Developed Countries or Regions Wood-based Panel Demand is Stable
In terms of the development history of wood-based panels in developed countries or regions, the output of wood-based panels in the United States stepped into a plateau after the 21st century, while that of Wood-based panels in Europe continued to grow, and the demand remained stable after the wood-based panel market entered the mature stage.
In terms of downstream application fields, according to the European Wood-based Panel Federation (EPF), the top few wood-based panel applications in Europe in 2020 are furniture 46%, construction and decoration 29%, flooring 4%, packaging 4% in terms of concentration, Kronospan and AGag (Egger) the city that two big bibots occupy rate in European market achieves 27% 9% respectively,CR5 amounts to 50%,CR10 amounts to 62%, industry concentration is higher;
In terms of the concentration degree of the downstream cabinet industry, the CR5 of the European cabinet industry in 2015 was 35%(data source,Nobia Annual Report). The cabinet industry is the sub-sector with the highest concentration degree of the entire furniture industry (cabinet is highly functional), and the concentration degree of the furniture industry is lower than that of the decorative board.
Attribution analysis shows that the plate has strong functional attributes and is easy to standardize production and processing, and the brand effect and scale effect are obvious.
However, the household attaches great importance to personalized design and service attributes, so the brand effect and scale effect are not obvious, making the plate more easily concentrated than furniture.
