Veneer Sheets Market Driven by Increasing Demand for Durable Décor from 2021 to 2031 | Future Market Insights, Inc.

Published Via 11Press : NEWARK, Del: The veneer sheets market is expected to exhibit consistency in the forecast period 2023 to 2031. Veneer sheets’ consumption is basically concentrated in the wood working projects for the parquet floors and also as part of furniture used in the residential and commercial sectors. The basic advantages include resistance to moisture, strength, and sustainability. The key participants are doling out multifunctional products like phenolic-backed, paper-backed, and likewise.

Veneer sheets get derived from several wood species like oak, black cherry, mahogany, maple, ash, bamboo, and likewise. They are generally pasted onto the substrates like plywood, blackboard, or MDF that are comparatively inexpensive for offering an all the more elegant finish. Apart from these, veneer sheets do offer more durability; which is expected to cast a spell on consumers.

On the above-mentioned grounds, governments in the MEA (the government of Saudi Arabia, in particular) are emphasizing on development of real estate in the form of commercial and residential projects that would be helping in boosting the economy. Also, there are massive investments observed in the education, tourism, and healthcare sectors.

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Veneer sheets are amongst the most sought-after materials for home décor. However, they are likely to be challenged by alternatives like laminate; which could be restraining the veneer sheets market going forward.

Natural veneers are in greater demand as eco-friendliness is taken care of. In other words, as they happen to be disposable, eco-friendliness is something not to bother about.

Various regulatory bodies have recommended needs for operations, layout, and usage of veneer sheets. They include NESHAP (National Emission Standard for Hazardous Air Pollutants), EPA (Environmental Protection Agency), and likewise.

Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Veneer Sheets Market’. Its team of analysts and consultants is there to deploy a 360-degree view in its primary, secondary, and tertiary modes of research.

“Call for aesthetic appeal to furniture is expected to take the veneer sheets market by storm in the forecast period”, says an analyst from Future Market Insights.

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Key Takeaways from Veneer Sheets Market

• North America holds the largest market share. This could be credited to an increase in construction spending all across the US along the lines of public as well as private construction projects being launched.
• Europe is expected to grow on the back of the UK. This could be attributed to the recovery of the construction projects post-pandemic. Germany stands second with the country’s splendid performance in the construction sector.
• The Asia-Pacific is expected to grow on the back of India, China, and Japan. In India, the plywood industry is restoring to normalcy due to rapid urbanization. China State Construction has been awarded various contracts pertaining to local casino operators and hotels like Melco, Wynn Resorts, MGM, and The 13 for public works and urban development projects. Japan has been witnessing growth post-recovery from Great East Japan Earthquake in 2011.

Competitive Veneer Sheets

• Oakwood Veneer Company and FormWood Industries, Inc. are known for offering a broad spectrum of veneer sheets designed to cater to exclusive applications.
• Centuryply offers ‘do-it-yourself’ options for obtaining sturdy and budget-friendly furniture.
• The other players in the veneer sheets market include GREENLAM INDUSTRIES Ltd., Sauers & Company Veneers, Turakhia Overseas Pvt. Ltd., CEDAN INDUSTRIES, Herzog Veneers, Inc., SR Wood, Ltd., Pearlman Veneers, and Flexible Materials Inc.

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Key Segments

Product Type:

• Paper-Backed
• Wood-Backed
• Phenolic-Backed
• Laid-Up
• Others

End Use:

• Commercial
• Residential

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

What does the Report state?

• The research study is based on product type (paper-backed, wood-backed, phenolic-backed, laid-Up, and likewise), and by end-use (residential and commercial).
• With veneer sheets offering durability, and smooth finishing, they are used in the building & construction vertical to build cabinets, paneling, and on musical instruments.

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations

3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation/Development Trends

4. Key Success Factors
4.1. Product Adoption/Usage Analysis
4.2. Product USPs/Features
4.3. Strategic Promotional Strategies  (TOC continued…!)

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