Published on : Jul 04, 2017
Albany, New York, July 4, 2017: As per the findings of a latest study on plywood market, rising construction activity worldwide, increase in the number of homes and the rising application of plywood in the interior designing of home, especially in high-cost residential spaces, along with a growing furniture industry are projected to drive the global plywood market for the next few years. Market Research Hub (MRH) has recently broadcasted this new study to its mega-repository, which is titled as “Global and Chinese Plywood Market Outlook 2017-2022”. This precise study offers a detailed analysis of the Plywood market over the last five years and delivers extensive market forecasts by region/country and sub sector. It covers the key technological and growing market trends in the market and further lays out an analysis of the factors influencing the supply/demand for Plywood.
Plywood is a type of wood product, manufactured from thin sheets of wood veneer that are stuck together. Plywood is one of the most common materials used in building a house and other structures. Its lightweight and flexible characteristics make it popular in architectural masterpieces. Looking to this acceptance, the analysts find that the market is mainly driven by the recovering construction activity in most countries worldwide along with some of the prime factors such as rise in high value, high-rise constructions, growing preference for plywood in interior design especially of floors, walls and ceilings and a strong furniture industry. Plywood also shows high strength as compared to plain wood and it is flexible, reusable and inexpensive.
This report estimates and forecasts the plywood market size on the global, regional and country levels during the forecast period of 2017 to 2022. Regions highlighted in the study are North America, Asia-Pacific, China and Europe. The study highlights the market landscape by considering the volume and revenue in these regions during the period 2012 to 2017.
Plywood has been an essential material in making houses and other constructions. As per the key findings, manufacturers of commercial vehicles require increasing quantities of chequered plywood for applications in automotive flooring. This is expected to propel global plywood market growth in the near future. Many kinds and types of plywood are available in the market today. In terms of the global market, Chinese manufacturers occupy the low-quality niche, with low-grade types of plywood: resins with high formaldehyde emissions are used in the manufacturing process. The quality of Chinese plywood products can be erratic, but their low cost means that they are in high demand.
Moving further, the report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. The leading players are analyzed on the basis of their market performances along with strengths & weaknesses, opportunities and threats. Additionally, it also provides the current consolidation trends in the industry and the challenges faced by industry participants.
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