The "Plywood - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis and the looming economic recession, the Plywood market worldwide will grow by a projected US$34.8 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 7.9%. Hardwood, one of the segments analyzed and sized in this study, is forecast to grow at over 8.2% and reach a market size of US$58.8 Billion by the end of the analysis period.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Hardwood market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 5.6% CAGR. Within Europe, Germany will add over US$886.3 Million to the region's size over the next 7 to 8 years. In addition, over US$818.4 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Hardwood segment will reach a market size of US$2.4 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Plywood market.
Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 14.1% over the next couple of years and add approximately US$10.2 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Plywood market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
Boise Cascade Company
Century Plyboard (India) Ltd.
Eksons Corporation Bhd
Greenply Industries Limited
Jaya Tiasa Holdings Berhad
Linyi Junli Wood Products Co. Ltd.
Linyi Sanfortune Wood Co. Ltd.
Sarda Plywood Industries Limited
SDS Lumber Company
Subur Tiasa Holdings Berhad
Ta Ann Holdings Berhad
Tianjin Plywood Industry Co. Ltd.
Uniply Industries Ltd.
West Fraser Timber Co, Ltd.
WTK Holdings Berhad
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Plywood: An Introductory Prelude
Recent Market Activity
Strong Micro & Macro Environmental Factors Support Future Growth
Uptrend in Engineered Wood Sector Generates Parallel Opportunities
Developing Countries Remain Major Consumers
China: The Most Important Market
Stable Economic Scenario Enhances Market Prospects
Western Companies Enjoy Fair Share in the Market
Asian Enterprises Seek to Widen Market Footprint
Chinese Players Aim to Expand Operations Beyond Domestic Market
Global Competitor Market Shares
Plywood Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growth in Global Construction Industry to Fuel Market Expansion
Growing Importance in Flooring Applications Bodes Well
Plywood Gains Prominence as Green Alternative for Flooring
Hardwood Plywood Dominates the Scenario
Innovations Enhance Appeal & Image of Plywood
Noteworthy Plywood Innovations in Recent Years
UPM Grada Plywood
KoskiPly Economy Birch Plywood Product
Q-Ply SimPly Maple Plywood
Advanced Adhesives Formulations
New Extrusion Coating Mechanisms
Socio-Demographic Trends Favor Market Growth
Rising Global Population & the Resulting Need for Housing Units and Infrastructure
Burgeoning Middle Class Population
Rising Standards of Living
Issues & Challenges
Alternatives Emerge as Major Concern
Low-Quality Film Faced Plywood Influences Sales of Branded Products
Key Industry Statistics
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 99
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Laura Wood, Senior Press Manager
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