Report Overview

A surging demand for plywood and laminates from the thriving building and construction industry, particularly residential and commercial building, and growing popularity of sustainable building materials and DIY projects among homeowners are expected to drive United States Plywood and Laminates Market during the forecast period between 2024 and 2030.

United States Plywood and Laminates Market – Industry Trends & Forecast Report, 2030

United States Plywood and Laminates Market size was estimated at USD 9.80 billion in 2023. During the forecast period between 2024 and 2030, United States Plywood and Laminates Market size is projected to grow at a CAGR of 4.9% reaching a value of USD 13.8 billion by 2030. Prominent drivers of the market include increasing demand from the construction and home improvement sectors, supported by the robust United States economy and rapid urbanization. As the construction industry expands, the need for high-quality, versatile, and cost-effective building materials like plywood and laminates has grown substantially. These materials play a critical role in various applications, including flooring, wall panels, cabinetry, and furniture, making them essential components in both residential and commercial projects. The rise in home renovation and remodeling activities, driven by an aging housing stock and consumer preference for modern interiors, further contributes to market growth. Additionally, the market benefits from the growing trend toward sustainable and eco-friendly solutions. As consumers and businesses prioritize environmental responsibility, there has been a shift towards the use of eco-conscious production processes and recyclable materials, pushing manufacturers to innovate with greener products. Also, advancements in technology and design are fostering a competitive landscape. Market players are developing new products with enhanced durability, improved aesthetics, and moisture resistance to meet evolving consumer preferences. This combination of factors positions the United States Plywood and Laminates Market for sustained growth, supported by continued investment in construction and interior design.

Plywood and Laminates – Overview

Plywood is an engineered wood product made by gluing together thin layers, or "plies," of wood veneer, with each layer's grain running at right angles to the one above it, resulting in a strong, durable, and versatile material commonly used in construction, furniture, and cabinetry. Laminates, on the other hand, are multi-layered synthetic materials created by bonding layers of paper or fabric with resins under heat and pressure, often featuring a decorative top layer that mimics the look of natural wood or other surfaces. Known for their durability, affordability, and resistance to scratches, moisture, and heat, laminates are widely used for surface finishes in furniture, cabinetry, and flooring.

United States Plywood and Laminates Market

Growth Drivers

Surging Demand from Growing Construction Industry

The growth of the construction industry, particularly in residential and commercial building, is a key factor driving the expansion of the United States Plywood and Laminates market. Increased urbanization and strong economic performance have led to a rise in construction projects, with plywood and laminates playing an essential role due to their versatility, durability, and affordability. Additionally, the industry is embracing innovation and sustainability, with manufacturers adopting eco-friendly materials and processes to meet the growing demand for green building solutions. Plywood and laminates produced through sustainable forestry practices and recycled materials are gaining popularity. The ongoing strength of the residential housing market, fueled by population growth, demographic changes, and favorable interest rates, also bolsters demand for plywood and laminates, particularly in construction and home renovation projects where these materials are valued for their durability, aesthetics, and functionality.

Challenges

Rising Raw Material Costs

Rising raw material costs are a significant factor restraining the growth of the United States Plywood and Laminates market. Price fluctuations in key inputs such as timber, resins, and adhesives have increased production expenses, squeezing profit margins for manufacturers. These higher costs are often passed on to consumers, potentially reducing demand. Additionally, global supply chain disruptions and regulatory restrictions on raw material sourcing have further exacerbated the situation, posing challenges to market expansion and competitiveness.

Impact of Escalating Geopolitical Tensions on United States Plywood and Laminates Market

Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of United States Plywood and Laminates Market. These tensions can disrupt global supply chains, leading to shortages of essential raw materials and increased transportation costs. Furthermore, trade restrictions and tariffs may arise, impacting the availability and pricing of imported plywood and laminates. Such instability can also create uncertainty in the construction industry, discouraging investment and delaying projects. As a result, the market may face challenges in maintaining growth amid these geopolitical fluctuations.

United States Plywood and Laminates Market

Segmental Coverage

United States Plywood and Laminates Market – By Product Type

By product type, United States Plywood and Laminates Market is bifurcated into Plywood and Laminates segments. The plywood segment holds a higher share in United States Plywood and Laminates Market by product type. The plywood segment is subdivided into Softwood Plywood, Hardwood Plywood, Marine Plywood, and Structural Plywood. Among them, the hardwood plywood subsegment holds a higher share in United States Plywood and Laminates Market.

United States Plywood and Laminates Market – By Application

By application, United States Plywood and Laminates Market is divided into Building & Construction, Furniture, Interior Design, Cabinetry, and other segments.

United States Plywood and Laminates Market – By End User

By end user, United States Plywood and Laminates Market is divided into Residential, Commercial, Industrial, Transportation, and other (Packaging) segments. The residential segment holds the highest share in United States Plywood and Laminates Market by end user. The use of plywood in residential construction contributes positively to utility costs due to its high strength, impact resistance, and moisture resistance, resulting in low maintenance and durability. The pandemic increased demand for home renovations, leading to a rise in the replacement of ceilings, floors, furniture, cabinets, windows, and sliding doors, positively influencing the plywood industry. Furthermore, the growing preference for aesthetically pleasing, cost-effective, and eco-friendly products in areas like ceilings, decks, flooring, and kitchens is expected to continue driving plywood usage in the country’s households. Additionally, rising disposable incomes among homeowners have supported the trend toward enhancing residential aesthetics, contributing to the anticipated growth of the plywood market during the forecast period.

United States Plywood and Laminates Market – By Distribution Channel

On the basis of distribution channel, United States Plywood and Laminates Market divided into Direct Sales, Distributors and Wholesalers, Retail Stores, and Online Sales segments.

Competitive Landscape

Major players operating in United States Plywood and Laminates Market include Georgia-Pacific LLC, Boise Cascade Company, Weyerhaeuser Company, Roseburg Forest Products Co., Murphy USA Inc., Plum Creek Timber Company, Inc., Western Forest Products, Commonwealth Plywood Company Ltd, PotlatchDeltic Corporation, and Columbia Forest Products. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In February 2024 - CBRE Group Inc. completed its acquisition of J&J Worldwide Services in partnership with Arlington Capital Partners.

Scope of the Report

By Product Type

• Plywood

• Laminates

By Application

• Building & Construction

• Furniture

• Interior Design

• Cabinetry

• Others

By End User

• Residential

• Commercial

• Industrial

• Transportation

• Others (e.g., packaging)

By Distribution Channel

• Direct Sales

• Distributors & Wholesalers

• Retail Stores

• Online Sales