Mexico Wood Based Panel Market Size & Outlook, 2019-2027
Mexico wood based panel market, 2016-2027 (US$M)
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Mexico wood based panel market highlights
- The Mexico wood based panel market generated a revenue of USD 726.6 million in 2019 and is expected to reach USD 1,220.4 million by 2027.
- The Mexico market is expected to grow at a CAGR of 6.7% from 2020 to 2027.
- In terms of segment, plywood was the largest revenue generating product in 2019.
- Oriented Strand Board (OSB) 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 726.6 million |
| Market revenue in 2027 | USD 1,220.4 million |
| Growth rate | 6.7% (CAGR from 2019 to 2027) |
| Largest segment | Plywood |
| Fastest growing segment | Oriented Strand Board (OSB) |
| 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, Mexico accounted for 0.5% 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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Mexico 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 32.56% in 2019. Horizon Databook has segmented the Mexico 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 Mexico is anticipated to witness strong growth over the forecast period on account of rising end-use applications. Construction and packaging industries in Mexico are driving the demand for wood based panels.
Ongoing construction projects for commercial and residential premises coupled with rising productivity of manufacturing industry in Mexico are anticipated to drive the product demand in construction and packaging applications.
The country has witnessed an upward trend in its manufacturing, of which, a large share is exported to other regions. Manufacturing of industrial machinery, automobile, and others has surged the import and export operations in the country, in turn, boosting the demand for wood based panels for packaging applications.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico wood based panel market , including forecasts for subscribers. This country databook contains high-level insights into Mexico wood based panel market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico wood based panel market size, by product, 2016-2027 (US$M)
Mexico Wood Based Panel Market Outlook Share, 2019 & 2027 (US$M)
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