Press release
Engineered Wood Market Demand, Growth Analysis, 2020–2027 | by Type, Application
The engineered wood market is mainly driven by increase in substitution of engineered wood for building materials. As engineered wood is cost effective and eco-friendly alternative to other wood and cement products. Moreover, use of engineered wood over emission-intensive materials, such as concrete, steel, or aluminum is expected to minimize greenhouse gas emissions.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.
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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
Key Players
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.
Key Market Segments
By Type
I-Beams
Plywood
Laminated Veneer Lumber (LVL)
Glulam (Glued Laminated Timber)
Oriented Strand Boards (OSB)
Cross-Laminated Timber (CLT)
Others
By Application
Construction
Furniture
Flooring
Packaging
Others
By End-User
Residential
Commercial & Industrial
By Region
North America
Europe
Asia-Pacific
LAMEA
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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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Contact:
David Correa
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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