Top 10 Leading Plywood Manufacturers Across the World | IMARC Group

Plywood Market Outlook:

The IMARC Group’s latest research report, titled "Plywood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global plywood market size reached US$ 45.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 62.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.27% during 2023-2028.

Plywood refers to a type of manufacturing board made from thin layers of wood veneers, which are glued together at right angles. A thin outer layer of additional materials, such as plastic, resin-impregnated paper, fabric, or Formica, can be added to the face and back veneers to enhance durability. These components also prevent the plywood from moisture, abrasion, and corrosion and facilitate better binding of paints and dyes.

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Plywood Market Growth and Development:

The escalating product demand, as it has high structural strength, flexibility, and resistance against chemicals and fire and provides insulation against sound and excessive heating, is among the key factors stimulating the plywood market. Moreover, the widespread adoption of manufacturing boards across the construction sector for making doors, stairs, external cladding, flooring, framing, interior rails and balustrades, internal paneling, and timber joinery products is acting as another significant growth-inducing factor. Besides this, the increasing utilization of the product across the marine sector, as it withstands occasional exposure to seawater without decaying or deteriorating is positively influencing the global market. Furthermore, several technological advancements by the leading companies have reduced manufacturing costs and also enhanced profitability and the quality of plywood products are also propelling the market growth. Apart from this, the rising usage of the go-green strategy by product manufacturers is further fuelling the product demand. Additionally, the inflating availability of numerous types of manufacturing boards among the masses designed with low toxicity and enhanced durability and aesthetics and environmental sustainability is anticipated to fuel the plywood market over the forecasted period.

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List of Top Plywood Manufacturers Worldwide:

Georgia Pacific LLC

Establishment: 1927
Headquarter: The United States

Potlatch Corporation

Establishment: 1903
Headquarter: The United States

Weyerhaeuser

Establishment: 1900
Headquarter: The United States

Boise Cascade Company

Establishment: 2004
Headquarter: The United States

UPM-Kymmene Corporation

Establishment: 1996
Headquarter: Finland

Sveza

Establishment: 1997
Headquarter: Russia

Metsa Wood

Establishment: 1947
Headquarter: Finland

Latvijas Finieris

Establishment: 1992
Headquarter: Finland

Austral Plywoods Pty Ltd

Establishment: 1925
Headquarter: Australia

Eksons Corporation Bhd

Establishment: 1990
Headquarter: Malaysia

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