PLYWOOD MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Rise in infrastructure development projects

Infrastructure development has become a top priority for governments worldwide in recent years. There is a concentrated effort towards modernizing roads and highways network, upgrading rail transport, expanding airports, and building new ports. All such large infrastructure schemes involve phase-wise construction activities lasting several years. This sustained rise in infrastructure spending creates multi-year opportunities for wood panel producers catering to these project requirements.

Whether it is massive road expansion plans across countries like India, China, and the U.S. or new high-speed rail corridors coming up globally, plywood finds extensive usage in construction of bridges, tunnels and other civil works. Its rigidity, nail-holding capacity and resistance to pressure make it suitable for making shuttering plates and shuttering panels used in casting of concrete and highways construction. Similarly, in the expansion and modernization of airports and ports, engineered wood flooring and wall panelling made of plywood plays a major role.

Urban infrastructures like metro railway networks and bus rapid transit systems are also seeing significant investments to enhance the mobility and transport facilities in cities. Massive projects underway in Asian and African cities depend on quality plywood sheets in the construction of stations, terminals, overhead tracks, and platforms. Even in rural areas, infrastructure like schools, hospitals, warehouses and government offices incorporate versatile plywood board usage. Multi-year infrastructure development missions launched by nations fuel sustained growth opportunity for plywood producers, fabricators and suppliers in meeting such large-scale construction requirements.