North America Wood Based Panel Market Size & Outlook
North America wood based panel market, 2016-2027 (US$M)
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North America wood based panel market highlights
- The North America wood based panel market generated a revenue of USD 22,166.3 million in 2019.
- The market is expected to grow at a CAGR of 7.5% from 2020 to 2027.
- In terms of segment, oriented strand board (osb) 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 22,166.3 million |
| Market revenue in 2027 | USD 39,551.2 million |
| Growth rate | 7.5% (CAGR from 2019 to 2027) |
| Largest segment | Oriented strand board (osb) |
| Fastest growing segment | Oriented Strand Board (OSB) |
| 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, North America region accounted for 15.3% 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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North America 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.
Oriented strand board (osb) was the largest segment with a revenue share of 38.75% in 2019. Horizon Databook has segmented the North America 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.
Various regulations pertaining to wood based panel market have been issued in North America. The U.S. Environmental Protection Agency in coalition with the Composite Panel Association (CPA) has laid down standards for formaldehyde emission during the manufacturing process of wood-based panels.
Formaldehyde is emitted into the atmosphere when wood products are burned and is hazardous to the personnel on inhalation. The U.S. OSHA and NIOSHA have mandated wood-based panel manufacturers to provide protective gear to employees in order to safeguard them from the aforementioned hazard.
In 2017, Natural disasters including Irma and Harvey hurricanes devastated hundreds of commercial and industrial holdings in the region. The U.S. Federal Emergency Management Agency (FEMA) used wood based panels to provide shelter to the victims of these disasters, in turn, boosting the product demand.
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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 continent-level data and insights on the North America wood based panel market , including forecasts for subscribers. This continent databook contains high-level insights into North America wood based panel market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America wood based panel market size, by country, 2016-2027 (US$M)
North America Wood Based Panel Market Outlook Share, 2019 & 2027 (US$M)
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