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Study #: 2124

Published: 01/2007

Pages: 367

Full Study Price: US$ 4,400

Per Page Price: US$ 35.00 (text) | 60.00 (table)

Wood Panels to 2010 - Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

US demand for wood panels will decline 1.1 percent annually through 2010, restrained by a weak single family housing market. Best prospects will occur in smaller segments such as new nonresidential building and construction improvements and repairs. Nonstructural panels will see marginal increases based on a brighter outlook for manufacturing.

This study analyzes the $18.2 billion US wood panel industry. It presents historical demand data for 1995, 2000 and 2005 and forecasts to 2010 and 2015 by product (e.g., oriented strand board, softwood plywood, particleboard, medium density fiberboard, hardwood plywood, hardboard); by end-use market (e.g., construction, manufacturing); by application (e.g., roofing, flooring, wall sheathing, cabinets); and by US geographic region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 28 major industry players including Georgia-Pacific, Weyerhaeuser, Louisiana-Pacific, Norbord, Roseburg Forest Products, and International Paper.

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TABLE OF CONTENTS
                                    
  
  SECTION                                                          PAGE
  
         INTRODUCTION                                                 x
  
   I.    EXECUTIVE SUMMARY                                            1
  
  II.    MARKET ENVIRONMENT                                           4
         General                                                      4
         Macroeconomic Environment                                    5
         Consumer Income & Spending                                   8
           Personal Income & Expenditures                             9
           Consumer Financing                                        11
         Demographic Trends                                          13
           Population                                                15
           Households                                                17
         Building Construction Trends                                18
           Residential Construction                                  20
              Housing Starts                                         23
              Housing Stock                                          26
              Improvements & Repairs                                 27
           Nonresidential Construction                               29
              Nonresidential Construction Outlook                    30
              Nonresidential Building Stock                          33
         Manufacturing Outlook                                       36
         Furniture Outlook                                           39
         Market Trends                                               41
         Pricing Patterns                                            45
         Regulatory Environment                                      49
           Timber Harvesting Restrictions                            49
           Emissions Regulations                                     51
           Building Codes                                            53
         World Wood Panel Overview                                   54
         US Foreign Trade                                            57
           Imports                                                   58
           Exports                                                   61
  
 III.    OVERVIEW                                                    65
         General                                                     65
         Volume Outlook                                              68
         Value Outlook                                               72
  
  IV.    STRUCTURAL PANELS                                           75
         General                                                     75
         Supply & Demand                                             77
         Oriented Strand Board                                       80
           OSB Construction Markets                                  85
           OSB Manufacturing Markets                                 89
           OSB Capacity                                              91
           OSB Announced Capacity Additions                          93
         Softwood Plywood                                            95
           Softwood Plywood Construction Markets                     99
           Softwood Plywood Manufacturing Markets                   103
           Softwood Plywood Capacity                                105
  
   V.    NONSTRUCTURAL PANELS                                       109
         General                                                    109
         Supply & Demand                                            110
         Particleboard                                              113
           Particleboard Construction Markets                       117
           Particleboard Manufacturing Markets                      121
           Particleboard Capacity                                   123
         Medium Density Fiberboard                                  125
           MDF Construction Markets                                 130
           MDF Manufacturing Markets                                133
           MDF Capacity                                             136
         Hardwood Plywood                                           138
           Hardwood Plywood Construction Markets                    141
           Hardwood Plywood Manufacturing Markets                   144
           Hardwood Plywood Capacity                                146
         Hardboard                                                  148
           Hardboard Construction Markets                           151
           Hardboard Manufacturing Markets                          155
           Hardboard Capacity                                       156
         Other Fiberboard Panels                                    158
           Other Fiberboard Construction Markets                    160
           Other Fiberboard Manufacturing Markets                   164
           Other Fiberboard Capacity                                165
  
  VI.    MARKETS                                                    167
         General                                                    167
         Construction Markets by Application                        169
           Roofing                                                  173
           Flooring                                                 176
           Wall Sheathing                                           180
           Cabinets                                                 183
           Siding                                                   187
           Doors & Windows                                          192
           Interior Paneling                                        194
           Other Construction Applications                          197
         Construction Markets by End Use                            199
           Residential                                              201
              Conventional Housing                                  203
              Manufactured Housing                                  203
              New Construction                                      204
              Improvement & Repair                                  205
           Nonresidential                                           206
              Office & Commercial                                   207
              Institutional                                         208
              Industrial                                            208
              Other Nonresidential Construction                     209
              New Construction                                      209
              Improvement & Repair                                  210
         Manufacturing Markets                                      210
           Furniture & Fixtures                                     212
           Engineered Wood Products                                 217
           Transportation Equipment                                 219
           Material Handling Equipment                              221
           Other                                                    224
  
   VII.  DEMAND BY REGION                                           227
         General                                                    227
         Regional Demographic & Economic Trends                     228
           Population Patterns                                      229
           Economic Outlook                                         231
           Construction Activity                                    233
           Housing Trends                                           236
         Regional Demand for Wood Panel Products                    237
           Northeast                                                240
              New England                                           243
              Middle Atlantic                                       245
           Midwest                                                  246
              East North Central                                    249
              West North Central                                    250
           South                                                    251
              South Atlantic                                        255
              East South Central                                    257
              West South Central                                    258
           West                                                     259
              Mountain                                              263
              Pacific                                               264
  
  VIII.  INDUSTRY STRUCTURE                                         266
         General                                                    266
         Industry Composition                                       267
         Market Share                                               271
           Georgia-Pacific                                          272
           Weyerhaeuser                                             273
           Louisiana-Pacific                                        273
           Norbord                                                  274
           Roseburg Forest Products                                 274
           International Paper                                      274
           Other Leaders                                            275
         Vertical & Horizontal Integration                          275
         Product Development                                        277
         Manufacturing                                              279
         Marketing                                                  281
         Distribution                                               284
         Mergers & Acquisitions                                     286
         Cooperative Agreements                                     287
         Company Profiles                                           289
           Ainsworth Lumber Company Limited                         291
           Boise Cascade Holdings LLC                               295
           Canfor Corporation                                       297
           Collins Companies Incorporated                           300
           Columbia Forest Products                                 301
           Del-Tin Fiber LLC, see Temple-Inland                        
           Flakeboard Company Limited                               305
           Georgia-Pacific Corporation, see Koch Industries            
           Grant Forest Products Incorporated                       308
           Great Lakes MDF LLC                                      310
           Hood Companies                                           312
           Hoover Treated Wood Products Incorporated                313
           Huber Engineered Woods LLC, see Huber (JM)                  
           Huber (JM) Corporation                                   315
           Hunt Forest Products Incorporated                        318
           IP Wood Products, see International Paper                   
           International Paper Company                              319
           Knight-Celotex LLC                                       321
           Koch Industries Incorporated                             323
           Langboard Incorporated                                   330
           Louisiana-Pacific Corporation                            331
           Martco LP, see Martin (Roy O.) Lumber Management            
           Martin (Roy O.) Lumber Management LLC                    336
           Multiple Plywood, see Columbia Forest Products              
           Norbord Incorporated                                     338
           Plum Creek Timber Company Incorporated                   342
           Potlatch Corporation                                     344
           Rocky Creek Lumber Company, 
              see Martin (Roy O.) Lumber Management                    
           Roseburg Forest Products Company                         346
           SierraPine Limited                                       351
           Stimson Lumber Company Incorporated                      354
           Temple-Inland Incorporated                               355
           Timber Products Company                                  359
           Trus Joist, see Weyerhaeuser                                
           Tolko Industries Limited                                 361
           Weyerhaeuser Company                                     363
                             

                          LIST OF TABLES
                                   
    TABLE NUMBER                                                   PAGE
  
         SECTION I -- EXECUTIVE SUMMARY
         Summary Table                                                3
  
         SECTION II -- MARKET ENVIRONMENT
    1    Macroeconomic Trends                                         8
    2    Personal Income & Expenditures                              10
    3    Consumer Financing Environment, 1995-2005                   13
    4    Population & Households                                     15
    5    Building Construction Expenditures                          20
    6    Residential Construction Expenditures                       23
    7    Housing Environment                                         26
    8    Residential Improvement & Repair Expenditures               29
    9    Nonresidential Construction Expenditures                    33
   10    Nonresidential Building Stock                               36
   11    Manufacturing Outlook                                       39
   12    Furniture Shipments                                         41
   13    Wood Panel Market Trends                                    44
   14    Wood Panel Pricing Trends                                   48
   15    Wood Panel Foreign Trade                                    58
  
         SECTION III -- OVERVIEW
    1    Wood Panel Demand & Supply                                  71
    2    Wood Panel Market Value by Product                          74
  
         SECTION IV -- STRUCTURAL PANELS
    1    Structural Panel Demand & Supply                            79
    2    Oriented Strand Board Demand & Supply                       85
    3    Construction Markets for Oriented Strand Board              88
    4    Manufacturing Markets for Oriented Strand Board             91
    5    Oriented Strand Board Domestic Capacity by Producer, 2005   93
    6    Anticipated Changes in Oriented Strand Board 
           Domestic Capacity by Producer, 2006-2008                  95
    7    Softwood Plywood Demand & Supply                            98
    8    Construction Markets for Softwood Plywood                  102
    9    Manufacturing Markets for Softwood Plywood                 105
   10    Softwood Plywood Domestic Capacity by Producer, 2005       108
  
         SECTION V -- NONSTRUCTURAL PANELS
    1    Nonstructural Panel Demand & Supply                        112
    2    Particleboard Demand & Supply                              117
    3    Construction Markets for Particleboard                     120
    4    Manufacturing Markets for Particleboard                    123
    5    Particleboard Domestic Capacity by Producer, 2005          125
    6    Medium Density Fiberboard Demand & Supply                  130
    7    Construction Markets for Medium Density Fiberboard         133
    8    Manufacturing Markets for Medium Density Fiberboard        135
    9    Medium Density Fiberboard Domestic Capacity
           by Producer, 2005                                        137
   10    Hardwood Plywood Demand & Supply                           141
   11    Construction Markets for Hardwood Plywood                  143
   12    Manufacturing Markets for Hardwood Plywood                 146
   13    Hardwood Plywood Domestic Capacity by Producer, 2005       148
   14    Hardboard Demand & Supply                                  151
   15    Construction Markets for Hardboard                         154
   16    Manufacturing Markets for Hardboard                        156
   17    Hardboard Domestic Capacity by Producer, 2005              157
   18    Other Fiberboard Demand & Supply                           160
   19    Construction Markets for Other Fiberboard                  163
   20    Manufacturing Markets for Other Fiberboard                 165
  
         SECTION VI -- MARKETS
    1    Wood Panel Demand by Market                                169
    2    Wood Panel Construction Markets by Application             172
    3    Roofing Market for Wood Panels by Product                  176
    4    Flooring Market for Wood Panels by Product                 180
    5    Wall Sheathing Market for Wood Panels by Product           183
    6    Cabinet Market for Wood Panels by Product                  187
    7    Siding Market for Wood Panels by Product                   191
    8    Doors & Windows Market for Wood Panels by Product          194
    9    Interior Paneling Market for Wood Panels by Product        196
   10    Other Construction Markets for Wood Panels by Product      199
   11    Wood Panel Construction Markets by End Use                 201
   12    Residential Wood Panel Market by Housing Type & Segment    202
   13    Nonresidential Wood Panel Market by Building 
           Type & Segment                                           207
   14    Manufacturing Wood Panel Markets by Application            212
   15    Furniture & Fixture Market for Wood Panels by Product      216
   16    Engineered Wood Products Market for Wood Panels by Product 219
   17    Transportation Equipment Market for Wood Panels by Product 221
   18    Material Handling Market for Wood Panels by Product        224
   19    Other Manufacturing Markets for Wood Panels by Product     226
  
         SECTION VII -- DEMAND BY REGION
    1    US Resident Population by Region                           231
    2    Regional Gross Domestic Product                            233
    3    Regional Construction Expenditures                         235
    4    Regional Housing Starts & Stock                            237
    5    Wood Panel Demand by Region                                239
    6    Northeast Wood Panel Demand by Subregion & Product         243
    7    Midwest Wood Panel Demand by Subregion & Product           249
    8    South Wood Panel Demand by Subregion & Product             255
    9    West Wood Panel Demand by Subregion & Product              263
  
         SECTION VIII -- INDUSTRY STRUCTURE
    1    US Wood Panel Revenues for Selected Companies, 2005        270
    2    Selected Acquisitions & Divestitures                       287
    3    Selected Cooperative Agreements                            289
  
    

                           LIST OF CHARTS
                                   
    CHART NUMBER                                                   PAGE
  
         SECTION II -- MARKET ENVIRONMENT
    1    Year of Construction of Housing Stock, 2005                 27
    2    Wood Panel Market Trends, 1996-2005                         45
    3    Wood Panel Pricing Trends, 1995-2005                        49
    4    Wood Panel Imports by Product Type, 2005                    61
    5    Wood Panel Exports by Product Type, 2005                    64
  
         SECTION III -- OVERVIEW
    1    Wood Panel Demand by Product Segment, 1995-2015             72
    2    US Wood Panel Demand & Shipments, 1995-2015                 74
  
         SECTION IV -- STRUCTURAL PANELS
    1    Structural Panel Demand by Product, 1995-2015               80
    2    Construction Markets for Oriented Strand Board, 2005        89
    3    Construction Markets for Softwood Plywood, 2005            103
  
         SECTION V -- NONSTRUCTURAL PANELS
    1    Nonstructural Panel Demand by Product, 2005                113
    2    Construction Markets for Particleboard, 2005               120
    3    Construction Markets for Hardwood Plywood, 2005            144
    4    Construction Markets for Hardboard, 2005                   154
  
         SECTION VI -- MARKETS
    1    Wood Panel Construction Markets by Application, 2005       173
    2    Siding Market for Wood Panels by Product, 1995-2015        192
    3    Furniture & Fixture Market for Wood Panels 
           by Product, 2005                                         217
  
         SECTION VII -- DEMAND BY REGION
    1    Wood Panel Demand by Region, 2005                          240
  
         SECTION VIII -- INDUSTRY STRUCTURE
    1    Wood Panel Market Share, 2005                              272
  
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