Plywood Market, by Application (Furniture, Packaging, Transport, and Construction), by Product Type (Hardwood Plywood, Softwood Plywood, Decorative Plywood, and Tropical Plywood), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) – Size, Share,Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Plywood is manufactured from thin sheets or layers of wood veneer and bonded together with adhesives. Plywood is frequently used as a substitute for plain wood due to its excellent properties such as resistance to shrinking, twisting, and splitting.

Softwood plywood is produced by gluing several layers of dry softwood veneers together with an adhesive. Softwood plywood is used for wall siding, roof decking, concrete formboards, sheathing, floors, and containers. Hardwood plywood is used for interior applications such as furniture, architectural millwork, paneling, cabinets, flooring, store fixtures, and doors.

Market Dynamics

  • A major driver for growth of the global plywood market is growing construction industry. For instance, in 2015, global construction perspectives and oxford economics together stated that the global construction market is set to grow by US$ 8 trillion by 2030, reaching a total size of US$ 17.5 trillion and growing by an average annual rate of 3.9% by 2030
  • However, higher cost of plywood as compared to Oriented Starboard (OSB) may hamper growth of the global plywood market, as OSB offers similar characteristics as plywood.

Market Outlook

  • According to the Coherent Market Insights’ analysis, Asia Pacific is expected to be the fastest growing plywood market during the forecast period, owing to growing housing and infrastructure sectors in the region. For instance, in India, Pradhan Mantri Awas Yojana (PMAY) or The ‘Housing for all by 2022’ launched in 2015, aims to provide affordable housing to all citizens by 2022, and as per government speculation this could entail construction of 20 million houses by 2022.
  • China is the world’s largest producer of plywood, owing to the economical manual labor, simple tehchology, and local machine suppliers.

 Key players in Global Plywood Market

  • Key players operating in the global plywood market include Atlantic Plywood Corporation, Greenply Industries Ltd., Weyerhaeuser Company, Ainsworth Lumber Co. Ltd., Roseburg Forest Products Co., and Century Ply board (India) Ltd.

Market Taxonomy

On the basis of product type, the global plywood market is segmented into:

  • Hardwood Plywood
  • Softwood Plywood
  • Decorative Plywood
  • Tropical Plywood

On the basis of application, the global plywood market is segmented into:

  • Furniture
  • Packaging
  • Transport
  • Construction

On the basis of region, the global plywood market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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