Plywood Market 2023 – By Type (Softwood, Hardwood), By Application (Furniture, Building And Construction, Transportation, Packaging, Other Applications), By End-User (Residential, Commercial), And By Region, Opportunities And Strategies – Global Forecast To 2032

The gum and wood chemicals refer to adhesive chemicals used to bind and protect woods. The gum and wood chemicals are produced from wood scraps, stumps, gum from live trees, and byproducts from wood pulp mills. The main products of gum and wood chemicals are gum arabic, guar gum, wood chemicals, charcoal, and tannic acid. Charcoal is defined as a black and hard material that is similar to coal and can be used as a fuel. It is formed by heating wood or other types of organic matter in the absence of air. The various end-user industries of gum and wood chemicals include commercial, industrial, and household. The main sales channels of gum and wood chemicals are direct sales and distributors. The global gum and wood chemicals market is segmented - 1) By Product Type: Gum Arabic, Guar Gum, Wood Chemicals, Charcoal, Tannic Acid 2) By End Userr: Commercial, Industrial, Household 3) By Sales Channel: Direct Sales, Distributor The global gum and wood chemicals market size will grow from $356.76 billion in 2022 to $397.08 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. 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 the global gum and wood chemicals is expected to grow from $581.54 billion in 2027 at a CAGR of 10.0%. Rising demand for gum Arabic contributed to the growth of the gum and wood chemicals market. Gum Arabic is a natural and flexible ingredient used in food, drinks, and chemical products. Gum Arabic is produced in African nations and is mainly used in the food industry. Additionally, it is used as a stabilizer, binder, and emulsifier in soft drinks, wine, and liquor. It also finds its applications in pharmaceuticals, cosmetics, printing, ceramics, photosensitive chemicals, textiles, paper, ink, paints, and adhesives. For instance, according to the Observatory of Economic Complexity (OEC), a leading data visualization tool for international trade data, in 2020, France stood as the top importer of gum Arabic with an import value of $66.9 million, followed by the United States with $53 million, Germany with $22.3 million, the UK with $18.6 million, and India with $18.2 million. Thus, the rising demand for gum Arabic contributed to the growth of the gum and wood chemicals market. Major players in the gum and wood chemicals market are Royal Oak Enterprises, Hickory Specialties, Campfire Charcoal, Abbey Color, Arizona Chemical, Borregaard Ligno Tech, Braaistar, Ceresking EcologyandTech, Deqing Yinlong Industrial, and E and C Charcoal. Government regulations affecting charcoal production are expected to limit the growth of the gum and wood chemicals market. Charcoal making involves cutting down trees that have adverse effects on the ecosystem. Diverse state agencies make regulations related to the production, use, and transition of charcoal. The Indian Forest Act, 1927 defines charcoal as a "forest produce," and according to this act, in the reserve forests, consuming, collecting, and expelling charcoal is an offense. For instance, according to Down to Earth, an India-based fortnightly magazine, in 2021, coal production declined by 3.3% to 337.52 million tons, due to the restrictions and lockdowns imposed as a result of the COVID-19 outbreak. The companies in the gum and wood chemicals market are focusing on the launch of new products to improve their product portfolio and strengthen their market position. The launch of new products enables the companies in the market to protect wood and enhance its natural beauty. For example, in January 2023, The Heubach Group, a Germany based provider of comprehensive color solutions, has launched Hostatint™ SA, a latest advanced pigment preparations for luxurious wood finishes. As such Hostatint™ SA preparations do not require special labelling, making them perfect to replace traditional dyes. The re-formulated Hostatint™ UV 100 product range is the next generation of high-performance colorants for UV cured wood coatings. In October 2020, UFP Industries Inc., a US-based wood products company acquired Fire Retardant Chemical Technologies LLC for an undisclosed amount. The acquisition added new technologies in wood chemicals to UFP Industries’ business and helps it to innovate in the future. Fire Retardant Chemical Technologies LLC is a US-based company that develops high-performance chemicals for wood preservation. Asia-Pacific was the largest region in the gum and wood chemicals market in 2022. North America was the second-largest region in the global gum and wood chemicals market share. The regions covered in the gum and wood chemicals market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the gum and wood chemicals market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The gum and wood chemicals market consists of the sales of hardwood and softwood distillation products, wood and naval stores, charcoal, natural dyestuffs, and natural tanning materials. 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 gum and wood chemicals market research report is one of a series of new reports from The Business Research Company that provides gum and wood chemicals market statistics, including gum and wood chemicals industry global market size, regional shares, competitors with a gum and wood chemicals market share, detailed gum and wood chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the gum and wood chemicals industry. This gum and wood chemicals 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.

Paper is a thin, flexible material that is typically manufactured in sheets from rags, wood, and lastics are a collection of materials, either man-made or natural, that can be molded while still soft and then hardened to keep the desired shape; rubber is a material that can be made stretchy by coagulating the milky juice of a variety of tropical plants; wood refers to the majority of the stems, branches, and roots of trees and shrubs are made of a hard fibrous substance called xylem that lies beneath the bark, and "textile" is a colloquial term for any fabric or product made by knitting, felting, or weaving. The main types of paper, plastics, rubber, wood and textile are apparel and leather products, furniture, general manufactured goods, paper products, plastics and rubber products, printing and related support activities, textile and wood products. Leather and allied product manufacturers turn hides into leather by tanning or curing them and then constructing them into finished products, as well as producing similar goods from other materials, such as leather alternatives like rubber, polymers, or textiles (excluding clothes). The different natures include organic, conventional and is distributed through various channels such as supermarkets or hypermarkets, convenience stores, e-commerce, others. The global paper, plastics, rubber, wood and textile market is segmented - 1) By Type: Apparel And Leather Products, Furniture, General Manufactured Goods, Paper Products, Plastics And Rubber Products, Printing And Related Support Activities, Textile, Wood Products 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels 3) By Nature: Organic, Conventional Subsegments Covered: Leather And Allied Products, Apparel, Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades, Jewelry And Silverware, Sporting And Athletic Goods, Doll, Toy, And Game, Office Supplies (except Paper), Sign, All Other Miscellaneous Manufactured Goods, Converted Paper Products, Unfinished Paper, Pulp Mills, Rubber Products, Plastic Products, Printing, Support Activities For Printing, Other Textile Product Mills, Fabrics, Yarn, Fiber And Thread, Home Furnishings And Floor Coverings, Textile and Fabric Finishing and Fabric Coating Mills, Finished Wood Products, Wood Processing, Manufactured Wood Materials The global paper, plastics, rubber, wood and textile market size will grow from $6573.88 billion in 2022 to $7032.76 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 global paper, plastics, rubber, wood and textile is expected to grow to $8939.16 billion in 2027 at a CAGR of 6.2%. Rapid Technological Development - Technology is expected to be a continued driver of paper, plastics, rubber, wood and textile market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as "Green Tires," where 20-30% of a vehicle's fuel consumption is related to tire performance, took off during this period. Green Tires offer wet grip, durability and low rolling resistance, reducing fuel consumption by 5-7%. Thus, technological advances which enabled improved performance, reduced fuel consumption contributed to the growth of the paper, plastics, rubber, wood and textile market. Major companies in the paper, plastics, rubber, wood and textile market include Nike Inc., Christian Dior SE, The Michelin Group, Adidas AG, Bridgestone Corporation, International Paper Company, Kimberly Clark Corporation, Rajesh Exports, Procter & Gamble and WestRock Company. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the paper, plastics, rubber, wood and textile 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 paper, plastics, rubber, wood and textile 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. Manufacturers in the plastic products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, better product quality at lower costs. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines were employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. Asia-Pacific was the largest region in the paper, plastics, rubber, wood and textile market in 2022. Western Europe was the second largest region in the global paper, plastics, rubber, wood and textile market share. The regions covered in the global paper, plastics, rubber, wood and textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the paper, plastics, rubber, wood and textile 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 paper, plastics, rubber, wood and textile market consists of sales of clothes, groceries, and wood furniture. Values in the paper, plastics, rubber, wood and textile 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 paper, plastics, rubber, wood and textile 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 paper, plastics, rubber, wood and textile market research report is one of a series of new reports from The Business Research Company that provides paper, plastics, rubber, wood and textile market statistics, including paper, plastics, rubber, wood and textile industry global market size, regional shares, competitors with a paper, plastics, rubber, wood and textile market share, detailed paper, plastics, rubber, wood and textile market segments, market trends and opportunities, and any further data you may need to thrive in the paper, plastics, rubber, wood and textile industry. This paper, plastics, rubber, wood and textile 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.

Woodworking and paper machinery refers to the equipment that deals with wood and paper products. The main types of woodworking and paper machinery are paper industry machinery and woodworking machinery. The paper industry machinery refers to the machinery that is used in making papers and creating a large amount of paper. The various machine types are forming machines, pressing machines, drying machines, sizer machines, and other types. The various Asia-Pacific is small, medium, and large. The various operation includes autonomous, semi-autonomous, and manual. The global woodworking and paper machinery market is segmented - 1) By Type: Paper Industry Machinery, Woodworking Machinery 2) By Machine Type: Forming Machines, Pressing Machines, Drying Machines, Sizer Machines, Other Machine Types 3) By Operation: Autonomous, Semi-autonmous, Manual 4) By Capacity: Small, Medium, Large Subsegments Covered: Pulp Making Machinery, Paper And Paperboard Making Machinery, Paper And Paperboard Converting Machinery, Other Paper Industry Machinery The global woodworking and paper machinery market size grew from $40.51 billion in 2022 to $43.77 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. 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 woodworking and paper machinery is expected to grow to $57.78 billion in 2027 at a CAGR of 7.2%. The increasing demand from the construction industry for wooden homes or wood-framed homes is expected to drive the woodworking and paper machinery market. Woodworking machinery is used for processing wood components such as cross-laminated timber (CLT) and laminated veneer lumber (LVL) used in wooden houses. For example, according to US based housing trade association, National Association of Home Builders (NAHB), for 2021 completions, 92% of new homes in the US were wood-framed. There were 895,000 wood-framed homes completed in 2021, which was an 8% gain over the 2020 total. Hence, the increasing demand from the construction industry is expected to drive the growth of the woodworking and paper machinery market in the forecast period. Major companies in the woodworking and paper machinery market include Mitsubishi Heavy Industries Ltd., Bobst Group SA, and Terex Corporation, Dream International Limited, Adidas, Integrity Toys Inc., JAKKS Pacific Inc., and LEGO Group. Automation is a new technology manufactured by the sawmill, and woodworking machinery manufacturers as it provides faster, efficient, and optimum production and minimizes waste. Automated sawmills and woodworking machinery perform tasks without human intervention. These automated machinery include Roundwood handling and cutting systems, fully automated debarking systems, and X-ray scanners. Western Europe was the largest region in the woodworking and paper machinery market in 2022. The Asia-Pacific was the second largest region of the global woodworking and paper machinery market share. The regions covered in the global woodworking and paper machinery industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries in the woodworking and paper 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 woodworking and paper machinery market consists of sales of circular and band sawing equipment, planning machinery, and sanding machinery, and/or manufacturing paper industry machinery for making paper and paper products, such as pulp making machinery, paper and paperboard making machinery, and paper and paperboard converting machinery. 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 woodworking and paper machinery market research report is one of a series of new reports from The Business Research Company that provides woodworking and paper machinery market statistics, including woodworking and paper machinery industry global market size, regional shares, competitors with a woodworking and paper machinery market share, detailed woodworking and paper machinery market segments, market trends and opportunities, and any further data you may need to thrive in the woodworking and paper machinery industry. This woodworking and paper machinery market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Furniture refers to a collective term for the goods made up of wood, plastic, and rubber that are used in a room for sitting, lying down, or storing items, such as tables, seats, beds, desks, dressers, and cupboards. Unlike less expensive woods like plywood, particleboard, and fiberboard, hardwood tabletops, desktops, and shelves won't slump over time. The main types of furniture are institutional and office furniture, household furniture, and kitchen cabinet, mattresses, blinds and shades. Household furniture refers to all mobile, compactable goods or machinery used to furnish a home, such as chairs, tables, sofas, mattresses, and so on. The different types of materials include metal, wood, others and is distributed through various channels such as exclusive showrooms, online, hypermarkets, others. The global furniture market is segmented - 1) By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades 2) By Type of Material: Metal, Wood, Other Materials 3) By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Other Distribution Channels Subsegments Covered: Institutional Furniture, Office Furniture, Household Furniture, Kitchen Cabinet, Mattresses, Blind And Shade The global furniture market size will grow from $691 billion in 2022 to $739.44 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 global furniture is expected to grow to $935.9 billion in 2027 at a CAGR of 6.1%. Increasing demand for online shopping is expected to help the furniture manufacturing 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 furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography. Major companies in the furniture market include Ashley Furniture Industries Inc., Tempur Sealy International, Inc., Hunter Douglas N.V., Leggett & Platt Incorporated, Steelcase Inc., Haworth Inc., Herman Miller Inc., Masco Corporation, Man Wah holdings and Sleep Number company. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the furniture 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 furniture 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 Furniture manufacturers are investing in augmented reality technologies to help sales representatives present their products and customers in decision-making. Augmented reality mobile applications allow customers to place a virtual 3D model of furniture in a real room in real-time. This also helps customers view the furniture from all angles and positions. For instance, IKEA’s augmented reality application Place allows customers to preview over 2,000 pieces of furniture at home before purchasing them. Asia-Pacific was the largest region in the furniture market in 2022. Western Europe was the second largest region in the furniture market share. The regions covered in the furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furniture 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 furniture market consists of sales of commercial furniture, domestic furniture, wood, and plastic. 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 furniture market research report is one of a series of new reports from The Business Research Company that provides furniture market statistics, including furniture industry global market size, regional shares, competitors with a furniture market share, detailed furniture market segments, market trends and opportunities, and any further data you may need to thrive in the furniture industry. This furniture 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.

Finished wood products refers to products made from a tough fibrous material that, in essence, is xylem and makes up the majority of a tree or shrub's stems, branches, and roots behind the bark. These include wood products such as wooden windows and doors, cabinets, kitchenware, wooden mobile homes, and other products. The main types of finished wood products are millwork, prefabricated home, wood pallets & skids, and other finished wood products. Prefabricated homes, usually known as prefabs, are specialized dwelling kinds of prefabricated buildings which are produced off-site in beforehand, typically in standard components that can be readily shipped and installed. The products are distributed through online and offline channels. The different applications include household and commercial applications. The global finished wood products market is segmented – 1) By Type: Millwork, Prefabricated Home, Wood Pallets & Skids, Other Finished Wood Products 2) By Distribution Channel: Offline, Online 3) By Application: Household, Commercial Subsegments Covered: Wood Window And Door, Cut Stock, Resawing Lumber, And Planning, Other Millwork (including Flooring) The global finished wood products market size will grow from $291.03 billion in 2022 to $311.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 finished wood products is expected to grow to $397.38 billion in 2027 at a CAGR of 6.3%. The finished wood products manufacturing market is expected to benefit from the steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 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, and foreign direct investments in the end-user markets, thereby driving the growth of the finished wood products market during the forecast period. Major companies in the finished wood products market include LIXIL Group, JELD-WEN Inc., Builders FirstSource, Masonite International Corporation, NCI Building Systems Inc., UFP Industries Inc., Stora Enso Oyj, Cavco Industries Inc., Western Forest Products Inc., and Nature Home Holding Company Limited. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the finished wood products 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 finished wood products 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. Companies in the finished wood products market are using 3D printing to develop lightweight structural as well as non-structural wooden products. 3D printing creates a three-dimensional physical object using a digital design. The technology creates three-dimensional objects using models that are constructed using a brown, very fine, granular powder made from wood chips. 3D printing is used to manufacture wooden products with complex geometries quickly and at a low cost. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design, and reduces wastage of materials, thus indicating high potential for this technology. For instance, in March 2021, JK Cement, an India-based cement manufacturing company, launched JKC Wood Amore. JK Wood is an Italian wood finish that is designed to provide a good finish, appealing aesthetics, and higher durability for wood surfaces. Asia-Pacific was the largest region in the finished wood products market in 2022. Western Europe was the second largest in the global finished wood products market share. The regions covered in the finished wood market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the finished 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 finished wood products market consists of sales of lacquer, alkyd, polyurethane, acrylic, shellac, and resins through retail sales and direct sales. 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 finished wood products market research report is one of a series of new reports from The Business Research Company that provides finished wood products market statistics, including finished wood products industry, global finished wood products market size, regional shares, competitors with a finished wood products market share, detailed finished wood products market segments, finished wood products market trends and opportunities, and any further data you may need to thrive in the finished wood products industry. This finished 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 Market Definition