To achieve success in the competition of the global marketplace, choosing a trustworthy engineered wood market research document is the key. This recent market report is an answer to all queries clients may be looking for. The report explains market analysis based on regional, local as well as global levels. By synchronizing with research managers, the FactMR team provides the clients with every strategic aspect including product development, key areas of development, application modelling, use of technologies, business acquisition strategies, and exploring niche growth opportunities and new markets.

The global engineered wood market (人工木材市場) is projected to expand at a Compound Annual Growth Rate (CAGR) of 9.5%. This growth is expected to drive the market from a value of US$ 24.86 billion in 2023 to US$ 61.61 billion by the end of 2033.

The engineered wood market has emerged as a pivotal force in the global construction industry, revolutionizing traditional practices with its versatility, sustainability, and cost-effectiveness. Engineered wood products, including plywood, oriented strand board (OSB), laminated veneer lumber (LVL), and glued laminated timber (glulam), have witnessed a surge in demand driven by their superior performance characteristics and environmental credentials.

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Market Dynamics:

The engineered wood market's growth trajectory is underpinned by several key factors. Firstly, increasing environmental concerns and a shift towards sustainable building materials have spurred demand for engineered wood, which boasts lower carbon footprints compared to conventional alternatives. Additionally, advancements in manufacturing technologies have enhanced the structural integrity and aesthetic appeal of engineered wood products, expanding their applications across residential, commercial, and industrial construction segments. Moreover, stringent regulations mandating the use of eco-friendly materials in construction projects have further bolstered market growth.

Market Future Outlook:

Looking ahead, the engineered wood market (공학 목재 시장) is poised for robust expansion. As urbanization accelerates worldwide, particularly in emerging economies, the demand for affordable, durable building materials is set to surge. Engineered wood's ability to offer cost-effective solutions without compromising on quality positions it favorably to capitalize on this trend. Furthermore, ongoing research and development efforts aimed at enhancing product performance and diversifying applications are expected to fuel market growth in the coming years. The advent of mass timber construction techniques, such as cross-laminated timber (CLT) and nail-laminated timber (NLT), presents significant growth opportunities, particularly in high-rise building projects seeking sustainable alternatives to traditional steel and concrete structures.

Market Insights:

One of the defining trends shaping the engineered wood market (marché du bois d'ingénierie) is the growing preference for prefabricated and modular construction solutions. Engineered wood's dimensional stability and ease of customization make it an ideal choice for off-site manufacturing, enabling faster project delivery and reduced onsite labor costs. Moreover, its lightweight nature facilitates easier transportation and installation, further driving adoption across diverse construction applications. Additionally, rising awareness regarding the health and well-being benefits associated with timber construction, such as improved indoor air quality and biophilic design elements, is spurring demand for engineered wood products in residential and commercial projects alike.

Key Players:

  • Weyerhaeuser Company
  • Boise Cascade
  • Roseburg Forest Products
  • Louisiana-Pacific Corporation.
  • A&M Flooring
  • ALAMCO Wood Products, LLC
  • D.R. Johnson Wood Innovations
  • Eagle Plywood Specialties
  • FraserWood Industries Ltd.
  • Georgia-Pacific Wood Products LLC
  • Hardel Mutual Plywood Corporation
  • Havwoods
  • Huber Engineered Woods LLC
  • Natron Wood Products
  • Nordic Homeworx LLC
  • Pacific Woodtech Corporation
  • Patrick Industries, Inc.
  • Plywood Co., Ltd
  • Scotch Plywood Company, Inc.
  • Sound Wood Products, Inc.

Competitive Landscape:

Key players in the engineered wood market are significantly investing in research and development to innovate and create advanced wood products. To capitalize on synergies and resources, several key players are forging strategic partnerships and collaborations within the value chain. Furthermore, they are expanding regionally to diversify their customer base and decrease reliance on specific markets.

In December 2022, Boise Cascade purchased 45 acres in Walterboro, South Carolina, and an additional 34-acre parcel in Hondo, Texas, to expand its distribution facilities into two new local markets.

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Key Segments of Engineered Wood Industry Research

  • By Type :
    • Plywood
    • Glulam
    • Oriented Strand Boards
    • Laminated Veneer Lumber
    • I-beams
    • Cross-laminated Timber
  • By Application :
    • Furniture
    • Construction
    • Packaging
    • Flooring
  • By End User :
    • Residential
    • Commercial
    • Industrial
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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