U.S. Plywood Market Is Projected To Grow Robustly By 2030
U.S. Plywood Industry The U.S. plywood market size is expected to reach USD 15.59 billion by 2030, according to Grand View Research, Inc. It is anticipated to expand at a CAGR of -1.9% from 2022 to 2030. The growth is positively impacted by the growth of the organized retail segment, including super-market, hyper-markets, and departmental stores, which also contributed to the growth of commercial buildings. The construction industry in the U.S. has been a significant contributor to the country’s growth and development of construction and real estate industries had been growing consistently till the outbreak of COVID-19. However, post the outbreak, the global economic flow was disrupted. Hence, to revive the market, several construction projects were launched in 2021 and 2022. Refurbishment includes renovation and remodeling of old buildings to make them energy-efficient, visually pleasing, and sustainable. In this process, maintenance, replacement, and repair of build...