Major Group SIC 2435 - Hardwood Veneer And Plywood

SIC 2435 - Hardwood Veneer And Plywood

SIC 24 - Lumber And Wood Products, Except Furniture
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 243 - Millwork, Veneer, Plywood, and Structural Wood Members
  SIC 241 - Logging SIC 242 - Sawmills And Planing Mills SIC 243 - Millwork, Veneer, Plywood, and Structural Wood Members SIC 244 - Wood Containers SIC 245 - Wood Buildings And Mobile Homes SIC 249 - Miscellaneous Wood Products
  - SIC 2435 - Hardwood Veneer And Plywood
    SIC 2431 - Millwork SIC 2434 - Wood Kitchen Cabinets SIC 2435 - Hardwood Veneer And Plywood SIC 2436 - Softwood Veneer And Plywood SIC 2439 - Structural Wood Members, Not Elsewhere Classified

Establishments primarily engaged in producing commercial hardwood veneer and those primarily engaged in manufacturing commercial plywood or prefinished hardwood plywood. This includes non-wood backed or faced veneer and non-wood faced plywood, from veneer produced in the same establishment or from purchased veneer. Establishments primarily engaged in the production of veneer which is used in the same establishment for the manufacture of wood containers, such as fruit and vegetable baskets and wood boxes are classified in Industry Group 244.

Industry trends:

The Hardwood Veneer and Plywood industry (NAICS 2435) is currently witnessing several qualitative trends, shaped by evolving market dynamics, technological advancements, and sustainability concerns. One significant trend is the increasing demand for eco-friendly and sustainable products. Consumers and corporations are more conscious of environmental impact, prompting manufacturers to adopt sustainable forestry practices and utilize environmentally friendly adhesives and finishes.

Technological advancements are also playing a crucial role. The adoption of advanced machinery, such as CNC (Computer Numerical Control) routers and laser cutting technology, is enhancing precision and efficiency in production. This not only improves product quality but also helps in reducing waste, aligning with the industry’s sustainability goals.

Customization and specialization have become key competitive differentiators. Customers are seeking unique and specialized products tailored to specific needs, driving manufacturers to offer a wider range of veneers and plywood with varied textures, colors, and finishes.

The industry is also seeing a shift towards digitalization. Companies are increasingly leveraging digital tools for better inventory management, customer relationship management, and supply chain optimization, thus improving overall operational efficiency.

Looking ahead, the market is expected to experience steady growth, driven by robust demand in the furniture and construction sectors. However, the industry may face challenges related to raw material availability and pricing volatility. Addressing these challenges through innovative sourcing strategies and cost management practices will be crucial for sustained growth.

This industry is comprised of:

Hardwood plywood composites

Hardwood veneer or plywood

Panels, hardwood plywood

Plywood, hardwood or hardwood faced

Prefinished hardwood plywood

Veneer mills, hardwood

Explore related industries:

SIC 2631 - Paperboard Mills SIC 3553 - Woodworking Machinery SIC 2861 - Gum and Wood Chemicals

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