Manufactured Wood Materials Market Valued At Close To USD 295 Billion In 2017

Posted by praneeth on July 19th, 2018

The manufactured wood product establishments manufacture veneer, plywood, engineered wood members and reconstituted wood products. Some products produced by this industry include hardwood and softwood veneer, fabricated and laminated wood arches, wood roof, floor trusses, wood sheets and boards.

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The manufactured wood materials market is valued at close to USD 295 billion in 2017 due to the rising demand for durable wooden flooring and roofs.

Asia Pacific was the largest region in the manufactured wood materials market in 2017, accounting for more than three-fifth of the market share. This was mainly due to a population in China and India and real estate industry boom in the region, driving demand for wood flooring, interiors, furniture, door and windows.

The market is segmented into reconstituted wood product, plywood and veneer sheets. Reconstituted wood was the largest segment in the manufactured wood materials market followed by plywood as the second largest.

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China was the largest country in the manufactured wood materials market in 2017, accounting for more than 40% of the market share followed by USA and Russia.

The manufactured wood materials market is relatively fragmented, with few global players. The top five competitors in the market made up 9% of the total market in 2017. Georgia-Pacific Corporation was the largest competitor, followed by Weyerhaeuser Company, Celulosa Arauco y Constitución, Norbord Inc., and RLC Industries Co. Georgia-Pacific LLC is an American pulp and Paper company based in Atlanta, Georgia, and is one of the world's largest manufacturers and distributors of tissue, pulp, paper, toilet and paper towel dispensers, packaging, building product  and related chemical. As of May 2016, the company employed more than 35,000 people worldwide.It operates as a subsidiary of Koch Industries, Inc.

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