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The global laminated veneer lumber market was valued at US$ 5 Billion in 2021.
We expect the global laminated veneer lumber market to exhibit a CAGR of 2.8% during 2022-2027.
The rising adoption of laminated veneer lumber for structural framing in commercial and residential
spaces, owing to its durability, uniformity, high strength, and dimensional precision, is primarily driving
the global laminated veneer lumber market.
The 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 overall demand for laminated veneer lumber.
Based on the residential and commercial application, the global laminated veneer lumber market has
been bifurcated into commercial and residential, where the residential sector currently holds the largest
Based on the new construction and replacement sector, the global laminated veneer lumber market can
be categorized into new construction and replacement. Currently, the new construction sector accounts
for the majority of the total market share.
On a regional level, the market has been classified into Asia Pacific, North America, 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 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.
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