Wood-Based Panel Market Industry Share, Size, Growth
Wood-Based Panel Market Wood-Based Panel Market is anticipated to grow at a faster rate during the forecast period (2020-2027) The factors driving the growth of Wood-Based Panel Market includes growing population, rapid urbanization, increasing investments for construction of residential and commercial spaces along with its ability to provide structural durability to roofs and walls. As per the report published by IBEF, the real estate Industry in India is anticipated to reach US$ 1 trillion by the end of 2030, accounting for 18-20% of India's GDP, which will increase the Wood-Based Panel Market size in India. The growing use of Wood-Based Panels in furniture, ongoing technological innovations, rising repair, and renovation activities and increasing demand for Wood-Based Panels in packaging industry, are the factors accelerating the for the growth of Wood-Based Panel Market in the International Markets. However, the growth of Wood-Based Panel is hindered due to variations in...