Wood Panels

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Wood Panels

This study examines the US market for wood panels (building boards). This includes structural boards (oriented strand board (OSB) and softwood plywood) and nonstructural boards:

  • hardwood plywood
  • particleboard
  • medium density fiberboard (MDF)
  • hardboard
  • insulation board
  • low density fiberboard (softboard)

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
  • doors (and, though a negligible portion of the market, windows – primarily hurricane-proof storm types)
  • interior paneling
  • other construction applications, including moulding and trim, stairways, concrete formwork, temporary shelters, decks, 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

In addition to providing wood panel demand by product type and market, the study also discusses demand by US region.

Historical data for 2009, 2014, and 2019 and forecasts to the years 2024 and 2029 are provided for wood panel production and demand in square feet and current dollars. Data in square feet are actually volumetric measurements since the various types of wood panels are each associated with a standard thickness. These standard thicknesses (as most commonly accepted within the industry) are:

  • 1/8 inch – hardboard
  • 3/8 inch for OSB and softwood plywood
  • 1/2 inch for insulation board and low density fiberboard
  • 3/4 inch for particleboard, hardwood plywood, and MDF

Data for each board type are provided in terms of that product’s standard thickness. In order to improve the comparability of wood panel demand in volume terms across different board types, data are converted to a 3/8-inch basis. These measures are used in the market and regional sections, as well as for product aggregations in the product sections. Unless another thickness is specified, square feet measurements in the study are on a 3/8-inch basis.

Wood panels used as a component of other wood panel products, such as particleboard used to make plywood, are counted separately and considered to be engineered wood for the purposes of this study. Although this results in some double counting of wood panel demand, this treatment is in line with that used within the industry.

Data from the US Census Department were consulted in the preparation of this study and a list of related codes is presented here for informational purposes. However, these codes may not include all products covered in this report or may exclude some products of interest and the data have thus been adjusted accordingly.

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  1. Wood Panels

    $5,000.00

    1. 1 Executive Summary

      $82.00

      1. Figure 1-1 | US Wood Panels Market

    2. 2 Supply & Demand

      $998.00

      1. 2.1 Study Scope

        $82.00

      2. 2.2 Historical Trends

        $154.00

        1. Table | Wood Panel Demand, 2009 – 2019

        2. Figure 2-1 | Wood Panel Demand, 2009 – 2019

      3. 2.3 Impact of COVID-19

        $82.00

      4. 2.4 Market Value

        $158.00

        1. Table | Wood Panel Demand by Product, 2009 – 2029

        2. Figure 2-2 | Wood Panel Demand by Product, 2009 – 2029

      5. 2.5 Demand by Market & Product Function

        $450.00

        1. 2.5.1 Area Demand Trends

          $200.00

          1. Table | Wood Panel Demand by Market & Product Function, 2009 – 2029

        2. 2.5.2 Structural Panels

          $99.00

          1. Table | Structural Wood Panel Supply & Demand, 2009 – 2029

        3. 2.5.3 Nonstructural Panels

          $146.00

          1. Table | Nonstructural Wood Panel Supply & Demand, 2009 – 2029

      6. 2.6 Trade Balance & Production Outlook

        $162.00

        1. 2.6.1 Supply & Demand

          $99.00

          1. Table | Wood Panel Supply & Demand, 2009 – 2029

        2. 2.6.2 Imports

          $82.00

        3. 2.6.3 Exports

          $82.00

    3. 3 Factors Impacting Wood Panel Demand

      $879.00

      1. 3.1 Building Construction Outlook

        $82.00

        1. Figure 3-1 | Residential & Commercial Building Construction Expenditures, 2009 – 2029

      2. 3.2 Pricing Patterns

        $180.00

        1. Table | Average Wood Panel Prices by Product, 2009 – 2029

        2. Figure 3-2 | Wood Panel Average Prices, 2009 – 2029

      3. 3.3 Sustainability Trends

        $319.00

        1. Table | Sustainability Strategies by Wood Panel Suppliers

      4. 3.4 New Product Development

        $82.00

      5. 3.5 Competitive Building Material Trends

        $244.00

        1. Table | Competitive Building Materials: Advantages & Disadvantages

    4. 4 Oriented Strand Board (OSB)

      $508.00

      1. 4.1 Product Description

        $82.00

        1. Figure 4-1 | Oriented Strand Board (OSB): Product Examples

      2. 4.2 Supply & Demand

        $92.00

        1. Table | Oriented Strand Board (OSB) Supply & Demand, 2009 – 2029

      3. 4.3 Trade

        $82.00

        1. Figure 4-2 | OSB Trade, 2009 – 2019

      4. 4.4 Demand by Market

        $204.00

        1. Table | Oriented Strand Board (OSB) Demand by Market, 2009 – 2029

      5. 4.5 Competitive Products

        $82.00

        1. Figure 4-3 | Oriented Strand Board Competitive Products

      6. 4.6 Capacity & Leading Producers

        $98.00

        1. Table | US OSB Production Capacity, 2019

    5. 5 Softwood Plywood

      $527.00

      1. 5.1 Product Description

        $82.00

        1. Figure 5-1 | Softwood Plywood: Product Examples

      2. 5.2 Supply & Demand

        $91.00

        1. Table | Softwood Plywood Supply & Demand, 2009 – 2029

      3. 5.3 Trade

        $82.00

        1. Figure 5-2 | Softwood Plywood Trade, 2009 – 2019

      4. 5.4 Demand by Market

        $192.00

        1. Table | Softwood Plywood Demand by Market, 2009 – 2029

      5. 5.5 Competitive Products

        $82.00

        1. Figure 5-3 | Softwood Plywood Competitive Products

      6. 5.6 Capacity & Leading Producers

        $112.00

        1. Table | US Softwood Plywood Production Capacity, 2019

    6. 6 Particleboard

      $507.00

      1. 6.1 Product Description

        $82.00

        1. Figure 6-1 | Particleboard: Product Examples

      2. 6.2 Supply & Demand

        $108.00

        1. Table | Particleboard Supply & Demand, 2009 – 2029

      3. 6.3 Trade

        $82.00

        1. Figure 6-2 | Particleboard Trade, 2009 – 2019

      4. 6.4 Demand by Market

        $158.00

        1. Table | Particleboard Demand by Market, 2009 – 2029

      5. 6.5 Competitive Products

        $82.00

        1. Figure 6-3 | Particleboard Competitive Products

      6. 6.6 Capacity & Leading Producers

        $102.00

        1. Table | US Particleboard Production Capacity, 2019

    7. 7 Medium Density Fiberboard (MDF)

      $444.00

      1. 7.1 Product Description

        $82.00

        1. Figure 7-1 | Medium Density Fiberboard

      2. 7.2 Supply & Demand

        $91.00

        1. Table | Medium Density Fiberboard

      3. 7.3 Trade

        $82.00

        1. Figure 7-2 | MDF Trade, 2009 – 2019

      4. 7.4 Demand by Market

        $161.00

        1. Table | Medium Density Fiberboard

      5. 7.5 Competitive Products

        $82.00

        1. Figure 7-3 | Medium Density Fiberboard Competitive Products

      6. 7.6 Capacity & Leading Producers

        $82.00

        1. Table | US Medium Density Fiberboard Production Capacity, 2019

    8. 8 Hardwood Plywood

      $493.00

      1. 8.1 Product Description

        $82.00

        1. Figure 8-1 | Hardwood Plywood: Product Examples

      2. 8.2 Supply & Demand

        $105.00

        1. Table | Hardwood Plywood Supply & Demand, 2009 – 2029

      3. 8.3 Trade

        $82.00

        1. Figure 8-2 | Hardwood Plywood Trade, 2009 – 2019

      4. 8.4 Demand by Market

        $164.00

        1. Table | Hardwood Plywood Demand by Market, 2009 – 2029

      5. 8.5 Competitive Products

        $82.00

        1. Figure 8-3 | Hardwood Plywood Competitive Products

      6. 8.6 Capacity & Leading Producers

        $99.00

        1. Table | US Hardwood Plywood Capacity & Leading Producers, 2019

    9. 9 Hardboard (HDF)

      $399.00

      1. 9.1 Product Description

        $82.00

        1. Figure 9-1 | Hardboard: Product Examples

      2. 9.2 Supply & Demand

        $87.00

        1. Table | Hardboard Supply & Demand, 2009 – 2029

      3. 9.3 Trade

        $82.00

        1. Figure 9-2 | Hardboard Trade, 2009 – 2019

      4. 9.4 Demand by Market

        $168.00

        1. Table | Hardboard Demand by Market, 2009 – 2029

      5. 9.5 Competitive Products

        $82.00

        1. Figure 9-3 | Hardboard Competitive Products

      6. 9.6 Leading Producers

        $82.00

    10. 10 Insulation Board

      $330.00

      1. 10.1 Product Description

        $82.00

        1. Figure 10-1 | Insulation Board: Product Examples

      2. 10.2 Supply & Demand

        $86.00

        1. Table | Insulation Board Supply & Demand, 2009 – 2029

      3. 10.3 Trade

        $82.00

        1. Figure 10-2 | Insulation Board Trade, 2009 – 2019

      4. 10.4 Demand by Market

        $124.00

        1. Table | Insulation Board Demand by Market, 2009 – 2029

      5. 10.5 Competitive Products

        $82.00

        1. Figure 10-3 | Insulation Board Competitive Products

      6. 10.6 Leading Producers

        $82.00

    11. 11 Low Density Fiberboard (Softboard)

      $366.00

      1. 11.1 Product Description

        $82.00

        1. Figure 11-1 | Low Density Fiberboard (Softboard): Product Examples

      2. 11.2 Supply & Demand

        $94.00

        1. Table | Low Density Fiberboard Board Supply & Demand, 2009 – 2029

      3. 11.3 Trade

        $82.00

        1. Figure 11-2 | Low Density Fiberboard Trade, 2009 – 2019

      4. 11.4 Demand by Market

        $140.00

        1. Table | Low Density Fiberboard Demand by Market, 2009 – 2029

      5. 11.5 Competitive Products

        $82.00

        1. Figure 11-3 | Low Density Fiberboard Competitive Products

      6. 11.6 Leading Producers

        $82.00

    12. 12 Construction Markets

      $1,038.00

      1. 12.1 Market Scope

        $82.00

      2. 12.2 Demand by Market Sector & Application

        $174.00

        1. Table | Construction Wood Panel Demand by Market Sector & Application, 2009 – 2029

      3. 12.3 Residential Buildings

        $403.00

        1. 12.3.1 Residential Wood Panel Demand

          $103.00

          1. Table | Residential Construction Wood Panel Demand by Segment, 2009 – 2029

        2. 12.3.2 New Construction

          $133.00

          1. Table | Wood Panel Demand in New Residential Construction by Application, 2009 – 2029

        3. 12.3.3 Improvement & Repair

          $164.00

          1. Table | Wood Panel Demand in Residential Improvement & Repair Construction by Application, 2009 – 2029

      4. 12.4 Commercial Buildings

        $384.00

        1. 12.4.1 Commercial Wood Panel Demand

          $101.00

          1. Table | Commercial Construction Wood Panel Demand by Segment, 2009 – 2029

        2. 12.4.2 New Construction

          $140.00

          1. Table | Wood Panel Demand in New Commercial Construction by Application, 2009 – 2029

        3. 12.4.3 Improvement & Repair

          $140.00

          1. Table | Wood Panel Demand in Commercial Improvement & Repair Construction by Application, 2009 – 2029

    13. 13 Roofing Applications

      $263.00

      1. 13.1 Scope

        $82.00

        1. Figure 13-1 | Wood Panels in Roofing Applications

      2. 13.2 Demand by Product

        $92.00

        1. Table | Roofing Wood Panel Demand by Product, 2009 – 2029

      3. 13.3 Demand by Building Type (Residential & Commercial)

        $115.00

        1. Table | Roofing Wood Panel Demand by Type of Building Construction, 2009 – 2029

    14. 14 Flooring Applications

      $449.00

      1. 14.1 Scope

        $82.00

        1. Figure 14-1 | Wood Panels in Flooring Applications

      2. 14.2 Demand by Product

        $103.00

        1. Table | Flooring Wood Panel Demand by Product, 2009 – 2029

      3. 14.3 Demand by Building Type (Residential & Commercial)

        $103.00

        1. Table | Flooring Wood Panel Demand by Type of Building Construction, 2009 – 2029

      4. 14.4 Demand by Application

        $207.00

        1. 14.4.1 Subflooring

          $98.00

          1. Table | Subflooring Wood Panel Demand by Product, 2009 – 2029

        2. 14.4.2 Finish Flooring

          $106.00

          1. Table | Finish Flooring Wood Panel Demand by Product, 2009 – 2029

    15. 15 Wall Sheathing Applications

      $281.00

      1. 15.1 Scope

        $82.00

        1. Figure 15-1 | Wood Panels in Sheathing Applications

      2. 15.2 Demand by Product

        $94.00

        1. Table | Wall Sheathing Wood Panel Demand by Product, 2009 – 2029

      3. 15.3 Demand by Building Type (Residential & Commercial)

        $147.00

        1. Table | Wall Sheathing Wood Panel Demand by Type of Building Construction, 2009 – 2029

    16. 16 Cabinet Applications

      $288.00

      1. 16.1 Scope

        $82.00

        1. Figure 16-1 | Wood Panels in Cabinet Applications

      2. 16.2 Demand by Product

        $134.00

        1. Table | Cabinet Wood Panel Demand by Product, 2009 – 2029

      3. 16.3 Demand by Building Type (Residential & Commercial)

        $114.00

        1. Table | Cabinet Wood Panel Demand by Type of Building Construction, 2009 – 2029

    17. 17 Other Construction Applications

      $942.00

      1. 17.1 Siding

        $241.00

        1. 17.1.1 Scope

          $82.00

        2. 17.1.2 Demand by Product

          $83.00

          1. Table | Siding Wood Panel Demand by Product, 2009 – 2029

        3. 17.1.3 Demand by Building Type (Residential & Commercial)

          $134.00

          1. Table | Siding Wood Panel Demand by Type of Building Construction, 2009 – 2029

      2. 17.2 Doors & Windows

        $201.00

        1. 17.2.1 Scope

          $82.00

        2. 17.2.2 Demand by Product

          $82.00

          1. Table | Door & Window Wood Panel Demand by Product, 2009 – 2029

        3. 17.2.3 Demand by Building Type (Residential & Commercial)

          $116.00

          1. Table | Door & Window Wood Panel Demand by Type of Building Construction, 2009 – 2029

      3. 17.3 Interior Paneling

        $237.00

        1. 17.3.1 Scope

          $82.00

        2. 17.3.2 Demand by Product

          $85.00

          1. Table | Interior Paneling Wood Panel Demand by Product, 2009 – 2029

        3. 17.3.3 Demand by Building Type (Residential & Commercial)

          $124.00

          1. Table | Interior Paneling Wood Panel Demand by Type of Building Construction, 2009 – 2029

      4. 17.4 All Other Construction Applications

        $259.00

        1. Table | Wood Panel Demand in All Other Construction Applications by Product, 2009 – 2029

        2. Table | Wood Panel Demand in All Other Construction Applications by Type of Building Construction, 2009 – 2029

    18. 18 Industrial Markets

      $795.00

      1. 18.1 Market Scope

        $82.00

      2. 18.2 Demand by Application

        $107.00

        1. Table | Industrial Wood Panel Demand by Application, 2009 – 2029

      3. 18.3 Furniture & Fixtures

        $128.00

        1. Table | Furniture & Fixture Wood Panel Demand by Product, 2009 – 2029

      4. 18.4 Engineered Wood Products

        $111.00

        1. Table | Wood Panel Demand in Engineered Wood Products, 2009 – 2029

      5. 18.5 Material Handling Products

        $123.00

        1. Table | Material Handling Wood Panel Demand by Product, 2009 – 2029

      6. 18.6 Transportation Equipment

        $134.00

        1. Table | Transportation Equipment Wood Panel Demand by Product, 2009 – 2029

      7. 18.7 Other Industrial Applications

        $152.00

        1. Table | Other Industrial Wood Panel Demand by Product, 2009 – 2029

    19. 19 Regional Trends

      $707.00

      1. 19.1 Demand by Region

        $82.00

        1. Table | Wood Panel Demand by Region, 2009 – 2029

      2. 19.2 Northeast

        $161.00

        1. Table | Northeast Wood Panel Demand by Market & Subregion, 2009 – 2029

      3. 19.3 Midwest

        $142.00

        1. Table | Midwest Wood Panel Demand by Market & Subregion, 2009 – 2029

      4. 19.4 South

        $165.00

        1. Table | South Wood Panel Demand by Market & Subregion, 2009 – 2029

      5. 19.5 West

        $155.00

        1. Table | West Wood Panel Demand by Market & Subregion, 2009 – 2029

    20. 20 Industry Structure

      $1,039.00

      1. 20.1 Industry Composition & Key Findings

        $190.00

        1. Table | Wood Panel Sales by Company, 2019

      2. 20.2 Market Share

        $270.00

        1. Figure 20-1 | US Wood Panel Market Share by Company, 2019

        2. Figure 20-2 | US Wood Panels Market: Leading Supplier, 2019

        3. Figure 20-3 | US Wood Panels Market: Second Leading Supplier, 2019

        4. Figure 20-4 | US Wood Panels Market: Third Leading Supplier, 2019

        5. Figure 20-5 | US Wood Panels Market: Fourth Leading Supplier, 2019

        6. Figure 20-6 | US Wood Panels Market: Fifth Leading Supplier, 2019

      3. 20.3 Mergers & Acquisitions

        $271.00

        1. Table | Selected Mergers & Acquisitions

      4. 20.4 List of Industry Participants

        $306.00

        1. Table | Selected Industry Participants

    21. 21 Appendix

      $2,689.00

      1. 21.1 Scope

        $288.00

        1. Table | Study Scope: US Geographic Regions & Subregions

        2. Table | Relevant Industry Codes

        3. Table | Relevant HS Codes

      2. 21.2 Definitions

        $86.00

      3. 21.3 Abbreviations

        $82.00

        1. Table | Abbreviations & Acronyms Used in Study

      4. 21.4 Freedonia Methodology

        $448.00

      5. 21.5 Study-Specific Methodology

        $82.00

      6. 21.6 Sources

        $82.00

      7. 21.7 Associations & Agencies

        $82.00

      8. 21.8 Related Studies & Reports

        $103.00

      9. 21.9 Macroeconomic Assumptions

        $1,579.00

        1. 21.9.1 Economic Environment

          $200.00

          1. Table | Macroeconomic Indicators, 2009 – 2029

          2. Figure 21-1 | Annual Growth in Real GDP, 2000 – 2019, Compared to 1980 – 2005 Average

        2. 21.9.2 Demographic Trends

          $187.00

          1. Table | Population & Households, 2009 – 2029

          2. Figure 21-2 | Annual Population Growth, 2004 – 2019

        3. 21.9.3 Residential Building Construction

          $167.00

          1. Table | Residential Building Construction Expenditures, 2009 – 2029

        4. 21.9.4 Residential Improvements & Repairs

          $101.00

          1. Table | Residential Improvement & Repair Expenditures, 2009 – 2029

        5. 21.9.5 Commercial Building Construction

          $168.00

          1. Table | Commercial Building Construction Expenditures, 2009 – 2029

        6. 21.9.6 Commercial Building Improvements & Repairs

          $102.00

          1. Table | Commercial Building Improvement & Repair Expenditures, 2009 – 2029

        7. 21.9.7 Manufacturers' Shipments

          $650.00

          1. Table | Manufacturers' Shipments, 2009 – 2029

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