Posted by 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 trends, share, size, 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 referred to as manufactured board, stands out as a versatile and forward-thinking construction material. It encompasses plywood, particleboard, oriented strand board (OSB), and laminated veneer lumber (LVL), each customized to suit precise project needs. Its composition differs from traditional solid wood, usually featuring layers or strands of wood veneers bonded with adhesives and compressed to form robust panels or boards. With its superior structural strength and adaptability, the global demand for engineered wood is on the rise.
Global Engineered Wood Market Trends and Drivers:
Currently, the escalating preference for eco-friendly alternatives to traditional wood is a significant factor driving market expansion. Moreover, the rising adoption of engineered wood, which offers easy installation and customization tailored to individual needs, is amplifying market growth. Additionally, the increasing demand for engineered wood, prized for its resistance to warping or cracking and its provision of heightened stability, is exerting a positive impact on the market. Furthermore, the surge in focus on environmentally conscious building practices and sustainable construction materials is presenting lucrative growth prospects for industry investors. Moreover, the growing awareness regarding the use of wood-based packaging to mitigate carbon emissions is further propelling market growth.
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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