Mexico - North America Wood Based Panel Market Size & Outlook
- Materials
- Construction Materials
- Wood Based Panel Market Outlook
- Construction Materials
Mexico - North America Wood Based Panel Market, 2018-2030 (US$M)
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Mexico wood based panel market highlights
- The Mexico wood based panel market generated a revenue of USD 949.0 million in 2024 and is expected to reach USD 1,678.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.4% 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.
Wood based panel market data book summary
| Market revenue in 2024 | USD 949.0 million |
| Market revenue in 2030 | USD 1,678.9 million |
| Growth rate | 10.4% (CAGR from 2025 to 2030) |
| Largest segment | Plywood |
| Fastest growing segment | OSB |
| 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, Mexico accounted for 0.5% 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 Mexico is anticipated to witness strong growth over the forecast period on account of rising end-use applications. Construction and packaging industries in Mexico are driving the demand for wood based panels.
Ongoing construction projects for commercial and residential premises coupled with rising productivity of manufacturing industry in Mexico are anticipated to drive the product demand in construction and packaging applications.
The country has witnessed an upward trend in its manufacturing, of which, a large share is exported to other regions. Manufacturing of industrial machinery, automobile, and others has surged the import and export operations in the country, in turn, boosting the demand for wood based panels for packaging applications.
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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 |
Mexico - North America 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 35.88% in 2024.
Horizon Databook has segmented the Mexico - North America 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 Mexico is anticipated to witness strong growth over the forecast period on account of rising end-use applications. Construction and packaging industries in Mexico are driving the demand for wood based panels.
Ongoing construction projects for commercial and residential premises coupled with rising productivity of manufacturing industry in Mexico are anticipated to drive the product demand in construction and packaging applications.
The country has witnessed an upward trend in its manufacturing, of which, a large share is exported to other regions. Manufacturing of industrial machinery, automobile, and others has surged the import and export operations in the country, in turn, boosting the demand for wood based panels for packaging applications.
- Mexico - North America Wood Based Panel Market Product Outlook (Revenue, USD Million , 2018-2030)
- MDF
- HDF
- PB
- OSB
- Softboard
- Hardboard
- Plywood
- Mexico - North America 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 country-level data and insights on the Mexico - North America Wood Based Panel Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Wood Based Panel Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Wood Based Panel Market, 2018-2030 (US$M)
Mexico wood based panel market statistics, by product, 2018-2030 (US$M)
