Film Faced Plywood Market Size, Share, Growth, and Industry Analysis, By Type (Birch Film Faced Plywood, Poplar Film Faced Plywood, Pine film faced plywood and others), By Application (Engineering and Construction, Furniture Industry, Automotive and Transportation and Others), and Regional Forecast to 2031

Updated On: 29 April 2024

REPORT OVERVIEW

• 

• to learn more about this report

The global film faced plywood market size was 1926.22 million in 2022. As per our research, the market is expected to reach USD 2513.69 million by 2031, exhibiting a CAGR of 3.0% during the forecast period.

 The COVID-19 pandemic has been unprecedented and staggering, with film faced plywood experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Film faced plywood is a type of plywood that has a durable film coating on its surface. This coating is usually made of materials like phenolic resin or melamine. The film is bonded to the surface of the plywood under high pressure and heat, creating a strong and resilient material that is highly resistant to water, abrasion, chemicals, and other forms of wear and tear. This makes it suitable for various applications, particularly those that require a high level of resistance and durability.

Film faced plywood finds extensive usage in the construction industry, especially in concrete formwork applications. It is commonly used as a mould for concrete during construction, offering a smooth surface finish to the concrete structures. Its water-resistant properties make it ideal for use in environments where there is exposure to moisture or dampness. Additionally, it is used for applications such as truck and trailer flooring, industrial shelving, stages, and playground equipment.

COVID-19 IMPACT: Supply Chain Disruptions to Hamper Demand Significantly

COVID-19 had a life changing impact globally. The film faced plywood market growth was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for film faced plywood share experienced a reduced demand.

The film faced plywood market, like many other industries, experienced disruptions in the supply chain due to lockdowns, travel restrictions, and other pandemic-related measures. This led to delays in raw material procurement, production, and transportation, affecting the overall supply of film faced plywood. The pandemic resulted in the temporary halt of various construction projects globally. Many construction companies faced labor shortages, restrictions on movement, and financial challenges, leading to project delays or cancellations. This, in turn, lowered the demand for film faced plywood, particularly in the commercial and infrastructure construction sectors.

With the focus on public health and safety, the attention of the construction industry shifted toward implementing safety measures and protocols to prevent the spread of the virus. This shift in priorities often resulted in a temporary neglect of non-essential construction projects, impacting the demand for film faced plywood. The pandemic led to a global economic downturn, impacting the financial stability of many businesses and individuals. This financial strain led to budget cuts, reduced investments, and postponed projects, further affecting the demand for film faced plywood. The market is anticipated to boost the film faced plywood market growth following the pandemic.

LATEST TRENDS

Innovation in Materials to Broaden Market Growth

Manufacturers might focus on developing new types of films and adhesives that enhance the properties of film faced plywood, making it more resilient, adaptable to diverse environments, and capable of meeting specific industry requirements. There could be a growing demand for customizable film faced plywood products, catering to the diverse design needs of architects and construction professionals. This trend might lead to the development of film faced plywood with various textures, colors, and finishes, allowing for more creative and versatile construction applications.

Advancements in manufacturing processes and technologies may lead to the production of high-performance film faced plywood that offers improved durability, strength, and resistance. Additionally, the integration of digital technologies for quality control, supply chain management, and product development might become more prevalent in the industry. These latest developments are anticipated to boost the film faced plywood market share.

SEGMENTATION

• 

• to learn more about this report

By Type

Based on type, the market is divided into Birch Film Faced Plywood, Poplar Film Faced Plywood, Pine film faced plywood and others.

Birch Film Faced Plywood holds a major share of the global market.

By Application

Based on application, the market is bifurcated into Engineering and Construction, Furniture Industry, Automotive and Transportation and Others.

Engineering and Construction as application holds a major share of the global market.

DRIVING FACTORS

"Industrialization & Urbanization to Boost Market Share"

The process of industrialization and urbanization, particularly in emerging economies, has led to an increased demand for robust and durable construction materials. Film faced plywood, known for its resilience and water resistance, is extensively used in various industrial and urban construction projects, contributing to its market growth. The construction industry is a primary driver of the film faced plywood market. As construction activities increase, the demand for film faced plywood for applications such as formwork, flooring, and concrete molding also rises. Rapid urbanization and infrastructure development in various regions further contribute to the market growth

"Advantages over Traditional Plywood to Boost Market Growth"

Film faced plywood offers several advantages over traditional plywood, including enhanced durability, water resistance, and smooth surface finish. These advantages make it an attractive choice for various construction applications, driving its demand in the market. Continuous innovation and product development in the film faced plywood sector, such as the introduction of new materials, improved adhesives, and advanced manufacturing techniques, contribute to the expansion of the market. Manufacturers focusing on product enhancements to meet specific industry requirements further stimulate market growth. These factors are anticipated to drive the film faced plywood market share.

RESTRAINING FACTORS

"Competition from Alternative Materials to Hamper Market Share"

Competition from alternative construction materials, such as fiber cement boards, oriented strand boards (OSB), and other engineered wood products, can restrain the growth of the film faced plywood market. These alternative materials might offer different benefits and price points, appealing to a segment of consumers and affecting the overall demand for film faced plywood. The factors are anticipated to hinder the growth of the film faced plywood market growth.

REGIONAL INSIGHTS

• 

• to learn more about this report

"Asia Pacific Dominates the Film Faced Plywood Market with Rapid Urbanisation"

The Asia Pacific region has witnessed significant urbanization over the years, leading to increased demand for housing and infrastructure development. Plywood, including film faced plywood, is extensively used in the construction of residential and commercial buildings, contributing to the region's major share in the market. Countries in the Asia Pacific region, such as China, India, and Southeast Asian nations, have experienced substantial growth in their construction sectors. This growth is driven by various factors, including government initiatives, investments in infrastructure projects, and rising disposable incomes, all of which have propelled the demand for plywood in construction applications.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Sveza Company [Russia]
• Syktyvkar Plywood Mill [Russia]
• Plyterra Group [Russia]
• Sinoply Wood [China]
• Technomar [Turkey]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.