The US plywood market size reached US$ 22.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.04% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 22.8 Billion
Market Forecast in 2032
US$ 29.9 Billion
Market Growth Rate 2024-2032
3.04%
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 fibreboard (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 broad range of applications from wall and floor covering to moulds for concrete structures, designer furniture to packaging.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the US plywood market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on end use sector and application.
Breakup by End Use Sector:
Commercial
Residential
Breakup by Application:
New Construction
Replacement
Breakup by Region:
Northeast
Midwest
South
West
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
IMARC Group’s latest report provides a deep insight into the US 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 plywood manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the US plywood industry in any manner.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
End Use Sector, Application, Region
Region Covered
Northeast, Midwest, South, West
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)
Key Questions Answered in This Report
We expect the US plywood market to exhibit a CAGR of 3.04% during 2024-2032.
The rising adoption of plywood across the construction sector, owing to its high structural strength, improved flexibility, optimal resistance against chemicals and fire, excellent insulation, excessive heating properties, etc., is primarily driving the US plywood market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the United States market for plywood.
Based on the end use sector, the US plywood market has been segregated into commercial and residential, where the residential sector currently holds the largest market share.
Based on the application, the US plywood market can be bifurcated into new construction and replacement. Currently, new construction exhibits a clear dominance in the market.
On a regional level, the market has been classified into Northeast, Midwest, South, and West, where South currently dominates the US plywood market.
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