The Future of the Plywood Market

The report finds that the plywood market reached a value of US$ nearly 41 Billion in 2018, growing at a CAGR of 7.8% during 2011-2018. The market is further expected to reach a value of more than US$ 55 Billion by 2024.To get more news about film faced plywood, you can visit official website.

This report provides a deep insight into the global plywood market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.

The report also provides a comprehensive analysis for setting up a plywood manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc.

Plywood has high structural strength and flexibility; provides resistance against exposure to chemicals and fire; and insulation against sound and excessive heating. As a result of these properties, plywood is used in the manufacturing of doors, stairs, external cladding, flooring, framing, interior rails and balustrades, internal panelling, timber joinery products.

In the marine industry, special grades of plywood are used, which are treated to withstand occasional exposure to seawater without decaying or deteriorating. These are used in the manufacturing of stringers, floor, transom, boat cabinetry, walls, seating, and other interior fixtures.

On the basis of end-use the market is segmented as commercial and residential. The residential sector is the largest consumer for plywood, accounting for more than half of the total global market.

The report has conducted an evaluation of the market on the basis of key regions and finds that Asia-Pacific is the largest market for plywood. Some of the other major regions are Europe, North America, Latin America and Middle East and Africa.

The report has also analysed the market on the basis of competitive landscape and provides the details of the key players.

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