U.S. Wood Based Panel Market Size & Outlook, 2019-2027
U.S. wood based panel market, 2016-2027 (US$M)
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U.S. wood based panel market highlights
- The U.S. wood based panel market generated a revenue of USD 18,956.8 million in 2019 and is expected to reach USD 34,204.8 million by 2027.
- The U.S. market is expected to grow at a CAGR of 7.7% 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.
Wood based panel market data book summary
| Market revenue in 2019 | USD 18,956.8 million |
| Market revenue in 2027 | USD 34,204.8 million |
| Growth rate | 7.7% (CAGR from 2019 to 2027) |
| Largest segment | Oriented strand board (osb) |
| 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, U.S. accounted for 13.1% 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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U.S. 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 42.9% in 2019. Horizon Databook has segmented the U.S. 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 U.S. is the largest producer of agricultural products and thus, accounts for a high demand for woodbased panel packaging. Factors such as large market size, high disposable income, ability of established players to mass produce, and an extensive range of products are expected to boost the market growth in the region.
Major companies are increasingly opting for smart wood packaging products to meet with strict guidelines laid by the government bodies regarding safe storage of food products over a long duration as well as to improve the medical compliance rates.
For instance, Kronospan Limited has developed smart wood packaging solutions to increase adherence to regulatory standards. Such initiatives are expected to drive wood-based panel market over the forecast period.
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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 U.S. wood based panel market , including forecasts for subscribers. This country databook contains high-level insights into U.S. wood based panel market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. wood based panel market size, by product, 2016-2027 (US$M)
U.S. Wood Based Panel Market Outlook Share, 2019 & 2027 (US$M)
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