Transparency
Market Research Added A New Report "Wood
Based Panel Market". 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.
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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.
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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