cabinets, windows and doors, and others. The global wood adhesives market is segmented - 1) By Product: Urea-formaldehyde, Melamine urea-formaldehyde, Phenol-formaldehyde, Isocyanates, Polyurethane, Polyvinyl acetate, Soy-based, Other Products 2) By Technology: Solvent-Based, Water-Based, and Other Technologies 3) By Resin Type: Natural, Synthetic 4) By Application: Flooring and Decks, Plywood, Furniture, Cabinets, Windows and Doors, and Other Applications The global wood adhesives market size grew from $4.81 billion in 2022 to $5.16 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global wood adhesives is expected to grow to $6.48 billion in 2027 at a CAGR of 5.9%. The significant increase in spending of consumers on home decorative and luxury furniture products is expected to drive the growth of the wood adhesives market going forward. Wood adhesives are used for most wood joinery purposes and are an effective assembly choice for home decor and wooden furniture. Despite major supply chain challenges, luxury furniture and home goods retailer RH remains optimistic that robust consumer spending will continue as the business strives to position itself beyond curating and selling objects and towards conceiving and selling settings. For instance, RH's net revenue in the second quarter of 2021 was $989 million, up 39% from the previous year and 40% from the second quarter of 2019. RH currently expects its full-year sales in 2021 to grow by 31% to 33%, up from previous predictions of 25% to 30%, based on the stability of the business. As a result, the increase in consumer spending on home decorative and luxury furniture products drives the growth of the wood adhesives market. Major players in the wood adhesives market are Henkel AG & Co., H.B. Fuller, 3M, Sika AG, The Dow Chemical Company, AkzoNobel N.V., Bostik, Pidilite Industries, Huntsman Corporation, Arkema, Jubilant Industries, Aica Kogyo Company Limited, Avery Dennison, Adhesives Research Inc., and W.F. Taylor. Strategic collaborations are shaping the wood adhesives market. Strategic collaborations provide manufacturers of wood adhesives with a broader distribution range, which aids in market growth. For instance, in June 2021, to meet the increased demand for adhesive applications in the B2B woodworking industry, HB Fuller signed a distribution deal with Jubilant Agri and Consumer Products, a 100% subsidiary of Jubilant Industries. This strategic partnership will help HB Fuller expand the reach of its high-performing adhesive solutions across a variety of technologies, including water-based, hot melt moisture cures, and polyurethanes, to better meet customers' specific adhesion and sustainability needs while also providing access to global experts and local expertise, service, and technical support. Furthermore, in April 2021, Innovative Chemical Products Group (ICP Group) acquired Choice Adhesives. With the acquisition of Choice Adhesives to the ICP BSG family, the ICP BSG family will be able to effectively support its professional clients in the roofing adhesive sector. In August 2021, Arkema, a France-based specialty chemicals and advanced materials company, acquired Ashland performance adhesives for $1.65 billion. This acquisition aligns with the Arkema Group’s ambition to become a pure specialty materials player by 2024 and focus its development on sustainable and high-performance solutions. Ashland Global is a US-based chemical company that manufactures wood adhesives. Asia-Pacific was the largest region in the wood adhesives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the wood adhesives market report during the forecast period. The regions covered in the wood adhesives industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the wood adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The wood adhesives market consists of sales of cyanoacrylates and epoxy wood adhesives. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood adhesives market research report is one of a series of new reports from The Business Research Company that provides wood adhesives market statistics, including wood adhesives industry global market size, regional shares, competitors with a wood adhesives market share, detailed wood adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the wood adhesives industry. This wood adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wood processing refers to numerous techniques that make use of raw wood to produce materials or supplies that are used as the raw materials in the production of a variety of wood-based products, in which chemicals and other additives are frequently added as part of operations to help prepare the raw wood for usage. The main wood processing types are sawmills and wood preservation. Wood preservation is referred as the pressure or thermal impregnation of chemicals into wood. Long-term resistance to fungus, bacteria, insects, and marine borers is achieved by this procedure. The different sectors include residential, commercial, infrastructural, other end-user industries. The global wood processing market is segmented – 1) By Type: Sawmills, Wood Preservation 2) By End-user Industry: Residential, Commercial, Infrastructural, Other End-user Industries The global wood processing market size will grow from $142.89 billion in 2022 to $152.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of wood processing is expected to grow to $195.18 billion in 2027 at a CAGR of 6.3%. The wood processing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period. Major companies in the wood processing market include West Fraser Timber Co. Ltd., Canfor Corporation, upm-kymmene oyj, UFP Industries, Inc., Interfor Corporation, Sierra Pacific Industries, Inc., Koppers Inc., Northwest Hardwoods, Inc., Svenska Cellulosa Aktiebolaget, and Marubeni. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the wood processing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the wood processing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies are implementing their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used. For instance, the Forest Stewardship Council, a leading non-profit organization has developed Online Claims Platform for providing timely information about the FSC’s products and the companies that produce them for free of charge to the FSC Certificate holders. This enables digital connection between FSC certified suppliers and customers. Asia-Pacific was the largest region in the wood processing market in 2022. North America was the second largest region in the wood processing market share. The regions covered in the wood processing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wood processing market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The wood processing market includes revenues earned by entities by producing sawdust and a collection of bark, branches, and leaves or needles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood processing market research report is one of a series of new reports from The Business Research Company that provides wood processing market statistics, including wood processing industry, global market size, regional shares, competitors with a wood processing market share, detailed wood processing market segments, market trends and opportunities, and any further data you may need to thrive in the wood processing industry. This wood processing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.