Global Demand for Building Boards to Reach 398 Million Cubic Meters in 2017
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October 1, 2013 (www.investorideas.com newswire) Global demand for building boards is forecast to rise 6.2 percent per year through 2017 to 398 million cubic meters, significantly faster than during the 2007-2012 period. Gains will be driven by recoveries in the building construction markets of many developed countries, although growth will be exaggerated somewhat by a weak 2012 base, particularly in the US. Additionally, continued strong increases in building construction activity in developing areas, as well as increasing intensity of use, will boost demand. These and other trends are presented in World Building Boards, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
China was the largest national market for building boards in 2012 and will see its share of global demand rise to half of the total in 2017 . Continuing rapid growth and industrialization, as well as an increase in the average size of housing units in the country, will boost gains. Also, as personal incomes rise, households can better afford homes built with modern construction techniques and materials, such as building boards, thereby increasing demand.
Solid gains are also expected in the other regions of the world, particularly South America and Eastern Europe . Gains will be slightly below the world average, as the global financial crisis did not have as strong an impact as in the more developed areas, and these regions are starting from a higher 2012 base. The US market for building boards is forecast to post a strong recovery after suffering severe declines between 2007 and 2012. Western Europe is also projected to see a recovery through 2017, though not as strong as that in the US.
Structural boards (softwood plywood and oriented strand board -- OSB) are expected to see faster demand growth through 2017 than nonstructural boards . Structural boards are primarily used in construction applications and were therefore hurt more by the housing market collapses of the 2007-2012 period, so demand for them will rise from a lower base. OSB, which has the same performance characteristics as softwood plywood but is generally less expensive, is forecast to see faster growth than softwood plywood through 2017 as it continues to grow in popularity worldwide and gain market share. Among nonstructural boards (particleboard, medium density fiberboard
-- MDF, hardboard, and other boards), the fastest demand gains through 2017 are expected in MDF.
&coppy; 2013 by The Freedonia Group, Inc.
World Building Boards (published 09/2013, 346 pages) is available for $6100 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail firstname.lastname@example.org. Information may also be obtained through www.freedoniagroup.com.
A limited license to use or reprint information from this news release is granted to you provided attribution for the same – including, if possible, the price of the report – is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
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