Market by Product Type (Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF), Particleboard, Oriented Strand Board (OSB), Plywood, Other Product Types) Application (Furniture, Construction, Packaging, Other Applications) and Country Outlook | Forecast 2024-2032
According to Triton’s analysis, the Europe wood based panel market is projected to rise at a CAGR of 5.36% in revenue over the forecast years 2024-2032.
Report scope can be customized per your requirements - Request Free Sample Report
European countries prioritize sustainable forest management, which ensures a steady supply of wood resources while preserving forest health and supporting industry growth. The European Union’s strong focus on environmental sustainability and climate change mitigation also promotes the use of wood-based panels as renewable, eco-friendly construction materials. As key consumers of wood-based panels, Europe’s construction and furniture industries drive demand through their growth, increasing the need for these materials in construction, interior design, and furniture production. Overall, the market for wood based panels in Europe is set to advance consistently over the coming years.
The countries explored in this region include:
Germany secures a major market share with revenue of approximately $15.63 billion in 2023.
The construction industry is a significant contributor to Germany’s economy, accounting for approximately 6% of GDP in 2021, which creates a demand for wood-based panels in both residential and commercial projects.
The country’s housing sector is experiencing robust growth, fueled by rising incomes and net migration, with the need for 350,000 new homes annually. As Europe’s largest construction market, it plays a vital role in driving the demand for wood-based panels in construction applications.
In addition to this, an increasing demand for recyclable and durable packaging materials, especially for fragile items like glass and ceramics, is driving the need for wood-based panels, known for their eco-friendly attributes.
Wood Based Panel Market Forecast for the United Kingdom
The wood based panel market in the UK is set for strong growth, driven by expansion in the packaging, construction, and furniture sectors. The government’s goal to establish 30,000 hectares of new woodland annually by 2025, with 7,500 hectares per year specifically in England, underscores its support for the wood industry. The Wood Panel Industries Federation further bolsters this growth through partnerships with manufacturers in processing and marketing. Notably, the country also ranks as the sixth-largest construction market globally (outside the US), which creates substantial opportunities for wood based panels in construction and home improvement.
The wood based panel market is segmented based on product type and application. The product segment comprises medium-density fiberboard (MDF)/high-density fiberboard (HDF), particleboard, oriented strand board (OSB), plywood, and other product types. Medium-density fiberboard (MDF) and high-density fiberboard (HDF) have become essential materials in construction and furniture manufacturing, offering strong alternatives to traditional wood. MDF is created by breaking down softwood fibers and binding them with synthetic resins, whereas HDF, produced under high heat and pressure well suited for non-load-bearing interior uses.
Contender Analysis in the Wood Based Panel Market:
Kronospan, headquartered in the United Kingdom, is a leading manufacturer and distributor of wood-based panels, renowned for its extensive product range. The company offers particleboard (PB), medium-density fiberboard (MDF), laminate flooring, and a variety of resins (UF, MUF, and MF) used in wood-based panel production. Kronospan’s portfolio also includes oriented strand board (OSB), specialty and decorative papers, and an array of value-added products like worktops, window sills, melamine-faced panels, wall panels, lacquered HDF, compact boards, high-pressure laminates (HPL), and plywood.
In September 2024, the news reports inferred that the Austrian Kronospan completed a €5.1 million capacity expansion at its Hungary facility.
Other contenders in the studied market are Pfeifer Group, West Fraser Timber Co Ltd, Roseburg Forest Products, Weyerhaeuser Company, and Swiss Krono Group.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the wood based panel market revenue growth in Europe and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Europe wood based panel market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
Market by End-user, Applicatio ..
VIEW REPORT
Market by Type (ETP (Electroly ..
VIEW REPORT
Market By Type, Application, E ..
VIEW REPORT
Market by Material, User, Prod ..
VIEW REPORT
Market by Power Source, Type, ..
VIEW REPORT
Market by Product Type (Medium ..
VIEW REPORT
Market by Resin Type, Technolo ..
VIEW REPORT
Market by Product Type, Applic ..
VIEW REPORT1. EUROPE
WOOD BASED PANEL MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE WOOD BASED PANEL MARKET
2.1.1. COVID-19
IMPACT ON THE WOOD BASED PANEL MARKET
2.1.2. UKRAINE-RUSSIA
WAR IMPACT ON WOOD BASED PANEL MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. SUPPLY
CHAIN ANALYSIS
2.4.1. RAW
MATERIALS
2.4.2. MANUFACTURING
2.4.3. QUALITY
CONTROL AND TESTING
2.4.4. DISTRIBUTORS
2.4.5. SALES
2.5. KEY
MARKET STRATEGIES
2.5.1. ACQUISITIONS
2.5.2. CONTRACTS
& AGREEMENTS
2.5.3. BUSINESS
DIVESTITURES & EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. POSITIVE
GROWTH TRENDS IN RESIDENTIAL AND COMMERCIAL CONSTRUCTION
2.6.2. GROWING
ADOPTION OF SUSTAINABLE BUILDING PRACTICES
2.6.3. INCREASE
IN HOUSEHOLD SPENDING AND FURNITURE UPGRADES FOR WOOD-BASED PANELS
2.7. MARKET
CHALLENGES
2.7.1. STRICT
GOVERNMENT REGULATIONS ON DEFORESTATION
2.7.2. FORMALDEHYDE
EMISSIONS FROM WOOD-BASED PRODUCTS
2.7.3. TIMBER
SUPPLY SHORTAGES
2.8. MARKET
OPPORTUNITIES
2.8.1. EMERGING
TRENDS IN TECHNOLOGICAL INNOVATION
2.8.2. EVOLVING
FIELD OF CONSTRUCTION AND URBAN DEVELOPMENT
2.9. ANALYST
PERSPECTIVE
3. EUROPE
WOOD BASED PANEL MARKET – BY PRODUCT TYPE
3.1. MEDIUM-DENSITY
FIBERBOARD (MDF)/ HIGH-DENSITY FIBERBOARD (HDF)
3.2. PARTICLEBOARD
3.3. ORIENTED
STRAND BOARD (OSB)
3.4. PLYWOOD
3.5. OTHER
PRODUCT TYPES
4. EUROPE
WOOD BASED PANEL MARKET – BY APPLICATION
4.1. FURNITURE
4.1.1. RESIDENTIAL
BUILDING
4.1.2. COMMERCIAL
BUILDING
4.2. CONSTRUCTION
4.2.1. FLOOR
AND ROOF
4.2.2. WALL
4.2.3. DOOR
4.2.4. OTHER
CONSTRUCTIONS
4.3. PACKAGING
4.4. OTHER
APPLICATIONS
5. EUROPE
WOOD BASED PANEL MARKET – BY COUNTRY OUTLOOK
5.1. EUROPE
5.1.1. COUNTRY
ANALYSIS
5.1.1.1. UNITED
KINGDOM
5.1.1.1.1. UNITED
KINGDOM WOOD BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.2. GERMANY
5.1.1.2.1. GERMANY
WOOD BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.3. FRANCE
5.1.1.3.1. FRANCE
WOOD BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.4. SPAIN
5.1.1.4.1. SPAIN WOOD
BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.5. ITALY
5.1.1.5.1. ITALY WOOD
BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.6. REST
OF EUROPE
5.1.1.6.1. REST
OF EUROPE WOOD BASED PANEL MARKET FORECAST & PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. CENTURY
PLY
6.1.1. OVERVIEW
6.1.2. PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. ARAUCO
6.2.1. OVERVIEW
6.2.2. PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. DONGWHA
MALAYSIA SDN BHD
6.3.1. OVERVIEW
6.3.2. PORTFOLIO
6.4. EGGER
GROUP
6.4.1. OVERVIEW
6.4.2. PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. GEORGIA-PACIFIC
LLC
6.5.1. OVERVIEW
6.5.2. PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. EVERGREEN
FIBREBOARD BERHAD
6.6.1. OVERVIEW
6.6.2. PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. GREEN
RIVER HOLDING CO LTD
6.7.1. OVERVIEW
6.7.2. PORTFOLIO
6.8. KRONOSPAN
LIMITED
6.8.1. OVERVIEW
6.8.2. PORTFOLIO
6.9. KASTAMONU
ENTEGRE
6.9.1. OVERVIEW
6.9.2. PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY CHALLENGES
6.10. LOUISIANA-PACIFIC
CORPORATION
6.10.1. OVERVIEW
6.10.2. PORTFOLIO
6.10.3. KEY
STRENGTHS
6.10.4. KEY
CHALLENGES
6.11. MIECO
CHIPBOARD BERHAD
6.11.1. OVERVIEW
6.11.2. PORTFOLIO
6.12. ROSEBURG
FOREST PRODUCTS
6.12.1. OVERVIEW
6.12.2. PORTFOLIO
6.12.3. KEY
STRENGTHS
6.12.4. KEY
CHALLENGES
6.13. PFEIFER
GROUP
6.13.1. OVERVIEW
6.13.2. PORTFOLIO
6.14. WEST
FRASER TIMBER CO LTD
6.14.1. OVERVIEW
6.14.2. PORTFOLIO
6.14.3. KEY
STRENGTHS
6.14.4. KEY
CHALLENGES
6.15. SWISS
KRONO GROUP
6.15.1. OVERVIEW
6.15.2. PORTFOLIO
6.15.3. KEY
STRENGTHS
6.15.4. KEY
CHALLENGES
6.16. WEYERHAEUSER
COMPANY
6.16.1. OVERVIEW
6.16.2. PORTFOLIO
6.16.3. KEY
STRENGTHS
6.16.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH METHODOLOGY
TABLE 1: EUROPE WOOD BASED
PANEL MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ BILLION)
TABLE 2: LIST OF ACQUISITIONS
TABLE 3: LIST OF CONTRACTS
& AGREEMENTS
TABLE 4: LIST OF BUSINESS
DIVESTITURES & EXPANSIONS
TABLE 5: EUROPE WOOD BASED
PANEL MARKET, BY PRODUCT TYPE, 2024-2032 (IN $ BILLION)
TABLE 6: EUROPE WOOD BASED
PANEL MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 7: EUROPE WOOD BASED
PANEL MARKET, BY FURNITURE, 2024-2032 (IN $ BILLION)
TABLE 8: EUROPE WOOD BASED
PANEL MARKET, BY CONSTRUCTION, 2024-2032 (IN $ BILLION)
TABLE 9: EUROPE WOOD BASED
PANEL MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ BILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: MARKET MATURITY
ANALYSIS
FIGURE 3: SUPPLY CHAIN
ANALYSIS
FIGURE 4: EUROPE WOOD BASED
PANEL MARKET, BY PRODUCT TYPE, 2023 & 2032 (IN %)
FIGURE 5: EUROPE WOOD BASED
PANEL MARKET, BY MEDIUM DENSITY FIBERBOARD (MDF)/ HIGH DENSITY FIBERBOARD
(HDF), 2024-2032 (IN $ BILLION)
FIGURE 6: EUROPE WOOD BASED
PANEL MARKET, BY PARTICLEBOARD, 2024-2032 (IN $ BILLION)
FIGURE 7: EUROPE WOOD BASED
PANEL MARKET, BY ORIENTED STRAND BOARD (OSB), 2024-2032 (IN $ BILLION)
FIGURE 8: EUROPE WOOD BASED
PANEL MARKET, BY PLYWOOD, 2024-2032 (IN $ BILLION)
FIGURE 9: EUROPE WOOD BASED
PANEL MARKET, BY OTHER PRODUCT TYPES, 2024-2032 (IN $ BILLION)
FIGURE 10: EUROPE WOOD BASED
PANEL MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 11: EUROPE WOOD BASED
PANEL MARKET, BY FURNITURE, 2024-2032 (IN $ BILLION)
FIGURE 12: EUROPE WOOD BASED
PANEL MARKET, BY RESIDENTIAL BUILDING, 2024-2032 (IN $ BILLION)
FIGURE 13: EUROPE WOOD BASED
PANEL MARKET, BY COMMERCIAL BUILDING, 2024-2032 (IN $ BILLION)
FIGURE 14: EUROPE WOOD BASED
PANEL MARKET, BY CONSTRUCTION, 2024-2032 (IN $ BILLION)
FIGURE 15: EUROPE WOOD BASED
PANEL MARKET, BY FLOOR AND ROOF, 2024-2032 (IN $ BILLION)
FIGURE 16: EUROPE WOOD BASED
PANEL MARKET, BY WALL, 2024-2032 (IN $ BILLION)
FIGURE 17: EUROPE WOOD BASED
PANEL MARKET, BY DOOR, 2024-2032 (IN $ BILLION)
FIGURE 18: EUROPE WOOD BASED
PANEL MARKET, BY OTHER CONSTRUCTIONS, 2024-2032 (IN $ BILLION)
FIGURE 19: EUROPE WOOD BASED
PANEL MARKET, BY PACKAGING, 2024-2032 (IN $ BILLION)
FIGURE 20: EUROPE WOOD BASED
PANEL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 21: EUROPE WOOD BASED
PANEL MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 22: UNITED KINGDOM WOOD
BASED PANEL MARKET 2024-2032 (IN $ BILLION)
FIGURE 23: GERMANY WOOD BASED
PANEL MARKET 2024-2032 (IN $ BILLION)
FIGURE 24: FRANCE WOOD BASED
PANEL MARKET 2024-2032 (IN $ BILLION)
FIGURE 25: SPAIN WOOD BASED
PANEL MARKET 2024-2032 (IN $ BILLION)
FIGURE 26: ITALY WOOD BASED
PANEL MARKET 2024-2032 (IN $ BILLION)
FIGURE 27: REST OF EUROPE WOOD
BASED PANEL MARKET 2024-2032 (IN $ BILLION)