The manufactured wood product establishments manufacture veneer,
plywood, engineered wood members and reconstituted wood products. Some products
produced by this industry include hardwood and softwood veneer, fabricated and
laminated wood arches, wood roof, floor trusses, wood sheets and boards.
The manufactured wood materials market is valued at close to $295
billion in 2017 due to the rising
demand for durable wooden flooring and roofs.
Asia Pacific was the largest
region in the manufactured wood materials market in 2017, accounting for more
than three-fifth of the market share. This was mainly due to a population in
China and India and real estate industry boom in the region, driving demand for
wood flooring, interiors, furniture, door and windows.
The market is segmented into reconstituted wood product, plywood
and veneer sheets. Reconstituted wood was the largest segment in the manufactured
wood materials market followed by plywood as the second largest.
China was the largest country in the manufactured wood materials
market in 2017, accounting for more than 40% of the market share followed by USA
and Russia.
The manufactured wood materials market is relatively fragmented,
with few global players. The top five competitors in the market made up 9% of
the total market in 2017. Georgia-Pacific Corporation was the largest
competitor, followed by Weyerhaeuser Company, Celulosa Arauco y Constitución,
Norbord Inc., and RLC Industries Co. Georgia-Pacific LLC is an American pulp and paper company
based in Atlanta, Georgia, and is one of
the world's largest manufacturers and distributors of tissue, pulp, paper, toilet and paper
towel dispensers, packaging, building
products and related chemicals. As
of May 2016, the company employed more than 35,000 people worldwide. It operates as a subsidiary of Koch Industries,
Inc.
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