NEW YORK, Feb. 7, 2017 /PRNewswire/ -- The Veneer, Plywood, and Engineered Wood Product establishments manufacture veneer, plywood, engineered wood members and reconstituted wood products. Some products produced by this industry include hardwood and softwood veneer, fabricated and laminated wood arches, wood roof, floor trusses, wood sheets and boards.
Asia was the largest region in the manufactured wood materials market in 2016, accounting 65% market share. This was mainly due to a population in China and India and real estate industry boom in the region, driving demand for wood flooring, interiors, furniture, door and windows. The Americas was the second largest region accounting 15% market share. Europe was the third largest region accounting for 14% market share.
The engineered wood products segment is gaining popularity and it is fastest growing segment in manufactured wood materials market. Engineered wood is manufactured by binding veneers, boards of wood, fibers and particles with adhesives and it is widely used by customers in the construction industry. They are pre-finished, durable, water resistant and easier to mount. The engineered wood products include I-beams, laminated veneer lumber products and glulam products. I-beam product is widely used in load-bearing commercial and residential applications. These beams are of high-strength and are used to manufacture supporting structures. The end users of engineered wood products are non-residential floors manufacturers, floor and roof remodelers, non-residential sectors and new residential roof manufacturers.