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    US Plywood Market

    ID: MRFR/CO/14805-HCR
    111 Pages
    Snehal Singh
    September 2025

    US Plywood Market Research Report By Grade (MR Grade, BWR Grade, Fire Resistant Grade, BWP Grade, Structural Grade), By Wood Type (Softwood, Hardwood) and By Application (Furniture, Flooring & Construction, Automotive Interior, Packaging, Marine, Others) - Forecast to 2035.

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    US Plywood Market Research Report - Forecast Report 2035 Infographic
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    Table of Contents

    US Plywood Market Summary

    The US Plywood market is projected to grow significantly from 24.5 USD Billion in 2024 to 48 USD Billion by 2035.

    Key Market Trends & Highlights

    US Plywood Key Trends and Highlights

    • The US Plywood market is valued at 24.5 USD Billion in 2024 and is expected to reach 48 USD Billion by 2035.
    • The compound annual growth rate (CAGR) for the US Plywood market is estimated at 6.3 percent from 2025 to 2035.
    • Market expansion is likely driven by increasing demand in the construction sector, which is a key consumer of plywood products.
    • Growing adoption of sustainable building materials due to environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 24.5 (USD Billion)
    2035 Market Size 48 (USD Billion)
    CAGR (2025-2035) 6.3%

    Major Players

    Moore and Giles, Resolute Forest Products, GeorgiaPacific, Weyerhaeuser, Canfor, Maine Woods Company, Hood Industries, Universal Forest Products, Cabot Woodworking, Arauco, PlyGem, West Fraser Timber, Pacific Wood Laminates, LP Building Solutions, Norbord

    US Plywood Market Trends

    Additionally, the construction industry in the US has been steadily recovering, spurred by investments in both residential and commercial projects, thereby creating a consistent demand for plywood.Opportunities to be explored include the expanding use of plywood in innovative applications, such as furniture design and interior finishing, alongside increased demand in the shipping and packaging sectors. There is also potential for growth in engineered plywood products which cater to both aesthetic and structural needs. Moreover, the ongoing development of advanced manufacturing processes is enhancing product quality and performance, paving the way for higher-value offerings in the market.

    Recent trends indicate a growing preference for lightweight and durable plywood options, which are seen as beneficial for both energy efficiency and overall construction costs.The urbanization trend in the US and increasing investments in infrastructure are contributing to the expanding applications of plywood in modern construction. As the market evolves, the focus remains on balancing quality, sustainability, and affordability, ensuring that the US plywood market not only meets current demands but is also positioned for future growth.

    US Plywood Market Drivers

    Market Segment Insights

    Plywood Market Grade Insights

    The US Plywood Market has a diverse Grade segment that encompasses various classifications, enabling it to cater to a wide range of applications and consumer needs. Among these classifications, MR (Moisture Resistant) Grade plywood is significant for interior applications in high humidity areas, such as kitchens and bathrooms, as it helps in enhancing durability and longevity. BWR (Boiling Water Resistant) Grade is another critical classification, primarily favored in areas exposed to moisture due to its superior resistance to thermal and moisture-induced damage, making it ideal for outdoor applications and where structural integrity is vital.

    Fire Resistant Grade plywood plays a crucial role in corporate and public buildings, offering safety and compliance with stringent building regulations, thereby supporting the growing focus on fire safety in urban developments across the US. The BWP (Boiling Waterproof) Grade, recognized for its resilience against boiling water, often finds its utility in projects that demand high performance in wet conditions, ensuring that structures maintain their integrity over time.

    Structural Grade plywood is pivotal as it is commonly used in construction for load-bearing applications due to its robustness and quality, providing essential support in various structural forms.The increasing awareness of sustainable building practices and stringent regulations concerning safety and durability is driving demand across these Grades. Additionally, trends in urbanization, increased infrastructure development, and rising disposable income are elevating the need for advanced plywood options. These factors, coupled with the various specifications of each type, contribute to the US Plywood Market's segmentation, as specific grades address specialized requirements, enhancing their importance in the overall industry landscape.

    As the market evolves, the differentiation among these classifications facilitates better alignment of product offerings with consumer needs, creating a dynamic environment for growth opportunities within the sector.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Plywood Market Wood Type Insights

    The US Plywood Market, with a keen focus on the Wood Type segment, showcases a diverse landscape driven predominantly by Softwood and Hardwood categories. Softwood, known for its lightweight and flexible characteristics, plays a vital role in construction, furniture, and packaging industries, contributing significantly to overall market dynamics. Meanwhile, Hardwood is recognized for its durability and aesthetic appeal, making it a preferred choice for high-end furniture and cabinetry.

    The growing trend towards sustainable building practices further enhances the importance of both types, as consumers and manufacturers increasingly seek eco-friendly products.As sustainability initiatives gain traction, the demand for sustainably sourced plywood is expected to rise. In this context, both Wood Type categories face challenges such as supply chain disruptions and fluctuating raw material costs, which can impact production and pricing strategies. Ongoing technological advancements in plywood manufacturing and design also contribute to market growth, presenting new opportunities for innovation and efficiency.

    Overall, the segmentation of the US Plywood Market reflects a strategic approach to meeting consumer preferences and industry demands while navigating evolving market trends and challenges.

    Plywood Market Application Insights

    The US Plywood Market segmentation, particularly focusing on the Application aspect, reveals a diverse landscape with significant contributions from various sectors. The Furniture segment is noteworthy, as plywood is extensively utilized due to its versatility, durability, and aesthetic appeal, making it a staple material in both residential and commercial furniture production.

    The Flooring and Construction applications also play a pivotal role, with rising construction activities and renovations propelling demand for quality plywood, which is favored for its strength and stability in diverse environments.In the Automotive Interior sector, plywood is recognized for its lightweight properties, aiding in fuel efficiency while providing excellent sound insulation. The Packaging industry increasingly adopts plywood for sustainable and reusable solutions, appealing to environmentally conscious consumers. The Marine sector benefits from the moisture-resistant properties of specific plywood types, crucial for boat building and maintenance.

    Meanwhile, other applications continue to emerge, reflecting the adaptability of plywood across various industries.Overall, the US Plywood Market showcases a dynamic interplay among its application segments, driven by innovation, sustainability, and an ongoing emphasis on quality craftsmanship.

    Get more detailed insights about US Plywood Market Research Report - Forecast Report 2035

    Regional Insights

    Key Players and Competitive Insights

    The US Plywood Market is characterized by a diverse array of competitors and a dynamic landscape that reflects the fluctuating demands of the construction, furniture, and woodworking industries. The competitive insights within this market showcase various players who continuously innovate and adapt to changing consumer preferences, ensuring a balance between quality, sustainability, and cost-effectiveness. As companies aim to capture substantial market share, they engage in various strategic practices, including mergers and acquisitions, capacity expansion, and enhanced distribution channels.

    These strategies foster competition while pushing industry standards higher, resulting in improved product offerings and technological advancements.Moore and Giles stands out within the US Plywood Market by focusing on high-quality, sustainably sourced materials that appeal to eco-conscious consumers. The company has established a strong presence through its commitment to craftsmanship and innovation in design, making it a preferred choice for premium products in the marketplace. One of the significant strengths of Moore and Giles lies in its ability to create custom solutions tailored to the specific needs of both commercial and residential clients.

    This adaptability, combined with a reputation for superior quality and durability, enhances their market position. Furthermore, their dedication to environmentally sustainable practices has resonated well in a market increasingly driven by the demand for green building materials.Resolute Forest Products has carved out a significant niche in the US Plywood Market, leveraging its extensive portfolio of wood products, including plywood, oriented strand board, and other engineered wood products. The company enjoys a robust market presence supported by its operational efficiency and strong focus on sustainability, which appeals to manufacturers and consumers alike.

    Resolute Forest Products prides itself on its commitment to responsible forestry practices, contributing to its reputation as a leader in environmentally friendly production. Recent mergers and acquisitions have bolstered their market position and expanded their production capabilities, allowing them to respond swiftly to varying market demands. The combination of a diverse product range, a solid network of distribution channels, and a focus on innovation enables Resolute Forest Products to maintain a competitive edge in the rapidly evolving US Plywood Market.

    Key Companies in the US Plywood Market market include

    Industry Developments

    The US Plywood Market has seen significant recent developments, particularly with companies like Weyerhaeuser and Georgia Pacific reporting an increase in demand due to the ongoing housing boom and increased renovation activities in 2023. Mill closures driven by environmental regulations have also impacted supply dynamics, leading to price fluctuations. In October 2022, West Fraser Timber announced the acquisition of Norbord, which strengthened its position in the engineered wood products sector. This acquisition was part of a broader trend where strategic mergers are being leveraged to enhance market share and operational efficiency among key players.

    In 2021, Resolute Forest Products further expanded its portfolio by acquiring certain assets from another manufacturer, marking its growth trajectory in the competitive landscape. Additionally, the ongoing trends in sustainable forestry practices have necessitated companies like Arauco and Canfor to lead initiatives aimed at responsible sourcing and reducing carbon footprints. The plywood market's valuation has seen a notable upturn, driven by heightened awareness related to sustainability, indirectly influencing material choices in construction projects across the United States. As of 2023, the demand forecast remains optimistic with expectations of steady growth trajectories influenced by favorable economic conditions.

    Market Segmentation

    Outlook

    • Furniture
    • Flooring & Construction
    • Automotive Interior
    • Packaging
    • Marine
    • Others

    Plywood Market Grade Outlook

    • MR Grade
    • BWR Grade
    • Fire Resistant Grade
    • BWP Grade
    • Structural Grade

    Plywood Market Wood Type Outlook

    • Softwood
    • Hardwood

    Plywood Market Application Outlook

    • Furniture
    • Flooring & Construction
    • Automotive Interior
    • Packaging
    • Marine
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 22.69(USD Billion)
    MARKET SIZE 2024 24.5(USD Billion)
    MARKET SIZE 2035 48.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.305% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Moore and Giles, Resolute Forest Products, GeorgiaPacific, Weyerhaeuser, Canfor, Maine Woods Company, Hood Industries, Universal Forest Products, Cabot Woodworking, Arauco, PlyGem, West Fraser Timber, Pacific Wood Laminates, LP Building Solutions, Norbord
    SEGMENTS COVERED Grade, Wood Type, Application
    KEY MARKET OPPORTUNITIES Sustainable plywood demand growth, Rising construction activities, Increased DIY home projects, Advanced manufacturing technologies, Expansion in furniture industry
    KEY MARKET DYNAMICS increasing construction activities, rising demand for sustainable materials, fluctuations in raw material prices, technological advancements in production, strong residential renovation trends
    COUNTRIES COVERED US

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    What is the expected market size of the US Plywood Market in 2024?

    The US Plywood Market is expected to be valued at 24.5 billion USD in 2024.

    What is the projected market size for the US Plywood Market by 2035?

    By 2035, the US Plywood Market is projected to reach a value of 48.0 billion USD.

    What is the expected compound annual growth rate (CAGR) of the US Plywood Market from 2025 to 2035?

    The expected CAGR for the US Plywood Market from 2025 to 2035 is 6.305%.

    What are the largest segments within the US Plywood Market as of 2024?

    As of 2024, Structural Grade and BWP Grade are the largest segments, each valued at 6.0 billion USD.

    Who are the major players in the US Plywood Market?

    Key players in the US Plywood Market include Weyerhaeuser, Georgia-Pacific, and Resolute Forest Products.

    What will the market value of MR Grade plywood be in 2035?

    The market value of MR Grade plywood is projected to be 10.0 billion USD in 2035.

    What are the total expected revenues for BWR Grade plywood in 2024?

    BWR Grade plywood is expected to generate revenues of 4.0 billion USD in 2024.

    What growth opportunities exist in the US Plywood Market from 2025 to 2035?

    Growth opportunities include increasing demand for eco-friendly materials and applications in the construction sector.

    What are the anticipated revenues for Fire Resistant Grade plywood by 2035?

    By 2035, Fire Resistant Grade plywood is expected to reach revenues of 7.0 billion USD.

    How has competition in the US Plywood Market evolved recently?

    Competition has intensified with the entry of new players and innovations among existing companies in the US Plywood Market.

    1. EXECUTIVE SUMMARY
    2. Market Overview
    3. Key Findings
    4. Market Segmentation
    5. Competitive Landscape
    6. Challenges and Opportunities
    7. Future Outlook
    8. MARKET INTRODUCTION
    9. Definition
    10. Scope of the study
    11. Research Objective
    12. Assumption
    13. Limitations
    14. RESEARCH METHODOLOGY
    15. Overview
    16. Data Mining
    17. Secondary Research
    18. Primary Research
    19. Primary Interviews and Information Gathering Process
    20. Breakdown of Primary Respondents
    21. Forecasting Model
    22. Market Size Estimation
    23. Bottom-Up Approach
    24. Top-Down Approach
    25. Data Triangulation
    26. Validation
    27. MARKET DYNAMICS
    28. Overview
    29. Drivers
    30. Restraints
    31. Opportunities
    32. MARKET FACTOR ANALYSIS
    33. Value chain Analysis
    34. Porter's Five Forces Analysis
    35. Bargaining Power of Suppliers
    36. Bargaining Power of Buyers
    37. Threat of New Entrants
    38. Threat of Substitutes
    39. Intensity of Rivalry
    40. COVID-19 Impact Analysis
    41. Market Impact Analysis
    42. Regional Impact
    43. Opportunity and Threat Analysis
    44. US Plywood Market, BY Grade (USD Billion)
    45. MR Grade
    46. BWR Grade
    47. Fire Resistant Grade
    48. BWP Grade
    49. Structural Grade
    50. US Plywood Market, BY Wood Type (USD Billion)
    51. Softwood
    52. Hardwood
    53. US Plywood Market, BY Application (USD Billion)
    54. Furniture
    55. Flooring & Construction
    56. Automotive Interior
    57. Packaging
    58. Marine
    59. Others
    60. Competitive Landscape
    61. Overview
    62. Competitive Analysis
    63. Market share Analysis
    64. Major Growth Strategy in the Plywood Market
    65. Competitive Benchmarking
    66. Leading Players in Terms of Number of Developments in the Plywood Market
    67. Key developments and growth strategies
    68. New Product Launch/Service Deployment
    69. Merger & Acquisitions
    70. Joint Ventures
    71. Major Players Financial Matrix
    72. Sales and Operating Income
    73. Major Players R&D Expenditure. 2023
    74. Company Profiles
    75. Moore and Giles
    76. Financial Overview
    77. Products Offered
    78. Key Developments
    79. SWOT Analysis
    80. Key Strategies
    81. Resolute Forest Products
    82. Financial Overview
    83. Products Offered
    84. Key Developments
    85. SWOT Analysis
    86. Key Strategies
    87. GeorgiaPacific
    88. Financial Overview
    89. Products Offered
    90. Key Developments
    91. SWOT Analysis
    92. Key Strategies
    93. Weyerhaeuser
    94. Financial Overview
    95. Products Offered
    96. Key Developments
    97. SWOT Analysis
    98. Key Strategies
    99. Canfor
    100. Financial Overview
    101. Products Offered
    102. Key Developments
    103. SWOT Analysis
    104. Key Strategies
    105. Maine Woods Company
    106. Financial Overview
    107. Products Offered
    108. Key Developments
    109. SWOT Analysis
    110. Key Strategies
    111. Hood Industries
    112. Financial Overview
    113. Products Offered
    114. Key Developments
    115. SWOT Analysis
    116. Key Strategies
    117. Universal Forest Products
    118. Financial Overview
    119. Products Offered
    120. Key Developments
    121. SWOT Analysis
    122. Key Strategies
    123. Cabot Woodworking
    124. Financial Overview
    125. Products Offered
    126. Key Developments
    127. SWOT Analysis
    128. Key Strategies
    129. Arauco
    130. Financial Overview
    131. Products Offered
    132. Key Developments
    133. SWOT Analysis
    134. Key Strategies
    135. PlyGem
    136. Financial Overview
    137. Products Offered
    138. Key Developments
    139. SWOT Analysis
    140. Key Strategies
    141. West Fraser Timber
    142. Financial Overview
    143. Products Offered
    144. Key Developments
    145. SWOT Analysis
    146. Key Strategies
    147. Pacific Wood Laminates
    148. Financial Overview
    149. Products Offered
    150. Key Developments
    151. SWOT Analysis
    152. Key Strategies
    153. LP Building Solutions
    154. Financial Overview
    155. Products Offered
    156. Key Developments
    157. SWOT Analysis
    158. Key Strategies
    159. Norbord
    160. Financial Overview
    161. Products Offered
    162. Key Developments
    163. SWOT Analysis
    164. Key Strategies
    165. References
    166. Related Reports
    167. US Plywood Market SIZE ESTIMATES & FORECAST, BY GRADE, 2019-2035 (USD Billions)
    168. US Plywood Market SIZE ESTIMATES & FORECAST, BY WOOD TYPE, 2019-2035 (USD Billions)
    169. US Plywood Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD Billions)
    170. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    171. ACQUISITION/PARTNERSHIP
    172. MARKET SYNOPSIS
    173. US PLYWOOD MARKET ANALYSIS BY GRADE
    174. US PLYWOOD MARKET ANALYSIS BY WOOD TYPE
    175. US PLYWOOD MARKET ANALYSIS BY APPLICATION
    176. KEY BUYING CRITERIA OF PLYWOOD MARKET
    177. RESEARCH PROCESS OF MRFR
    178. DRO ANALYSIS OF PLYWOOD MARKET
    179. DRIVERS IMPACT ANALYSIS: PLYWOOD MARKET
    180. RESTRAINTS IMPACT ANALYSIS: PLYWOOD MARKET
    181. SUPPLY / VALUE CHAIN: PLYWOOD MARKET
    182. PLYWOOD MARKET, BY GRADE, 2025 (% SHARE)
    183. PLYWOOD MARKET, BY GRADE, 2019 TO 2035 (USD Billions)
    184. PLYWOOD MARKET, BY WOOD TYPE, 2025 (% SHARE)
    185. PLYWOOD MARKET, BY WOOD TYPE, 2019 TO 2035 (USD Billions)
    186. PLYWOOD MARKET, BY APPLICATION, 2025 (% SHARE)
    187. PLYWOOD MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    188. BENCHMARKING OF MAJOR COMPETITORS

    US Plywood Market Segmentation

     

     

     

    • Plywood Market By Grade (USD Billion, 2019-2035)

      • MR Grade
      • BWR Grade
      • Fire Resistant Grade
      • BWP Grade
      • Structural Grade

     

    • Plywood Market By Wood Type (USD Billion, 2019-2035)

      • Softwood
      • Hardwood

     

    • Plywood Market By Application (USD Billion, 2019-2035)

      • Furniture
      • Flooring & Construction
      • Automotive Interior
      • Packaging
      • Marine
      • Others

     

     

     

     

     

     

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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials