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Global Thermally Modified Wood Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Lunawood,Thermory,Karava,Inc.
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Thermally Modified Wood is referring to a wood which is modified by a controlled pyrolysis process. In this process, the wood is heated up to 180°Celcius, in the absence of oxygen. This process helps the chemical to change its cell structure of cell wall components in the wood in order to increase its durability. During this process, the low oxygen content prevents the wood from burning even at the high temperature. There are five thermal modification processes: Thermowood, Retification Process, Les Bois Perdure, Plato Process, and Oil Heat Treatment.
Currently, there are many players in the market Thermally Modified Wood, Arbor Wood, Lunawood, SWM-Wood and some others are playing important roles in Thermally Modified Wood industry. The top three players are Stora Enso, Lunawood, Hardwoods. The market is not so concentrated for now and is seeing to be more dispersed.
In the past few years, the price of Thermally Modified Wood shown a slightly increasing trend and we expect the price may keep the trend in a short period. However, as the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Thermally Modified Wood. Therefore, to some extent, the companies are facing a risk of profit decline. In order to keep profit, the price may keep the trend in a short period.
According to this study, over the next five years the Thermally Modified Wood market will register a 3.2% CAGR in terms of revenue, the global market size will reach US$ 366.3 million by 2024, from US$ 312.3 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Thermally Modified Wood business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Arbor Wood
Lunawood
SWM-Wood
Stora Enso
Thermory
Cambia by NFP
Timura Holzmanufaktur
Novawood
Karava
Thermoarena
Bingaman & Son Lumber
Hardwoods
Market Segment by Type, covers
Thermo-S
Thermo-D
Other
Market Segment by Applications, can be divided into
Residential
Commercial
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Related Information:
North America Thermally Modified Wood Market Growth 2019-2024
United States Thermally Modified Wood Market Growth 2019-2024
Asia-Pacific Thermally Modified Wood Market Growth 2019-2024
Europe Thermally Modified Wood Market Growth 2019-2024
EMEA Thermally Modified Wood Market Growth 2019-2024
Global Thermally Modified Wood Market Growth 2019-2024
China Thermally Modified Wood Market Growth 2019-2024
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