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Laminated Veneer Lumber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global laminated veneer lumber market reached a value of US$ 2.9 Billion in 2020. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2026, exhibiting a CAGR of 10.6% during 2021-2026. 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 sectors. These insights are included in the report as a major market contributor.

Laminated veneer lumber (LVL) represents one of the widely used engineered wood products, which is made using sliced and peeled thin wood veneers. It is a lightweight construction material that finds application in public buildings, industrial warehouses, product components, large-prefabricated buildings, and customized wooden houses. This can be accredited to its durability, uniformity, high strength, and dimensional precision. Besides this, it is also used for structural framing in commercial and residential construction, which includes joists, beams, lintels, purlins, concrete formwork, truss chords, and scaffold boards.

 

 
 

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Laminated Veneer Lumber Market Trends:

Due to inflating income levels and the growing global population, there is a rise in the uptake of new construction projects in the residential, commercial, and infrastructural sectors. This represents one of the key factors strengthening the growth of the market. Moreover, structures built with LVL require a short construction period than traditional materials, such as concrete and bricks, which is positively influencing the overall sales. This can be attributed to its easy and faster installation and reduced time of shrinkage. Apart from this, LVL is made with heavy-duty glue that adds stability and strength and offers advantages such as waterproofing and resistance to rot, insects, and mold, which is creating a positive market outlook. Furthermore, as the production process of LVL is environment friendly, governments of numerous countries are encouraging end users to shift towards these wood panels. The ongoing research undertaken by leading players to explore the feasibility of manufacturing LVL using different materials is also fueling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global laminated veneer lumber market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on application and sector.

Breakup by Residential and Commercial Application:

 

 
 

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  • Residential
  • Commercial

 

The residential sector holds the largest market share on account of the increasing utilization of LVL as a bearing structure in roofs, walls and floors.

Breakup by New Construction and Replacement Sector

  • New Construction
  • Replacement

 

Presently, the new construction sector accounts for the majority of the total market share. This can be accredited to the expanding application of LVL in beams, purlins, lintels, formwork, and truss chords.

Breakup by Region:

 

 
 

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  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

 

At present, North America enjoys the leading position in the market due to the rising number of new residential housing projects, especially in the United States.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are STEICO SE, Louisiana-Pacific Corporation, Roseburg Forest Products Co., UFP Industries, Inc., Brisco Manufacturing Ltd., Huber Engineered Woods LLC, Murphy Company, Weyerhaeuser Company, Boise Cascade Company, Nelson Pine Industries Limited, Stora Enso Oyj, and Magnus Plywood Pvt. Ltd.

This report provides a deep insight into the global laminated veneer lumber market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a laminated veneer lumber manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the laminated veneer lumber industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units Million Cubic Meters, US$ Billion
Segment Coverage Residential and Commercial Application, New Construction and Replacement Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered STEICO SE, Louisiana-Pacific Corporation, Roseburg Forest Products Co., UFP Industries, Inc., Brisco Manufacturing Ltd., Huber Engineered Woods LLC, Murphy Company, Weyerhaeuser Company, Boise Cascade Company, Nelson Pine Industries Limited, Stora Enso Oyj and Magnus Plywood Pvt. Ltd.
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1     Objectives of the study
    2.2     Stakeholders
    2.3     Data Sources
        2.3.1     Primary Sources
        2.3.2     Secondary Sources
    2.4     Market Estimation
        2.4.1     Bottom-Up Approach
        2.4.2     Top-Down Approach
    2.5     Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Engineered Wood Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Price Trends
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by Region
    5.7    Market Forecast
6   Global Laminated Veneer Lumber Market
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Impact of COVID-19
    6.4    Price Analysis
        6.4.1    Key Price Indicators
        6.4.2    Price Structure
        6.4.3    Price Trends
    6.5    Market Breakup by Region
    6.6    Market Breakup by Residential and Commercial Application
    6.7    Market Breakup by New Construction and Replacement Sector
    6.8    Market Forecast
    6.9    SWOT Analysis
        6.9.1    Overview
        6.9.2    Strengths
        6.9.3    Weaknesses
        6.9.4    Opportunities
        6.9.5    Threats
    6.10    Value Chain Analysis
        6.10.1    Overview
        6.10.2    Forest Owners
        6.10.3    Sawmills
        6.10.4    LVL Manufacturers
        6.10.5    Distributors and Retailers
        6.10.6    Exporters
        6.10.7    End-Use Industries
    6.11    Porter’s Five Forces Analysis
        6.11.1    Overview
        6.11.2    Bargaining Power of Buyers
        6.11.3    Bargaining Power of Suppliers
        6.11.4    Degree of Competition
        6.11.5    Threat of New Entrants
        6.11.6    Threat of Substitutes
    6.12    Key Success and Risk Factors
7   Market Breakup by Region
    7.1    Asia Pacific
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    North America
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Europe
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Latin America
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Middle East and Africa
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Residential and Commercial Application
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by New Construction and Replacement Sector
    9.1    New Construction
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Replacement
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Competitive Landscape
11  Laminated Veneer Lumber (LVL) Manufacturing

    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Unit Operation Involved
    11.4    Mass Balance and Raw Material Requirements
12  Project Details, Requirements and Costs Involved
    12.1    Land Requirements and Expenditures
    12.2    Construction Requirements and Expenditures
    12.3    Plant Machinery
    12.4    Machinery Pictures
    12.5    Raw Material Requirements and Expenditures
    12.6    Raw Material and Final Product Pictures
    12.7    Packaging Requirements and Expenditures
    12.8    Transportation Requirements and Expenditures
    12.9    Utilities Requirements and Expenditures
    12.10    Manpower Requirements and Expenditures
    12.11    Other Capital Investments
13  Loans and Financial Assistance
14  Project Economics

    14.1    Capital Cost of the Project
    14.2    Techno-Economic Parameters
    14.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    14.4    Taxation and Depreciation
    14.5    Income Projections
    14.6    Expenditure Projections
    14.7    Financial Analysis
    14.8    Profit Analysis
15  Key Player Profiles

List of Figures

Figure 1: Global: Engineered Wood Market: Volume Trends (in Million Cubic Meters), 2015-2020
Figure 2: Global: Engineered Wood Market: Value Trends (in Billion US$), 2015-2020
Figure 3: Global: Engineered Wood Market: Average Prices (in US$/Cubic Metre), 2015-2020
Figure 4: Global: Engineered Wood Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Engineered Wood Market: Breakup by Application (in %), 2020
Figure 6: Global: Engineered Wood Market: Breakup by Region (in %), 2020
Figure 7: Global: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Meter), 2021-2026
Figure 8: Global: Engineered Wood Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 9: Global: LVL Market: Volume Trends (in Million Cubic Meters), 2015-2020
Figure 10: Global: LVL Market: Value Trends (in Billion US$), 2015-2020
Figure 11: LVL Market: Price Structure (US$/Cubic Meter)
Figure 12: Global: LVL Market: Average Prices (in US$/Cubic Metre), 2015-2020
Figure 13: Global: LVL Market Forecast: Average Prices (in US$/Cubic Metre), 2021-2026
Figure 14: Global: LVL Market: Breakup by Region (in %), 2020
Figure 15: Global: LVL Market: Breakup by Residential and Commercial Application (in %), 2020
Figure 16: Global: LVL Market: Breakup by New Construction and Replacement Application (in %), 2020
Figure 17: Global: LVL Market Forecast: Volume Trends (in Million Cubic Meters), 2021-2026
Figure 18: Global: LVL Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 19: Global: LVL Market: SWOT Analysis
Figure 20: Global: LVL Market: Value Chain Analysis
Figure 21: Global: LVL Market: Porters Five Forces Analysis
Figure 22: Asia-Pacific: LVL Market (in Million Cubic Meters), 2015 & 2020
Figure 23: Asia-Pacific: LVL Market Forecast (in Million Cubic Meters), 2021-2026
Figure 24: North America: LVL Market (in Million Cubic Meters), 2015 & 2020
Figure 25: North America: LVL Market Forecast (in Million Cubic Meters), 2021-2026
Figure 26: Europe: LVL Market (in Million Cubic Meters), 2015 & 2020
Figure 27: Europe: LVL Market Forecast (in Million Cubic Meters), 2021-2026
Figure 28: Latin America: LVL Market (in Million Cubic Meters), 2015 & 2020
Figure 29: Latin America: LVL Market Forecast (in Million Cubic Meters), 2021-2026
Figure 30: Middle East and Africa: LVL Market (in Million Cubic Meters), 2015 & 2020
Figure 31: Middle East and Africa: LVL Market Forecast (in Million Cubic Meters), 2021-2026
Figure 32: Global: LVL (Residential Applications) Market: Volume Trends (in Million Cubic Meters), 2015 & 2020
Figure 33: Global: LVL (Residential Applications) Market Forecast: Volume Trends (in Million Cubic Meters), 2021-2026
Figure 34: Global: LVL (Commercial Applications) Market: Volume Trends (in Million Cubic Meters), 2015 & 2020
Figure 35: Global: LVL (Commercial Applications) Market Forecast: Volume Trends (in Million Cubic Meters), 2021-2026
Figure 36: Global: LVL (New Construction Sector) Market: Volume Trends (in Million Cubic Meters), 2015 & 2020
Figure 37: Global: LVL (New Construction Sector) Market Forecast: Volume Trends (in Million Cubic Meters), 2021-2026
Figure 38: Global: LVL (Replacement Sector) Market: Volume Trends (in Million Cubic Meters), 2015 & 2020
Figure 39: Global: LVL (Replacement Sector) Market Forecast: Volume Trends (in Million Cubic Meters), 2021-2026
Figure 40: LVL Manufacturing: Detailed Process Flow
Figure 41: LVL Manufacturing: Conversion Rates of Feedstocks
Figure 42: LVL Manufacturing: Breakup of Capital Costs (in %)
Figure 43: LVL Industry: Profit Margins at Various Levels of the Supply Chain
Figure 44: LVL Manufacturing Plant: Breakup of Operating Costs (in %)

List of Tables

Table 1: Global: Engineered Wood Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: LVL Market: Key Industry Highlights, 2020 and 2026
Table 3: Global: LVL Market Forecast: Breakup by Region (in Million Cubic Meters), 2021-2026
Table 4: Global: LVL Market Forecast: Breakup by Residential and Commercial Application (in Million Cubic Meters), 2021-2026
Table 5: Global: LVL Market Forecast: Breakup by New Construction and Replacement Sector (in Million Cubic Meters), 2021-2026
Table 6: Global: LVL Market: Competitive Structure
Table 7: Global: LVL Market: Key Players
Table 8: LVL Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: LVL Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: LVL Manufacturing Plant: Costs Related to Machinery (in US$)
Table 11: LVL Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (in US$/Ton)
Table 12: LVL Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: LVL Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: LVL Manufacturing Plant: Capital Costs (in US$)
Table 16: LVL Manufacturing Plant: Techno-Economic Parameters
Table 17: LVL Manufacturing Plant: Taxation and Depreciation (in US$)
Table 18: LVL Manufacturing Plant: Income Projections (in US$)
Table 19: LVL Manufacturing Plant: Expenditure Projections (in US$)
Table 20: LVL Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 21: LVL Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$) 
Table 22: LVL Manufacturing Plant: Profit and Loss Account (in US$)

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Key Question Answered in this Report

The global laminated veneer lumber market was valued at US$ 2.9 Billion in 2020.
 

Rapid urbanization, the expanding construction sector, and the rising availability of the product as a substitute for conventional building materials, like concrete and structural steel, are some of the key factors catalyzing the global laminated veneer lumber market.
 

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous construction activities, thereby limiting the demand for laminated veneer lumber.
 

Based on the end-use, the global laminated veneer lumber market has been bifurcated into commercial and residential, where the residential sector currently holds the largest market share.
 

Based on the new construction and replacement, the global laminated veneer lumber market can be categorized into new construction and replacement. Currently, new construction accounts for the majority of the total market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
 

Some of the major players in the global laminated veneer lumber market include Clarke Veneers and Plywood, Roseburg, Nelson Pine Industries Limited, Weyerhaeuser, etc.
 

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