The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global engineered wood market reached a volume of 254.4 Million Cubic Metres in 2021. Looking forward, IMARC Group expects the market to reach 374.1 Million Cubic Metres by 2027, exhibiting a growth rate (CAGR) of 6.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Engineered wood, also known as composite wood, is made by binding particles, strands, fibers, veneers, or thin wood boards with adhesives. It is durable, waterproof, cost-effective, eco-friendly, moisture-resistant, and easier to clean as compared to its counterparts. It is widely used in modular kitchens, bookshelves, floors, walls, doors, tables and benches, boats, and wardrobes. At present, the growing traction of advanced grading wood among consumers is catalyzing the demand for engineered wood across the globe.
The growing demand for engineered wood as a substitute for emission-intensive materials, such as concrete, steel, and aluminum, to reduce greenhouse gases represents one of the key factors driving the market. Moreover, there is a rise in the innovation and remodeling of homes, especially in developed countries. This, along with increasing investments by governments of several countries in housing projects, is propelling the growth of the market. Additionally, there is a rise in the demand for cross-laminated timber (CLT) as a construction material across the globe. This, coupled with the growing applications of oriented strand board (OSB) in residential applications like walls, flooring, and roofs, is positively influencing the market. Besides this, increasing research and development (R&D) programs to introduce advanced variants of engineered wood that assist in sustainable construction is offering lucrative growth opportunities to industry investors. Apart from this, the escalating demand for aesthetically appealing furniture with stylish curves, arches, embossing, and trim, is bolstering the growth of the market. Some of the other factors anticipated to strengthen the growth of the market are rapid industrialization, improvement in the living standards of individuals, and the increasing demand for prefabricated houses worldwide.
IMARC Group provides an analysis of the key trends in each sub-segment of the global engineered wood market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end user.
Breakup by Type:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Boise Cascade Company, Havwoods Ltd, Huber Engineered Woods LLC (J.M. Huber Corporation), Louisiana-Pacific Corporation, Mayr-Melnhof Holz Holding AG, Nordic Structures, Pacific Woodtech Corporation (Daiken Corporation), Roseburg Forest Products Co. (Wilsonart), Stora Enso Oyj, Ufp Industries Inc., West Fraser Timber Co. Ltd and Weyerhaeuser Company.
|Base Year of the Analysis||2021|
|Units||Million Cubic Metres|
|Segment Coverage||Type, Application, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Boise Cascade Company, Havwoods Ltd, Huber Engineered Woods LLC (J.M. Huber Corporation), Louisiana-Pacific Corporation, Mayr-Melnhof Holz Holding AG, Nordic Structures, Pacific Woodtech Corporation (Daiken Corporation), Roseburg Forest Products Co. (Wilsonart), Stora Enso Oyj, Ufp Industries Inc., West Fraser Timber Co. Ltd and Weyerhaeuser Company.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at