1. Market Research
  2. > Materials Market Trends
  3. > Wood

Breakthroughs that Will Shape the Future of the Wood Business

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
0 vote

Global Wood Industry

The global wood industry (a segment of the wider materials sector) is made up of companies that produce wood products such as plywood, wood-plastic composites and plastic lumber. Wood demand is determined by the level of activity in end-use industries, such as building construction, and the crash of the housing market in the US took a toll on the wood industry. Recovery in the housing sector, and increased demand from the automotive industry are fueling growth in the wood industry.

Key Segments

Global Industry Analysts predicts the global plywood market volume will reach almost 76 million cubic meters by 2015. Industry performance will be driven by global economic recovery and the rising use of plywood in end-use industries, such as the housing market. China dominates the global plywood market, having made the shift from consumer to exporter due to demand from the US and the EU.

China’s plywood manufacturing sector is driven by domestic economic growth and the rising importance of plantations in the East and North of the country as well as parts of Yangtze River. The US is the world’s second-largest market for plywood. It is estimated volume for the US plywood sector will exceed 16 million cubic tons before the end of 2012. South Africa is forecast to record the highest yearly growth rate from 2007 to 2015.

The world market volume for wood-plastic composites, plastic lumber and natural fiber composites, and cellulosic plastic applications reached 24 lakh metric tons in 2011, reports BCC Research. In 2016, market volume is expected to exceed 45 lakh metric tons, with yearly growth reaching almost 14%. The highest growth should come from the building products sector, which is predicted to have yearly growth over 12% between 2011 and 2016. The automotive application segment is forecast to witness 17% annual growth to reach a volume of almost 8 lakh metric tons in 2016.

Demand for decks in the US is expected to record 3% yearly growth to exceed $6 billion and to reach a volume of 3.5 billion lineal feet in 2014, reports Freedonia. This recovery is following a five-year period ending 2009 where yearly growth in demand remained under the 1% mark. Decking demand gains will be fuelled by recovery in the housing construction sector; the US residential sector represented 60% of overall demand for decking in 2009, and residential market demand is expected to record the highest rate of growth in any market through 2014. Alternative materials like wood-plastic composite and plastic lumber in particular are forecast to record high gains through 2014, favored by consumers for their durability and lower maintenance.

Regional Market Share

MarketLine predicts G8 countries will contribute more than $336 billion to the global forest products industry in 2015, after yearly growth of around 1% for the five preceding years. Combined G8 nation contributions reached almost $354 billion in 2010, having maintained an annual growth rate in excess of 6% for the four preceding years. The US dominated the global forest products industry in terms of market share at almost 44% in 2010, worth $154 billion. It is forecast that the US will continue to dominate the forest products sector, with predicted value set at $116 billion for 2015.

Brazil, Russia, India and China (BRIC) are witnessing the fastest rate of growth in the global forest products industry, reaching almost $591 billion in 2010. China recorded the highest yearly rate of growth between 2006 and 2010, exceeding 23%, according to MarketLine. China’s forest products industry generated revenue of nearly $407 billion in 2010 and is expected to exceed $756 billion in 2015.

Asia-Pacific contributed more than $45 billion to the world forest products industry in 2011, having recorded around a -1.5% yearly change rate for the four preceding years and 1% yearly growth in industry consumption volumes over the same period. MarketLine predicts the Asia-Pacific forest products sector will witness accelerating growth to reach a yearly expansion rate of almost 5% between 2011 and 2016 to exceed $58 billion.

Read more ยป

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+44 208 068 8943

1-10 of about 9600 reports

Global Wood Industry

  • June 2017
    243 pages
  • Wood  

    Biomass  

    Heating Equipme...  

  • Europe  

    North America  

    United States  

View report >

Wood Industry in Canada and the US - Forecast

  • August 2017
    8 pages
  • Wood  

  • Canada  

    United States  

View report >

Wood Industry in Europe

  • July 2017
    20 pages
  • Wood  

  • Europe  

    Germany  

View report >

Wood Statistics in Asia

  • January 2017
    9 pages
  • Wood  

    Softwood  

    Hardwood  

  • Asia  

View report >

The future of the Wood Industry in Japan

  • February 2017
    11 pages
  • Biomass  

    Biopower  

    Wood  

  • Japan  

    World  

    Asia  

View report >

Wood Industry in the US and France

  • January 2017
    9 pages
  • Wood  

  • United States  

    France  

View report >

Wood Industry in Germany

  • October 2016
    28 pages
  • Timber  

    Wood  

    Softwood  

  • Germany  

    Europe  

View report >

Wood Industry in Italy

  • January 2016
    7 pages
  • Wood  

  • Italy  

    Europe  

View report >

Wood Industry in the UK - Forecast

  • July 2017
    6 pages
  • United Kingdom  

View report >

Wood Industry in Canada

  • August 2017
    13 pages
  • Wood  

  • Canada  

View report >

Search in Wood Industry (About 9600 reports)
Parent industry: Materials
Related industries: Textile, Advanced Material, Pulp and Paper, Fiber, Glass, Ceramic, Chemicals

About 600 reports

Purchase Reports From Reputable Market Research Publishers
(From € 135 - € 17090)

Plywood Markets in the World to 2021 - Market Size, Development, and Forecasts

  • € 17090
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Plywood Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook for plywood ...

Veneer And Plywood Sheet Markets In The World To 2021 - ...

July 2017 € 17090

Plywood Markets In Europe To 2021 - Market Size, Develo ...

July 2017 € 9090

Veneer And Plywood Sheet Markets In Europe To 2021 - Ma ...

July 2017 € 9090

Plywood Markets In Asia To 2021 - Market Size, Developm ...

July 2017 € 6790

Veneer And Plywood Sheet Markets In Asia To 2021 - Mark ...

July 2017 € 6790

Plywood Markets In Eastern Europe To 2021 - Market Size ...

July 2017 € 6290

Veneer And Plywood Sheet Markets In Eastern Europe To 2 ...

July 2017 € 6290

Plywood Markets In Western Europe To 2021 - Market Size ...

July 2017 € 5190

Veneer And Plywood Sheet Markets In Western Europe To 2 ...

July 2017 € 5190

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.