Engineered Wood Market Worth $400,450.9 Million by 2027 | by Type, Application

Growth of the engineered wood market is majorly driven by urbanization in developing countries and sustainable products. On the basis of type, the others segment dominated the engineered wood market growth in 2019. Moreover, on the basis of application, the furniture segment dominated the market. In addition, on the basis of application, the residential segment dominated the market and is expected to continue this trend during the forecast period.

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According to a recent report published by Allied Market Research, titled, “Engineered Wood Market by Product, Industry, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the engineered wood market size accounted for $284,761.1 million in 2019, and is expected to reach $400,450.9 million by 2027, registering a CAGR of 6.2% from 2020 to 2027.

Engineered Wood Market by Type (I-Beams, Plywood, Laminated Veneer Lumber (LVL), Glulam (Glued Laminated Timber), and Oriented Strand Boards (OSB), Cross-Laminated Timber (CLT), and Others), Application (Construction, Furniture, Flooring, Packaging, and Others) and End User (Residential and Commercial & Industrial)

Competition analysis

The major players profiled in the engineered wood market include Boise Cascade Company, Celulosa Arauco Y Constitucion SA, Huber Engineered Woods LLC, Louisiana-Pacific Corporation (LP), Norbord Inc., Patrick Industries, Inc., Raute Group, Shenzhen Risewell Industry Co., Ltd, Universal Forest Products, Inc. and Weyerhaeuser Company.

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Key Benefits For Stakeholders

The report provides an extensive analysis of the current and emerging engineered wood market trends and dynamics.

In-depth engineered wood market analysis is conducted by estimations for the key segments between 2020 and 2027.

Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.

A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.

The market forecast analysis from 2020 to 2027 is included in the report.

The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

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