The renewable resource, wood, is becoming increasingly popular as a feedstock material for additive manufacturing (AM). It can help make those processes more affordable and reduce their environmental impact. Individual layer fabrication (ILF) is a novel AM process conceived for structural applications. In ILF, parts are formed by laminating thin, individually contoured panels of wood composites which are fabricated additively by binder jetting. The individual fabrication of single panels allows the application of mechanical pressure in manufacturing those board-like elements, leading to a reduction of binder contend and an increase of mechanical strength. In this paper, the ILF process is described in detail, geometric and processing limitations are identified, and the mechanical properties of the intermediate product (panels) are presented. It is shown that the thickness of panels significantly influences the geometric accuracy. Wood composite panels from spruce chips and pMDI adhesive showed flexural strengths between 24.00 and 52.45 MPa with adhesive contents between 6.98 and 17.00 wt %. Thus, the panels meet the mechanical requirements for usage in the European construction industry. Additionally, they have significantly lower binder contents than previously investigated additively manufactured wood composites.