Global Wood Panel Consumption to Exceed 282 Million Cubic Meters by 2010, According to a New Report by Global Industry Analysts, Inc.
Driven primarily by fortunes of construction and furniture industries in major regional markets, consumption of wood panels is projected to exceed 282 million m3 by 2010.
San Jose, CA (PRWEB) March 11, 2008 -- The recent drop in new housing construction in the US has resulted in good bargains for structural wood panels and other engineered wood products as against the recent past, when demand and supply of such products had become tight. With supply exceeding demand, the products are available at a lower price than in the past. Despite rising energy costs and worldwide competition, the European wood panels market is expected to record growth in consumption and production.
Europe is the largest regional market in terms of consumption with an estimated share of 32.2% in 2007 while China represents the fastest growing market with a CAGR of 7.9% during 2001-2010. Global consumption of Particleboard (including OSB) totaled an estimated 108 million m3, while plywood consumption is projected to exceed 79 million m3 by the end of the year 2009. MDF is the fastest growing product segment with consumption poised to grow at a compounded annual rate of 9.46% over the period 2001-2010.
Consumption of Wood Panels in Germany, Europe's single largest market totaled an estimated 13.6 million m3 in 2006, while OSB consumption in France is projected to increase at a CAGR of 1.57% over the years 2001 through 2010. MDF consumption in China is projected to exceed 16 million m3 by the year 2009.
Key players listed in the report include Ainsworth Lumber Company, Boise Cascade Company, Canfor Corporation, Fletcher Building Ltd, Georgia-Pacific Corporation, Groupe Gascogne, International Paper Company, J.M. Huber Corporation, Louisiana-Pacific Corporation, Masonite International Corp, Norbord Industries Inc., Pfleiderer AG, Pope & Talbot, Inc, Potlatch Corporation, Rougier SA, Svenska Cellulosa Aktiebolaget, Temple-Inland Inc., UPM - Kymmene Corporation, and Weyerhaeuser Company
"Wood Panels: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as Europe and the United States, alongside up and coming markets such as China and Latin America. The report provides a comprehensive review of market trends and issues, drivers, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product introduction and other strategic industry activities.
Analytical estimates and projections are presented in terms of consumption in cubic meters (m3) over the years 2001 through 2010. Long-term projections have been provided over the years 2011 through 2015. Product segments independently analyzed include Oriented Strand Board, Plywood, Particleboard, Medium Density Fiberboard, and Other Wood Panel Markets.
For more details about this research report, please visit http://www.strategyr.com/Wood_Panels_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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