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The North America laminated veneer lumber market reached a volume of around 3 Million Cubic Meters in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.1% 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), also known as engineered lumber, stands for a layered composite of thin wooden panels fabricated together by adhesives. Cross-banded laminated veneer lumber and laminated strand lumber are the two distinctive types of LVL. Laminated veneer lumber is cost-effective, sustainable, strong, lightweight, uniform and has high structural reliability as compared to milled lumber. Owing to this, it is utilized for various structural purposes in wooden houses, industrial warehouses, public buildings and large prefabricated buildings.
North America represents one of the largest markets for laminated veneer lumber pertaining to the escalating demand from new residential housing projects in the region. Apart from this, increasing renovation activities together with the blooming furniture manufacturing sector have fueled the demand of LVL. Rising environmental concerns and government legislation towards the illegal trade of timber will continue to spur the market in the forthcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America laminated veneer lumber market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on application and sector.
|Base Year of the Analysis||2020|
|Units||Million Cubic Meters|
|Segment Coverage||Application, Sector, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
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