DUBLIN, Feb. 29, 2024 (GLOBE NEWSWIRE) — U.S “US Decorative Veneers Market – Focus Insights 2024-2029” reference has been added to ResearchAndMarkets.com special offer.
The US decorative veneer market was valued at USD 1.53 billion in 2023 and is expected to grow at a CAGR of 3.51% from 2023 to 2029.
Consumer preference for customizing and personalizing decorative veneers has grown across the US market in recent years. Demand for veneers based on exotic wood species, including zebrawood, rosewood, and ebony, is growing significantly, driving the US decorative veneer market.
United States Decorative Veneer Sheet Market Report contains exclusive data on 28 vendors. AHC Hardwood Group, Columbia Forest Products, Flexible Materials, FormWood Industries, Inc., GL Veneer, MBVeneer Corp, Oakwood Veneer and Timber Products Company are the leading players with strong market penetration.
In the US decorative veneer market, most companies balance high-quality product offerings with competitive prices to maintain the market. Many companies focus on niche application segments such as high-end furniture, musical instruments or architectural projects.
Hardwood veneer material is a dominant segment with a market size of over 60% in the US decorative veneer market due to its rich colors, traditional appeal and diverse species. Hardwood veneers are known for their decorative touches and fire-retardant properties. Demand for FSC-certified reclaimed wood and veneers is increasing in the US, which is driving demand for hardwood veneers. Due to technological advancements, digital printing can be possible for hardwood veneer, which creates an aesthetic appeal for the interior of homes.
The furniture applications segment holds the largest market share in the US decorative veneer market. The furniture department includes chairs, racks, tables, dinnerware, bookcases, bedside tables, side tables, office furniture, televisions, benches, trunks and drawers, etc. are increasing the demand for furniture segments in the US decorative veneer market.
The residential end-user segment is growing significantly, with the fastest CAGR of 3.69% during the forecast period. The availability of decorative veneers in various colors, textures, types and patterns to achieve a luxurious wood look is helping to gain traction in the market. Increasing demand for decorative veneers in the US market during the forecast period.
BUYING GUIDES
Growing demand for patterned and textured veneers: Patterned and textured veneers add extra visual interest and dimension to surfaces. Demand for interior design is growing significantly in the US, allowing for subtle touches and unique focal points. Different options such as organic textures, embossed designs and geometric patterns are driving the demand for decorative veneers in the US market.
Transforming homes with decorative veneers: Home improvement projects continue to increase in the US after the pandemic. This includes installation, repair, replacement, etc. Renovating a home helps increase property value. Decorative veneers offer a range of ceiling and wall cladding options, reinforcing consumer preference for personalized home decor aligned with aesthetically appealing decorative veneers. Increasing demand for decorative veneers in the US market during the forecast period.
BASIC QUESTIONS ANSWERED
- How big is the decorative veneer market in the US?
- What is the forecasted growth rate of the United States Decorative Veneers market?
- What are driving United States Decorative Veneers Market?
- Who are the leading market players in the United States Decorative Veneers market?
Basic features:
| Attribute reference | Details |
| Number of pages | 66 |
| Prognostic period | 2023 – 2029 |
| Estimated market value (USD) in 2023 | $1.53 billion |
| Projected Market Value (USD) to 2029 | $1.88 billion |
| Compound Annual Growth Rate | 3.5% |
| Covered Areas | United States |
LIST OF VENDORS
Key Sellers
- AHC Hardwood Group
- Columbia Forest Products
- Flexible Materials
- FormWood Industries, Inc.
- GL veneer
- MBVeneer Corp
- Oakwood veneer
- Lumber Company
Other prominent sellers
- Brookside Veneers Ltd
- Danzer Holding Ag
- Herzog veneers
- International Veneer Company, Inc.
- Lenderink Technologies
- Sauers & Company veneers
- The October Company, Inc.
- Universal veneer
- Veneer technologies
- WiseWood veneer
- AVEC American Veneer Edgebanding Co., Inc.
- BVC company
- Certainly Wood, Inc.
- Fibrous
- Great Lakes Veneer
- Indiana Veneers Corp.
- Joe Woodworker
- Manthi Wood Products
- Miller veneers
- UV group
MARKET SEGMENTATION & FORECAST US DECORATIVE SHEET MARKET Veneer
Hardware Market Insights (2023-2029)
- Hardwood veneers
- Softwood veneers
- Engineered veneers
- Others
Application Insights (2023-2029)
- Furniture
- Walls, ceilings and doors
- Cabinets & Fittings
- Others
End User Market Insights (2023-2029)
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