China Engineered Wood Market Research Report: By Product Type (plywood, laminated veneer lumber(lvl), glulam, i-beams and cross laminated, timber(clt)) andBy Application (residential, non-residential)- Forecast to 2035

China Engineered Wood Market Overview

The China Engineered Wood Market Size was estimated at 37.95 (USD Billion) in 2023.The China Engineered Wood Market Industry is expected to grow from 40.68(USD Billion) in 2024 to 164.18 (USD Billion) by 2035. The China Engineered Wood Market CAGR (growth rate) is expected to be around 13.523% during the forecast period (2025 - 2035).

Key China Engineered Wood Market Trends Highlighted

China Engineered Wood Market Drivers

Growing Urbanization in China

The rapid urbanization in China is a significant driver for the China Engineered Wood Market Industry. As per the National Bureau of Statistics of China, over 60% of the population resides in urban areas as of 2021, projected to increase to 70% by 2035. This urban growth is fostering increased demand for residential and commercial buildings, which in turn will drive the need for engineered wood products due to their cost-effectiveness and sustainability.As cities continue to expand, the need for housing, infrastructure, and public facilities rises, prompting architects and builders to explore engineered wood options. Government policies promoting the use of sustainable construction materials further enhance this trend, positioning engineered wood as a viable choice in urban development.

Government Policies Favoring Sustainable Practices

China's commitment to sustainability is pivotal in bolstering the China Engineered Wood Market Industry. The government enacted the Green Building Action Plan, which encourages the use of eco-friendly construction materials, including engineered wood. With the Ministry of Housing and Urban-Rural Development reporting a doubling in green building certifications from 2016 to 2020, there is a clear shift towards sustainable practices in construction.The growing emphasis on reducing carbon footprints and promoting recycling in the housing sector aligns with the increased adoption of engineered wood, thus providing a considerable boost to market growth.

Rising Demand for Eco-Friendly Construction Materials

There is an increasing consumer preference for eco-friendly construction materials in China, significantly impacting the China Engineered Wood Market Industry. A survey conducted by the China Environment and Resources Academy indicated that 75% of Chinese consumers consider environmental sustainability important when making purchasing decisions related to construction products. As public awareness regarding environmental issues rises, the demand for engineered wood, known for its lower environmental impact compared to traditional lumber, is expected to increase.The government is also keen on promoting the use of engineered wood in both residential and commercial projects as part of its commitment to reducing greenhouse gas emissions.

China Engineered Wood Market Segment Insights:

Engineered Wood Market Product Type Insights

The China Engineered Wood Market showcases a diverse array of products under its Product Type segment, illustrating a robust growth dynamic fueled by increasing demand in construction, furniture, and eco-friendly building materials. Plywood remains a cornerstone of this market, celebrated for its versatility and strength while offering advantages such as lightweight properties and ease of use. Laminated veneer lumber (LVL) is gaining traction for its superior performance compared to traditional solid wood, making it particularly significant for structural applications.Glulam is also noteworthy, as it provides an efficient solution for large-span constructions, meeting both aesthetic and functional needs in modern architecture. I-beams are popular in industrial settings, particularly for their extensive load-bearing capacity and efficiency in material usage. Cross-laminated timber (CLT) is emerging as a game-changer, significantly addressed by the green building movement for its sustainable aspect and energy efficiency benefits. This diversity within the Product Type segment is a reflection of industry trends toward sustainable development, enhanced building techniques, and a rising preference for engineered wood solutions over conventional materials.The comprehensive advancements in these product lines align with China's overarching growth in infrastructure development, as domestic and international stakeholders increasingly leverage the strengths of engineered wood products for sustainable construction practices.

Engineered Wood Market Application Insights

The China Engineered Wood Market is experiencing significant growth in the Application segment, driven primarily by increasing urbanization and rising consumer demand for sustainable building materials. In the residential sector, engineered wood is favored for its versatility and aesthetic appeal, making it a popular choice for flooring, cabinetry, and furniture. The non-residential sector equally showcases a dynamic trend, as engineered wood is increasingly utilized in commercial construction due to its strength and cost-effectiveness. Factors such as government initiatives promoting green building practices and the rise of eco-conscious consumers are further enhancing the demand these applications.The residential application is particularly noteworthy, as it caters to a growing population keen on modern living spaces, while non-residential projects focus on sustainability and energy efficiency, thus driving the market's overall growth. As the construction industry in China continues to evolve, the market data indicates a shift towards engineered wood solutions that align with both functionality and environmental responsibility. Such trends underscore the importance of these applications within the broader China Engineered Wood Market, highlighting their potential and significant role in shaping contemporary architecture and design.

China Engineered Wood Market Key Players and Competitive Insights

The China Engineered Wood Market is characterized by a rapidly growing landscape driven by rising demand for sustainable and innovative building materials. Increased urbanization, infrastructural development, and a shifting focus toward environmentally friendly construction solutions have catalyzed the growth of engineered wood products in China. Strategic investments in technological advancements, coupled with a growing awareness the benefits of engineered wood, have allowed manufacturers to enhance product quality while reducing environmental impact. Understanding competitive dynamics is crucial, as numerous companies vie for market share, offering a diverse range of products tailored to meet ever-evolving consumer preferences. The landscape is marked by key players who emphasize differentiation through quality, pricing strategies, and customer service, fostering a competitive environment that drives innovation and efficiency.SinoForest Corporation has established a robust presence in the China Engineered Wood Market through its extensive portfolio of wood-based products. With a focus on sustainable forestry practices, the company has adeptly positioned itself as a leader by blending quality with environmental responsibility. SinoForest's strengths lie in its strong supply chain management and its ability to optimize resource utilization, ensuring high-quality output. Their commitment to research and development enables the company to continually innovate, responding to market demands with advanced engineered wood solutions. Furthermore, SinoForest has expanded its market presence by forging partnerships and alliances, further enhancing its competitive advantage in this thriving segment of the wood industry.In the realm of the China Engineered Wood Market, Guangxi Qinzhou Forest Industry Co has carved a niche for itself through its diverse offerings, which include engineered wood panels and complementary products that cater to various sectors, from construction to furniture design. The company leverages its strategic location to optimize logistics and distribution, ensuring timely delivery and services throughout China. Guangxi Qinzhou’s strengths encompass a commitment to quality manufacturing processes supported by state-of-the-art technology that allows the company to produce innovative wood products with minimal environmental impact. Additionally, Guangxi Qinzhou has actively explored mergers and acquisitions to enhance its capabilities and expand its market footprint, thereby solidifying its position as a key player. With a focus on customer-centric solutions and a commitment to sustainable practices, Guangxi Qinzhou continues to thrive within a competitive landscape while addressing the needs of the rapidly growing engineered wood market in China.

Key Companies in the China Engineered Wood Market Include:

• SinoForest Corporation


• Guangxi Qinzhou Forest Industry Co


• Linyi Manxiang Furniture Co


• Jiangsu Baolai Wood Co


• Fujian Haoda Wood Co


• Kvaernevik Group


• Qingdao Xinyi Wood Co


• China Minmetals Corporation


• Shandong Wivel Wood Co


• Shanxi Huayu Wood Industry


• Wanda Group


• Linyi Shanshui Wood Co


• Fujian Nanan Huari Wood Co


• China National Building Material Group

China Engineered Wood Market Industry Developments

Recent developments in the China Engineered Wood Market have highlighted increased activity among key players and a growing focus on sustainability and innovation. SinoForest Corporation has enhanced its production capabilities, aiming to meet the rising demand for eco-friendly building materials. Guangxi Qinzhou Forest Industry Co has also reported expansions to its operations to capture more market share. In terms of mergers and acquisitions, Linyi Manxiang Furniture Co and Jiangsu Baolai Wood Co have officially announced a strategic partnership in August 2023, anticipating a boost in production and resource sharing. Meanwhile, Fujian Haoda Wood Co has secured an acquisition of Qingdao Xinyi Wood Co in July 2023, which is expected to optimize supply chain efficiencies. The overall market valuation for companies within this sector has increased significantly due to growing investments and government initiatives promoting sustainable forestry practices. The China National Building Material Group has been actively involved in research and development efforts to innovate within the market, while Shandong Wivel Wood Co and Shanxi Huayu Wood Industry have also been recognized for their contributions to increasing market dynamics over the past couple of years, with notable advancements reported in late 2022 and early 2023.

China Engineered Wood Market Segmentation Insights

Engineered Wood Market Product Type Outlook

• plywood


• laminated veneer lumber(lvl)


• glulam


• i-beams and cross laminated


• timber(clt)

Engineered Wood Market Application Outlook

• residential


• non-residential

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	37.95(USD Billion)
MARKET SIZE 2024	40.68(USD Billion)
MARKET SIZE 2035	164.18(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	13.523% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	SinoForest Corporation, Guangxi Qinzhou Forest Industry Co, Linyi Manxiang Furniture Co, Jiangsu Baolai Wood Co, Fujian Haoda Wood Co, Kvaernevik Group, Qingdao Xinyi Wood Co, China Minmetals Corporation, Shandong Wivel Wood Co, Shanxi Huayu Wood Industry, Wanda Group, Linyi Shanshui Wood Co, Fujian Nanan Huari Wood Co, China National Building Material Group
SEGMENTS COVERED	Product Type, Application
KEY MARKET OPPORTUNITIES	Growing urbanization demand, Eco-friendly construction materials, Expansion in furniture manufacturing, Renovation and remodeling trends, Technological advancements in production
KEY MARKET DYNAMICS	sustainable construction trends, rising urbanization rates, government incentives for eco-friendly products, increasing demand for furniture, growing awareness of timber alternatives
COUNTRIES COVERED	China