The Business Research Company’s latest report Manufactured Wood Materials Market Report 2020 covers Manufactured Wood Materials market drivers, Manufactured Wood Materials market trends, Manufactured Wood Materials market segments, Manufactured Wood Materials market growth rate, Manufactured Wood Materials market major players, and Manufactured Wood Materials market size. The report provides in-depth analysis of the impact of COVID-19 on the Manufactured Wood Materials industry, along with revised market numbers due to the effects of the coronavirus.
Manufactured Wood Materials Market Report 2020 is the most comprehensive report available on this market and will help gain a truly perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The manufactured wood materials market is expected to decline from $264.7 billion in 2019 to $257 billion in 2020 at a compound annual growth rate (CAGR) of -3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $315.8 billion in 2023.
The report covers the Manufactured Wood Materials market’s segments-
1) By Type: Reconstituted Wood, Plywood, Veneer Sheets
2) By Application: Residential, Commercial
3) By Type of Wood Plant: Teak, Oak, Others.
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