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Market Snapshot

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Market place Overview

The engineered forest market was valued at 229,120 thousand cubic meters in 2020 and is expected to register a CAGR of 5% during the forecast period.

Since governments worldwide implemented lockdowns and halted domestic and strange aircraft systems to control the COVID-19 pandemic, it had a major effect on the forestry sector's supply chain, peculiarly the wood processing and production industries. Since the need for engineered wood is associated with the construction sector, which, in plow, is directly linked to Gross domestic product growth, this has been instrumental in creating challenges for the global engineered wood market. For instance, Europe, like the rest of the world, is facing an extended economical crunch. Too, according to International monetary fund predictions, the European Union contracted by half-dozen.ane% in 2020. The Eu economy was expected to recover and register a growth of more than four.4% in 2021, returning to its 2019 level only in 2022. This has severely impacted the demand, supply, and value chains. This situation was expected to persist throughout the year, negatively affecting the region's engineered forest demand. There is still huge doubt for the near future, which can negatively bear on the engineered wood marketplace over the forecast menses.

· Over the medium term, growing demand from the non-residential sector and increasing use of cross-laminated timber (CLT) as a construction textile are likely to drive the market place. The usage and manufacturing of engineered wood require less energy than conventional edifice materials like concrete and steel. Every bit engineered woods are man-made, they are designed to meet requirements while reducing wastage, fourth dimension, and overall costs.

· On the flipside, stringent environmental concerns related to formaldehyde emissions are likely to hinder the market growth.

· The Asia-Pacific region is likely to dominate the global market and is expected to witness the highest consumption of engineered wood during the forecast menses.

Telescopic of the Report

Engineered wood is a human being-made wood product manufactured by binding strands, fibers, and wood chips with adhesives to make composite wood structures. The growing use of wood composites in commercial and industrial applications is driving the market. It is fabricated up of several layers of woods called ply reformed with heat, mucilage, and force per unit area. Each layer runs in diverse directions, making information technology highly durable and with improve properties than hardwood. The market is segmented based on blazon, application, and geography. By blazon, the market is segmented into plywood, oriented strand board (OSB), glulam, cantankerous-laminated timber (CLT), laminated veneer lumber (LVL), particleboard, and other types. Past application, the market is segmented into non-residential and residential. The report also covers the marketplace size and forecasts for the engineered wood market in 15 countries across major regions. For each segment, the market place sizing and forecasts have been washed based on volume (thou cubic meters).

Awarding
		Non-residential
		Residential

Type
		Plywood
		Oriented Strand Board (OSB)
		Glulam
		Cross-laminated Timber (CLT)
		Laminated Veneer Lumber (LVL)
		Particleboard
		Other Types

Geography
		Asia-Pacific Cathay Republic of india Japan Republic of korea Residuum of Asia-Pacific
		North America United States Canada Mexico
		Europe Germany Britain Italy France Rest of Europe
		Southward America Brazil Argentina Rest of South America
		Centre-East and Africa Kingdom of saudi arabia South Africa Residuum of Middle-East and Africa

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Key Market Trends

Growing Demand from the Residential Sector

· Engineered wood is used for a wide range of applications, including article of furniture, walls, flooring, doors, roofs, cabinets, columns, beams, and staircases, among others.

· The awarding of cross-laminated wood has been increasing rapidly. For low-rise construction, the increased loadbearing capacity of CLT wall panels adds farther benefits over conventional stud-framed walls. Cross-laminated timber is now an established system in the mid-ascent residential sector in Europe and North America. In add-on to that, at that place are now increasing examples of cross-laminated timber being used to construct skyscrapers for buildings over 150 meters tall. The growing awarding of OSB in various residential applications, such as walls, floor, and roofs, is estimated to bulldoze the market.

· All types of engineered woods are significantly used in various applications in the residential sector. With 73% of its population living in urban areas, Europe is expected to be over 80% urban by 2050. European article of furniture companies are very successful and innovative, examples being the High german, Italian, and Nordic article of furniture companies, which act as a benchmark in the field of high-class design.

· In the United states, several residential construction projects are in the pipeline, creating opportunities for increased furniture consumption.

· The population in Canada is speedily increasing due to the presence of migrants and students from across the globe, and the residential construction manufacture is quickly growing. In 2019, the total residential construction in Baronial was valued at USD 6,293,456, an increment over the USD iii,967,198 recorded in April 2019, which depicts the huge increase in investments. Moreover, this cistron is expected to drive the market studied.

· The Indian government announced an investment worth USD 31,650 billion for the structure of 100 cities under its Smart Cities plan. Ane hundred smart cities and 500 cities are probable to invite investments worth INR 2 trillion (~USD 28.18 billion) over the coming five years.

· The growing applications of engineered wood in residential applications and renovation and repairs are estimated to drive the market during the forecast period.

· However, the COVID-19 pandemic has slowed down residential construction activities due to lockdowns and disruptions in the supply chain. The ongoing pandemic has negatively affected the market studied, which is estimated to recover and grow during the later function of the forecast period.

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The Asia-Pacific Region to Boss the Market

· The Asia-Pacific region is expected to dominate the engineered wood market during the forecast period due to an increase in demand for construction activities in the region.

· Co-ordinate to the IMF, in 2020, China's GDP recorded a growth charge per unit of 2.3%, indicating signs of a V-shaped recovery. According to the IMF's forecast, the country was expected to record a Gdp growth of 8.4% in 2021.

· The construction industry grew at a stiff step in 2019, but the growth was dull compared to 2018. The structure sector has supported economic growth in the country whenever major slowdowns accept occurred. The country has the largest structure market place in the earth, encompassing 20% of all construction investments globally. China is expected to spend nigh USD 13 trillion on buildings past 2030. According to Communist china's National Bureau of Statistics, the construction output value in the country increased from CNY ix.6 trillion in 2010 to CNY 24.84 trillion in 2019.

· China witnesses a very potent demand for furniture due to its large population. The huge population base and the rise dispensable incomes of consumers are bolstering the development of the Chinese furniture industry. Customers are willing to spend more than on floor coverings and furniture. Urbanization, increasing existent estate evolution, stiff growth in GDP, and economic stability in the country are other major factors aiding the growth of the furniture sector. This is expected to further bulldoze the demand for engineered woods in China.

· The Indian government initiated a project chosen "Housing for All by 2022," which is expected to drive the country's low-cost residential construction segment throughout the forecast period. Furthermore, nether the Pradhanmantri Awas Yojana scheme, the Indian authorities has decided to provide interest subventions of three% and 4% for loans of up to INR 12 lakhs and INR 9 lakhs, respectively, for the lower strata of the society for buying and building homes.

· The part sector is ane of the crucial markets for engineered wood. In India, the demand for function spaces is gradually rising. Growth and improvement in the business environment have benefitted several sectors in the country, with the commercial office segment being the prime distributor. The growth of commercial real estate has been driven largely by the service sectors, especially the Information technology sector.

· Japan's housing sector is expected to witness a moderate growth charge per unit due to increased investments over the past few years. The rising in household spending has increased the demand for the remodeling of houses. To make Tokyo more competitive with other global cities, many regions within the city are being redeveloped, including Shibuya, Toranomon, and Shinagawa.

· Japan imports over 25% of its manufactured piece of furniture and homeware products. There is potential for the Japanese furniture market place to grow, particularly for competitively-priced items designed for modest spaces, such equally drawers, cabinets, and cupboards. Manufacturers offer a range of styles are likely to find an ideal marketplace base of operations past focusing on the tasteful use of color and offering uncomplicated designs at reasonable prices.

· These factors are expected to bulldoze demand for the market studied in the region over the coming years.

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Competitive Landscape

The global engineered wood market place is partially consolidated, with virtually players accounting for a marginal market share. A few companies include Weyerhaeuser Company, Boise Cascade, Georgia-Pacific, Roseburg Wood Products, and Louisiana-Pacific Corporation.

Table of Contents

1. 1. INTRODUCTION

   1. 1.one Study Assumptions

   2. 1.two Telescopic of the Study

2. two. Research METHODOLOGY

3. 3. EXECUTIVE SUMMARY

4. four. Marketplace DYNAMICS

   1. 4.i Drivers

      1. 4.1.i Growing Demand from the Non-residential Sector

      2. 4.1.two Increasing Use of Cross-laminated Timber (CLT) as Construction Materials

   2. 4.two Restraints

      1. 4.two.1 Stringent Environmental Concerns Related to Formaldehyde Emissions

      2. 4.2.ii Unfavorable Conditions Arising Due to the COVID-19 Outbreak

   3. 4.3 Manufacture Value Chain Analysis

   4. 4.4 Porter's Five Forces Analysis

      1. four.4.1 Bargaining Ability of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. four.4.3 Threat of New Entrants

      4. iv.iv.4 Threat of Substitute Products and Services

      5. four.4.five Degree of Contest

5. 5. MARKET Partition

   1. v.ane Awarding

      1. 5.1.i Non-residential

      2. v.one.2 Residential

   2. v.2 Type

      1. 5.ii.one Plywood

      2. 5.2.ii Oriented Strand Board (OSB)

      3. 5.ii.iii Glulam

      4. 5.2.four Cross-laminated Timber (CLT)

      5. 5.2.5 Laminated Veneer Lumber (LVL)

      6. v.two.6 Particleboard

      7. 5.ii.7 Other Types

   3. five.3 Geography

      1. 5.3.ane Asia-Pacific

         1. 5.iii.i.1 China

         2. 5.3.1.2 India

         3. 5.iii.1.3 Japan

         4. 5.3.1.4 South Korea

         5. five.3.ane.5 Rest of Asia-Pacific

      2. 5.three.2 North America

         1. five.3.ii.1 U.s.a.

         2. five.iii.2.two Canada

         3. five.3.two.3 Mexico

      3. 5.3.iii Europe

         1. 5.3.3.ane Germany

         2. 5.3.3.2 United Kingdom

         3. 5.3.three.three Italy

         4. five.3.iii.4 French republic

         5. 5.3.3.5 Residual of Europe

      4. five.3.4 South America

         1. 5.iii.four.ane Brazil

         2. 5.3.four.ii Argentina

         3. 5.three.4.3 Rest of Southward America

      5. five.3.5 Middle-East and Africa

         1. v.3.5.1 Saudi arabia

         2. 5.3.v.two South Africa

         3. v.3.5.three Balance of Middle-East and Africa

6. six. COMPETITIVE LANDSCAPE

   1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

   2. half-dozen.two Marketplace Share Analysis/Ranking Analysis

   3. vi.3 Strategies Adopted by Leading Players

   4. six.4 Company Profiles

      1. 6.iv.1 Binderholz GmbH

      2. half-dozen.4.two Boise Cascade

      3. 6.four.3 Georgia-Pacific (Georgia-Pacific Wood Products LLC)

      4. 6.four.iv HASSLACHER Holding GmbH

      5. half-dozen.iv.five Havwoods India Pvt. Ltd

      6. six.4.six Huber Engineered Woods LLC

      7. 6.4.seven KLH Massivholz Wiesenau GmbH

      8. six.4.eight Kronoplus Limited

      9. half dozen.4.9 Louisiana-Pacific Corporation

      10. 6.four.10 Mayr-Melnhof Holz Holding AG

      11. 6.iv.11 Nordic Structures

      12. 6.iv.12 Pacific Woodtech Corporation

      13. 6.4.13 Resolute Woods Products

      14. 6.4.14 Roseburg

      15. 6.4.fifteen Stora Enso

      16. 6.4.16 W Fraser

      17. 6.4.17 Weyerhaeuser Company

   *List Not Exhaustive

7. seven. MARKET OPPORTUNITIES AND FUTURE TRENDS

   1. 7.i Growing Residential Construction in India and China

**Field of study to Availability

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Frequently Asked Questions

What is the study period of this market?

The Engineered Wood Marketplace marketplace is studied from 2016 - 2026.

What is the growth charge per unit of Engineered Wood Market?

The Engineered Wood Market is growing at a CAGR of 5% over the next 5 years.

Which region has highest growth charge per unit in Engineered Wood Market?

North America is growing at the highest CAGR over 2021- 2026.

Which region has largest share in Engineered Wood Market?

Asia-Pacific holds highest share in 2021.

Who are the key players in Engineered Wood Marketplace?

Weyerhaeuser Company , Boise Cascade, Georgia-Pacific, Louisiana-Pacific Corporation, Roseburg Forest Products are the major companies operating in Engineered Woods Marketplace.

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