The latest report by IMARC Group, titled “Oriented Strand Board (OSB) Market Report by Grade (OSB/1, OSB/2, OSB/3, OSB/4), Application (Construction, Furniture, Flooring, Packaging, and Others), End User (Residential, Non-residential), and Region 2024-2032,” finds that the global oriented strand board market size reached 35.0 Million Cubic Meters in 2023. Oriented strand board (OSB) is a versatile engineered wood panel manufactured using waterproof adhesives and rectangularly shaped wood strands that are arranged in cross-oriented layers. It is eco-friendly as OSB is made from crooked, knotty, and deformed trees. It has high shear strength, improved moisture resistance, versatility, cost-effectiveness, and good dimensional stability. It is consistent across the slides without having any holes and knots compared to plywood. As a result, it is widely used in modular kitchens, bookshelves, floors, walls, doors, tables and benches, boats, and wardrobes.
Global Oriented Strand Board Market Trends:
The growing demand for eco-friendly and sustainable products among the masses due to the increasing environmental concerns represent one of the key factors driving the market. Besides this, a rise in the construction of green buildings, along with the escalating demand for OSB as an alternative to traditional steel and concrete building materials, is propelling the growth of the market. In addition, there is an increase in the utilization of advanced technologies to manufacture OSB, which makes it strong, stiff, durable, lighter, and cheaper. This, coupled with the expanding construction industry, is contributing to the growth of the market. Moreover, key market players are extensively investing in research and development (R&D) activities to introduce enhanced wall and roof sheathing for tight building envelopes, which is positively influencing the market. Apart from this, OSB panels resist racking and shape distortion when exposed to demanding wind and seismic conditions, which is bolstering the growth of the market. Looking forward, IMARC Group expects the market to reach 48.9 Million Cubic Meters by 2032, exhibiting a CAGR of 3.7% during the forecast period (2024-2032)
Market Summary:
- Based on the grade, the market has been classified into OSB/1, OSB/2, OSB/3, and OSB/4. At present, OSB/3 holds the largest share in the market.
- On the basis of the application, the market has been segregated into construction, furniture, flooring, packaging, and others. Amongst these, the construction sector dominates the market.
- Based on end user, the market has been segmented into residential and non-residential.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Currently, North America exhibits a clear dominance in the market.
- The competitive landscape of the market has been studied in the report, with some of the key players being Arbec Forest Products Inc., Coillte, EGGER Group, Huber Engineered Woods LLC (J.M. Huber Corporation), Koch Industries Inc., Kronospan, Louisiana-Pacific Corporation, RoyOMartin, SWISS KRONO Group, Tolko Industries Ltd., West Fraser Timber Co. Ltd., and Weyerhaeuser Company.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion, Million Cubic Meters |
Segment Coverage |
Grade, 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 |
Arbec Forest Products Inc., Coillte, EGGER Group, Huber Engineered Woods LLC (J.M. Huber Corporation), Koch Industries Inc., Kronospan, Louisiana-Pacific Corporation, RoyOMartin, SWISS KRONO Group, Tolko Industries Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
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) |
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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