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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
Report Format: PDF+Excel | Report ID: SR112024A5601
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Market Overview:
The global oriented strand board (OSB) market size reached 35.0 Million Cubic Meters in 2023. Looking forward, IMARC Group expects the market to reach 48.9 Million Cubic Meters by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023
|
|
Forecast Years
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2024-2032
|
|
Historical Years
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2018-2023
|
|
Market Size in 2023
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35.0 Million Cubic Meters |
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Market Forecast in 2032
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48.9 Million Cubic Meters |
| Market Growth Rate (2024-2032) | 3.7% |
Oriented strand board (OSB) refers to a type of stiff, structural, strong, and versatile engineered wood-based panel product. It is manufactured using waterproof heat-cured adhesives and rectangularly shaped wood strands that are arranged in cross-oriented layers. It is widely used for floor underlayment, wall sheathing, roof cover, staircase, trailer liners, subflooring and recreational vehicles. OSB is manufactured in various grades with improved moisture resistance, versatility, toughness, cost-effectiveness, and good dimensional stability. It also resists shape distortion, racking, deflection and delamination due to which it is widely used in flooring, construction, furniture and packaging applications.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Oriented Strand Board (OSB) Market Trends:
Significant growth in the construction industry across the globe is creating a positive outlook for the market. OSB is widely used in residential and non-residential buildings in a wide range of applications, such as solid walls, squeak-free floors and roof sheathing. In line with this, the widespread product utilization in the construction of doors, floors and roofs, columns, staircases and beams is favoring the market growth. Moreover, various technological advancements, such as the introduction of lightweight, customized and waterproof OSB that assists in water absorption and prevents moisture build-up, are providing an impetus to the market growth. Additionally, the increasing number of green building constructions and the rising demand for eco-friendly and sustainable building resources, such as OSB, is positively impacting the market growth. An overall increase in the environmental consciousness, coupled with an enhanced focus toward sustainable development is acting as another major growth-inducing factor. Other than this, the extensive utilization of the board for packaging various items, such as food and beverages, pharmaceuticals, and cosmetics, due to its humidity resistance, durability and long-lasting properties, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oriented strand board (OSB) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on grade, application and end user.
Breakup by Grade:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- OSB/1
- OSB/2
- OSB/3
- OSB/4
Breakup by Application:
- Construction
- Furniture
- Flooring
- Packaging
- Others
Breakup by End User:
- Residential
- Non-residential
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles 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 Coverage:
| 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) |
The global oriented strand board (OSB) market reached a volume of 35.0 Million Cubic Meters in 2023.
We expect the global oriented strand board (OSB) market to exhibit a CAGR of 3.7% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units for Oriented Strand Board (OSB).
The rising number of green buildings, along with the increasing demand for eco-friendly and sustainable building resources, such as OSB for constructing doors, floors, roofs, etc., is primarily driving the global oriented strand board (OSB) market.
Based on the grade, the global oriented strand board (OSB) market has been segmented into OSB/1, OSB/2, OSB/3, and OSB/4. Among these, OSB/3 currently holds the majority of the total market share.
Based on the application, the global oriented strand board (OSB) market can be divided into construction, furniture, flooring, packaging, and others. Currently, the construction industry exhibits a clear dominance in the market.
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 oriented strand board (OSB) market include 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.
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