The U.S. plywood market totaled 13.1M cubic metres in 2017, a decline of 3.1M cubic metres (or 19%) against the outset level. In wholesale prices, the market totaled $5.7B in 2017, remaining relatively stable against the previous year.
The market value declined sharply between 2007 and 2009, continuing with a recovery over the next six years: this was largely due to the expansion of the residential and industrial construction sector, as well as renovation of existing homes. Despite failing to reach pre-crisis figures, the trend changed in 2016 when the market declined again by 6%, stabilizing over the subsequent year.
The market is projected to reach 15.1M cubic metres
Plywood can be used for various purposes, depending on the surface treatment applied. Plywood is used in residential, commercial and industrial practice, mainly in furniture production, construction, interior decorating, and packaging, and also as coatings and wall-cladding.