World Wood Based Panel Market to Grow 2.2% annually from 2015 to 2019 according to GRDS

Global demand for wood based panels is forecast to expand 2.2% p.a. between 2015 and 2019. Bolivia, China, India, Japan and United States are considered the highest potential markets in the coming years.
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LAHTI, Finland - Nov. 19, 2015 - PRLog -- According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global wood based panel industry is forecast to reach 2.2% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 7.8%. Currently, plywood accounts for 43.1% of the global demand while the remaining market share is divided between fibreboard (24.1%), veneered panels (13.3%), particle board (7.9%), veneers and plywood sheets (7.3%), waferboard (4.0%) and densified wood (0.4%).

China, Germany, Japan, Turkey and the United States represent the largest wood based panel markets while the strongest annual growth is forecast to occur in Bolivia (7.4%), India (5.7%), Poland (4.5%), Bangladesh (4.3%) and Morocco (3.9%).

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential wood based panel markets in the coming years are:

Ranking  Country  Market Potential Rate
1  China  0.96
2  United States  0.19
3  Japan  0.08
4  India  0.08
5  Bolivia  0.08
6  Germany  0.07
7  Poland  0.07
8  Turkey  0.05
9  Indonesia  0.05
10  Bangladesh  0.04
11  Spain  0.04
12  Morocco  0.04
13  Vietnam  0.04
14  Italy  0.04
15  Canada  0.04
16  South Korea  0.03
17  Macedonia  0.03
18  Oman  0.03
19  Australia  0.03
20  United Kingdom  0.03

The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date industry data on the actual market situation, trends, and future outlook for wood based panels in the world and individually for the following countries:

Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Iran, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Mongolia, Morocco, Nepal, Netherlands, Norway, Oman, Pakistan, Panama, Peru, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sudan, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Uruguay, Vietnam

The reports include historic data from 2008 to 2014 and forecasts until 2019 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

The reports help answer the following questions:

- What is the current size of the wood based panel market in the world and in different countries?
- How is the wood based panel market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?

The latest industry data included in these reports:

- Overall wood based panel market size, 2008-2019
- Wood based panel market size by product segment, 2008-2019
- Growth rates of the overall market and different product segments, 2008-2019
- Shares of different product segments of the overall market, 2008, 2014 and 2019
- Market potential rates of the overall market and different product segments

The market data is given for the following product segments:

Densified wood
Fibreboard (density over 0.8 g/cm3)
Fibreboard (density 0.8 g/cm3 or less)
Other fibreboard
Particle board of wood
Particle board of other ligneous materials
Plywood (outer ply of tropical wood)
Plywood (outer ply of non-coniferous wood)
Other plywood
Veneered panels
Coniferous (softwood) veneers and plywood sheets
Light and dark red meranti and meranti bakau veneers
Veneers of other tropical woods
Other veneers and plywood sheets

For more detailed information about the reports, visit our website:

or contact our customer service at

Tel: +358 440 543 230

Kimmo Kuokkanen
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Tags:Wood Panels, Wood Based Panels
Location:Lahti - --- - Finland
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