Research Reports
Plywood Market To Witness An Outstanding Growth
Published by Coherent Market Insights
Posted on September 24, 2021
4 min readLast updated: February 2, 2026
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Published by Coherent Market Insights
Posted on September 24, 2021
4 min readLast updated: February 2, 2026
The global plywood market is poised for substantial growth, driven by construction and furniture industries. Asia Pacific leads with a 45% market share.
Plywood is manufactured from softwoods, hardwoods, and combination of both. It consists of face and back core. The plies are glued together by strong adhesives such as urea formaldehyde resin or phenol. Plywood is widely used as a building material due to its useful properties such as strength, recyclability, and others. It is an economical, factory-produced sheet of wood with precise dimensions that do not crack or wrap with the changes in atmospheric moisture.
The applications of plywood in the construction industry include formation of light partition or external walls, to make framework or mold for wet concrete, for manufacturing light doors and shutters, to produce furniture such as cupboards, kitchen cabinets, and others. Moreover, plywood finds application in various non-construction industries which include upholstered furniture, materials handling, truck trailers, packaging, and other applications.
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The global plywood market is predicted to grow substantially over the forecast period, owing to factors such as growth of end-use industries including construction, packaging, furniture, and others, together with rising applications of plywood as building materials on account of various excellent properties offered such as high strength, dimensional stability, high impact resistance, panel shear/braced panels shear, flexibility or bendability, water and chemical resistance, thermal and sound insulation, and others.
Key companies operating in the global plywood market are Century Plyboard (India) Ltd, Atlantic Plywood Corporation, Greenply Industries Ltd., Weyerhaeuser Company, Eksons Corp. Bhd., Roseburg Forest Products Co., Uniply Industries Ltd., Boise Cascade LLC, Ainsworth Lumber Co. Ltd., and Georgia-Pacific Corporation.
Major players operating in the plywood market are focused on adopting various strategic initiatives such as mergers & acquisitions and new product developments in order to expand their product portfolio and global presence. For instance, in April 2016, Century Plyboards Limited, a leading company for manufacturing plywood in India, announced the merger with Shyam Century Ferrous Alloy. The merger has helped the company expand its product portfolio and global presence.
Plywood is manufactured using thin layers or sheets of wood bonded and veneer bound with adhesives. Plywood is commonly used as an alternative to plain wood attributing to its properties such as twisting, resistance to shrinking, and splitting.
Softwood plywood is manufactured by combining various sheets of dry softwood surfaces with adhesives. Softwood plywood is used for roof decking, wall siding, concrete product type boards, floors, sheathing, and containers. Whereas, hardwood plywood is used or manufacturing architectural millwork, furniture, cabinets, paneling, flooring, doors, store fixtures, and interior products.
Market Dynamics
Based on application, plywood market is segmented into construction, furniture, packaging, transportation, flooring, and others. In 2018, the furniture segment accounted for largest revenue share of more than 25.0% in terms of value, and is expected to witness significant growth over the forecast period.
Among regions, in 2018, Asia Pacific held dominant position in the global plywood market accounting for a market share of 45.0%, in terms of value, owing to increasing usage of plywood in various end-use industries such as construction, furniture, and packaging, together with the growth of these industries in the region.
Key features of the study:
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The post Plywood Market To Witness An Outstanding Growth appeared first on Gatorledger.
The article discusses the growth and dynamics of the global plywood market, highlighting key players and industry trends.
Plywood is used in construction, furniture, packaging, and transportation industries due to its strength and versatility.
Asia Pacific holds the dominant position in the plywood market, accounting for a 45% share.
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