Veneer and Plywood Sheet Market Business Opportunities, Future Trends, and In-depth Research Report, 2022

The Global Veneer and Plywood Sheet Market is expected to display higher growth over the forecast period.

Growth Driving Factors of The Market Include:

• Increasing infrastructural activities in developing economies across the globe
• Growing demand from the housing market and retail sector
• Booming buildings & construction industry
• Increasing benefits of veneer and plywood sheet over traditional materials
• Growing popularity of plywood sheets in marine applications to build decks, rooftops and doors
• Increasing adoption of plywood sheets in the manufacturing of structural panels 
• Increasing demand for chequered plywood sheets from the automotive industry 
• Rise in the per capita income and surging economic condition in developing countries
• Numerous governmental initiatives promoting infrastructural activities such as smart cities projects

However, the higher cost of plywood sheets in comparison with the OSB (Oriented Starboard) is substantially hampering the market growth.

Application of veneer and plywood sheet include:

• Building & construction industry
• Automotive sector
• Housing market
• Marine industry
• Interior design industry

The wide range applications of veneer and plywood sheet are expected to amplify growth of industry in upcoming years. Easy availability of plywood in regions where forest resources and wood plantations are in abundant amount, particularly in Asia-Pacific region, are offering lucrative growth opportunities for market players in the veneer and plywood sheet industry. 

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Moreover, substantial investment by market players in the development of innovative products to gain a competitive edge coupled with mergers, acquisitions, and partnerships for vertical integration is driving the growth of the veneer and plywood sheet market, in recent years.

The market is broadly categorized based on the type of the product such as:

• Coniferous (softwood) veneers and plywood sheets,
• Light and dark red meranti and meranti bakau veneer
• Veneers of other tropical woods

The coniferous (softwood) veneers and plywood sheets is considered as one of the fastest growing segment in the market with substantial revenue generation in the last few years. Growing popularity of the coniferous (softwood) veneers and plywood sheets segment is attributed to the easy availability and higher market penetration.

The market is divided by region as:

• North America
• Europe
• Asia-Pacific
• Latin America
• Africa

North America has shown major growth in recent years owing to the rise in the implementation of latest techniques in construction & interior design sector, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market share in the veneer and plywood sheet market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with growing construction activities in the region, booming housing sector, ever-growing population, rising per capita income, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the veneer and plywood sheet market are:

• Ainsworth Lumber Limited
• Boise Cascade Limited
• Atlantic Plywood Co.
• Eksons Co.
• Century Plyboard Limited
• Greenply Industries Limited
• Georgia-Pacific Co.
• Uniply Industries Ltd.
• Weyerhaeuser Company

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