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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.
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Business by Lachlan Leeming and Kaitlyn Hudson-O‘Farrell 17th Feb 2021 6:28 AM
Premium Content The state s housing construction industry is on the brink of disaster, with the twin strains of the Black Summer bushfires and soaring international demand for quality pine predicted to cause a major shortfall in timber used for house frames. Industry bodies fear the state s supply of softwood pine could be exhausted as early as April - triggering rocketing construction costs and thousands of job losses. Hyne Timber CEO Jon Kleinschmidt is now appealing for timber that would usually be exported to China to be freighted from interstate to NSW for processing, but said transportation costs meant the move wasn t viable without government subsidies.