Superior Wood, Plywood, Veneer and Laminates Manufacturers
We are living in a world where interior designing has become a pivotal factor in decorating homes and office premises. For the use of interior decoration wood, plywood, veneer and laminates manufacturers hold critical importance. They are the ones who facilitate in making the premises look magnificent from inside. Interior has become a multimillion dollar industry because of the increased numbers of wood, plywood, veneer and laminates suppliers.
Veneer sheets are used mainly for economic reasons. Instead of using a whole wood piece, veneer sheets are utilized to make the wood, or any solid material looks nice. Veneer sheets do provide aesthetic looks to furniture, doors and another interior decor.
According to research, the Asia Pacific region is strongly anticipated to dominate by veneer sheets market. For the year 2017 till 2025, this anticipation is expected to be carried over. If we keep ourselves more specific to the Asia Pacific region, the veneer market in China, Japan, Malaysia and Thailand are the countries which will amplify the need for veneer sheets. As far as infrastructure needs are concerned, this particular region has seeing unprecedented growth. This is resulting in more and more wood, plywood, veneer and Laminates manufacturers.
Housing and infrastructure market has also created the demand for plywood. The construction industry, coupled with the interior design industry, has increased the demand for plywood. Also, marine applications to need plywood.
When we talk about plywood demand, the region of North America used to be the primary plywood market. Europe followed North America for plywood consumption in the housing industry.
Demand in numbers is of extreme significance as plywood is consumed in making seating, walls, boat cabins, floor, stringers and other interior fixtures. As per a study report, plywood market is anticipated to reach a value of 55 billion USD by the year 2024.
Further, the demand related to laminates for interior decoration is comparatively high in the countries like China, India and Asia Pacific region. Since population increase is rapid in China and India, therefore the demand increased is logical. With the rate of population increase, the size of the economy is also expanding.
If we talk about laminates market, furniture and cabinets are the main components. In a global perspective, there is an anticipation of total gradual increase of more than 20,000 million USD between the year 2017 and 2025. Besides, cabinets and furniture market are forecasted to expand at 5.5% in CAGR terms between the year 2017 and 2025.
Since there is a positive outlook in the construction activities globally, the consumption of wood and wood panels is forecasted to reach over 600 million cubic meters by the year 2024.
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