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Woodworking Industry News

Wood pellet industry expected to reach $29B in 2027

The Global Wood Pellet market was valued at $11.622 billion in 2020 and is expected to grow at a CAGR of 14.49% over the forecast period to reach a total market size of $29.964 billion in 2027. Wood pellets are renewable energy carriers. These are produced from sawdust or other ground woody materials. According to international standards, product requirements for energy density, moisture, abrasion resistance, particle size, and shape for wood pellets are defined, turning wood pellets into a commodity.

Woodworking Industry News

Wood products industry sputters the most in new PMI survey

The U.S. manufacturing downturn deepened in January, fueled by a further pullback in orders and factory production. Of the 15 industries tracked, Wood products contracted the most while furniture was the fourth-ranked industry in terms of contraction. The Institute for Supply Management’s gauge of factory activity fell for a fifth straight month in January to 47.4, the weakest since May 2020. Readings below 50 indicate contraction.

Cabinets

2023 Kitchen and Bath Trends: Superior Cabinets' experts scour the data

As we start 2023, here are our 2023 kitchen and bath trend predictions. A significant influencer for these trend predictions comes from styles and items of the past, as many homeowners are seeking sentimental, familiar, and comfortable items. The 2023 kitchen and bath trends can be summarized as Nostalgic, Unique, Collected, and Natural.