construction segment contributed to the largest share of nearly one-third of the global transparent wood market in 2021
PORTLAND, OREGON, UNITED STATES, April 19, 2023 /EINPresswire.com/ — The construction segment contributed to the largest share of nearly one-third of the global transparent wood market in 2021, and is expected to rule the roost during the forecast period. This is because transparent wood is one of the creative materials in the construction industry. It is used in residential buildings to let more light inside the building. It is also used as an encapsulating material to prevent heat leakage from the phase change material. However, the solar cell segment is projected to witness the fastest CAGR of 9.4% from 2022 to 2031, as transparent wood is used in solar cell panels, which may practically generate power from windows in workplaces, residences, automobile sunroofs, or even cellphones. The report also studies the furniture, automotive windshields, packaging, flexible electronics, and others segments.
Allied Market Research published a new report, titled, “Transparent Wood Market by Application (Construction, Furniture, Solar Cell, Automotive Windshields, Packaging, Flexible Electronics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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Wide applications of transparent wood in end-use industries such as construction, furniture, solar cell, and others and growth in construction activities fuel the growth of the global transparent wood market. However, vulnerability of transparent wood to water damage hinder the global market growth. On the other hand, surge in demand for sustainable building materials will present new growth opportunities for the global transparent wood market in the coming years.
This makes it important to understand the practical implications of the transparent wood market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
According to the report, the global transparent wood industry is estimated to generate $88.4 million in 2021 and $208.1 million by 2031, witnessing a CAGR of 9.0% from 2022 to 2031.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players including Abro, Cellutech AB, DEFY, Hoffmann Mineral GmbH, Holland Composites, InventWood, Nomaco, Preserva Products LTD., Sayerlack, and Wash Safe. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
The market in Europe was the largest in 2021, accounting for over one-third of the global transparent wood market, and is likely to maintain its dominance during the forecast timeframe. Transparent wood is primarily used in the packaging industry in Europe, as it has good oxygen resistance, water absorption, and biodegradability. Transparent wood is also used in the furniture and construction industries in load bearing window door frames and columns. However, the market in Asia-Pacific is likely to show the fastest CAGR of 9.5% during the forecast period. Transparent wood is produced in Asia-Pacific by polymerization of vinyl acetate monomer, followed by hydrolysis, and is used in a variety of end-user sectors such as paper, packaging, flexible electronics, and construction and furniture.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the transparent wood market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
KEY OFFERINGS OF THE REPORT:
Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
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