Global Wood Based Panel
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Wood Based Panel market size was USD 135.61 Billion in 2022 and it is forecasted to reach USD 247.23 Billion by 2030. Wood Based Panel Industry's Compound Annual Growth Rate will be 6.9% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Wood Based Panel market size was USD 135.61 Billion in 2022 and it is forecasted to reach USD 247.23 Billion by 2030. Wood Based Panel Industry's Compound Annual Growth Rate will be 6.9% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Wood Based Panel Market Sales Revenue | $ 169.817 Billion | $ 215.2 Billion | $ 345.593 Billion | 6.1% |
North America Wood Based Panel Market Sales Revenue | $ 47.888 Billion | $ 58.965 Billion | $ 91.582 Billion | 5.658% |
United States Wood Based Panel Market Sales Revenue | $ 37.861 Billion | $ 46.382 Billion | $ 71.581 Billion | 5.574% |
Canada Wood Based Panel Market Sales Revenue | $ 6.436 Billion | $ 8.043 Billion | $ 12.858 Billion | 6.04% |
Mexico Wood Based Panel Market Sales Revenue | $ 3.592 Billion | $ 4.54 Billion | $ 7.143 Billion | 5.829% |
Europe Wood Based Panel Market Sales Revenue | $ 36.68 Billion | $ 45.192 Billion | $ 71.538 Billion | 5.909% |
United Kingdom Wood Based Panel Market Sales Revenue | $ 3.998 Billion | $ 5.016 Billion | $ 8.084 Billion | 6.146% |
Germany Wood Based Panel Market Sales Revenue | $ 7.006 Billion | $ 8.858 Billion | $ 14.451 Billion | 6.309% |
France Wood Based Panel Market Sales Revenue | $ 3.741 Billion | $ 4.474 Billion | $ 6.725 Billion | 5.225% |
Italy Wood Based Panel Market Sales Revenue | $ 1.797 Billion | $ 2.034 Billion | $ 2.933 Billion | 4.684% |
Russia Wood Based Panel Market Sales Revenue | $ 4.695 Billion | $ 5.604 Billion | $ 8.37 Billion | 5.143% |
Spain Wood Based Panel Market Sales Revenue | $ 2.714 Billion | $ 3.209 Billion | $ 5.008 Billion | 5.722% |
Sweden Wood Based Panel Market Sales Revenue | $ 1.834 Billion | $ 2.169 Billion | $ 3.219 Billion | 5.058% |
Denmark Wood Based Panel Market Sales Revenue | $ 1.659 Billion | $ 1.988 Billion | $ 3.076 Billion | 5.605% |
Switzerland Wood Based Panel Market Sales Revenue | $ 1.541 Billion | $ 1.808 Billion | $ 2.718 Billion | 5.232% |
Luxembourg Wood Based Panel Market Sales Revenue | $ 1.1 Billion | $ 1.265 Billion | $ 1.932 Billion | 5.429% |
Rest of Europe Wood Based Panel Market Sales Revenue | $ 6.594 Billion | $ 8.767 Billion | $ 15.023 Billion | 6.964% |
Asia Pacific Wood Based Panel Market Sales Revenue | $ 61.134 Billion | $ 77.902 Billion | $ 131.325 Billion | 6.746% |
China Wood Based Panel Market Sales Revenue | $ 24.331 Billion | $ 31.239 Billion | $ 54.763 Billion | 7.269% |
Japan Wood Based Panel Market Sales Revenue | $ 6.7 Billion | $ 8.226 Billion | $ 13.343 Billion | 6.232% |
India Wood Based Panel Market Sales Revenue | $ 11.126 Billion | $ 14.646 Billion | $ 25.608 Billion | 7.234% |
South Korea Wood Based Panel Market Sales Revenue | $ 3.546 Billion | $ 4.129 Billion | $ 6.172 Billion | 5.154% |
Australia Wood Based Panel Market Sales Revenue | $ 1.486 Billion | $ 1.737 Billion | $ 2.666 Billion | 5.499% |
Singapore Wood Based Panel Market Sales Revenue | $ 1.651 Billion | $ 1.948 Billion | $ 3.02 Billion | 5.639% |
South East Asia Wood Based Panel Market Sales Revenue | $ 9.091 Billion | $ 11.74 Billion | $ 18.701 Billion | 5.992% |
Taiwan Wood Based Panel Market Sales Revenue | $ 1.773 Billion | $ 2.103 Billion | $ 3.283 Billion | 5.724% |
Rest of APAC Wood Based Panel Market Sales Revenue | $ 1.431 Billion | $ 2.135 Billion | $ 3.769 Billion | 7.366% |
South America Wood Based Panel Market Sales Revenue | $ 10.529 Billion | $ 15.494 Billion | $ 25.228 Billion | 6.283% |
Brazil Wood Based Panel Market Sales Revenue | $ 3.653 Billion | $ 5.423 Billion | $ 8.956 Billion | 6.472% |
Argentina Wood Based Panel Market Sales Revenue | $ 1.253 Billion | $ 1.797 Billion | $ 2.815 Billion | 5.771% |
Colombia Wood Based Panel Market Sales Revenue | $ 0.832 Billion | $ 1.24 Billion | $ 2.043 Billion | 6.448% |
Peru Wood Based Panel Market Sales Revenue | $ 0.569 Billion | $ 0.806 Billion | $ 1.261 Billion | 5.763% |
Chile Wood Based Panel Market Sales Revenue | $ 0.516 Billion | $ 0.728 Billion | $ 1.161 Billion | 5.998% |
Rest of South America Wood Based Panel Market Sales Revenue | $ 3.706 Billion | $ 5.501 Billion | $ 8.991 Billion | 6.335% |
Middle East Wood Based Panel Market Sales Revenue | $ 9 Billion | $ 11.406 Billion | $ 16.588 Billion | 4.794% |
Saudi Arabia Wood Based Panel Market Sales Revenue | $ 3.618 Billion | $ 4.642 Billion | $ 6.732 Billion | 4.755% |
Turkey Wood Based Panel Market Sales Revenue | $ 2.07 Billion | $ 2.578 Billion | $ 3.699 Billion | 4.619% |
UAE Wood Based Panel Market Sales Revenue | $ 1.022 Billion | $ 1.307 Billion | $ 1.957 Billion | 5.178% |
Egypt Wood Based Panel Market Sales Revenue | $ 0.99 Billion | $ 1.277 Billion | $ 1.891 Billion | 5.026% |
Qatar Wood Based Panel Market Sales Revenue | $ 0.778 Billion | $ 1.02 Billion | $ 1.5 Billion | 4.94% |
Rest of Middle East Wood Based Panel Market Sales Revenue | $ 0.522 Billion | $ 0.582 Billion | $ 0.81 Billion | 4.218% |
Africa Wood Based Panel Market Sales Revenue | $ 4.585 Billion | $ 6.241 Billion | $ 9.331 Billion | 5.156% |
Nigeria Wood Based Panel Market Sales Revenue | $ 1.151 Billion | $ 1.579 Billion | $ 2.398 Billion | 5.363% |
South Africa Wood Based Panel Market Sales Revenue | $ 1.981 Billion | $ 2.671 Billion | $ 3.947 Billion | 5.002% |
Rest of Africa Wood Based Panel Market Sales Revenue | $ 1.453 Billion | $ 1.991 Billion | $ 2.986 Billion | 5.198% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product |
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Market Split by Application |
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Market Split by Thickness |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Wood Based Panel industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Wood Based Panel Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Wood-based panels are sheet materials that include a large amount of wood in the form of veneers, chips, strips, strands, or fibers. They are widely utilized in shipping, construction, and packaging.
The demand for the wood-based panel market is increased due to the increasing number of construction activities worldwide. The shift from office workspaces to house settings has increased the demand for more flexible and functional home furniture which will drive market growth. In addition, rapid urbanization, the growing global population, and inflation in the income levels of individuals will boost the growth of the market. The emerging trend of renovation and remolding of residential buildings provides an opportunity for the market. Wood-based panels are eco-friendly in that they do not provide any harm to the environment which will provide the opportunity. The high cost and instability of raw materials would be challenging to the market. growth. Government policies regarding saving trees will also hinder the growth of the market.
We have various report editions of Wood Based Panel Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
September 2022
LP Building Solutions completed a million-dollar conversion and expansion project to produce LP Siding products and SmartSide Trim at its New Limerick, Maine facility
June 2022
Kronoplus invested EUR 400 million (USD 473.26 million) to build a new manufacturing facility for wood-based panels with a planned production of 720,000 m³/year covering 25 hectares in Tortosa.
December 2021
West Fraser, a multi-national wood products corporation with 60+ locations across different regions like Canada, Europe U.K, and the U.S acquired the oriented strand board (OSB) mill near Allendale, South Carolina
Top Companies Market Share in Wood Based Panel Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia-Pacific held the largest market share of 54.34% in 2021 and is projected to expand at a CAGR of 7.9% over the forecast period among developing economies like India, China, and Japan. In the region, China is the largest producer of wood-based panels, due to higher increasing industrial exports from the country. Europe is anticipated to register a significant market share of 24.12 % in 2021. The Middle East and Africa are expected to develop high-performance and cost-effective wood-based panels.
The current report Scope analyzes Wood Based Panel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Wood Based Panel Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Wood Based Panel Industry growth. Wood Based Panel market has been segmented with the help of its Product, Application Thickness , and others. Wood Based Panel market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of type, the market is segmented into medium-density fiberboard (MDF)/high-density fiberboard (HDF), oriented strand board (OSB), particleboard, hardboard, and plywood. The plywood segment is expected to dominate the market in 2021 with a market share of 39.6% due to its superior characteristics including moisture resistance, affordability, durability, and high strength.
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On the basis of the application, the market is divided into furniture, construction, packaging, and other applications. The global furniture market accounted for 65% of the market share of domestic home furniture, followed by construction, packaging, and others
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Ankita Sharma is a passionate and detail-driven market research professional with over 2.5 years of experience in qualitative research. With a sharp focus on client query handling and competitive intelligence, she has successfully led and delivered impactful research projects across diverse industry verticals. At the core of Ankita’s work is her ability to transform complex market data into actionable insights. She has spearheaded market intelligence initiatives by analyzing trends, evaluating competitor strategies, and mapping evolving market dynamics using a range of industry tools. Her approach combines precision with adaptability ensuring research outcomes are tailored to client-specific needs and strategic goals.
Ankita is also skilled in secondary research and product benchmarking, offering a holistic view of competitive landscapes. Her collaborative spirit and cross-functional coordination have helped refine research methodologies and maintain the highest quality standards in deliverables. Ankita’s commitment to excellence and client success makes her a valuable asset in the evolving world of market intelligence and business strategy.
Ankita Sharma is a passionate and detail-driven market research professional with over 2.5 years of experience in qualitative research. With a sharp focus on client query handling and competitive intelligence, she has successfully led and delivered impactful research projects across diverse industry verticals. At the core of Ankita’s work is her ability to transform complex market data into actionable insights. She has spearheaded market intelligence initiatives by analyzing trends, evaluating competitor strategies, and mapping evolving market dynamics using a range of industry tools. Her approach combines precision with adaptability ensuring research outcomes are tailored to client-specific needs and strategic goals.
Ankita is also skilled in secondary research and product benchmarking, offering a holistic view of competitive landscapes. Her collaborative spirit and cross-functional coordination have helped refine research methodologies and maintain the highest quality standards in deliverables. Ankita’s commitment to excellence and client success makes her a valuable asset in the evolving world of market intelligence and business strategy.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Wood Based Panel Market is witnessing significant growth in the near future.
In 2023, the Plywood segment accounted for noticeable share of global Wood Based Panel Market and is projected to experience significant growth in the near future.
The Furniture segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies EGGER Group, Kastamonu Entegre and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Product | Plywood, MDF, HDF, OSB, Particleboard, Hardboard, Fiberboard, Cement-Bonded Particleboard, Oriented Strand Board, Lumber Panels, T-Beam Panels, Stress-Skin Panels, Others |
Application | Furniture, Construction, Packaging, Other |
Thickness | 9 MM, 10 MM, 18 MM, 20 MM, 40 MM, 50 MM, others |
Distribution Channel | B2B, OEMs, Specialty Stores, E-Commerce, Others |
List of Competitors | EGGER Group, West Fraser, Kastamonu Entegre, Georgia-Pacific, ARAUCO, CANFOR, Weyerhaeuser Company, Dongwha Group, Binderholz GmbH, Kronoplus Limited, DARE, Boise Cascade, Starbank Panel Products Ltd, SONAE Arauco, EVERGREEN FIBERBOARD BERHAD, MIECO CHIPBOARD BERHAD, GREEN RIVER HOLDING CO. LTD, PFEIFER GRUPP, Timber Products |
This chapter will help you gain GLOBAL Market Analysis of Wood Based Panel. Further deep in this chapter, you will be able to review Global Wood Based Panel Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Wood Based Panel. Further deep in this chapter, you will be able to review North America Wood Based Panel Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Wood Based Panel. Further deep in this chapter, you will be able to review Europe Wood Based Panel Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Wood Based Panel. Further deep in this chapter, you will be able to review Asia Pacific Wood Based Panel Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Wood Based Panel. Further deep in this chapter, you will be able to review South America Wood Based Panel Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Wood Based Panel. Further deep in this chapter, you will be able to review Middle East Wood Based Panel Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Wood Based Panel. Further deep in this chapter, you will be able to review Middle East Wood Based Panel Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Wood Based Panel. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Thickness Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Distribution Channel Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Wood Based Panel market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Plywood have a significant impact on Wood Based Panel market? |
What are the key factors affecting the Plywood and MDF of Wood Based Panel Market? |
What is the CAGR/Growth Rate of Furniture during the forecast period? |
By type, which segment accounted for largest share of the global Wood Based Panel Market? |
Which region is expected to dominate the global Wood Based Panel Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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