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North America Plywood Market Report by Application (Residential, Commercial), Sector (New Construction, Replacement), and Country 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A1772
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Market Overview 2024-2032:
The North America plywood market size reached 15.4 Million Cubic Meters in 2023. Looking forward, IMARC Group expects the market to reach 19.9 Million Cubic Meters by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023
|
|
Forecast Years
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2024-2032
|
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Historical Years
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2018-2023
|
| Market Size in 2023 | 15.4 Million Cubic Meters |
| Market Forecast in 2032 | 19.9 Million Cubic Meters |
| Market Growth Rate (2024-2032) | 2.8% |
Plywood is an engineered wood product made from three or more thin sheets of wood also known as 'plies'. These plies are glued together to form a thicker, flat sheet to form plywood. Due to the way the direction of each layer's grain is alternated in relation to adjacent layers, plywood becomes considerably stronger than some other wood-based sheet products, such as medium density fiberboard (MDF). It is also an economical, factory-produced sheet of wood with precise dimensions that does not warp or crack with changes in atmospheric moisture. These properties make plywood a versatile material with a huge range of applications ranging from wall and floor covering to molds for concrete structures, designer furniture to packaging.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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North America plywood market is currently being driven by several factors. Based on the versatility, dimension stability, strength, stiffness and durability of plywood, it is employed for various structural and constructional purposes. It is used in concrete shuttering, boat-making, light partitions and external walls, flooring systems etc. Apart from this, an increasing number of residential and commercial spaces has also driven its demand in the region. Moreover, recent technological advancements have resulted in the introduction of new plywood variants with improved features, such as flexible plywood. In addition to this, plywood exhibits excellent resistance to a wide range of chemicals, making it suitable for industrial applications, thereby, catalyzing the market growth.
IMARC Group’s latest report provides a deep insight into the North America plywood market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America plywood market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America plywood market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on application and sector.
- Key Regions Analysed
- United States
- Canada
- Analysis for Each Country
- Market by Application
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Residential
- Commercial
- Market by Sector
- New Construction
- Replacement
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | Million Cubic Meters |
| Segment Coverage | Application, Sector, Country |
| Countries Covered | United States, Canada |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The North America plywood market reached a volume of 15.4 Million Cubic Meters in 2023.
We expect the North America plywood market to exhibit a CAGR of 2.8% during 2024-2032.
The rising adoption of plywood for numerous structural and constructional purposes, owing to its versatility, dimension stability, strength, stiffness, durability, etc., is primarily driving the global plywood market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several North American nations, resulting in the temporary closure of various end-use industries for plywood.
Based on the application, the North America plywood market has been segregated into residential and commercial, where the residential sector currently exhibits a clear dominance in the market.
Based on the sector, the North America plywood market can be bifurcated into new construction and replacement. Currently, new construction holds the largest market share.
On a regional level, the market has been classified into United States and Canada, where United States currently dominates the North America plywood market.
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