North America Blockboard Market to Reach USD 3.92 Billion by 2026; Increasing Number of Product Launches will Emerge in Favor of Market Growth, Says Fortune Business Insights™
Key companies covered are Century Plyboards Ltd. (Kolkata, India), Shanghai Sindo Panel Co. Ltd. (Shanghai, China), Saveplac Plywood Srl (Mage llano, Italy), Sinewood Industries Co. Ltd. (Shandong, China), Solid Ply Pvt. Ltd. (Vishakhapatnam, India), HS Timber Group (Wien, Austria), SWL Tischlerplatten BETRIEBS-GmbH (Langenburg, Germany), Starrforest Inc. (Quebec, Canada), BUFFALO VENEER & PLYWOOD (Minnesota, United States), Martin’s Furniture LLC. (Ephrata, United States), and more players profiled in North America blockboard research report
/EIN News/ -- Pune, Aug. 28, 2020 (GLOBE NEWSWIRE) -- The North America blockboard market size is projected to reach USD 3.92 billion by the end of 2026. The presence of several large scale companies in the United States will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “North America Blockboard Market Size, Share & COVID-19 Impact Analysis, By Type (Softwood Type and Hardwood Type), Application (Engineering & Construction, Furniture Industry, Interior Decoration, and Others), and Country Forecast, 2019 - 2026,” the market was worth USD 3.31 billion in 2019 and will exhibit a CAGR of 2.5% during the forecast period, 2019-2026.
Covid-19 Pandemic has Created Uncertainties in Supply Chain and Disrupted Services of Several Manufacturers
The recent coronavirus outbreak has had a drastic impact on several industrial sectors across the world. The rapid spread of the virus has compelled several large scale countries to implement strict measures. Unfortunately, these measures have had a toll on several businesses; SMEs remain the worst hit business categories. The Covid-19 pandemic has disrupted the supply chain in North America, particularly in the United States, where the coronavirus count has skyrocketed in the past few months.
Get Sample PDF Brochure with Impact of COVID-19:
Blockboards are prepared from core timber and are shaped as wooden panels that are used as furniture across the world. The high durability and strength of the material is what makes it a preferred choice for manufacturers across the world. The rising investments in the development of efficient products, accounting to the demand for durable furniture, will have a massive impact on the growth of the overall market in the foreseeable future.
The presence of several large scale companies will provide impetus to market growth. The ease of availability of raw materials, coupled with their low costs, will lead to a wider product adoption across the world. The increasing investments in technological integration in the manufacturing of efficient products will have a huge impact on the growth of the overall blockboards market in the foreseeable future.
Increasing Number of Product Launches Will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of product launches has made the highest impact on market growth. Accounting to the massive competition in the market, companies are more likely to adopt strategies that will help them establish a stronghold in the market as well as edge over their counterparts.
There are numerous countries that are maximizing the use of technology and using it towards the development of modern concepts. Technological integration has yielded a few exceptional products in recent times. In June 2018, Starrforest Inc. announced the launch of a new laminating plank that is directed towards use in wood based laminated manufacturing. The increasing number of such innovative products introduced by large scale companies across the world will bode well for the growth of the overall market in the coming years.
Browse Detailed Research Insights with Table of Content:
https://www.fortunebusinessinsights.com/north-america-blockboard-market-103504
US to Hold the Largest Market Share; Availability of Raw Materials to Aid Growth
The report analyses the ongoing market trends across all countries in North America. Among all countries, the market in United States is projected to emerge dominant in the coming years. The market in the US will hold the largest market share, driven by the ease of availability of raw materials. The increasing use of sawn softwood and hardwood based products in the US will contribute to the growth of the regional market. The presence of several large scale manufacturers, coupled with the availability of skilled labor and workforce will also emerge in the growth of the market in the US. Recent advancements in industrial woods, driven by the increasing investments in product R&D, will have a huge impact on the growth of the market in this region. The increasing roundwood use and consumption in Canada will be a pivotal factor in the growth of the market in this region.
List of the Leading Companies Profiled in the North America Blockboard Market Research Report are:
- Century Plyboards Ltd. (Kolkata, India)
- Shanghai Sindo Panel Co. Ltd. (Shanghai, China)
- Saveplac Plywood Srl (Mage llano, Italy)
- Sinewood Industries Co. Ltd. (Shandong, China)
- Solid Ply Pvt. Ltd. (Vishakhapatnam, India)
- HS Timber Group (Wien, Austria)
- SWL Tischlerplatten BETRIEBS-GmbH (Langenburg, Germany)
- Starrforest Inc. (Quebec, Canada)
- BUFFALO VENEER & PLYWOOD (Minnesota, United States)
- Martin’s Furniture LLC. (Ephrata, United States)
Industry Developments:
March 2020 – HS Timber Group GmbH announced that it has completed the acquisition of Interfloat Group, a manufacturer of solar glass for photovoltaic systems. Through this acquisition the Austria based company will look to introduce their presence in the solar glass business and in gaining a sustainable energy source for the wood processing system.
Place a Direct Order of this Report:
https://www.fortunebusinessinsights.com/checkout-page/103504
Detailed Table of Content:
-
Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
-
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
-
Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Supply Chain and Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Impact of COVID-19 on the Blockboard Market
-
North America Blockboard Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
-
Market Size Estimates and Forecast
-
By Type (Value)
- Softwood Type
- Hardwood Type
-
By Application (Value)
- Engineering & Construction
- Furniture Industry
- Interior Decoration
- Others
-
By Country (Value)
- U.S
- Mexico
- Canada
-
By Type (Value)
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/north-america-blockboard-market-103504
Browse Related Reports:
Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027
Wood Pellets Market Size, Share and Global Trend By Feedstock (Forest Waste, Agriculture Waste, Others), By Application (Power Generation, Residential Heating, Commercial Heating, CHP), and Geography Forecast till 2026
Wood Recycling Market Size, Share & Industry Analysis, By Type (SoftWood, HardWood, Block board, PlyWood, Orientated strand board, Chipboard), By Application (Wood Panels, Energy Generation, Particleboard, chip core or laminates, Animal bedding, mulch or decorative landscaping material, Pulp and paper products, Composting material)Others and Regional Forecast, 2019-2026
Polyurethane Market Size, Share & Industry Analysis, By Product Type (Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives & Sealants, Coatings, and Others), By Application (Furniture, Construction, Electronics, Automotive & Transportation, Packaging, Footwear, and Others), and Regional Forecast 2019-2026
Polymer Foam Market Size, Share & Industry Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2019-2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/north-america-blockboard-market-10188
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
