Global Appearance Boards Market Report

Market Insights

The Global Appearance Boards Market was estimated to grow from USD 15.88 billion in 2021 to USD 24.6 billion by 2028 at a healthy CAGR of 6.43% during the forecast period.

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What are Appearance Boards?

Appearance boards are flat rectangular building materials that are used in the construction sector. These boards are primarily used as a component in ceilings, walls, or floors. Some of these boards include plywood, blockboard, particleboard, and medium-density fibreboard.

Key Players

Key players operating in the global appearance boards market are-

• Alexandria Moulding (The U.S),
• Builder’s Choice (The U.S),
• Tom’s Quality Millwork (The U.S),
• Claymark (New Zealand),
• Mendocino (The U.S),
• Welldonewood (The U.S), and
• Sure-Wood Forest Products (The U.S).

Market Dynamics

Surging demand for appearance for domestic enterprises is a key factor boosting the market growth during the forecast timeline.

• Also, rise in investments in product innovation and expanding product varieties with enhanced properties further increased the product consumption.
• Moreover, rising adoption of furniture in offices and housing societies further offers ample growth opportunities to the industry players in the following years.

Segments Analysis

Application Trends

Based on application, the market is bifurcated into commercial and residential.

• The residential segment held a significant market share in 2021 and is estimated to register a healthy CAGR during the forecast timeline.
• This is mainly attributed to the increasing demand for furniture in the living room and bedroom along with the rise in real estate construction projects by governments especially in urban areas.
• Moreover, appearance boards are suitable for interior furniture, DIY crafts, woodworking projects, and décor, further boosts the segment growth.

Regional Trends

By region, the Asia Pacific market accounted for the largest share in 2021 and is expected to grow at a substantial CAGR in the following years.

• This is mainly ascribed to the growing purchasing power of the upper & middle-class population coupled with the booming real estate industry.
• In addition, rising demand for living room furniture followed by bedroom and kitchen and dining furniture further proliferates the regional market growth.

Segmentation

The report provides detailed insights, to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Segment wise analysis -

By Type:

• Block Board
• Plywood
• Medium Density Fiberboard
• Particle Board
• Others

By Application Type:

• Commercial
• Residential

By Region:

• North America 
• Europe
• Asia-Pacific
• Rest of the World

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COVID-19 Impact

The COVID-19 outbreak has moderately affected the appearance boards industry. Hospitality, commercial buildings, and real estate sectors were severely hit in the times of the COVID-19 pandemic. Most governments have enforced lockdown in their countries to curb the spread of the pandemic. This resulted in the postponement of cancellation of real estate projects and thus, affected the product demand.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market. The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new player

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the companies across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by voltage type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.