Engineered wood products are composed of raw wood combined with adhesives and resins. The raw wood can come from trees or from recovered wood chips and sawdust. The resins are typically synthetic. The mixture is then pressed together using heat and pressure. The final product has many of the benefits of solid wood while being more cost-effective. Engineered wood floors are often more durable than solid wood and are better suited for high-moisture environments. As a result, they can be installed on most levels of a home and over existing concrete.
Market Dynamics:
The growth of the engineered wood market is primarily attributed to the fact that new developments are designed to meet green building standards. This helps to reduce the overall project costs. In addition, increasing urbanization increases the need to optimize land use in urban areas. Moreover, increasing investments and funding in the market is again propelling market growth. Furthermore, increasing remodeling of old houses and growing new house construction are further driving growth of the engineered wood market.
On the other hand, strict environmental regulations pertaining to formaldehyde emissions is projected to hamper market growth.
Key features of the study:
- This report provides in-depth analysis of the global engineered wood market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global engineered wood market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Binderholz GmbH, Boise Cascade, Georgia-Pacific (Georgia-Pacific Wood Products LLC), HASSLACHER Holding GmbH, Havwoods India Pvt Ltd, Huber Engineered Woods LLC, KLH Massivholz Wiesenau GmbH, Kronoplus Limited, Louisiana-Pacific Corporation, Mayr-Melnhof Holz Holding AG, Norbord Inc, NORDIC STRUCTURES, Pacific, Woodtech Corporation, Resolute Forest Products, Roseburg, Stora Enso, West Fraser, and Weyerhaeuser Company
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global engineered wood market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global engineered wood market
Detailed Segmentation:
- Global Engineered Wood Market Type
- Plywood
- Oriented Strand Board (OSB)
- Glulam
- Cross Laminated Timber (CLT)
- Laminated Veneer Lumber (LVL)
- Particleboard
- Other Types
- Global Engineered Wood Market Application
- Non-residential
- Residential
- Global Engineered Wood Market Geography
- Asia-Pacific
- North America
- Europe
- South America
- Middle East & Africa
- Company Profiles
- Binderholz GmbH
- Boise Cascade
- Georgia-Pacific (Georgia-Pacific Wood Products LLC)
- HASSLACHER Holding GmbH
- Havwoods India Pvt Ltd
- Huber Engineered Woods LLC
- KLH Massivholz Wiesenau GmbH
- Kronoplus Limited
- Louisiana-Pacific Corporation
- Mayr-Melnhof Holz Holding AG
- Norbord Inc
- NORDIC STRUCTURES
- Pacific Woodtech Corporation
- Resolute Forest Products
- Roseburg
- Stora Enso
- West Fraser
- Weyerhaeuser Company
