Massive upswings in home renovations and construction of new multi-residential dwellings is set to more than double demand for wood-based panel products such as plywood, plasterboard and in Australia over the next four decades, a new report has found.

In a recent forecast, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) says it expects overall volumes of wood-based panel consumption, including plywood, medium density fibreboard and plasterboard, to more than double from an annual average of 2 million cubic meters in 2010-14 to 4.3 million cubic…