Global Plywood Market to Cross USD 51 Bn Mark by 2022, Forecasts IMARC Group in Its Topical Report Available at MarketPublishers.com08 Jun 2017 • by Natalie Aster
LONDON – Owing to numerous beneficial properties as high structural strength and flexibility, insulation against sound and excessive heating, and high level of resistance against exposure to chemicals and fire, plywood is enjoining high popularity, especially in the manufacturing of flooring, framing, doors, stairs and boat cabinetry.
As of the past year, the world’s market for plywood reached USD 35 billion, posting an 8% CAGR over 2009-2016. The market is poised to gain traction, and its value will likely cross the USD 51 billion mark by 2022.
The residential sector is the key consumer of plywood.
Regionally, APAC is the major regional market for plywood.
Greenply, Century Plyboards Limited, Raute, Kitply Industries Limited and Sharon Veneers Private Limited are amid the top market participants.
Cutting-edge research publication “Plywood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” prepared by IMARC Group offers a deep analysis of the worldwide plywood market landscape, examines all vital aspects and uncovers reliable statistics. The report provides an overview of the recent and forthcoming trends and opportunities, highlights the key market growth drivers and limiters, includes a detailed value chain analysis and SWOT and Porter’s five force analyses. Furthermore, the research report investigates the competitive landscape and offers profiles of the key market players. Also, this comprehensive research report comprises a future outlook with forecasts for the global plywood market through 2021.
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