A wood
based panel is a general term for a variety of different
board products, which have an impressive range of engineering
properties. Wood based panels are primarily used in construction,
packaging, and shipping. Wood based panels can be classified into
different product segments such as softwood plywood, particle-board
and medium density fiber board, decorative hardwood plywood and
veneer (under 6mm thick), waferboard and other structural composite
boards, insulation board and hardboard.
Growing
deforestation leading to global warming has spurred the demand for
efficient timber utilization, in turn driving the global wood based
panels market. Technological advancements and increased efficiency in
manufacturing of wood based panels is expected to bolster the demand
for wood based panels. On the other hand, rapid increases in the cost
of petroleum-based fuels and products continue to escalate the
production and marketing costs of wood-based panel products, in turn
hindering its growth.
Anticipated changes
in incorporating newer definitions of structural-use panels by
American Plywood Association is expected to bolster the demand for
wood based panels in North America as well as South America. Rapid
industrialization and modernization in infrastructure in developing
economies of Asia Pacific is expected to be a key market driver for
wood based panel industry over the forecast period.
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Some of the Key
Manufacturers of wood based panel include Caihong Wood Co.
Ltd, Lin Shi Tong Wood Co. Ltd., d.i.v.a Aluminum products, Qingdao
Nianlun Wood Processing Co. Ltd., Changzhou Hengyi Wood Products Co.
ltd., Donghwa Enterprise Co. ltd., Daregroup, Mainland Trading
Company, and Linyi Guangsha Wood Industry Co. Ltd. among others.
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