Asia Pacific Wood Based Panel Market Size & Outlook
- Materials
- Construction Materials
- Wood Based Panel Market Outlook
- Construction Materials
Asia Pacific Wood Based Panel Market, 2018-2030 (US$M)
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Asia Pacific wood based panel market highlights
- The Asia Pacific wood based panel market generated a revenue of USD 109,618.6 million in 2024.
- The market is expected to grow at a CAGR of 5.6% from 2025 to 2030.
- In terms of segment, plywood was the largest revenue generating product in 2024.
- OSB is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 109,618.6 million |
| Market revenue in 2030 | USD 156,685.4 million |
| Growth rate | 5.6% (CAGR from 2025 to 2030) |
| Largest segment | Plywood |
| Fastest growing segment | OSB |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | MDF, HDF, PB, OSB, Softboard, Hardboard, Plywood |
| Key market players worldwide | Dongwha Enterprise, Kronospan, SGS, EGGER Group, Norbord Industries, Kastamonu Entegre, Georgia-Pacific, ARAUCO, Canfor Corp, Pfeiffer Vacuum Technology AG, Sumitomo Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 55.4% of the global wood based panel market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 50,322.3 million by 2030.
The regional government’s initiatives to implement RFID sensors in wood packaging products coupled with strengthening economy of countries, such as China, India, and Japan, are expected to boost the demand for wood-based panels over the forecast period.
The Southeast Asia Lumber Producers Association (SEALPA) regulates the exports of woodbased panel products from Indonesia, the Philippines, Malaysia, and Papua New Guinea.
The construction industry in China has suffered a severe setback due to the strict regulatory checks imposed by the regional regulatory agencies. The advantage to the companies in the region of lower labor costs and environmental costs is rapidly being offset as both these costs are escalating in the region.
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Publish Date: Feb 27, 2025
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Wood Based Panel Market Scope
Wood Based Panel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sumitomo Corp | View profile | 108,457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | www.sumitomocorp.co.jp |
| Georgia-Pacific | View profile | 10001+ | Atlanta, Georgia, United States, North America | www.gp.com/aboutus/companyoverview/index.html |
| Dongwha Enterprise | View profile | 1001-5000 | Yongdungpo, Seoul-t'ukpyolsi, South Korea, Asia | www.dongwha.co.kr |
| Norbord Industries | View profile | 10001+ | Toronto, Ontario, Canada, North America | www.norbord.com |
| Kronospan | View profile | 10001+ | Chirk, Wrexham, United Kingdom, Europe | kronospan.com/ |
| EGGER Group | View profile | 5001-10000 | Sankt Johann In Tirol, Tirol, Austria, Europe | www.egger.com |
| Kastamonu Entegre | View profile | 5001-10000 | Üsküdar, Istanbul, Turkey, Europe | www.keas.com.tr |
| ARAUCO | View profile | 10001+ | Las Condes, Region Metropolitana, Chile, South America | www.arauco.cl |
| SGS | View profile | 10001+ | Geneva, Geneve, Switzerland, Europe | www.sgs.com/ |
| Canfor Corp | View profile | 7,580 | 101-161 East 4th Avenue, Vancouver, BC, Canada, V5T 1G4 | www.canfor.com |
Asia Pacific Wood Based Panel Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Wood Based Panel Market Outlook will help companies and investors design strategic landscapes.
Plywood was the largest segment with a revenue share of 63.7% in 2024.
Horizon Databook has segmented the Asia Pacific wood based panel market based on mdf, hdf, pb, osb, softboard, hardboard, plywood covering the revenue growth of each sub-segment from 2018 to 2030.
The regional government’s initiatives to implement RFID sensors in wood packaging products coupled with strengthening economy of countries, such as China, India, and Japan, are expected to boost the demand for wood-based panels over the forecast period.
The Southeast Asia Lumber Producers Association (SEALPA) regulates the exports of woodbased panel products from Indonesia, the Philippines, Malaysia, and Papua New Guinea.
The construction industry in China has suffered a severe setback due to the strict regulatory checks imposed by the regional regulatory agencies. The advantage to the companies in the region of lower labor costs and environmental costs is rapidly being offset as both these costs are escalating in the region.
- Asia Pacific Wood Based Panel Market Product Outlook (Revenue, USD Million , 2018-2030)
- MDF
- HDF
- PB
- OSB
- Softboard
- Hardboard
- Plywood
- Asia Pacific Wood Based Panel Market Application Outlook (Revenue, USD Million , 2018-2030)
- Furniture
- Construction
- Packaging
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Wood Based Panel Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Wood Based Panel Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Wood Based Panel Market, 2018-2030 (US$M)
Asia Pacific wood based panel market statistics, by product, 2018-2030 (US$M)
