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Engineered Wood Market 2020 Growth Overview by Top Key Players Celulosa Arauco Y Constitucin, Weyerhaeuser Company, Boise Cascade Company, Roseburg Forest Product Company

03-18-2020 03:59 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

Engineered Wood Market 2020 Growth Overview by Top Key Players

Cost-effectiveness and high-sustainability are the factors that fuel the growth of the global engineered wood market. At the same time, the growing prospect of furniture and housing sector is expected to create a number of opportunities for the frontrunners in the industry.

According to the report published by Allied Market Research, the global engineered wood market was estimated at $10.93 billion in 2016 and is expected to hit $41.27 billion by 2022, registering a CAGR of 24.8% from 2016 to 2022. The report provides an in-depth analysis of top investment pockets, top-winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.

The market is expected to move at a higher pace in Europe and North America, owing to high disposable income and widespread awareness of the benefits of engineered wood among the populace. The engineered wood industry in Europe would be driven by the rise in demand for engineered timber, substantial use of resources, and increased import of raw wood from Asia-Pacific and LAMEA.

Download Sample Report:https://www.alliedmarketresearch.com/request-sample/1777

Key Findings of Engineered Wood Market:
o Increasing disposable income among middle and upper economic segments and increase in technical knowledge of machinery required in engineered wood product formation are the main reasons for their growth.
o CLT segment possesses high market potential owing to its usage in building of mega structures and growth in nonresidential market segment.

Engineered wood market is segmented based on the type of product, wherein plywood and glulam collectively account for nearly 54% of the global market, and new entrant CLT is expected to grow with the highest CAGR of nearly 30% during the forecast period.

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The non-residential construction segment to dominate during the estimated period-

Based on application, the non-residential construction segment accounted for nearly three-fifths of the total market share in 2016 and is anticipated to maintain its dominance till 2022. Simultaneously, the residential construction segment is projected to garner the fastest CAGR of 25.0% through 2016- 2022.

Leading market players-

The key market players analyzed in the global engineered wood market report include Weyerhaeuser Company, Boise Cascade Company, Roseburg Forest Product Company, Shenzhen Risewell Industry Co., Ltd, Louisiana Pacific Corporation, Patrick Industries, Inc., Huber Engineered Wood LLC, Celulosa Arauco Y Constitution S.A., Lowes Companies, Inc., LLC, Universal Forests Products, Inc., 84 Lumber Company, and Georgia Pacific Wood Products. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their hold in the industry.

Access Full Report:https://www.alliedmarketresearch.com/engineered-wood-market

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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