Engineered Wood Market, By Type (Plywood, Oriented Strand Board (OSB), Glulam, Cross Laminated Timber (CLT), Laminated Veneer Lumber (LVL), and Other Types), By Application (Non-residential and Residential), By Geography (North America, Latin America, Asi

Engineered Wood Market, By Type (Plywood, Oriented Strand Board (OSB), Glulam, Cross Laminated Timber (CLT), Laminated Veneer Lumber (LVL), and Other Types), By Application (Non-residential and Residential), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Engineered wood products are manufactured by binding or fixing together wood strands, veneers, particles, or fibers with adhesives to form a composite material. This process enables the manufacture of wood products with enhanced durability and structural integrity when compared to natural wood. Engineered wood finds wide application in the construction industry in flooring, roofing, exterior siding, and beams owing to properties like dimensional stability, strength, and moisture resistance. Rising demand for affordable and sustainable construction materials is expected to drive the growth of the engineered wood market in the coming years.

Market Dynamics:

The global engineered wood market is driven by factors such as rapid urbanization, growth in the real estate, and construction industries and rising consumer preference for green building materials. Engineered wood possesses properties such as dimensional stability, strength and moisture resistance which makes it suitable for applications in flooring, roofing, and beams where durability is important. This coupled with its affordable price point compared to solid wood has supported its increasing adoption. However, factors such as fluctuating raw material prices and stringent forestry regulations in certain countries pose a challenge to market growth. Ongoing R&D towards the development of engineered wood variants with superior performance characteristics presents an opportunity for market players to expand to niche application areas such as automotive and marine interiors.

Key Features of the Study:

• This report provides in-depth analysis of the global engineered wood market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 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 , 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, 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-

• By Type:
• Plywood
• Oriented Strand Board (OSB)
• Glulam
• Cross Laminated Timber (CLT)
• Laminated Veneer Lumber (LVL)
• Other Types
• By Application:
• Non-residential
• Residential
• By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Company Profiles:
• Binderholz GmbH
• Boise Cascade
• Georgia-Pacific
• 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
• Woodtech Corporation
• Resolute Forest Products
• Roseburg
• Stora Enso
• West Fraser
• Weyerhaeuser Company