According to the latest report by IMARC Group, titled “United States Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the United States plywood market reached a value of US$ 8.48 Million in 2020. Looking forward, IMARC Group expects the US plywood market to reach a value of US$ 10.11 Million by 2026, exhibiting a CAGR of 3.12% during 2021-2026.
Plywood is a type of composite material made of resin-bonded wood fibers and veneer. Some commonly used wood includes oak, maple, ash, teak and mahogany. Plywood is commercially available in different types, such as softwood, flexible, hardwood, tropical, birchwood, and decorative. It exhibits high impact resistance, reusability, flexibility, easy installation, high strength and weight ratio, increased stability, chemical and moisture resistance, and panel shear. On account of these properties, plywood is extensively used across the construction, marine, and aircraft industries.
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United States Plywood Market Trends:
The United States plywood market is majorly being driven by its increasing usage in various interior, structural and exterior paneling applications. Additionally, plywood can endure moisture and humidity exposure, due to which it is widely being adopted in the marine industry for constructing seats, stringers, walls, floors, and boat cabinetry. Moreover, due to the growing environmental concerns, leading players are manufacturing sustainable plywood using eco-friendly technologies, which is creating a positive outlook for the market in the country.
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Key Market Segmentation:
Breakup by End Use Sector:
Breakup by Application:
- New Construction
Breakup by Region:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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