Global Thermally Modified Wood Boards Market Growth 2023-2029

Global Thermally Modified Wood Boards Market Growth 2023-2029

Thermally Modified Wood 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.
Thermally modified lumber is also more dimensionally stable because it is less susceptible to cupping and warping. The wood has increased heat resistance and weather resistance as well. When properly maintained, it will not chip, rot, or warp over the years. Many products offered in this category are rated for 20 or 25 years of exterior use.
This thermally modified wood is eco-friendly since harsh chemicals are never used in the development of this product. Unlike pressure-treated lumber, it will not corrode metals. As previously mentioned, it is also dimensionally stable with incredible durability.
Since thermally modified wood does not absorb or hold moisture as it would prior to treatment, species that typically do not perform well in outdoor or wet environments can now be used in a variety of applications, such as decking, siding, or flooring. It can also be used in environments that are less stable in moisture content, such as basements (with proper sub-flooring).
LPI (LP Information)' newest research report, the “Thermally Modified Wood Boards Industry Forecast” looks at past sales and reviews total world Thermally Modified Wood Boards sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermally Modified Wood Boards sales for 2023 through 2029. With Thermally Modified Wood Boards sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermally Modified Wood Boards industry.
This Insight Report provides a comprehensive analysis of the global Thermally Modified Wood Boards 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 Wood Boards portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermally Modified Wood Boards market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermally Modified Wood Boards 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 Wood Boards.
The global Thermally Modified Wood Boards market size is projected to grow from US$ 464.7 million in 2022 to US$ 790.4 million in 2029; it is expected to grow at a CAGR of 790.4 from 2023 to 2029.
Currently, there are many players in the market of Thermally Modified Wood, Stora Enso, Thermory AS, Oy Lunawood Ltd, Oy SWM-Wood Ltd and Thermoarena OÜ are playing important roles in Thermally Modified Wood Boards industry. Top three players took 44% market value share in 2019, the market is not so concentrated for now and is seeing to be more dispersed.
This report presents a comprehensive overview, market shares, and growth opportunities of Thermally Modified Wood Boards market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Thermo-S
Thermo-D
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 Ltd
Oy SWM-Wood Ltd
Stora Enso
Thermory AS
Cambia by NFP
Timura Holzmanufaktur GmbH
Novawood
Kärävä Oy
Thermoarena OÜ
Bingaman & Son Lumber, Inc.
AHC Hardwood Group

Key Questions Addressed in this Report
What is the 10-year outlook for the global Thermally Modified Wood Boards market?
What factors are driving Thermally Modified Wood Boards market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Thermally Modified Wood Boards market opportunities vary by end market size?
How does Thermally Modified Wood Boards 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.