PUBLISHER: Value Market Research | PRODUCT CODE: 1547286
PUBLISHER: Value Market Research | PRODUCT CODE: 1547286
The global demand for Oriented Strand Board Market is presumed to reach the market size of nearly USD 69.8 Billion by 2032 from USD 31.74 Billion in 2023 with a CAGR of 9.15% under the study period 2024-2032.
Oriented Strand Board is a multi-purpose structural wood panel made from water-resistant heat-cured adhesives with wood strands arranged in a specific orientation. It is suitable for end uses in roof cover, floor underlayment, subflooring, roof and wall sheathing, sheathing ceiling/deck. Other uses of oriented strand board include industrial containers and furniture manufacturing, marine applications, cargo van panels, pallets etc. This board can be chemically treated, improving resistance to decay or fire. OSBs are lightweight and have exceptional strength and durability.
The rise in residential and commercial construction activities and infrastructural development has increased the demand for wood panels for interior decoration and furniture, thereby boosting the demand for oriented strand boards. The oriented strand boards are considered superior due to their low cost, great strength, and durability; this may further boost the market demand. Due to technological advancements, OSBs are now being used in I-joists, floor trusses, stress skin panels, and structural core panels. This, in turn, will accelerate the market growth in the coming years. There is an increase in the use of OSBs in the packaging industry for food and beverages, pharmaceutical, cosmetics, and others which will likely propel the market growth. Government initiatives supporting green building materials will benefit the market of oriented strand boards.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Oriented Strand Board. The growth and trends of Oriented Strand Board industry provide a holistic approach to this study.
This section of the Oriented Strand Board market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Oriented Strand Board market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Oriented Strand Board market include Sonae SGPS, Egger, Coillte, Kronoplus Limited, SWISS Krono Group, Tolko Industries Ltd., Louisiana-Pacific Corporation, Georgia-Pacific, Weyerhaeuser Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.