World Wood Based Panel Market to Grow 2.2% Annually from 2015 to 2019

Date: 2015-10-12

Global demand for wood based panels is forecast to expand 2.2% p.a. between 2015 and 2019. Bolivia, China, India, Japan and United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global wood based panel industry is forecast to reach 2.2% p.a. in the coming years. 

Between 2008 and 2014 the market increased with an average annual growth of 7.8%. Currently, plywood accounts for 43.1% of the global demand while the remaining market share is divided between fibreboard (24.1%), veneered panels (13.3%), particle board (7.9%), veneers and plywood sheets (7.3%), waferboard (4.0%) and densified wood (0.4%).

China, Germany, Japan, Turkey and the United States represent the largest wood based panel markets while the strongest annual growth is forecast to occur in Bolivia (7.4%), India (5.7%), Poland (4.5%), Bangladesh (4.3%) and Morocco (3.9%).

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