The Global Market for Wood Panels is Projected to Reach 620 Million Cubic Meters by 2024
Growing Demand for High Performance & Affordable OSB and MDF Panels with Excellent Shear Strength to Drive the Wood Panels Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Wood Panels market. The global market for Wood Panels is projected to reach 620 million cubic meters by 2024 , driven by growing demand for Oriented Strand Board (OSB) and Medium Density Fiberboard (MDF) supported by their superiority over plywood and other substitutes, and positive outlook for new construction and renovation activity globally. Wood panels represent a conventional material used in the construction and furniture sectors. New housing construction along with activities related to repair and remodeling are the primary drivers of the wood panels demand globally. Superior attributes of Oriented Strand Board (OSB) and Medium Density Fiberbo...