Plywood Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

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Plywood is a wood panel prepared from thin sheets of wood veneer. Plywood is one of the most widely used wood

products. It is inexpensive, flexible, re-usable and workable. Plywood is used as a substitute for plain wood due to its

resistance to cracking, splitting, shrinkage and twisting. Plywood generally offers higher degree of strength than

plain wood. On the basis of applications plywood is classified as softwood plywood, hardwood plywood, tropical

plywood and decorative plywood among others.

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The market for plywood was mainly driven by increasing demand from housing market. The demand has increased

owing to growing significance of plywood in the buildings & construction industry and its advantages over

conventional metal, wood, and plastic. In addition, plywood is also used in marine applications for building decks.

Structural panel market is likely to be the major opportunity for the plywood market. The major restraint for the

market would be higher cost of plywood as compared to OSB (Oriented Starboard) which offers similar features to

that of plywood.

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In terms of demand, North America was the leading region for plywood market. The demand...