Asia Pacific Wood Based Panel Market Size & Outlook
Asia Pacific wood based panel market, 2016-2027 (US$M)
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Asia Pacific wood based panel market highlights
- The Asia Pacific wood based panel market generated a revenue of USD 78,621.2 million in 2019.
- The market is expected to grow at a CAGR of 7.9% from 2020 to 2027.
- In terms of segment, plywood was the largest revenue generating product in 2019.
- Softboard is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Vietnam is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 78,621.2 million |
| Market revenue in 2027 | USD 144,538.3 million |
| Growth rate | 7.9% (CAGR from 2019 to 2027) |
| Largest segment | Plywood |
| Fastest growing segment | Softboard |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medium density fiberboard (MDF), High density fiberboard (HDF), Particleboard, Oriented Strand Board (OSB), Softboard, Hardboard, Plywood |
| Key market players worldwide | Dongwha Enterprise, Kronospan, SGS, EGGER Group, Norbord Industries, Kastamonu Entegre, Georgia-Pacific, ARAUCO, Canfor Corp, Pfeiffer Vacuum Technology AG, Sumitomo Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 54.3% of the global wood based panel market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 144,538.3 million by 2027.
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Wood Based Panel Market Scope
Wood Based Panel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific wood based panel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wood based panel market will help companies and investors design strategic landscapes.
Plywood was the largest segment with a revenue share of 57.33% in 2019. Horizon Databook has segmented the Asia Pacific wood based panel market based on medium density fiberboard (mdf), high density fiberboard (hdf), particleboard, oriented strand board (osb), softboard, hardboard, plywood covering the revenue growth of each sub-segment from 2016 to 2027.
The regional government’s initiatives to implement RFID sensors in wood packaging products coupled with strengthening economy of countries, such as China, India, and Japan, are expected to boost the demand for wood-based panels over the forecast period.
The Southeast Asia Lumber Producers Association (SEALPA) regulates the exports of woodbased panel products from Indonesia, the Philippines, Malaysia, and Papua New Guinea.
The construction industry in China has suffered a severe setback due to the strict regulatory checks imposed by the regional regulatory agencies. The advantage to the companies in the region of lower labor costs and environmental costs is rapidly being offset as both these costs are escalating in the region.
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Our clientele includes a mix of wood based panel market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific wood based panel market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wood based panel market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific wood based panel market size, by country, 2016-2027 (US$M)
Asia Pacific Wood Based Panel Market Outlook Share, 2019 & 2027 (US$M)
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