Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,295 million | USD 4693 million | 4.56% | 2022 |
FrequentlyAsked Questions
The global veneer sheets market is projected to grow owing to the increasing application of the construction business where veneer sheets are widely used in flooring, paneling, and cladding. Flooring describes the activity of permanently covering a given floor or its section or work related to the installation of floor covering.
According to study, the global veneer sheets market size was worth around USD 3,295 million in 2021 and is predicted to grow to around USD 4693 million by 2028 with a compound annual growth rate (CAGR) of roughly 4.56% between 2022 and 2028.
The global veneer sheets market is anticipated to grow at the highest rate in the Asia-Pacific market driven by rising demand for veneer sheets in the Indian market as the country moves toward infrastructural development. The growing disposable income amongst the population has allowed for a rise in spending on designing modern homes along with growing investments in the development of corporate offices, retail, leisure places, and parks.
The global veneer sheets market is led by players including Oakwood Veneer, GREENLAM INDUSTRIES LTD., CENTURYPLY, FormWood Industries, Pearlman Veneers, Sauers & Company Veneers, Flexible Materials, Samko Timber, and others.
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