Summary
US Particle Board Market Research Report Information by Product type (Raw Particle Board, and Coated Particle Board), by Thickness (6mm, 12mm, 18mm, 25mm, and Custom Thickness), by Application (Furniture, Flooring, Kitchen, and Others), by Variant (Loose or Traditional, and Compact), by End User (Residential, and Non-Residential), by Dimention (2.8 meters x 2.1 meters (2800 mm x 2100 mm), 3.05 meters x 2.8 meters (3050 mm x 2800 mm), 3.05 meters x 1.5 meters (3050 mm x 1500 mm), 5.6 meters x 2.8 meters (5600 mm x 2800 mm), and 1.22 meters x 2.44 meters (48 inches x 96 inches)) Forecast to 2032
Overview of the Market
During the study period, the particle board market is expected to develop significantly at a compound annual growth rate (CAGR) of 4.78%. By the conclusion of the projection period (2024–2032), the market is anticipated to have grown from its 2023 valuation of USD 4,412.07 million to USD 6,690.01 million.
The growing need for cost-effective and ecologically friendly building materials from the furniture and construction industries is the main driver of the particle board market's growth in the United States. Particle board was used more frequently in interior applications including flooring, paneling, and cabinetry, which contributed to the growth in residential and commercial construction activity that followed the housing boom. The demand for reasonably priced and eco-friendly materials, such particle boards, which are manufactured from recycled wood waste, sawdust, and wood chips, is undoubtedly driving the market's growth. Demand has also been boosted by manufacturers adopting environmentally friendly procedures because of growing awareness of deforestation.
Market Segments Insight
The U.S. particle board market is divided into two segments based on the kind of product: coated particle board and raw particle board.
The market has been divided into six, twelve, eighteen, twenty-five, and custom thicknesses based on thickness.
The market has been divided into four segments based on application: Kitchen, Flooring, Furniture, and Others.
The market has been divided into two segments based on the variant: Compact and Loose or Traditional.
The U.S. particle board market has been divided into residential and non-residential segments based on the end user.
The market has been divided into several segments based on the dimensions in connection type: 2.8 x 2.1 m (2800 x 2100 mm), 3.05 x 2.8 m (3050 x 2800 mm), 3.05 x 1.5 m (3050 x 1500 mm), 5.6 x 2.8 m (5600 x 2800 mm), and 1.22 x 2.44 m (48 inches x 96 inches).
Key Players
The leading companies in the fiercely competitive particle board market are Boise Cascade Company, Georgia-Pacific, Weyerhaeuser Co (Weyerhaeuser), Roseburg Forest Products, Wilsonart, Formica Corporation, EGGER, Kronospan, Arauco, Louisiana-Pacific Corporation (LP), West Fraser Timber Co. Ltd., Woodgrain, Columbia Forest Products, Inc., and D&R Henderson Pty Ltd.
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Table of Contents
TABLE OF CONTENTS
1 Executive Summary ....................................................................................................................... 17
2 MARKET INTRODUCTION ............................................................................................................ 19
2.1 DEFINITION .................................................................................................................................................................. 19
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 19
2.3 Research Objective ...................................................................................................................................................... 19
2.4 MARKET STRUCTURE .............................................................................................................................................. 20
3 Research Methodology .................................................................................................................. 21
3.1 Overview 21
3.2 DATA flow ..................................................................................................................................................................... 22
3.2.1 Data Mining Process ....................................................................................................................................... 23
3.3 Purchased Database: .................................................................................................................................................. 24
3.4 Secondary Sources: ..................................................................................................................................................... 25
3.4.1 Secondary Research Data Flow: ....................................................................................................................... 26
3.5 Primary Research: ...................................................................................................................................................... 27
3.5.1 Primary Research DATA FLOW: ....................................................................................................................... 28
3.5.2 Primary Research: Number of Interviews conducted ........................................................................................ 29
3.6 Approaches for Market Size Estimation: ............................................................................................................. 30
3.6.1 Consumption & Net Trade Approach ................................................................................................................ 30
3.6.2 Revenue Analysis Approach ............................................................................................................................ 30
3.7 Data forecasting ........................................................................................................................................................... 31
3.7.1 Data Forecasting Technique ............................................................................................................................ 31
3.8 Data modeling .............................................................................................................................................................. 32
3.8.1 microeconomic factor analysis: ....................................................................................................................... 32
3.8.2 Data modeling: ............................................................................................................................................... 32
3.9 Teams and Analyst Contribution .......................................................................................................................... 34
4 Market Dynamics ........................................................................................................................... 35
4.1 Introduction .................................................................................................................................................................. 35
4.2 Drivers 36
4.2.1 Increasing demand for affordable housing in the U.S. construction sector ......................................................... 36
4.2.2 Growing adoption of sustainability and eco-friendly construction practices ....................................................... 36
4.2.3 Rising preference for low-emission, formaldehyde-free particle boards ............................................................. 37
4.3 Restraints ...................................................................................................................................................................... 38
4.3.1 Volatility in Raw Material Prices ...................................................................................................................... 38
4.3.2 Limited moisture resistance and durability compared to plywood and solid woods ............................................ 38
4.3.3 Rising energy costs impacting production expenses ......................................................................................... 39
4.4 Opportunity ................................................................................................................................................................... 41
4.4.1 Expansion into the modular construction industry ............................................................................................ 41
4.5 Impact Analysis of COVID-19 .................................................................................................................................. 41
4.5.1 Impact On Overall Construction ....................................................................................................................... 41
4.5.2 Impact On Global Particle board market ........................................................................................................... 41
4.5.3 Impact On Supply Chain Of Particle Board market ............................................................................................ 42
4.5.4 Impact On Market Demand Of Particle Board market ........................................................................................ 42
4.5.5 Impact On Pricing Of Particle Board market ..................................................................................................... 43
5 Market Factor Analysis................................................................................................................... 44
5.1 Supply chain AnalysiS .............................................................................................................................................. 44
5.1.1 Raw Material Sourcing .................................................................................................................................... 44
5.1.2 Manufacturing Process ................................................................................................................................... 45
5.1.3 Quality Control ............................................................................................................................................... 45
5.1.4 Distribution Channels ...................................................................................................................................... 46
5.2 Porter’s Five Forces Model ....................................................................................................................................... 47
5.2.1 Bargaining Power of Suppliers ......................................................................................................................... 47
5.2.2 Bargaining Power of Buyers ............................................................................................................................ 48
5.2.3 Threat of New Entrants ................................................................................................................................... 48
5.2.4 Threat of Substitutes ...................................................................................................................................... 49
5.2.5 Intensity of Rivalry .......................................................................................................................................... 49
5.3 Local Supplier List ...................................................................................................................................................... 50
5.4 Local Distribution CHannels ................................................................................................................................... 51
5.5 Local Formats (Sheet Sizes) Majorly Used .......................................................................................................... 52
6 U.S. Particle Board market, by PRODUCT TYPE .......................................................................... 53
6.1 Introduction .................................................................................................................................................................. 53
6.2 Raw Particle Board ..................................................................................................................................................... 54
6.3 Coated Particle Board ................................................................................................................................................. 54
7 U.S. Particle Board market, by THICKNESS .................................................................................. 56
7.1 Introduction .................................................................................................................................................................. 56
7.2 6mm 57
7.3 12mm 57
7.4 18mm 58
7.5 25mm 58
7.6 Custom Thicknes ........................................................................................................................................................ 59
8 U.S. Particle Board market, by APPLICATION ............................................................................... 60
8.1 Introduction .................................................................................................................................................................. 60
8.2 Furniture 61
8.3 Flooring 61
8.4 Kitchen 62
8.5 others 62
9 U.S. Particle Board market, by VARIANT ....................................................................................... 64
9.1 Introduction .................................................................................................................................................................. 64
9.2 Loose or Traditional ................................................................................................................................................... 64
9.3 compact 65
10 U.S. Particle Board market, by end user ........................................................................................ 66
10.1 Introduction .................................................................................................................................................................. 66
10.2 residential...................................................................................................................................................................... 67
10.2.1 Single-Family Homes ...................................................................................................................................... 67
10.2.2 Multi-Family Homes ........................................................................................................................................ 68
10.3 non resedential ............................................................................................................................................................ 68
10.3.1 commercial .................................................................................................................................................... 69
10.3.2 institutional .................................................................................................................................................... 69
10.3.3 industrial ........................................................................................................................................................ 70
11 U.S. Particle Board market, by Dimension ..................................................................................... 72
11.1 Introduction .................................................................................................................................................................. 72
11.2 2.8 meters x 2.1 meters (2800 mm x 2100 mm) .................................................................................................. 73
11.3 3.05 meters x 2.8 meters (3050 mm x 2800 mm) .............................................................................................. 73
11.4 3.05 meters x 1.5 meters (3050 mm x 1500 mm) ................................................................................................ 74
11.5 5.6 meters x 2.8 meters (5600 mm x 2800 mm) ................................................................................................. 74
11.6 1.22 meters x 2.44 meters (48 inches x 96 inches) ........................................................................................... 75
11.7 Others 75
12 Competitive Landscape.................................................................................................................. 76
12.1 Introduction .................................................................................................................................................................. 76
12.2 competition dashboard ............................................................................................................................................. 77
12.2.1 PRODUCT PORTFOLIO .................................................................................................................................... 79
12.2.2 REGIONAL PRESENCE ..................................................................................................................................... 79
12.2.3 STRATEGIC ALLIANCES .................................................................................................................................. 79
12.2.4 INDUSTRY EXPERIENCES ................................................................................................................................ 79
12.3 market share analysis, 2022 .................................................................................................................................... 79
12.4 who are the major disruptors & innovators ........................................................................................................ 80
12.5 what strategies are being adopted by market leaders .................................................................................... 80
12.6 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 81
12.6.1 PRODUCT LAUNCH ......................................................................................................................................... 81
12.6.2 merger and acquisition ................................................................................................................................... 81
12.6.3 Expansion ...................................................................................................................................................... 81
13 Competitive Landscape.................................................................................................................. 82
13.1 Woodgrain ..................................................................................................................................................................... 82
13.1.1 COMPANY OVERVIEW ..................................................................................................................................... 82
13.1.2 PRODUCTS OFFERed....................................................................................................................................... 83
13.1.3 KEY DEVELOPMENTS ...................................................................................................................................... 83
13.1.4 SWOT ANALYSIS ............................................................................................................................................ 84
13.1.5 Key Strategy ................................................................................................................................................... 84
13.2 Boise Cascade ............................................................................................................................................................... 85
13.2.1 COMPANY OVERVIEW ..................................................................................................................................... 85
13.2.2 PRODUCTS OFFERed....................................................................................................................................... 86
13.2.3 KEY DEVELOPMENTS ...................................................................................................................................... 86
13.2.4 SWOT ANALYSIS ............................................................................................................................................ 87
13.2.5 Key Strategy ................................................................................................................................................... 87
13.3 D&R Henderson Pty Ltd. ............................................................................................................................................ 88
13.3.1 COMPANY OVERVIEW ..................................................................................................................................... 88
13.3.2 PRODUCTS OFFERed....................................................................................................................................... 89
13.3.3 KEY DEVELOPMENTS ...................................................................................................................................... 89
13.3.4 SWOT ANALYSIS ............................................................................................................................................ 89
13.3.5 Key Strategy ................................................................................................................................................... 90
13.4 Georgia-Pacific ............................................................................................................................................................. 91
13.4.1 COMPANY OVERVIEW ..................................................................................................................................... 91
13.4.2 PRODUCTS OFFERed....................................................................................................................................... 92
13.4.3 KEY DEVELOPMENTS ...................................................................................................................................... 92
13.4.4 SWOT ANALYSIS ............................................................................................................................................ 92
13.4.5 Key Strategy ................................................................................................................................................... 93
13.5 Weyerhaeuser Company .......................................................................................................................................... 94
13.5.1 COMPANY OVERVIEW ..................................................................................................................................... 94
13.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 95
13.5.3 PRODUCTS OFFERed....................................................................................................................................... 95
13.5.4 KEY DEVELOPMENTS ...................................................................................................................................... 95
13.5.5 SWOT ANALYSIS ............................................................................................................................................ 96
13.5.6 Key Strategy ................................................................................................................................................... 96
13.6 Roseburg Forest Products......................................................................................................................................... 97
13.6.1 COMPANY OVERVIEW ..................................................................................................................................... 97
13.6.2 PRODUCTS OFFERed....................................................................................................................................... 98
13.6.3 KEY DEVELOPMENTS ...................................................................................................................................... 98
13.6.4 SWOT ANALYSIS ............................................................................................................................................ 99
13.6.5 Key Strategy ................................................................................................................................................... 99
13.7 ARAUCO 100
13.7.1 COMPANY OVERVIEW ..................................................................................................................................... 100
13.7.2 PRODUCTS OFFERed....................................................................................................................................... 101
13.7.3 KEY DEVELOPMENTS ...................................................................................................................................... 101
13.7.4 SWOT ANALYSIS ............................................................................................................................................ 102
13.7.5 Key Strategy ................................................................................................................................................... 102
13.8 Louisiana-Pacific Corporation ................................................................................................................................ 103
13.8.1 COMPANY OVERVIEW ..................................................................................................................................... 103
13.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 104
13.8.3 PRODUCTS OFFERed....................................................................................................................................... 104
13.8.4 KEY DEVELOPMENTS ...................................................................................................................................... 105
13.8.5 SWOT ANALYSIS ............................................................................................................................................ 105
13.8.6 Key Strategy ................................................................................................................................................... 106
13.9 West Fraser ................................................................................................................................................................... 107
13.9.1 COMPANY OVERVIEW ..................................................................................................................................... 107
13.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 108
13.9.3 PRODUCTS OFFERed....................................................................................................................................... 108
13.9.4 KEY DEVELOPMENTS ...................................................................................................................................... 109
13.9.5 SWOT ANALYSIS ............................................................................................................................................ 109
13.9.6 Key Strategy ................................................................................................................................................... 109
13.10 Columbia Forest Products, Inc. ............................................................................................................................... 111
13.10.1 COMPANY OVERVIEW ..................................................................................................................................... 111
13.10.2 PRODUCTS OFFERed....................................................................................................................................... 112
13.10.3 KEY DEVELOPMENTS ...................................................................................................................................... 112
13.10.4 SWOT ANALYSIS ............................................................................................................................................ 112
13.10.5 Key Strategy ................................................................................................................................................... 113
13.11 Wilsonart LLC .............................................................................................................................................................. 114
13.11.1 COMPANY OVERVIEW ..................................................................................................................................... 114
13.11.2 PRODUCTS OFFERed....................................................................................................................................... 115
13.11.3 KEY DEVELOPMENTS ...................................................................................................................................... 115
13.11.4 SWOT ANALYSIS ............................................................................................................................................ 115
13.11.5 Key Strategy ................................................................................................................................................... 116
13.12 Formica Corporation .................................................................................................................................................. 117
13.12.1 COMPANY OVERVIEW ..................................................................................................................................... 117
13.12.2 PRODUCTS OFFERed....................................................................................................................................... 118
13.12.3 KEY DEVELOPMENTS ...................................................................................................................................... 118
13.12.4 SWOT ANALYSIS ............................................................................................................................................ 118
13.12.5 Key Strategy ................................................................................................................................................... 119
13.13 EGGER 120
13.13.1 COMPANY OVERVIEW ..................................................................................................................................... 120
13.13.2 FINANCIAL OVERVIEW .................................................................................................................................... 121
13.13.3 PRODUCTS OFFERed....................................................................................................................................... 121
13.13.4 KEY DEVELOPMENTS ...................................................................................................................................... 121
13.13.5 SWOT ANALYSIS ............................................................................................................................................ 122
13.13.6 Key Strategy ................................................................................................................................................... 122
13.14 Kronoplus Limited ...................................................................................................................................................... 124
13.14.1 COMPANY OVERVIEW ..................................................................................................................................... 124
13.14.2 PRODUCTS OFFERed....................................................................................................................................... 125
13.14.3 KEY DEVELOPMENTS ...................................................................................................................................... 125
13.14.4 SWOT ANALYSIS ............................................................................................................................................ 125
13.14.5 Key Strategy ................................................................................................................................................... 126
