Global Engineered Wood Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Engineered wood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Engineered wood market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global engineered wood market size reached 273.5 Million Cubic Metres in 2022. Looking forward, IMARC Group expects the market to reach 392.3 Million Cubic Metres by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Engineered wood, also known as manufactured board, is a versatile and innovative construction material. It comprises plywood, particleboard, oriented strand board (OSB), and laminated veneer lumber (LVL), each tailored to meet specific project requirements. It is distinct from traditional solid wood due to its composition, which typically includes layers or strands of wood veneers bonded together with adhesives and compressed to create durable panels or boards. As it offers enhanced structural integrity and versatility, the demand for engineered wood is increasing across the globe.
Global Engineered Wood Market Trends and Drivers:
At present, the rising preference for a sustainable alternative to traditional wood represents one of the primary factors supporting the growth of the market. Besides this, the increasing adoption of engineered wood, as it can be easily installed and customizable as per the needs of individuals, is strengthening the growth of the market. Additionally, the growing demand for engineered wood, as it is resistant to warping or cracking and provides enhanced stability, is positively influencing the market. Apart from this, the increasing focus on green building practices and sustainable construction materials is providing lucrative growth opportunities to industry investors. Furthermore, the rising awareness about utilizing wood-based packaging to reduce carbon emissions is bolstering the growth of the market.
Global Engineered Wood Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Boise Cascade Company, Havwoods Ltd, Huber Engineered Woods LLC (J.M. Huber Corporation), Louisiana-Pacific Corporation, Mayr-Melnhof Holz Holding AG, Nordic Structures, Pacific Woodtech Corporation (Daiken Corporation), Roseburg Forest Products Co. (Wilsonart), Stora Enso Oyj, Ufp Industries Inc., West Fraser Timber Co. Ltd and Weyerhaeuser Company
The report segmented the market on the basis of region, type, application and end user.
Breakup by Type:
- I-Beams
- Plywood
- Laminated Veneer Lumber (LVL)
- Glulam (Glued Laminated Timber)
- Oriented Strand Boards (OSB)
- Cross-Laminated Timber (CLT)
- Others
Breakup by Application:
- Construction
- Furniture
- Flooring
- Packaging
- Others
Breakup by End User:
- Residential
- Commercial and Industrial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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