Global Oriented Strand Board (OSB) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Oriented Strand Board (OSB) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Oriented strand board (OSB) is a type of engineered wood similar to particle board, formed by adding adhesives and then compressing layers of wood strands (flakes) in specific orientations. Oriented Strand Board is a widely used, versatile structural wood panel. Manufactured from waterproof heat-cured adhesives and rectangular shaped wood strands that are arranged in cross-oriented layers, OSB is an engineered wood panel that shares many of the strength and performance characteristics of plywood. OSB's combination of wood and adhesives creates a strong, dimensionally stable panel that resists deflection, delamination, and warping; likewise, panels resist racking and shape distortion when subjected to demanding wind and seismic conditions.

Market Overview:

The latest research study on the global Oriented Strand Board (OSB) market finds that the global Oriented Strand Board (OSB) market reached a value of USD 10227.26 million in 2022. It’s expected that the market will achieve USD 13254.27 million by 2028, exhibiting a CAGR of 4.42% during the forecast period.

Challenge posed by fluctuating raw material prices

Suppliers in the OSB market have a strong influence on product prices, as raw materials account for a large proportion of the overall manufacturing cost of OSB. Volatility in raw material prices may challenge market growth. Significant fluctuations in timber prices are expected to present production risks due to weather conditions. In addition, as crude oil prices fluctuate due to changes in the macro-environment, the prices of adhesives and resins used in products fluctuate greatly, which will increase production and operational risks for manufacturers. For example, the number and scale of forest fires in North America could affect wood production and prices, with potential increases of up to 10% to 20%. The fluctuation of raw material prices has an impact on the stability of production and operation of enterprises, and enterprises need to take precautionary measures against risks.

Disadvantage of Oriented Strand Board (OSB)

OSB also has issues with moisture that make it unattractive for some contractors. Although the surfaces and glues can tend to repel water, OSB edges are generally more vulnerable. This condition can lead to irreversible swelling and compromised dimensional stability. OSB also tends to hold moisture, leading to mold concerns. Mold tends to find a more nutritional base in hardwoods, which are primary materials in OSB products. If an OSB that is not waterproof is used, the edges of ordinary OSB may swell by as much as 15%. This has a limiting effect on the market.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview

Kronospan, Swiss Krono Group, West Fraser, Egger and Louisiana-Pacific are the five key players in the global Oriented Strand Board (OSB) market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Oriented Strand Board (OSB) market in the past 5 years.

Kronospan

Kronospan LLC manufactures and distributes wood-based panels. The Company offers products such as melamine-faced and lacquered panels, chemicals, worktops and window sills, wall and ceiling, paper, flooring, and betonyp building boards.

Swiss Krono Group

The SWISS KRONO Group, headquartered in Lucerne, Switzerland, is the world's leading manufacturer of wood-based materials. The company offers a wide range of products in the fields of interior design, flooring and building materials.

Segmentation Overview:

By type, OSB/1 segment accounted for the largest share of market in 2022.

OSB/1

OSB/1 - General-purpose boards and boards for interior fitments (including furniture) for use in dry conditions (EN 300).

OSB/2

OSB/2 - Load-bearing boards for use in dry conditions (EN 300). Internal use in dry conditions (RH<= 65%) for OSB 2.

OSB/3

OSB/3 Load-bearing boards for use in humid conditions (EN 300). The trade term OSB/3 comes from the technical class denoted in BS EN 300 for load-bearing boards for use in humid conditions. Humid in this instance meaning environments where boards are protected from external conditions but moisture content can increase because of humidity. Swelling limits:<= 15%.

OSB/4

OSB/4 Heavy-duty load-bearing boards for use in humid conditions (EN 300). Classed for heavy-duty load-bearing boards for use in humid conditions, the product is a denser, stronger and more water-resistant version of OSB/3 for the most demanding applications. Swelling limits: 10%-12%.

Application Overview:

In the Oriented Strand Board (OSB) market, 67.24% of the total value was generated through the Construction segment by application in 2022.

Key Companies in the global Oriented Strand Board (OSB) market covered in Chapter 3:

Luli GroupSwiss Krono GroupKronospanLouisiana-PacificGeorgia-PacificWest FraserDOK KalevalaEggerMedite Smartply

In Chapter 4 and Chapter 14.2, on the basis of types, the Oriented Strand Board (OSB) market from 2018 to 2029 is primarily split into:

OSB/1OSB/2OSB/3OSB/4

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Oriented Strand Board (OSB) market from 2018 to 2029 covers:

ConstructionIndustrial PackagingInterior FurnishingFloors

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)