Who are the key vendors in the Global Engineered Wood Market?

The global market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Engineered Woods. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'West Fraser Timber Co. Ltd. (Canada)', 'Weyerhaeuser Company (United States)', 'Canfor Corporation (Canada)', 'Louisiana-Pacific Corporation (United States)', 'Norbord Inc. (Canada)', 'Arauco (Chile)', 'Georgia-Pacific LLC (United States)', 'Tolko Industries Ltd. (Canada)', 'Boise Cascade Company (United States)', 'Rayonier Advanced Materials (United States)', 'Roseburg Forest Products (United States)', 'P Building Solutions (United States)', 'Stora Enso (Finland)', 'Kronospan Holdings Ltd. (Austria)', 'EGGER Group (Austria)', 'Swiss Krono Group (Switzerland)', 'Kährs Group (Sweden)', 'Pfleiderer Group (Germany)', 'Sonae Indústria SGPS, S.A. (Portugal)', 'Sveza Group (Russia)'

Engineered Wood Market Size, Share, Growth Analysis, By Type (Oriented strand board (OSB), Laminated veneer lumber (LVL)), By Application (Construction, Furniture), By End-User (Residential, Commercial & Industrial), By Region - Industry Forecast 2025-2032

Report ID: SQMIG20B2046 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 62 | Figures: 75

Engineered Wood Market Insights

Engineered Wood Market size was valued at USD 24.86 Billion in 2023 and is poised to grow from USD 27.22 Billion in 2024 to USD 56.26 Billion by 2032, growing at a CAGR of 9.50% during the forecast period (2025-2032).

The Global Engineered Wood Market is experiencing significant growth due to several factors. Engineered wood, also known as composite wood or man-made wood, offers a cost-effective and sustainable alternative to traditional solid wood products.

With the increasing demand for environmentally friendly construction materials, engineered wood is gaining traction in the market. It offers several advantages such as dimensional stability, durability, and resistance to moisture and pests.

Moreover, the growing focus on green building practices and stringent regulations regarding sustainable construction materials are driving the market growth. Additionally, the rising urbanization and construction activities in emerging economies are further fueling the demand for engineered wood products.

Overall, the Global Engineered Wood Market is poised for steady growth in the coming years.

US Engineered Wood Market is poised to grow at a sustainable CAGR for the next forecast year.

Engineered Wood Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Engineered Wood Market size was valued at USD 22.70 billion in 2022 and is poised to grow from USD 24.86 billion in 2023 to USD 51.38 billion by 2031, growing at a CAGR of 9.50% in the forecast period (2024-2031).

The global market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Engineered Woods. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'Boise Cascade Company ', 'Celulosa Arauco Y Constitucion SA ', 'Huber Engineered Woods LLC ', 'Louisiana-Pacific Corporation (LP) ', 'Patrick Industries, Inc. ', 'Raute Group ', 'Shenzhen Risewell Industry Co., Ltd ', 'Universal Forest Products, Inc. ', 'Swiss Krono Group ', 'Pfleiderer Group ', 'Sonae Indústria SGPS, S.A ', 'Sveza Group ', 'Tolko Industries Ltd. ', 'Roseburg Forest Products ', 'Stora Enso'

One driver of the market is the increasing focus on sustainable construction materials. Engineered wood products, such as plywood and laminated veneer lumber, are manufactured using recycled or sustainable wood fibers, making them an environmentally friendly alternative to traditional solid wood. The growing awareness and demand for sustainable building practices, along with the need for energy-efficient and eco-friendly solutions, drive the adoption of engineered wood in the construction industry.

One key market trend in the global Engineered Wood market is the increasing demand for sustainable and eco-friendly construction materials. Engineered wood, which is made from recycled and renewable materials, offers several environmental benefits such as reduced carbon footprint and conservation of natural resources. As sustainability becomes a priority in the construction industry, engineered wood products, such as cross-laminated timber (CLT) and laminated veneer lumber (LVL), are gaining popularity due to their durability, strength, and versatility. Additionally, the focus on energy-efficient buildings and green building certifications further drives the demand for engineered wood products, as they contribute to sustainable construction practices and offer design flexibility.

One dominant region in the global engineered wood market is North America. North America is a significant market for engineered wood due to the high demand for construction materials in the region. The region is characterized by a strong residential and commercial construction sector, which drives the demand for engineered wood products such as plywood, particleboard, and laminated veneer lumber. The presence of key players, technological advancements, and favorable government regulations supporting sustainable building practices further contribute to the dominance of North America in the engineered wood market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Engineered Wood Market Size, Share, Growth Analysis, By Type (Oriented strand board (OSB), Laminated veneer lumber (LVL)), By Application (Construction, Furniture), By End-User (Residential, Commercial & Industrial), By Region - Industry Forecast 2025-2032

Engineered Wood Market Insights

Engineered Wood Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Engineered Wood Market?

Who are the key vendors in the Engineered Wood Market?

What is the key driver of Engineered Wood Market?

What is the key market trend for Engineered Wood Market?

Which region accounted for the largest share in Engineered Wood Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300