At 6.5% CAGR, Engineered Wood Market Annual Ratios | Demand and Forecast to 2031
The engineered wood market is forecast to grow at a compound annual growth rate of 6.5%. This report by Market.us, takes into account the increasing demand for the product in the construction industry owing to its superior physical and mechanical properties as compared to natural wood. The engineered wood market is segmented by product type into plywood, particleboard, fiberboard, and lumber. Of these, plywood is anticipated to retain its leading position over the forecast period on account of its growing popularity in end-use industries such as construction and furniture making. The Asia Pacific region is expected to witness the highest…
- Date: October 27, 2022
- Author: Thomas Bretz
- Category: FinancialContent