Recovery in Global Construction Markets to Drive Demand for Plywood, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) September 19, 2014 -- Follow us on LinkedIn - Plywood is a flat panel comprising thin sheets of wood. The sheets are bound together under high pressure and excessive heat with an adhesive made of resin, forming a plywood panel. Major types of plywood panels include softwood plywood and hardwood plywood. Plywood, being resistant to splitting, cracking, twisting, and shrinking, is used as an alternative for conventional wood, offering more strength in comparison to conventional wood. Various benefits offered by plywood in comparison to plain wood, plastic and metal and increasing importance of versatile engineered wood in construction are expected to drive demand.
New housing construction, and activities related to repair and remodeling represent primary growth drivers in the global plywood market. The recovering global GDP is forecast to provide a fertile environment for demand growth in the coming years. Resurgence in construction activity worldwide is expected to have a direct impact on demand from different end-use markets such as multi-family housing, single-family housing, commercial real estate, and institutional construction. A slow and modest recovery in the construction industry in the United States, coupled with steady gains in construction spending in developing countries including BRICs, is expected to benefit demand for plywood. Increased investment in industrial and infrastructure sectors additionally bodes well for the market.
Stringent government regulations calling for mandatory renovation and reconstruction for ageing buildings, both residential and commercial, will continue to drive demand for building materials such as plywood. In addition to the construction sector, demand for plywood is also expected to grow due to increasing use in building decks in marine applications. Structural panel market is expected to provide major opportunities for growth. Production of plywood is rapidly shifting from North America, Europe and South Asia to China, which has emerged as a major supplier of plywood worldwide. Quality and cost continue to drive the plywood supply mix worldwide, while various other factors including price and trade relations threaten to shift trade routes. Anti-dumping duties and sustainability focused regulations are impacting demand in the international market.
As stated by the new market research report on Plywood, Asia-Pacific represents the largest as well as the fastest growing regional market worldwide, registering a CAGR of 6.3% over the analysis period. Steady economic growth, increasing disposable income, rising standards of living, expanding middle-class, and increased investments in residential settlements and infrastructure facilities, represent key factors driving growth in the region.
Key players covered in the report include Boise Cascade Company, Century Plyboard (India) Ltd., Eksons Corporation Bhd, Georgia-Pacific, LLC, Greenply Industries Limited, Jaya Tiasa Holdings Berhad, Roseburg Forest Products Co., SDS Lumber Company, Seihoku Corporation, Subur Tiasa Holdings Berhad, Ta Ann Holdings Berhad, UPM-Kymmene Corporation, West Fraser Timber Co. Ltd., and Weyerhaeuser Company, among others.
The research report titled “Plywood: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, major challenges, and strategic corporate developments of major companies worldwide. The report provides market estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Sweden, Finland and Rest of Europe), Asia-Pacific (Australia, China, India, Indonesia, Malaysia, South Korea and Rest of Asia-Pacific), Middle East/Africa (South Africa and Rest of Middle East/Africa), and Latin America (Argentina, Brazil, Chile, Mexico, Peru and Rest of Latin America).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Plywood_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]
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