Wood Based Panels Market Research Report – Global Forecast till 2027

Wood Based Panels Market Research Report, By Product (MDF, HDF, OSB, Particleboard, Plywood, and Others), Application (Construction, Furniture, and Packaging) and Region — Global Forecast till 2027

ID: MRFR/CO/5665-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill Sample form for updated data.

Market Synopsis: Global Wood Based Panels Market:


The global wood based panels market has witnessed an upward surge on the back drop of increase in growth of construction industry over the past few years. Growing investments in residential and commercial construction in emerging economies such as Brazil, Saudi Arabia, India, and China has further propelled the demand for wood based panels market. Rapid urbanization coupled with increase in demand for green buildings are some of the major factors which helps in enhancing the growth of the wood-based panels market. Furthermore, the manufacturers use expansion strategy in order to strengthen their position in the market. Hence, the global wood-based panels market is expected to witness a CAGR of around 8% over the forecast period.


Global Wood Based Panels Market: Regional Analysis:


The global wood based panels market have been segmented region-wise into North America, Europe, Asia-pacific, and Rest of the World (RoW). Asia-Pacific held the largest market share of around 56% and is also the fastest growing market, which is expected to retain its dominance over the forecast period. Subsequent growth of public and private sector investments in infrastructural construction projects in emerging economies such as China and India are also anticipated to create lucrative opportunities in wood based panels market in this region.


North America region accounted for the second largest market, which is anticipated to exhibit sustainable growth rate over the forecast period. Repair and renovation activities in the real estate and commercial sector is projected to augment the demand for wood based panels market in the North American region. The region is also positively influenced by presence of major market players, mainly situated in the US. In 2017, the Europe region accounted for a market share of approximately 25% in the overall wood based panels market, which will continue with its position by 2023. The booming construction industry in the residential, commercial, and industrial sector is expected to contribute to the demand for wood based panels market.


Global Wood Based Panels Market: Segmentation:


The global wood based panels market has been segmented on the basis of product and application. The product segment is classified into MDF, HDF, OSB, particleboard, softword, plywood, and others. The application segment is divided into construction ,furniture, and packaging. The construction segment is further bifurcated into floors & roofs, windows & doors, siding, and others. Similarly, the furniture segment is sub-segmented into residential and commercial.  


Based on product, MDF accounted for the largest market share of around 45% in the overall wood based panels market, which is also expected to witness high growth rate over the forecast period. This is attributed to the broad application used in vertical and horizontal wood based panels across the construction industry. The versatility of the product and its wide range of applications in the construction industry make it a likely contender. High demand for MDF products used for manufacturing flooring, furniture, and cabinetry, is projected to drive the overall market. These products are mainly cheaper than other products such as plywood, particleboard and many others.


Based on application, construction segment holds the largest market share in 2017, which will continue with its position by 2023. The segment is also anticipated to witness maximum growth rate in the market due to the rising demand for flooring, interior and exterior staircases, shear walls, and cladding activities.


The furniture application is likely to exhibit sustainable growth rate from 2018 to 2023, as these products are mainly used for manufacturing durable interior decoration items. These are more durable and lighter in weight as compared to traditional wood products. Hence, which is projected to have a positive impact on the overall market growth.


Key players include ante-Group, Dongwha Group, Klenk Holz AG, Kronospan, Caihong Wood Co. Ltd, Weyerhaeuser Company, Norbord Inc., and many others. The global Wood Based Panels market is highly competitive with many players, across the globe. The players adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include expansions & investments, acquisitions, new product developments, and agreements.


Intended Audience:



  • Raw Material Suppliers

  • End Users

  • Manufacturers

  • Traders & Distributors

  • Regulatory Bodies

  • Market Research and Consulting Firms



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   8% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Technology, by Application, by Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ante-Group, Dongwha Group, Klenk Holz AG, Kronospan, Caihong Wood Co. Ltd, Weyerhaeuser Company, Norbord Inc
  Key Market Opportunities

  • Increase in growth of construction industry
  • Growing investments in residential and commercial construction
  •   Key Market Drivers

  • Rapid urbanization
  • Increase in demand for green buildings


  • Frequently Asked Questions (FAQ) :


    The CAGR would be 8% for wood-based panels market during the forecast period.

    Growing investment in residential and commercial constructions would trigger growth for wood-based panels market.

    The APAC region would lead wood-based panels market.

    China and India would dominate the APAC wood-based panels market.

    Repair and renovation in commercial sector and real estate would inspire changes in the North American wood-based panels market.

    Table of Contents

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Definition

    2.2.2 Research Objective

    2.2.3 Assumptions

    2.2.4 Limitations

    2.3 Research Process

    2.3.1 Primary Research

    2.3.2 Secondary Research

    2.4 Market size Estimation

    2.5 Forecast Model

    3 Market Landscape

    3.1 Porter’s Five Forces Analysis

    3.1.1 Threat of New Entrants

    3.1.2 Bargaining power of buyers

    3.1.3 Threat of substitutes

    3.1.4 Segment rivalry

    3.1.5 Bargaining Power of Buyers

    3.2 Value Chain/Supply Chain Analysis

    4 Market Dynamics

    4.1 Introduction

    4.2 Market Drivers

    4.3 Market Restraints

    4.4 Market Opportunities

    5 Global Wood Based Panel Market, By Product

    5.1 Introduction

    5.2 Medium density fibreboard (MDF)

    5.2.1 Market Estimates & Forecast, 2020-2027

    5.2.2 Market Estimates & Forecast by Region, 2020-2027

    5.3 High density fiberboard (HDF)

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    5.4 Oriented Strand Board (OSB)

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    5.5 Particleboard

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    5.6 Softword

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    5.7 Plywood

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    5.8 Others

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    6 Global Wood Based Panel Market, By Application

    6.1 Introduction

    6.2 Construction

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast by Region, 2020-2027

    6.2.3 Floors & Roofs

    6.2.3.1 Market Estimates & Forecast, 2020-2027

    6.2.3.2 Market Estimates & Forecast by Region, 2020-2027

    6.2.4 Windows & Doors

    6.2.4.1 Market Estimates & Forecast, 2020-2027

    6.2.4.2 Market Estimates & Forecast by Region, 2020-2027

    6.2.5 Siding

    6.2.5.1 Market Estimates & Forecast, 2020-2027

    6.2.5.2 Market Estimates & Forecast by Region, 2020-2027

    6.2.6 Others

    6.2.6.1 Market Estimates & Forecast, 2020-2027

    6.2.6.2 Market Estimates & Forecast by Region, 2020-2027

    6.3 Furniture

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast by Region, 2020-2027

    6.3.3 Residential

    6.3.3.1 Market Estimates & Forecast, 2020-2027

    6.3.3.2 Market Estimates & Forecast by Region, 2020-2027

    6.3.4 Commercial

    6.3.4.1 Market Estimates & Forecast, 2020-2027

    6.3.4.2 Market Estimates & Forecast by Region, 2020-2027

    6.4 Packaging

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.4.2 Market Estimates & Forecast by Region, 2020-2027

    7 Global Wood Based Panel Market, By Region

    7.1 Introduction

    7.2 North America

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Product, 2020-2027

    7.2.3 Market Estimates & Forecast by Application, 2020-2027

    7.2.4 US

    7.2.4.1 Market Estimates & Forecast, 2020-2027

    7.2.4.2 Market Estimates & Forecast by Product, 2020-2027

    7.2.4.3 Market Estimates & Forecast by Application, 2020-2027

    7.2.5 Canada

    7.2.5.1 Market Estimates & Forecast, 2020-2027

    7.2.5.2 Market Estimates & Forecast by Product, 2020-2027

    7.2.5.3 Market Estimates & Forecast by Application, 2020-2027

    7.3 Europe

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Product, 2020-2027

    7.3.3 Market Estimates & Forecast by Application, 2020-2027

    7.3.4 UK

    7.3.4.1 Market Estimates & Forecast, 2020-2027

    7.3.4.2 Market Estimates & Forecast by Product, 2020-2027

    7.3.4.3 Market Estimates & Forecast by Application, 2020-2027

    7.3.5 Germany

    7.3.5.1 Market Estimates & Forecast, 2020-2027

    7.3.5.2 Market Estimates & Forecast by Product, 2020-2027

    7.3.5.3 Market Estimates & Forecast by Application, 2020-2027

    7.3.6 France

    7.3.6.1 Market Estimates & Forecast, 2020-2027

    7.3.6.2 Market Estimates & Forecast by Product, 2020-2027

    7.3.6.3 Market Estimates & Forecast by Application, 2020-2027

    7.3.7 Italy

    7.3.7.1 Market Estimates & Forecast, 2020-2027

    7.3.7.2 Market Estimates & Forecast by Product, 2020-2027

    7.3.7.3 Market Estimates & Forecast by Application, 2020-2027

    7.3.8 Rest of Europe

    7.3.8.1 Market Estimates & Forecast, 2020-2027

    7.3.8.2 Market Estimates & Forecast by Product, 2020-2027

    7.3.8.3 Market Estimates & Forecast by Application, 2020-2027

    7.4 Asia-Pacific

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Product, 2020-2027

    7.4.3 Market Estimates & Forecast by Application, 2020-2027

    7.4.4 China

    7.4.4.1 Market Estimates & Forecast, 2020-2027

    7.4.4.2 Market Estimates & Forecast by Product, 2020-2027

    7.4.4.3 Market Estimates & Forecast by Application, 2020-2027

    7.4.5 Japan

    7.4.5.1 Market Estimates & Forecast, 2020-2027

    7.4.5.2 Market Estimates & Forecast by Product, 2020-2027

    7.4.5.3 Market Estimates & Forecast by Application, 2020-2027

    7.4.6 India

    7.4.6.1 Market Estimates & Forecast, 2020-2027

    7.4.6.2 Market Estimates & Forecast by Product, 2020-2027

    7.4.6.3 Market Estimates & Forecast by Application 2020-2027

    7.4.7 Rest of Asia-Pacific

    7.4.7.1 Market Estimates & Forecast, 2020-2027

    7.4.7.2 Market Estimates & Forecast by Product, 2020-2027

    7.4.7.3 Market Estimates & Forecast by Application, 2020-2027

    7.5 Rest of the World

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast by Product, 2020-2027

    7.5.3 Market Estimates & Forecast by Application, 2020-2027

    7.5.4 South America

    7.5.4.1 Market Estimates & Forecast, 2020-2027

    7.5.4.2 Market Estimates & Forecast by Product, 2020-2027

    7.5.4.4 Market Estimates & Forecast by Application, 2020-2027

    7.5.5 Middle East & Africa

    7.5.5.1 Market Estimates & Forecast, 2020-2027

    7.5.5.2 Market Estimates & Forecast by Product, 2020-2027

    7.5.5.4 Market Estimates & Forecast by Application, 2020-2027


    9 Competitive Landscape

    10 Company Profile

    10.1 ante-Group

    10.1.1 Company Overview

    10.1.2 Products/Services Offering

    10.1.3 Financial Overview

    10.1.4 Key Developments

    10.1.5 Strategy

    10.1.6 SWOT Analysis

    10.2 Dongwha Group

    10.2.1 Company Overview

    10.2.2 Products/Services Offering

    10.2.3 Financial Overview

    10.2.4 Key Developments

    10.2.5 Strategy

    10.2.6 SWOT Analysis

    10.3 Klenk Holz AG

    10.3.1 Company Overview

    10.3.2 Products/Services Offering

    10.3.3 Financial Overview

    10.3.4 Key Developments

    10.3.5 Strategy

    10.3.6 SWOT Analysis

    10.4 Kronospan

    10.4.1 Company Overview

    10.4.2 Products/Services Offering

    10.4.3 Financial Overview

    10.4.4 Key Developments

    10.4.5 Strategy

    10.4.6 SWOT Analysis

    10.5 Caihong Wood Co. Ltd

    10.5.1 Company Overview

    10.5.2 Products/Services Offering

    10.5.3 Financial Overview

    10.5.4 Key Developments

    10.5.5 Strategy

    10.5.6 SWOT Analysis

    10.6 Weyerhaeuser Company

    10.6.1 Company Overview

    10.6.2 Products/Services Offering

    10.6.3 Financial Overview

    10.6.4 Key Developments

    10.6.5 Strategy

    10.6.6 SWOT Analysis

    10.7 Norbord Inc.

    10.7.1 Company Overview

    10.7.2 Products/Services Offering

    10.7.3 Financial Overview

    10.7.4 Key Developments

    10.7.5 Strategy

    10.7.6 SWOT Analysis

    10.8 Sonae Indústria, SGPS, SA

    10.7.1 Company Overview

    10.7.2 Products/Services Offering

    10.7.3 Financial Overview

    10.7.4 Key Developments

    10.7.5 Strategy

    10.7.6 SWOT Analysis

    10.9 Kastamonu Entegre

    10.9.1 Company Overview

    10.9.2 Products/Services Offering

    10.9.3 Financial Overview

    10.9.4 Key Developments

    10.9.5 Strategy

    10.9.6 SWOT Analysis

    10.10 Louisiana-Pacific Corporation

    10.10.1 Company Overview

    10.10.2 Products/Services Offering

    10.10.3 Financial Overview

    10.10.4 Key Developments

    10.10.5 Strategy

    10.10.6 SWOT Analysis


    List of Tables

    Table 1 Global Wood Based Panel Market: By Region, 2020-2027

    Table 2 North America Wood Based Panel Market: By Country, 2020-2027

    Table 3 Europe Wood Based Panel Market: By Country, 2020-2027

    Table 4 Asia-Pacific Wood Based Panel Market: By Country, 2020-2027

    Table 5 RoW Wood Based Panel Market: By Country, 2020-2027

    Table 6 Global Wood Based Panel Market, By Product, By Regions, 2020-2027

    Table 7 North America Wood Based Panel Market, By Product, By Country, 2020-2027

    Table 8 Europe Wood Based Panel Market, By Product, By Country, 2020-2027

    Table 9 Asia-Pacific Wood Based Panel Market, By Product, By Country, 2020-2027

    Table 10 RoW Wood Based Panel Market, By Product, By Country, 2020-2027

    Table 11 Global Wood Based Panel Market, By Application: By Regions, 2020-2027

    Table 12 North America Wood Based Panel Market, By Application: By Country, 2020-2027

    Table 13 Europe Wood Based Panel Market by Application: By Country, 2020-2027

    Table 14 Asia-Pacific Wood Based Panel Market by Application: By Country, 2020-2027

    Table 15 RoW Wood Based Panel Market by Application: By Country, 2020-2027

    Table 16 Global Wood Based Panel Market: By Region, 2020-2027

    Table 17 Global Wood Based Panel Market: By Product, 2020-2027

    Table 18 Global Wood Based Panel Market: By Application, 2020-2027

    Table 19 North America Wood Based Panel Market, By Country

    Table 20 North America Wood Based Panel Market, By Product

    Table 21 North America Wood Based Panel Market, By Application

    Table 22 Europe: Wood Based Panel Market, By Country

    Table 23 Europe: Wood Based Panel Market, By Product

    Table 24 Europe: Wood Based Panel Market, By Application

    Table 25 Asia-Pacific: Wood Based Panel Market, By Country

    Table 26 Asia-Pacific: Wood Based Panel Market, By Product

    Table 27 Asia-Pacific: Wood Based Panel Market, By Application

    Table 28 RoW: Wood Based Panel Market, By Region

    Table 29 RoW Wood Based Panel Market, By Product

    Table 30 RoW Wood Based Panel Market, By Application


    List of Figures

    FIGURE 1 Research Process of MRFR

    FIGURE 2 Top down & Bottom up Approach

    FIGURE 3 Market Dynamics

    FIGURE 4 Impact Analysis: Market Drivers

    FIGURE 5 Impact Analysis: Market Restraints

    FIGURE 6 Porter’s Five Forces Analysis

    FIGURE 7 Value Chain Analysis

    FIGURE 8 Global Wood Based Panel Market Share, By Product, 2020 (%)

    FIGURE 9 Global Wood Based Panel Market, By Product, 2020-2027 (USD MILLION)

    FIGURE 10 Global Wood Based Panel Market Share, By Application, 2020 (%)

    FIGURE 11 Global Wood Based Panel Market, By Application, 2020-2027 (USD MILLION)

    FIGURE 12 Global Wood Based Panel Market Share (%), By Region, 2020

    FIGURE 13 Global Wood Based Panel Market, By Region, 2020-2027 (USD MILLION)

    FIGURE 14 North America Wood Based Panel Market Share (%), 2020

    FIGURE 15 North America Wood Based Panel Market, By Country, 2020-2027 (USD MILLION)

    FIGURE 16 Europe Wood Based Panel Market Share (%), 2020

    FIGURE 17 Europe Wood Based Panel Market, By Country, 2020-2027 (USD MILLION)

    FIGURE 18 Asia-Pacific Wood Based Panel Market Share (%), 2020

    FIGURE 19 Asia-Pacific Wood Based Panel Market, By Country, 2020-2027 (USD MILLION)

    FIGURE 20 Rest of the World Wood Based Panel Market Share (%), 2020

    FIGURE 21 Rest of the World Wood Based Panel Market, By Country, 2020-2027 (USD MILLION)