U.S. Reconstituted Wood Product Market. Analysis And Forecast to 2030
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View PricingStrong Suburban Housing and Furniture Sales Propel the American Reconstituted Wood Product Market
IndexBox has just published a new report: 'U.S. Reconstituted Wood Product Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.
The U.S. reconstituted wood product market is estimated at approx. $12B, shaped by the performance of the construction and furniture industries. As a result of the lockdown, in February-April 2020, there was a sharp drop in wooden furniture imports and production. Over May-June 2020, production and imports recovered and continued to grow. According to preliminary data, both the American construction industry and the furniture market saw an upturn by the end of 2020.
According to the National Association of Home Builders, single-family construction is the fastest-growing segment, especially in suburbs and rural communities. This reflects the pandemic-related shifts in remote work and social isolation and changing the accommodation to more affordable suburban areas.
Record growth of housing sales boosted reconstituted wood product market growth in 2020. New construction and the need to equip home offices have spurred demand for furniture. This is also true for those who did not buy new homes. People began to work more remotely and pay more attention to their homes, which led to a wave of interior and furniture updates.
Is the American Reconstituted Wood Product Market Independent From Imports?
Reconstituted wood product imports amount to near $2.5B (IndexBox estimates), comprising near 20% of the market. The U.S. features a strong wood material industry. However, room for Canadian products still exists, which is expected to continue in the medium term.
Canada ($1.6B) constituted the largest supplier of reconstituted wood products to the U.S., comprising 66% of total imports. The second position in the ranking was occupied by Chile ($219M), with an 8.8% share of total imports. It was followed by Germany, with a 6.6% share.
What is the Market Prospect Over the Next Decade?
Strong demand for housing, boosted by low interest rates and a shift to more affordable suburban single-family homes, promotes the related downstream industries. In the medium term, subject to maintaining macroeconomic stability, the housing market's growth is expected to continue, which is to drive the reconstituted wood product market. Should the pandemic wane in 2021, the market is to continue measured growth. Driven by the above-mentioned fundamentals, it is expected to reach $14B by 2030.
What Are Major Players in the American Reconstituted Wood Product Market?
Louisiana-Pacific Corporation, Huber Engineered Woods, Polyglass U.S.A., Dominance Industries, Fiberesin Industries, Forest Hambro Products, Norbord Mississippi, Advanced Environmental Recycling Technologies, Clarion Boards, Craftmaster Manufacturing, RTS Packaging, Building Materials Corporation of America, Del-Tin Fiber, Norbord Georgia, Norbord Georgia, Industrial Timber, Martco, Norbord Texas Limited Partnership, Bmca Holdings Corporation, RLC Industries Co., Aconcagua Timber Corp., US Test Company 210, Plum Creek Mdf, Norbord Texas, Panolam Industries International, Collins Timber Company, Morehouse Bioenergy
This report provides an in-depth analysis of the reconstituted wood product market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 321219 - Reconstituted wood product manufacturing
Companies mentioned:
- Louisiana-Pacific Corporation
- Huber Engineered Woods
- Polyglass U.S.A.
- Dominance Industries
- Fiberesin Industries
- Forest Hambro Products
- Norbord Mississippi
- Advanced Environmental Recycling Technologies
- Clarion Boards
- Craftmaster Manufacturing
- RTS Packaging
- Building Materials Corporation of America
- Del-Tin Fiber
- Norbord Georgia
- Norbord Georgia
- Industrial Timber
- Martco
- Norbord Texas Limited Partnership
- Bmca Holdings Corporation
- RLC Industries Co.
- Aconcagua Timber Corp.
- US Test Company 210
- Plum Creek Mdf
- Norbord Texas (nacogdoches)
- Panolam Industries International
- Collins Timber Company
- Morehouse Bioenergy
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
