Plywood: Softwood & Hardwood

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Plywood

This study examines the US market for plywood, an assembly of three or more layers of wood veneer sheets joined by an adhesive with the grains of adjacent sheets at right angles for added dimensional stability. Plywood is divided into two main categories:

softwood structural boards
hardwood nonstructural boards

Markets for these products encompass construction and industrial uses. Construction uses include:

roofing (e.g., sheathing, decking, framing, trim)
flooring (subflooring and finish flooring)
wall sheathing
cabinets (e.g., cabinet boxes, drawers, drawer fronts, doors)
siding
other construction applications, including moulding and trim, stairways, concrete formwork, temporary shelters, decks, interior paneling, and porches

Industrial applications include:

furniture and fixtures (e.g., ready-assemble household furniture, office furniture, wood partitions, shelving)
engineered wood products, including the manufacture of plywood, I-joists, and rim boards
material handling products (e.g., pallets, crating, packaging products, bins, tanks)
transportation equipment (e.g., recreational vehicles, boats, trucks, trailers, buses, rail cars)
other manufactured goods, including signs, appliance cabinets, trophies and plaques, crafts, sports and exercise equipment, musical instruments, and toys and games

Historical data for 2009, 2014, and 2019 and forecasts to the years 2024 and 2029 are provided for plywood shipments and demand in square feet and current dollars. Data in square feet are actually volumetric measurements since softwood and hardwood plywood are each associated with a standard thickness: 3/8 inch for softwood and3/4 inch for hardwood.

Data for each plywood type are provided in terms of that product’s standard thickness. In order to improve the comparability of plywood demand in volume terms across different board types, data are converted to a 3/8-inch basis. These measures are used for product aggregations.

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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Supply & Demand

Demand by Type

Demand by Market

Construction Markets

Industrial Markets

Pricing Trends

Competitive Products

4. Softwood Plywood

Product Description

Supply & Demand

Trade

Demand by Market

Competitive Products

Capacity & Leading Producers

5. Hardwood Plywood

Product Description

Supply & Demand

Trade

Demand by Market

Competitive Products

Capacity & Leading Producers

6. Key Suppliers & Market Share

Industry Composition

Market Share

Mergers & Acquisitions

7. Appendix

Scope

Definitions

Freedonia Methodology

Study Specific Methodology

Sources

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Residential Building Construction

Residential Improvements & Repairs

Commercial Building Construction

Commercial Building Improvements & Repairs

Manufacturers' Shipments

List of Tables

3. Overview

Table 3-1 | Plywood Demand, 2009 - 2019 (million dollars & million square feet - 3/8-inch basis)

Table 3-2 | Plywood Supply & Demand, 2009 - 2029 (million square feet - 3/8-inch basis)

Table 3-3 |Plywood Demand by Type, 2009 - 2029 (million dollars & million square feet - 3/8-inch basis)

Table 3-4 | Plywood Demand by Market, 2009 - 2029 (million square feet - 3/8-inch basis)

Table 3-5 | Construction Plywood Demand by Type & Application, 2009 - 2029 (million square feet - 3/8-inch basis)

Table 3-6 | Industrial Plywood Demand by Type & Application, 2009 - 2029 (million square feet - 3/8-inch basis)

Table 3-7 | Plywood Average Prices by Type, 2009 - 2029 (dollars per thousand square feet - product standard basis)

4. Softwood Plywood

Table 4-1 | Softwood Plywood Supply & Demand, 2009 - 2029 (million square feet - 3/8-inch basis)

Table 4-2 | Softwood Plywood Demand by Market, 2009 - 2029 (million square feet - 3/8-inch basis & million dollars)

Table 4-3 | US Softwood Plywood Production Capacity, 2019 (million square feet)

5. Hardwood Plywood

Table 5-1 | Hardwood Plywood Supply & Demand, 2009 - 2029 (million square feet - 3/4-inch basis)

Table 5-2 | Hardwood Plywood Demand by Market, 2009 - 2029 (million square feet - 3/4-inch basis & million dollars)

Table 5-3 | US Hardwood Plywood Production Capacity, 2019 (million square feet)

6. Key Suppliers & Market Share

Table 6-1 | Selected Mergers & Acquisitions

7. Appendix

Table 7-1 | Relevant Industry Codes

Table 7-2 | Relevant HS Codes

Table 7-3 | Macroeconomic Indicators, 2009 - 2029 (billion 2012 dollars)

Table 7-4 | Population & Households, 2009 - 2029 (million persons)

Table 7-5 | Residential Building Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)

Table 7-6 | Residential Improvement & Repair Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)

Table 7-7 | Commercial Building Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)

Table 7-8 | Commercial Building Improvement & Repair Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)

Table 7-9 | Manufacturers' Shipments, 2009 - 2029 (billion 2012 dollars & billion dollars)

List of Figures

1. Executive Summary

Figure 1-1 | Plywood Market Outlook

2. About This Report

Figure 2-1 | Plywood Demand, 2009 - 2024 (million square feet - 3/8-inch basis)

3. Overview

Figure 3-1 | Plywood Demand, 2009 - 2019 (million dollars)

Figure 3-2 | Plywood Demand by Type, 2009 - 2029 (million square meters - 3/8-inch basis)

Figure 3-3 | Plywood Demand by Market, 2009 - 2029 (million square feet - 3/8-inch basis)

Figure 3-4 | Construction Market for Plywood by Application, 2009 - 2029 (million square feet - 3/8-inch basis)

Figure 3-5 | Industrial Market for Plywood by Application, 2009 - 2029 (million square feet - 3/8-inch basis)

Figure 3-6 | Plywood Average Price by Type, 2009 - 2029 (dollars per thousand square feet - product standard basis)

Figure 3-7 | Comparative Growth: Plywood & Competitive Products, 2019 - 2024 (% CAGR)

4. Softwood Plywood

Figure 4-1 | Softwood Plywood: Product Examples

Figure 4-2 | Softwood Plywood Trade, 2009 - 2019 (million square feet - 3/8-inch basis)

Figure 4-3 | Softwood Plywood Competitive Products

5. Hardwood Plywood

Figure 5-1 | Hardwood Plywood: Product Examples

Figure 5-2 | Hardwood Plywood Trade, 2009 - 2019 (million square feet - 3/4-inch basis)

Figure 5-3 | Hardwood Plywood Competitive Products

6. Key Suppliers & Market Share

Figure 6-1 | US Plywood Market Share by Company, 2019 (million dollars)

7. Appendix

Figure 7-1 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average (percent)

Figure 7-2 | Annual Population Growth, 2004 - 2019 (percent)