Industry Background:
Plywood is a type of furniture which is made by thin layers or "plies" of wood veneer that are attached together with right angle. It is applicable for a wide range of structural, interior and exterior applications. Additionally, Plywood is a collection of wood veneers bonded together to create a flat sheet. It provide strength and durability. Cross-graining also decreases the probabilities of the wood splitting when fixing at the edges and it makes the wood strong to warping, cracking and twisting.
According to AMA, the market for Plywood is expected to register a CAGR of 6.1% during the forecast period to 2026. This growth is primarily driven by Increasing Demand in Marine Industry for Manufacturing Ship Decks and Higher Structural Strength as well as Flexibility than the Conventional Woods.
Globally, a noticeable market trend is evident Rising Demand in Automotive Flooring
. The Homefurnishing Retail sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Georgia-Pacific Gypsum (United States), Plum Creek Timber Company (United States), Potlatch Corporation (United States), Columbia Forest Products (United States), Smith & Fong (United States), Clarke Veneers (United States), Roseburg (United States), Freeman Mfg. & Supply Co. (United States), Swanson Group (United States), Coastal Plywood Company (United States), Austral Plywoods (Australia) and National Plywood (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
According to ‘Australia Illegal Logging Prohibition Act’ commenced on 28th November 2012 states that logging in Australia is a criminal offense to intentionally, knowingly or recklessly import wood, pulp and paper products into Australia or process Australian raw logs that have been illegally logged. It also outlines that businesses must undertake ‘due diligence’ on certain regulated processes.
Market Drivers
- Increasing Demand in Marine Industry for Manufacturing Ship Decks
- Higher Structural Strength as well as Flexibility than the Conventional Woods
Market Trend
- Rising Demand in Automotive Flooring
- Growing adoption of Wooden Equipment in Number of Applications
Restraints
- Comparatively Higher Cost of Plywood than Oriented Starboard (OSB)
- Adversely Affected of Atmospheric
Opportunities
Surging Adoption of Plywood in Construction Industry and Growing Opportunities for Plywood as a Substrate in Inkjet Printing Applications
Challenges
Government Legislations against Deforestation and Ample Number of Substitutes available for Plywood
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Plywood Study Sheds Light on
The Plywood Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Plywood industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plywood industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.