September 14, 2023 09:03 ET | Source: Research and Markets Research and Markets
Dublin, Sept. 14, 2023 (GLOBE NEWSWIRE) -- The "Wood Based Panels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. Thick Particle Board
The global wood-based panels market has witnessed significant growth, reaching US$ 165.2 billion in 2022, with further expansion projected. By 2028, the market is expected to soar to US$ 236.8 billion, showcasing a robust compound annual growth rate (CAGR) of 6% during the forecast period from 2023 to 2028.
Wood-based panels, including particleboard, medium-density fiberboard (MDF), high-density fiberboard (HDF), plywood, softboard, hardboard, and oriented strand board (OSB), are made from various wood materials such as chips, strips, veneers, strands, or fibers.
These panels offer cost-efficiency and durability, making them indispensable in the construction, packaging, and shipping industries globally. Their moisture and temperature resistance, along with enhanced shape stability compared to solid wood furniture, have fueled their demand.
Market Trends and Growth Drivers:
Several key trends and growth drivers are shaping the wood-based panels market:
The report offers a comprehensive analysis of the global wood-based panels market, including segmentation by product type, distribution channel, application, and region.
The report provides regional insights for key markets, including:
The competitive landscape of the wood-based panels industry has been analyzed, featuring profiles of key players. Leading companies in the market include Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holding Co. Ltd., Kastamonu Entegre, Louisiana-Pacific Corporation, Sonae Arauco, Starbank Panel Products Ltd., West Fraser Timber Co. Ltd., and Weyerhaeuser Company.
For more information about this report visit https://www.researchandmarkets.com/r/vqwow9
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