Canada Wood Based Panel Market Size & Outlook, 2025-2030
- Materials
- Construction Materials
- Wood Based Panel Market Outlook
- Construction Materials
Canada Wood Based Panel Market, 2018-2030 (US$M)
Global Market
Related Markets
Ask Prism AI anything about the wood based panel market
Get a cited answer from GVR research in seconds: segment shares, growth drivers, regulation and forecast assumptions.
Canada wood based panel market highlights
- The Canada wood based panel market generated a revenue of USD 3,292.7 million in 2024 and is expected to reach USD 5,390.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.8% from 2025 to 2030.
- In terms of segment, plywood was the largest revenue generating product in 2024.
- Softboard is the most lucrative product segment registering the fastest growth during the forecast period.
Wood based panel market data book summary
| Market revenue in 2024 | USD 3,292.7 million |
| Market revenue in 2030 | USD 5,390.8 million |
| Growth rate | 8.8% (CAGR from 2025 to 2030) |
| Largest segment | Plywood |
| Fastest growing segment | Softboard |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, Canada accounted for 1.7% of the global wood based panel market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. wood based panel market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,678.9 million by 2030.
Wood based panel market in Canada is expected to witness significant growth over the forecast period on account of growth in application industries. Construction activities in the country are anticipated to propel the demand for wood based panels for wall structures and interior decorations.
Moreover, furniture industry in Canada has been a significant contributor to wood industry and is projected to continue this trend in the coming years. This is expected to boost the demand for wood based panels in the country.
Oriented strand boards and plywood are widely used wood based panels in the country on account of wide availability and early acceptance in application industries including construction and furniture.
No credit card required*
Publish Date: Feb 27, 2025
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
- Turnaround
- 5–10 working days
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
Canada 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 54.95% in 2024.
Horizon Databook has segmented the Canada 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.
Wood based panel market in Canada is expected to witness significant growth over the forecast period on account of growth in application industries. Construction activities in the country are anticipated to propel the demand for wood based panels for wall structures and interior decorations.
Moreover, furniture industry in Canada has been a significant contributor to wood industry and is projected to continue this trend in the coming years. This is expected to boost the demand for wood based panels in the country.
Oriented strand boards and plywood are widely used wood based panels in the country on account of wide availability and early acceptance in application industries including construction and furniture.
- Canada Wood Based Panel Market Product Outlook (Revenue, USD Million , 2018-2030)
- MDF
- HDF
- PB
- OSB
- Softboard
- Hardboard
- Plywood
- Canada Wood Based Panel Market Application Outlook (Revenue, USD Million , 2018-2030)
- Furniture
- Construction
- Packaging
Reasons to subscribe to Wood Based Panel Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Wood Based Panel Market Outlook databook
- Our clientele includes a mix of Wood Based Panel Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada Wood Based Panel Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Wood Based Panel Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Wood Based Panel Market, 2018-2030 (US$M)
Canada wood based panel market statistics, by product, 2018-2030 (US$M)
