Utilizing Man-made Wood To Increase Revenues.

05 Aug 2017 10:06

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The engineered wood products segment is gaining popularity and it is the fastest growing segment in manufactured wood materials market. Engineered wood is manufactured by binding veneers, boards of wood, fibers and particles with adhesives and it is widely used by customers in the construction industry. They are pre-finished, durable, water resistant and easier to mount. The engineered wood products include I-beams, laminated veneer lumber products and glulam products. I-beam product is widely used in load-bearing commercial and residential applications. These beams are of high-strength and are used to manufacture supporting structures. The end users of engineered wood products are non-residential floors manufacturers, floor and roof remodelers, non-residential sectors and new residential roof manufacturers.


The Business Research Company expects the manufactured wood materials market to grow to $378 billion in 2020. Asia was the largest region in the manufactured wood materials market in 2016, accounting for $147 billion or 63.8% market share. This was mainly due to a population in China and India and real estate industry boom in the region, driving demand for wood flooring, interiors, furniture, door and windows.

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The chart below shows the year-on-year growth of the global manufactured wood materials market during 2016 - 2020.


According to The Business Research Company’s Manufacturing Consultant, Abdul Wasay, major companies in this industry are entering into strategic partnerships and collaborations with complementary industries. Some of the companies are acquiring existing market players to increase their geographical presence and enhance its expertise. For instance, In June 2016, ARAUCO completed 50% share purchase agreement of Tafisa (a subsidiary of Portugal based company Sonae Industrial) to form a new joint venture Sonae-Arauco. This joint venture will focus on the manufacturing and marketing of OSB, MDF, particleboard panels, and sawn timber. Through this initiative, ARAUCO focuses on strengthening its manufactured wood materials market in Europe and South Africa

Among big and small players in the manufactured wood materials market Georgia Pacific emerged as the largest company with revenues of $17 billion in 2015. The company through its parent company Koch Industries’ distribution channel focuses on expanding its business operations outside the US. Georgia-Pacific focuses on deliver innovative solutions such as hygienic dispensing products from the collected paper dust that comes from recovering corrugated waste for recycling. Its sustainability strategy includes minimizing the impact on environment; paper recovery and recycling; recycling its products; reuse of its products; and renewing of its products. Its growth strategy includes strategic expansion in new areas to strengthen its business operations. For instance, in September 2016, it completed lumber operation in its Gurdon, Arkansas with an investment of $40 million. The expansion also include the installation of a new continuous dry kiln, a state-of-the-art planer mill.

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The Veneer, Plywood, and Engineered Wood Product establishments manufacture veneer, plywood, engineered wood members and reconstituted wood products. Some products produced by this industry include hardwood and softwood veneer, fabricated and laminated wood arches, wood roof, floor trusses, wood sheets and boards.

The market can be further classified into the following segments:
Hardwood Veneer and Plywood Manufacturing establishments’ engage in the manufacturing and marketing of hardwood veneer and plywood such as panels, hardwood plywood, commercial plywood or prefinished hardwood plywood including non-wood backed or faced veneer and non-wood faced plywood from veneer. Companies in this industry focus on production of veneer for the manufacturing of wood containers such as fruit and vegetable baskets and wood boxes. Some of the key products of the segment are hardwood plywood composites, hardwood veneer or plywood, panels, hardwood plywood, hardwood or hardwood faced, prefinished hardwood plywood and veneer hardwood products.
Softwood Veneer and Plywood Manufacturing include companies’ producing commercial softwood veneer and plywood from the raw veneer produced by the same company or purchased from other companies in the market. The key products of the segment are fruit and vegetable baskets and wood boxes softwood panels’, softwood plywood, composites softwood veneer and veneer mill products.

Engineered Wood Member (except Truss) Manufacturing establishments produce fabricated or laminated wood arches, fabricated and laminated wood structured products. Some of the key products include finger joint lumber manufacturing, i-joists, fabricating laminated veneer lumber, parallel strand lumber manufacturing timbers and structural, glue laminated or pre-engineered wood.
Truss Manufacturing establishments primarily engage in the manufacturing and marketing of wood i-joists including floor trusses, roof trusses, glue laminated or pre-engineered wood manufacturing, wood roof or floor trusses, and wood, glue laminated and metal connected trusses.

Reconstituted Wood Product Manufacturing include establishments engaged in manufacturing and marketing of reconstituted wood products including hardboard, particleboard, insulation board, medium density fiberboard, wafer-board, and oriented strand board products.

Manufactured Wood Materials Global Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.

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