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Wood Paneling Manufacturing in the US - Industry Market Research Report

Wood Paneling Manufacturing in the US

The Wood Paneling Manufacturing industry manufactures wood panel and products from softwood and hardwood lumber and adhesives, such as resin. While these products can serve a variety of purposes, construction, particularly new home construction, is the industry's largest market. Therefore, industry demand largely depends on the number of housing starts and the value of investments in residential construction. However, industry participation has stagnated during the five-year period. The largest companies in the industry have made gains in market share. The industry's major players have also increased their vertical integration of upstream timber tracts, which has enabled them to reduce input costs and maintain profitability amid a gradual rise in import penetration and the resulting increase in price-based competition. Over the five years to 2024, IBISWorld anticipates that the residential construction market will continue to grow, albeit at a slower rate, sustaining demand for industry products. Wood will remain dominant in single-family residential construction, causing this market to continue to be the most significant driver of demand; however, a recent rise in awareness of the environmental benefits of wood in construction may present opportunities for operators to increase their sales to commercial markets, in which they have historically experienced far greater substitute competition.

The industry includes companies that manufacture veneer, plywood, engineered wood or reconstituted wood products. The industry does not include companies that primarily engage in sawmilling or wood preservation, nor does it include companies that primarily produce dimensions stock.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2019)
    • Table Industry Structure
  • Industry Performance
    • Table Value of residential construction
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2019)
    • Table Major market segmentation (2019)
    • Table Industry trade balance
    • Table Exports To...
    • Table Business Locations 2019
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
    • Table Trade Globalization
  • Major Companies
    • Table Major Players
    • Table Weyerhaeuser Company (US industry-specific segment) – financial performance*
    • Table Boise Cascade Company (US industry-specific segment) – financial performance*
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
    • Table Industry Financial Ratios
  • Jargon & Glossary

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