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The plywood market has experienced substantial growth, expanding from <$121.13 billion in 2023 to <$128.83 billion in 2024, with a compound annual growth rate (CAGR) of 6.4% during the historical period. This growth is driven by emerging market expansion, increasing global population, higher residential construction activity, and favorable interest rates. Moving forward, the market is expected to continue its strong growth, reaching <$162.46 billion by 2028, maintaining a CAGR of 6.0%. This growth is supported by factors such as government support, increased renovation activities, rising urbanization, and growing demand for wooden furniture. Major trends in the forecast period include technological advancements, product innovations, use of biodegradable chemicals for wood preservation, development of termite-free and waterproof plywood, production of fire-resistant plywood, new plant expansions, and strategic collaborations and acquisitions.

The anticipated surge in construction activities is expected to drive the plywood market’s growth. Plywood, essential for its structural support, versatility, and cost-effectiveness in construction, is experiencing increased demand. Stats NZ Tatauranga Aotearoa reported a 3.7% rise in building activities in New Zealand in March 2021, with a 4.3% increase in residential activities in 2021 compared to 2020. Additionally, the US Census Bureau noted a 10.2% growth rate in construction activities, with the value increasing from $1,626.4 billion in 2021 to $1,792.9 billion in 2022.

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What Are The Key Trends That Influence Plywood Market Share Analysis?
Fire-resistant plywood is gaining popularity in the plywood market. This plywood is treated with fire-retardant chemicals to improve fire resistance, known as FR-grade plywood. It is used in public spaces to reduce fire risk, including in large restaurant kitchens and public theatres. For example, in July 2022, Greenply Industries Limited, an India-based company, introduced ‘Green Platinum’, a fire-resistant plywood with E-0 compliance, offering superior fire resistance and waterproof properties.

Which Market Players Are Driving Growth In The Plywood Market?
Major companies operating in the market are F. Hoffmann-La Roche Ltd, Siemens Healthineers AG, Bio-Rad Laboratories Inc, Menarini Group, Danaher Corporation, Tosoh Bioscience Inc, ARKRAY Inc, i-SENS, Inc, Abbott Laboratories, Trinity Biotech plc, Aina Blood Monitoring Sysyem, Getein Biotech Inc, Sugentech, Inc, Alere Inc, bioMerieux, EKF Diagnostics, HemoCue, PTS Diagnostics, Diazyme Laboratories, Osang Healthcare, Ortho Clinical Diagnostics, Ascensia, Platinum Equity (LifeScan), Becton Dickinson and Company, Medtronic PLC, Kainico Ltd, Evia Medical Technologies, Agamatrix Inc, Bionime Corporation, B Braun Melsungen AG.

How Is The Global Plywood Market Segmented?
The plywood market covered in this report is segmented –
1) By Type: Softwood, Hardwood
2) By Application: Furniture, Building And Construction, Transportation, Packaging, Other Applications
3) By End-User: Residential, Commercial

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The Plywood Global Market Report 2024 provides an overview of the plywoodmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plywood market forecast analyzes plywood market size, plywood market share, leading competitor and their market positions.

The Table Of Content For The Plywood Market Include
1. Plywood Market Executive Summary
2. Plywood Market Segments
3. Plywood Market Size And Template Market Growth Rate
4.  Key Plywood Market Trends
5. Major Plywood Market Drivers
……
25. Key Mergers And Acquisitions In The Plywood Market
26. Top Plywood Companies
27. Plywood Market Opportunities And Strategies
28. Plywood Market, Conclusions And Recommendations
29. Appendix

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