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The veneer industry has a bright outlook mainly due to the decreasing availability of native raw material from forests. This industry can produce one hundred veneer layons from a log, in comparison to one table being produced from conventional conversion methods. This means that prime logs can be utilised to thier full extent, with up to 95 percent of that log being utilised. New technology has enabled the industry to utilise regrowth and plantation timber which was previously thought to be to small in diameter. Melamine paper overlays do not seem to be effecting the veneer industry as the paper overlay industry has not yet achieved a totally natural look that veneer contains. Also each veneer layon has its own identity, whereas paper overlays are produced in a mass production situation using replica patterns.
The plywood industry can also claim a bright future. At this present time the industry is producing more plywood than they have in the last 20 years. Application where plywood has resurged includes flooring and wall lining, as plywood gives a more nature look and finish. Also plywood is the only non-cement wood composite that can be fully utilised in external and marine conditions.