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 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. The global wood products market grew 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 wood products market 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. 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. 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. 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. The regions covered in the wood products report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wood products market 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 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

Metal products refer to a type of product that has properties including a high melting point, high density and tensile strength, high light reflectivity, malleability, and ductility, as well as strong electrical and thermal conductivity, and is generally formed by processes including turning, drilling, milling, shaping, planing, broaching, and sawing. The main types of metal products are forged and stamped goods, cutlery and hand tools, architectural and structural metals, boiler, tank, and shipping container, hardware, spring and wire products, machine shops, turned product, and screw, nut, and bolt, coated, engraved, and heat-treated metal products, metal valves, and other fabricated metal products. The spring and wire refer to the metal products that are used in home bedding and seating. The metal types are aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and other metal types. These are used in construction, manufacturing, and other end users. The metal products market research report is one of a series of new reports from The Business Research Company that provides metal products market statistics, including metal products industry global market size, regional shares, competitors with a metal products market share, detailed metal products market segments, market trends and opportunities, and any further data you may need to thrive in the metal products industry. This metal 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. The global metal products market grew from $2632.6 billion in 2022 to $2851.45 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. 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 metal products market is expected to grow to $3807.64 billion in 2027 at a CAGR of 7.5%. The metal products market has benefitted from the rapid growth in the automotive industry during the historic period. For instance, steel, aluminium and magnesium are some of the metals commonly used in the automotive industry for manufacturing body panels, engines, transmissions and numerous other parts. For instance, according to the India brand equity foundation, automobiles production increased at 2.36% CAGR between FY20 with 26.36 million vehicles being manufactured in the country. The net domestic automobiles sales increased at 1.29% CAGR in FY20 with 21.55 million vehicles that have been sold. Therefore, the rise in demand for automobiles during this period positively impacted the metal products manufacturing market. Many developed and developing economies are considering imposing restrictions on free trade. Post-Brexit, trade restrictions between the UK and other European countries are likely to increase. The US government has repealed the North American Free Trade Agreement (NAFTA) that created a trilateral trade bloc in North America. These changes can widen the trade competition between countries and reverse the trend towards global free trade. This will affect the demand for metal products, restricting the growth of the market. Many metal products companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. Major companies in the metal products market include Stanley Black & Decker Inc., Ball Corporation, Berkshire Hathaway Inc., Techtronic Industries Co. Ltd., Parker-Hannifin Corporation, ArcelorMittal S.A, Assa Abloy AB, China International Marine Containers Group) Ltd., General Electric Company, and Procter & Gamble. The Asia-Pacific was the largest region in the metal products market in 2022. Western Europe was the second-largest region in the metal products market. The regions covered in the metal products report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal products market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, 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, Ukraine, USA, Vietnam. The metal products market consists of sales of bars, rods, bolts, pipe fittings, and automotive parts. 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 global metal products market is segmented - 1) By Type: Forged and Stamped Goods, Cutlery and Hand Tools, Architectural and Structural Metals, Boiler, Tank, and Shipping Container, Hardware, Spring and Wire Products, Machine Shops, Turned Product, and Screw, Nut, and Bolt, Coated, Engraved, and Heat Treated Metal Products, Metal Valves, Other Fabricated Metal Products 2) By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Other Metal Types 3) By End User: Construction, Manufacturing, Other End Users Subsegments Covered: Iron and Steel Forged Goods, Nonferrous Forged Goods, Custom Roll Formed Goods, Powder Metallurgy Parts, Metal Crown, Closure, and Other Metal Stamped Goods, Metal Kitchen Cookware, Utensil, Cutlery, and Flatware, Saw Blade and Hand tool, Plate Work and Fabricated Structural Products, Ornamental and Architectural Metal Products, Power Boiler and Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, and Other Metal Container (Light Gauge), Furniture Hardware, Motor Vehicle Hardware, Builder's Hardware, Other Hardware, Springs, Other Fabricated Wire Products, Machine Shops, Turned Product and Screw, Nut, and Bolt, Heat Treated Metal Products, Coated, Engraved Metal Products and Allied Services to Manufacturers, Electroplated, Plated, Polished, Anodized, and Colored Metal Products, Industrial Valves, Fluid Power Valve and Hose Fitting, Plumbing Fixture Fitting and Trim, Other Metal Valve and Pipe Fitting, Ball and Roller Bearing, Fabricated Pipe and Pipe Fitting, All Other Miscellaneous Fabricated Metal Products

The metal working machinery refers to machines that work by electricity for performing different actions on metals including sanding, knurling, drilling, boring, facing, threading as well as turning. Metalwork is defined as a process of working with metals in order to create individual parts, assemblies, and large structures. The main types of metalworking machinery are special die and tool, die set, jig, and fixture, machine tool, industrial mold, rolling mill, and other metalworking machinery, and cutting tool and machine tool accessory. Industrial mold refers to the molding or shaping of a liquid or raw material. The various cAsia-Pacificity includes small, medium, and large. These are used in automotive, manufacturing, and other applications. The metal working machinery market research report is one of a series of new reports from The Business Research Company that provides metal working machinery market statistics, including metal working machinery industry global market size, regional shares, competitors with a metal working machinery market share, detailed metal working machinery market segments, market trends and opportunities, and any further data you may need to thrive in the metalworking machinery industry. This metal working machinery 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 global metalworking machinery market grew from $252.93 billion in 2022 to $271.38 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 metalworking machinery market is expected to grow to $346.97 billion in 2027 at a CAGR of 6.3%. The metal working machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also 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. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the metalworking machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity 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. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the metalworking machinery 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. Machinery manufacturers are offering advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools like lathes, mills, routers, and grinders. The 6-axis CNC machine converts a raw metal bar into the final product by turning from both ends of the fixture. This offers high-quality products while minimizing errors. CNC milling helps in the short-run production of complex parts and the fabrication of unique precision components. Major companies manufacturing 6-axis CNC milling are Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, and IMSA. Major companies in the metalworking machinery market include Sandvik AB, Berkshire Hathaway Inc., TRUMPF Group, Mitsubishi Heavy Industries Ltd., Amada Co. Ltd., Toyota Tsusho, Colfax Corporation, Fanuc Corp, Okuma Corporation, and Taiyo Nippon Sanso Corporation. The Asia-Pacific was the largest region in the metalworking machinery market in 2022. Western Europe was the second largest region in the metalworking machinery market. The regions covered in the metal working machinery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metalworking machinery market include 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 metal working machinery market consists of sales of various kinds of metal working machines available in different forms, including lathes, milling machines, and planers. 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 global metalworking machinery market is segmented - 1) By Type: Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory 2) By Capacity: Small, Medium, Large 3) By Application: Automotive, Manufacturing, Other Applications Subsegments Covered: Dies, Stamping and Other Tools, Jigs and fixtures, Metal Cutting Tools, Metal Forming Tools, Metal Molds, Other Material Molds, Wire Drawing and Fabricating Machinery, Coil Winding and Cutting Machinery, Rolling Mill Machines, Other Rolling Mill And Other Metalworking Machinery, Metalworking Knives And Bits, Measuring Attachments, Metalworking Drill Bits, Machine Tool Taps And Dies

Woodworking machines are specially designed machines that are used in workshops to cut, saw, plane, or drill wood for the production of furniture.These machines are primarily powered by electric motors or are mechanical and are widely used in woodworking to provide fine dimensions and shapes. The woodworking machinery converts raw wood materials into structural products including plywood, boards, and beams for use in construction, shipbuilding, furniture, and others.  The main types of products in woodworking machinery are thickness planers, grinding machines, chain or chisel mortises, routers, wood lathes, and others. Thickness planers are used to chisel wood from the surface of boards to either make rough surfaces flat and smooth or reduce their thickness. The different operating principles include mechanical, and electrical and are available in both online and offline sales channels. It is implemented in various verticals, including the furniture industry, construction industry, and others. The woodworking machinery market research report is one of a series of new reports from The Business Research Company that provides woodworking machinery market statistics, including woodworking machinery industry global market size, regional shares, competitors with a woodworking machinery market share, detailed woodworking machinery market segments, market trends and opportunities, and any further data you may need to thrive in the woodworking machinery industry. This woodworking machinery 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 global woodworking machinery market size is expected to grow from $28.18 billion in 2022 to $30.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. 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 woodworking machinery market is expected to reach $39.26 billion in 2027 at a CAGR of 6.7%. The increasing adoption of the automated woodworking machinery market is expected to propel the growth of the woodworking machinery market in the forecast period. The growing emphasis in the industry on assuring flexibility and highly customized goods has resulted in a greater demand for highly specialized woodworking machinery in the manufacturing process. As a result, automation technologies have been integrated into traditional woodworking equipment. For instance, in 2019, Biesse Group, an Italy-based company that provides technologies for processing wood, glass, stone, advanced material, and metal automated its 5-axis heads, a woodworking device on its manufacturing line, to minimize travel period and enhance machine accuracy on production lines. Therefore, the increasing adoption of automated woodworking machinery drives the growth of the woodworking machinery market. Technological advancements are shaping the woodworking machinery market. Major companies operating in the woodworking machinery sector are focused on developing technological solutions for woodworking machinery to satisfy the rising market demand. For instance, in April 2020, Walter, a Germany-based machine industry launched Helitronic Raptor Diamond, an eroding and grinding machine. The Helitronic Raptor Diamond is equipped with Fine Pulse Technology. For wood or metal tools, the Helitronic Raptor Diamond offers maximum flexibility. This machine is designed for re-sharpening polycrystalline diamonds. Helitronic Raptor Diamond is not equipped with wheel/electrode changers, robot loaders, or hydraulic tool supports, unlike other machines by Walter. Major players in the woodworking machinery market are SCM Group, HOMAG Group, Paolino Bacci, Biesse Group, Michael Weinig AG, Otto Martin Maschinenbau GmbH & Co. KG, Oliver Machinery Co., Holytek Industrial Corp., IMA Schelling Group GmbH, KTCC Woodworking Machinery, Rojek Woodworking Machinery Inc., Cheng Kuang Machinery, Vigano Mario Srl, Linze Woodworking Machinery Co., Daltons Wadkin, Hermance Machine Company, and Rilesa. Asia-Pacific was the largest region in the woodworking machinery market in 2022. North America was the second-largest market in the woodworking machinery market. The regions covered in the woodworking machinery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the woodworking machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The woodworking machinery market consists of sales of surface/thickness planer, tenoning machine, chain/chisel mortiser, jig saw, grinder/grinding machine, and nail gun. 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 global woodworking machinery market is segmented - 1) By Product Type: Thickness Planer, Grinding Machines, Chain Or Chisel Mortise, Routers, Wood Lathes, Other Product Types 2) By Operating Principal: Electrical, Mechanical 3) By Sales Channel: Online, Offline 4) By End-User: Furniture Industry, Construction Industry, Other End-Users

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 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. The global wood processing market grew 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 wood processing market 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. 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. 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. 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. The regions covered in the wood processing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wood processing market 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 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 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 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. 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 wood adhesives market size 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. Strategic collaborations are shaping the wood adhesive 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. 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. 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 forecast period. The regions covered in the wood adhesives market 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 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 metalworking fluids are used to improve the workpiece's performance by constantly eliminating dust, chips, and swarfs from the tool and the workpiece's surface. Metalworking fluid (MWF) refers to a group of oils and other fluids used to cool and lubricate metal workpieces while they are being machined, crushed, or milled. Metalworking fluids (MWFs) help to avoid burning and smoking by reducing heat and friction between the cutting tool and the workpiece. The main types of metalworking fluids are mineral, synthetic and bio-based. Mineral oils are refining methods that assist in minimizing the amount of polynuclear aromatic hydrocarbons in metalworking fluids (PAHs). It is used in neat cutting oils, water cutting oils, corrosion preventive oils, others and is implemented in various verticals such as construction, electrical and power, automobile, metal fabrication, transportation equipment, others. The metalworking fluids market research report is one of a series of new reports from The Business Research Company that provides metalworking fluids market statistics, including metalworking fluids industry global market size, regional shares, competitors with a metalworking fluids market share, detailed metalworking fluids market segments, market trends and opportunities, and any further data you may need to thrive in the metalworking fluids industry. This metalworking fluids 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 global metalworking fluids market size grew from $11.49 billion in 2022 to $12.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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 metalworking fluids market size is expected to grow to $14.99 billion in 2027 at a CAGR of 5.1%. The growing automotive sector is expected to fuel the growth of the metalworking fluids market in the forecast period. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metalworking fluids, which minimize heat and friction in industrial cutting and grinding operations, are frequently utilized by automobile manufacturers in the manufacturing of car parts and other equipment. For instance, Hyundai Motor Company, a South Korea-based automotive manufacturer announced a 23.8% year-over-year rise in domestic deliveries to 52,005 units in January 2021. Moreover, according to the India Brand Equity Foundation (IBEF), in 2020, roughly 3.49 million units of commercial and passenger vehicle categories were sold in India. Therefore, the growing automotive sector drives the growth of the metalworking fluids market. The launch of new product lines is shaping the metalworking fluids market. Major companies operating in the metalworking fluids sector are focused on launching new product lines for metalworking fluids to improve product uniformity, cost, and marketability. For instance, in October 2020, Biosynthetic Technologies, a US-based manufacturer of bio based synthetic compounds, launched their new Bioceam product line of cutting-edge additives for use in metalworking fluids for the market. These innovative, environmentally friendly additives are bio based, biodegradable, non-bioaccumulative, and non-toxic and employ the patented estolide technology. The high-demanding water soluble, synthetic, and conventional oil additive applications of Biocea additives make use of Biosynthetic Technologies' exclusive estolide technology. In March 2020, DuBois Chemicals, a US-based chemical solutions provider acquired Cimcool business from Milacron, a subsidiary of Hillenbrand for a deal amount of $224 million. The acquisition is expected to provide a new set of solutions, applications experts, technical service resources to support DuBois customers, adding value by expanding the company's global presence and important segments through new applications and technical resources. Cimcool Industrial Products Inc is a US-based formulator and manufacturer of high-performance specialty metalworking fluids, including removal, forming, protective, and cleaning fluids. Major players in the metalworking fluids market are Exxon Mobil Corporation, TotalEnergies, Houghton International Inc., Henkel, Fuchs Petrolub, Quaker Chemical Corporation, Hindustan Petroleum Corporation Limited, Castrol, Lubrizol, Croda International, Royal Dutch Shell, Lukoil Oil Company, Sinopec, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Idemitsu Kosan, Cimcool Industrial Products Inc., Blaser Swisslube, Motul, Oelheld, MORESCO Corporation, QualiChem, Master Fluid Solutions, and Hardcastle Petrofer. Asia-Pacific was the largest region in the metalworking fluids market in 2022. North America was the second-largest market in the metalworking fluids market. The regions covered in the metalworking fluids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the metalworking fluids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The metalworking fluids market consists of sales of water-soluble oils and semi-synthetic fluids. 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 global metalworking fluids market is segmented - 1) By Type: Mineral, Synthetic, Bio-Based 2) By Application: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Other Applications 3) By End-Use Industry: Construction, Electrical And Power, Automobile, Metal Fabrication, Transportation Equipment, Other End-Use Industries

The metals manufacturing market consists of sales of metals by entities ((organizations, sole traders and partnerships) that operate iron and steel foundries, iron and steel mills, and/or ferroalloy manufacturing businesses, and/or entities that undertake alumina and aluminium production and processing. The main types of metal manufacturing are iron and steel mills and ferroalloy manufacturing, nonferrous metal production and processing, alumina and aluminium production and processing, foundries, and steel product manufacturing. Steel product manufacturing refers to the products rolled, formed, shaped, drawn, extruded, forged, cast, fabricated or processed, or processed by a combination of two or more or such operations, from steel made by the open heath, basic oxygen, electric furnace, Bessemer or other steel making process. The metal types are aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and other metal types. The various end-users involved are construction, manufacturing, and others. The global metal manufacturing market size is expected to grow from $3,023.2 billion in 2021 to $3,425 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global metal manufacturing market size is expected to grow to $4,542.55 billion in 2026 at a CAGR of 7.3%. Industrial robotics is gaining traction among companies in the metals industry. This is mainly because industrial robotics aids companies in reducing labour costs, improving workplace safety, and driving productivity and efficiency. Industrial robots have widespread applications in the metals industry performing tasks such as material handling, arc welding, spot welding, cutting, and press tending. According to a KPMG report, 42% of executives of global metals companies are willing to invest significantly in robotics. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. Major players in the metals manufacturing market are Arcelor Mittal, POSCO, Nippon Steel & Sumitomo Metal, JFE, and TATA Steel Group. Asia Pacific was the largest region in the metal manufacturing market in 2021. Western Europe was the second-largest region in the global metal manufacturing market. The regions covered in the global metal manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal manufacturing market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, 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, Ukraine, USA, Vietnam. The global metal manufacturing market is segmented - 1) By Type: Iron and Steel Mills and Ferroalloy Manufacturing, Nonferrous Metal Production and Processing, Alumina and Aluminum Production and Processing, Foundries, Steel Product Manufacturing 2) By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Others 3) By End-User: Construction, Manufacturing, Others Subsegments Covered: Crude Steel, Pig Iron, Ferroalloys, Nonferrous Metal (except Aluminum) Smelting and Refining, Copper Rolling, Drawing, Extruding, and Alloying, Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding, Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum), Aluminum Product Manufacturing from Purchased Aluminum, Secondary Smelting and Alloying of Aluminum, Alumina Refining and Primary Aluminum Production, Ferrous Metal Foundries, Nonferrous Metal Foundries, Iron and Steel Pipe and Tube Manufacturing, Rolling and Drawing