The global market of wood-based panels


Release time:

2023/09/22

The global market of wood-based panels

The global wood-based panel market is expected to grow from $152.37 billion in 2022 to $164.89 billion in 2023, with a compound annual growth rate (CAGR) of 8.2%.

The Russia-Ukraine war has, at least in the short term, undermined the global economy's chances of recovering from the COVID-19 pandemic.

The war between the two countries has led to economic sanctions on several countries, soaring commodity prices and supply chain disruptions that have affected many markets around the world.

The market is expected to reach $220.6 billion by 2027, with a compound annual growth rate of 7.5%.

In 2022, the Asia-Pacific region will be the largest region in the wood-based panel market. Asia Pacific is expected to be the fastest growing region during the forecast period.
 

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