Global Thermally-Modified Timber (TMT) Market Growth 2023-2029

Global Thermally-Modified Timber (TMT) Market Growth 2023-2029

Thermally-Modified Timber (TMT) is referring to a wood which is modified by a controlled pyrolysis process. In this process, the wood is heated up to 180°Celcius, in the absence of oxygen. This process helps the chemical to change its cell structure of cell wall components in the wood in order to increase its durability. During this process, the low oxygen content prevents the wood from burning even at the high temperature. There are five thermal modification processes: Thermowood, Retification Process, Les Bois Perdure, Plato Process, and Oil Heat Treatment.

Thermal modification uses heat to remove organic compounds from the wood cells, so it will not absorb water, expand, contract, or provide nourishment for insects or fungi. The high heat produces a naturally durable wood that is permanently resistant to water, insects, and decay. Because the wood is not absorbing chemicals to be treated, but rather removing moisture, the wood is lightweight.

LPI (LP Information)' newest research report, the “Thermally-Modified Timber (TMT) Industry Forecast” looks at past sales and reviews total world Thermally-Modified Timber (TMT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermally-Modified Timber (TMT) sales for 2023 through 2029. With Thermally-Modified Timber (TMT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermally-Modified Timber (TMT) industry.

This Insight Report provides a comprehensive analysis of the global Thermally-Modified Timber (TMT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermally-Modified Timber (TMT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermally-Modified Timber (TMT) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermally-Modified Timber (TMT) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermally-Modified Timber (TMT).

The global Thermally-Modified Timber (TMT) market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Thermally-Modified Timber (TMT) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Thermally-Modified Timber (TMT) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Thermally-Modified Timber (TMT) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Thermally-Modified Timber (TMT) players cover Arbor Wood, Oy Lunawood, Oy SWM-Wood, Stora Enso, Thermory AS, Cambia by NFP, Timura Holzmanufaktur GmbH, Novawood and Kärävä Oy, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermally-Modified Timber (TMT) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Thermo-S Thermally-Modified Timber (TMT)
Thermo-D Thermally-Modified Timber (TMT)

Segmentation by application
Commercial
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Arbor Wood
Oy Lunawood
Oy SWM-Wood
Stora Enso
Thermory AS
Cambia by NFP
Timura Holzmanufaktur GmbH
Novawood
Kärävä Oy
Thermoarena OÜ
Bingaman & Son Lumber
AHC Hardwood Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermally-Modified Timber (TMT) market?

What factors are driving Thermally-Modified Timber (TMT) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermally-Modified Timber (TMT) market opportunities vary by end market size?

How does Thermally-Modified Timber (TMT) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.