Canada Wood Based Panel Market Size & Outlook, 2019-2027
Canada wood based panel market, 2016-2027 (US$M)
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Canada wood based panel market highlights
- The Canada wood based panel market generated a revenue of USD 2,483.0 million in 2019 and is expected to reach USD 4,126.1 million by 2027.
- The Canada market is expected to grow at a CAGR of 6.6% 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.
Wood based panel market data book summary
| Market revenue in 2019 | USD 2,483.0 million |
| Market revenue in 2027 | USD 4,126.1 million |
| Growth rate | 6.6% (CAGR from 2019 to 2027) |
| Largest segment | Plywood |
| Fastest growing segment | Softboard |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, Canada accounted for 1.7% of the global wood based panel market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. wood based panel market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 34,204.8 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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Canada 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 51.52% in 2019. Horizon Databook has segmented the Canada 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.
Wood based panel market in Canada is expected to witness significant growth over the forecast period on account of growth in application industries. Construction activities in the country are anticipated to propel the demand for wood based panels for wall structures and interior decorations.
Moreover, furniture industry in Canada has been a significant contributor to wood industry and is projected to continue this trend in the coming years. This is expected to boost the demand for wood based panels in the country.
Oriented strand boards and plywood are widely used wood based panels in the country on account of wide availability and early acceptance in application industries including construction and furniture.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada wood based panel market , including forecasts for subscribers. This country databook contains high-level insights into Canada wood based panel market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada wood based panel market size, by product, 2016-2027 (US$M)
Canada Wood Based Panel Market Outlook Share, 2019 & 2027 (US$M)
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