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Global Manufactured Wood Materials Industry (2020 to 2027) - Key Market Trends and Drivers - ResearchAndMarkets.com
April 8, 2021 GMT
DUBLIN--(BUSINESS WIRE)--Apr 8, 2021--
Amid the COVID-19 crisis, the global market for Manufactured Wood Materials estimated at US$366.2 Billion in the year 2020, is projected to reach a revised size of US$505.6 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027.
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Plywood, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$242.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Veneer Sheet segment is readjusted to a revised 4.5% CAGR for the next 7-year period.