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Plywood Industry 2023 Leaders Focus on Product Development and Strategic Partnerships to Drive Market Growth

  Plywood Industry Scope: Plywood Market Size was valued at USD 94978.5 million in 2021. The plywood market industry is projected to grow from USD 100772.19 million in 2022 to USD 152527.58 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2022–2030). Rising production capabilities with quick urbanization and increasing inclination towards customized interior designing are the key market drivers fueling the market. The construction industry makes use of this  plywood market  in the making of lightweight doors and shutters, as well as in the formation of lightweight partitions and external walls. Cabinets, including those used in the kitchen, are another common application. Plywood is a type of engineered wood made by gluing several thin layers of wood veneers together, with the grains of adjacent layers oriented at right angles to each other. This construction method enhances the material’s strength, stiffness, and stability, making i