Oriented Strand Board (OSB)

Oriented Strand Board (OSB)

Global Oriented Strand Board (OSB) Market to Reach US$50.6 Billion by 2030

The global market for Oriented Strand Board (OSB) estimated at US$21.7 Billion in the year 2023, is expected to reach US$50.6 Billion by 2030, growing at a CAGR of 12.9% over the analysis period 2023-2030. OSB / 1 Grade, one of the segments analyzed in the report, is expected to record a 10.9% CAGR and reach US$19.3 Billion by the end of the analysis period. Growth in the OSB / 2 Grade segment is estimated at 12.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.7 Billion While China is Forecast to Grow at 17.8% CAGR

The Oriented Strand Board (OSB) market in the U.S. is estimated at US$6.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.0 Billion by the year 2030 trailing a CAGR of 17.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.5% and 11.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.

Global Oriented Strand Board (OSB) Market - Key Trends & Drivers Summarized

Oriented Strand Board (OSB) is a type of engineered wood product made from thin wood strands that are oriented in specific directions and bonded together with adhesives under heat and pressure. OSB is widely used in construction for sheathing in walls, floors, and roofs due to its strength, durability, and cost-effectiveness. The manufacturing process involves layering strands of wood in cross-oriented patterns, which gives OSB its impressive structural properties. This makes it a popular choice for load-bearing applications in both residential and commercial buildings.

The use of OSB has grown significantly due to its advantages over traditional plywood. It offers better uniformity, resistance to warping, and a lower cost, which makes it an attractive option for builders and contractors. OSB can be produced from a variety of wood species, including aspen, poplar, and southern yellow pine, making it a versatile and sustainable building material. Furthermore, advancements in adhesive technology and manufacturing processes have improved the moisture resistance and overall performance of OSB, expanding its applications in different climatic conditions.

The growth in the Oriented Strand Board (OSB) market is driven by several factors. Firstly, the increasing demand for cost-effective and sustainable building materials in the construction industry is a major driver. Secondly, advancements in manufacturing technologies are enhancing the strength, durability, and moisture resistance of OSB, making it suitable for a wider range of applications. Thirdly, the rising trend of prefabricated and modular construction is boosting the demand for OSB due to its ease of use and adaptability. Additionally, the growing emphasis on green building practices and the use of renewable resources are promoting the adoption of OSB. Furthermore, the recovery of the housing market and increased construction activities in emerging economies are creating new growth opportunities for OSB manufacturers. Lastly, supportive government policies and incentives for sustainable construction materials are further driving the growth of the OSB market.

Select Competitors (Total 59 Featured) -

• Arbec Forest Products Inc.
• Coillte
• EGGER Group
• Georgia-Pacific LLC
• Huber Engineered Woods LLC.
• Kronoplus Limited
• SWISS KRONO AG
• Louisiana-Pacific Corporation
• RoyOMartin Lumber Company
• Sonae Arauco
• Tolko Industries Ltd.
• West Fraser
• Weyerhaeuser Company

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