North America Wood Based Panel Market Size & Outlook
- Materials
- Construction Materials
- Wood Based Panel Market Outlook
- Construction Materials
North America Wood Based Panel Market, 2018-2030 (US$M)
Global Market
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North America wood based panel market highlights
- The North America wood based panel market generated a revenue of USD 31,492.6 million in 2024.
- The market is expected to grow at a CAGR of 8.2% from 2025 to 2030.
- In terms of segment, osb 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, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 31,492.6 million |
| Market revenue in 2030 | USD 50,322.3 million |
| Growth rate | 8.2% (CAGR from 2025 to 2030) |
| Largest segment | Osb |
| 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, North America region accounted for 15.9% 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.
Various regulations pertaining to wood based panel market have been issued in North America. The U.S. Environmental Protection Agency in coalition with the Composite Panel Association (CPA) has laid down standards for formaldehyde emission during the manufacturing process of wood-based panels.
Formaldehyde is emitted into the atmosphere when wood products are burned and is hazardous to the personnel on inhalation. The U.S. OSHA and NIOSHA have mandated wood-based panel manufacturers to provide protective gear to employees in order to safeguard them from the aforementioned hazard.
In 2017, Natural disasters including Irma and Harvey hurricanes devastated hundreds of commercial and industrial holdings in the region. The U.S. Federal Emergency Management Agency (FEMA) used wood based panels to provide shelter to the victims of these disasters, in turn, boosting the product demand.
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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 |
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.
Osb was the largest segment with a revenue share of 44.4% in 2024.
Horizon Databook has segmented the 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.
Various regulations pertaining to wood based panel market have been issued in North America. The U.S. Environmental Protection Agency in coalition with the Composite Panel Association (CPA) has laid down standards for formaldehyde emission during the manufacturing process of wood-based panels.
Formaldehyde is emitted into the atmosphere when wood products are burned and is hazardous to the personnel on inhalation. The U.S. OSHA and NIOSHA have mandated wood-based panel manufacturers to provide protective gear to employees in order to safeguard them from the aforementioned hazard.
In 2017, Natural disasters including Irma and Harvey hurricanes devastated hundreds of commercial and industrial holdings in the region. The U.S. Federal Emergency Management Agency (FEMA) used wood based panels to provide shelter to the victims of these disasters, in turn, boosting the product demand.
- North America Wood Based Panel Market Product Outlook (Revenue, USD Million , 2018-2030)
- MDF
- HDF
- PB
- OSB
- Softboard
- Hardboard
- Plywood
- 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 continent-level data and insights on the North America Wood Based Panel Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Wood Based Panel Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Wood Based Panel Market, 2018-2030 (US$M)
North America wood based panel market statistics, by product, 2018-2030 (US$M)
