Global Laminated Veneer Lumber Market Report and Forecast 2023-2028

Global Laminated veneer lumber Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global laminated veneer lumber market is projected to grow at a CAGR of 10.6% between 2023 and 2028. Aided by the escalating demand for convenience food products and the broadening applications of laminated veneer lumber in the culinary world, the market is expected to grow significantly by 2028.

Laminated veneer lumber (LVL) is an engineered wood product constructed from multiple layers of thin wood bonded together with durable, moisture-resistant adhesives. Due to its high strength, dimensional stability, and uniformity, it is a popular material in various applications, including beams, headers, rafters, columns, and flooring. These beneficial attributes make it a crucial player in the construction industry, particularly in the realm of residential and commercial buildings. In addition, laminated veneer lumber-based constructions don't need strong foundations and are simple to install, thus they are projected to generate a significant demand throughout the course of the forecast period.

The rising consumer inclination for durable and lightweight construction materials is a key factor propelling the global laminated veneer lumber market growth. With increasing consciousness about sustainable construction practices, there has been a significant shift towards engineered wood products like LVL, leading to a surge in demand. Additionally, the trend of minimalist and modern architecture, which often incorporates the natural aesthetics of wood, has further fostered the popularity of LVL.

In addition, the wide-ranging applications of LVL in numerous sectors is contributing significantly to the laminated veneer lumber market expansion. In the construction industry, LVL is used for its high load-bearing capacity and excellent resistance to warp, making it ideal for critical structural applications. Meanwhile, the furniture industry utilises LVL for its superior strength and stability, which are integral to the production of high-quality furniture pieces.

Moreover, the increasing demand for environmentally friendly alternatives in the construction sector has drawn a greater focus on LVL as a sustainable material. With the rise of green building practices and the growing popularity of energy-efficient designs, LVL has emerged as an essential component in the formulation of eco-friendly construction solutions, thus catalysing the laminated veneer lumber market expansion.

Market Segmentation

The market can be divided based on application, sector, and region.

Market Breakup by Application
  • Residential
  • Commercial
Market Breakup by Sector
  • New Construction
  • Replacement
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global laminated veneer lumber companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • Anderson Lumber Company
  • Murphy
  • METSÄ Group Companies
  • Chesapeake Plywood
  • ARCAT, Inc.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Engineered Wood Market Overview
8.1 Key Industry Highlights
8.2 Global Engineered Wood Historical Market (2018-2022)
8.3 Global Engineered Wood Market Forecast (2023-2028)
8.4 Global Engineered Wood Market by Product Type
8.5 Global Engineered Wood Market by Application
8.6 Global Engineered Wood Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Global Laminated Veneer Lumber Market Analysis
9.1 Key Industry Highlights
9.2 Global Laminated Veneer Lumber Historical Market (2018-2022)
9.3 Global Laminated Veneer Lumber Market Forecast (2023-2028)
9.4 Global Laminated Veneer Lumber Market by Application
9.4.1 Residential
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Commercial
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.5 Global Laminated Veneer Lumber Market by Sector
9.5.1 New Construction
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Replacement
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Others
9.6 Global Laminated Veneer Lumber Market by Region
9.6.1 Market Share
9.6.1.1 North America
9.6.1.2 Europe
9.6.1.3 Asia Pacific
9.6.1.4 Latin America
9.6.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Manufacturing Process
12.1 Detailed Process Flow
12.2 Operations Involved
12.3 Mass Balance
13 Value Chain Analysis
14 Price Analysis
14.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
15 Project Details, Requirements and Costs Involved
15.1 Land Requirement and Expenditures
15.2 Construction Requirements and Expenditures
15.3 Plant Machinery
15.4 Plant Layout
15.5 Machinery Pictures
15.6 Raw Material Requirements and Expenditures
15.7 Raw Material and Final Product Pictures
15.8 Packaging Requirements and Expenditures
15.9 Transportation Requirements and Expenditures
15.10 Utility Requirements
15.11 Manpower Requirements and Expenditures
15.12 Other Capital Investments
16 Loans and Financial Assistance
17 Project Economics
17.1 Capital Cost of the Project
17.2 Techno-Economic Parameters
17.3 Product Pricing
17.4 Income Projections
17.5 Expenditure Projections
17.6 Taxation and Depreciation
17.7 Financial Analysis
17.8 Profit Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Key Players’ Market Share
18.3 Company Profiles
18.3.1 Anderson Lumber Company
18.3.1.1 Company Overview
18.3.1.2 Product Portfolio
18.3.1.3 Demographic Reach and Achievements
18.3.1.4 Certifications
18.3.2 Murphy
18.3.2.1 Company Overview
18.3.2.2 Product Portfolio
18.3.2.3 Demographic Reach and Achievements
18.3.2.4 Certifications
18.3.3 METSÄ Group Companies
18.3.3.1 Company Overview
18.3.3.2 Product Portfolio
18.3.3.3 Demographic Reach and Achievements
18.3.3.4 Certifications
18.3.4 Chesapeake Plywood
18.3.4.1 Company Overview
18.3.4.2 Product Portfolio
18.3.4.3 Demographic Reach and Achievements
18.3.4.4 Certifications
18.3.5 ARCAT, Inc.
18.3.5.1 Company Overview
18.3.5.2 Product Portfolio
18.3.5.3 Demographic Reach and Achievements
18.3.5.4 Certifications
18.3.6 Others
19 Industry Events and Developments
List of Key Figures and Tables
1. Global Engineered Wood Market: Key Industry Highlights, 2018 and 2028
2. Global Engineered Wood Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Engineered Wood Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Engineered Wood Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Engineered Wood Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Engineered Wood Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Engineered Wood Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. Global Laminated Veneer Lumber Market: Key Industry Highlights, 2018 and 2028
9. Global Laminated Veneer Lumber Historical Market: Breakup by Application (USD Billion), 2018-2022
10. Global Laminated Veneer Lumber Market Forecast: Breakup by Application (USD Billion), 2023-2028
11. Global Laminated Veneer Lumber Historical Market: Breakup by Sector (USD Billion), 2018-2022
12. Global Laminated Veneer Lumber Market Forecast: Breakup by Sector (USD Billion), 2023-2028
13. Global Laminated Veneer Lumber Historical Market: Breakup by Region (USD Billion), 2018-2022
14. Global Laminated Veneer Lumber Market Forecast: Breakup by Region (USD Billion), 2023-2028
15. North America Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2018-2022
16. North America Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2023-2028
17. Europe Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2018-2022
18. Europe Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2023-2028
19. Asia Pacific Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2018-2022
20. Asia Pacific Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2023-2028
21. Latin America Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2018-2022
22. Latin America Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2023-2028
23. Middle East and Africa Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2018-2022
24. Middle East and Africa Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2023-2028
25. North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
26. Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
27. Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
28. Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
29. Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
30. Global Laminated Veneer Lumber Market Structure

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