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The global wood based panel market size is estimated to reach USD 247.23 billion by 2027, exhibiting a revenue-based CAGR of 6.9% during the forecast period, as per a new report published by Radiant Insights, Inc.

Rising demand for these panels to manufacture residential and home furniture, Ready-to-Assemble (RTA) products, and small accent pieces is anticipated to positively impact the growth.

The trends such as production of lightweight furniture and wood products and innovations in surfacing to apply the new coating materials are expected to drive the market in the forthcoming years.

Further key findings from the report suggest: • Plywood segment accounted for the largest wood based panels market share of 39.56% in 2019, owing to the exceptional properties offered by the product such as high strength, durability, and moisture resistance • Furniture dominated the application segment in 2019 and is expected to remain as the largest application of wood based panels over the forecast period owing to rising adoption of recyclable and eco-friendly furniture for residential and non-residential purposes • The demand in construction application is expected to register a CAGR of 8% during the forecast period, on account of rising product demand for manufacturing durable and lightweight doors, windows, and wall solutions • Malaysian Conglomerate Samling Group of Companies established a joint venture with Masonite International Corporation, an American global building products company, for the manufacturing and distribution of woods Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/wood-based-panel-market Table of Contents Chapter 1.

Secondary Sources & Third-Party Perspectives1.3.4.

In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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Industry Overview of the Wood Based Panel Market 2020The research report titled Global Wood Based Panel Market is an all-inclusive document containing crucial data pertaining to sales and revenue of the Wood Based Panel industry.

The report provides historical data (2017-2018) of the industry and provides valuable forecast information for the period of 2020-2027.

The report is formulated with the analysis of current and emerging trends based on the impact of the COVID-19 pandemic.

The pandemic has changed the dynamics of the market and has drastically shaken up the economic scenario of the world.

It also covers trends, demands, and growth rates impacted by the ongoing crisis.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3251The forecast estimation states the global Wood Based Panel market is expected to dominate the economic sphere of the world with significant growth in the coming years.

The current and emerging trends are expected to shape up the industry and help in gaining a strong foothold in the global market to contribute to the revenue generation.The Global Wood Based Panel market is further analyzed on the basis of key companies operating in the business sphere and major geographical regions where the market has a substantial size and growth rate.Prominent Players: Georgia-Pacific, Kastamonu Entegre, Norbord Inc, EGGER Group, Starbank Panel Products Ltd., SGS Industrial Services, Dare Panel Group Co., Ltd., Kronospan Limited, Klenk Holz GmbH, and Robin Wood, among others.For the purpose of this report, Reports and Data have segmented into the global Wood Based Panel market on the basis of product, distribution channel, application, and region:Product Outlook (Revenue, USD Billion; 2017-2027)PlywoodHardboardSoftboardOriented Strand BoardParticleboardHigh Density FiberboardMedium Density FiberboardDistribution Channel Outlook (Revenue, USD Billion; 2017-2027)Offline StoresOnline StoresApplication Outlook (Revenue, USD Billion; 2017-2027)PackagingConstructionFurnitureZonal Partition of the Market: North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.The report covers extensive analysis of market segments that are anticipated to lead by the end of the forecast period (2020-2027).