Oriented Strand Board (OSB) in Residential Construction Market 2021 Size-Share with Top Companies, Regional Growth Rate, Trends Future Opportunities and Global Industry Analysis Forecast to 2027 | Norbord, Louisiana-Pacific, Georgia-Pacific, Kronospan, We

During the projected period of 2021-2027, the "Oriented Strand Board (OSB) in Residential Construction Market" research describes in-depth the demand and consumption of numerous products/services connected to market growth dynamics. In terms of quantity, a complete market assessment of the numerous opportunities in the market segment is made. The Oriented Strand Board (OSB) in Residential Construction market is covered several areas, including constraints, problems, and opportunities, as well as geographical considerations. Customers will benefit from this study because it provides historical and statistically significant data, making it both helpful and instructional.

In accordance with the Oriented Strand Board (OSB) in Residential Construction market is set to grow at a CAGR of 13.9% over the forecast period (2021-2027).

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Market Overview:

The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, the construction works were put on hold during the government-imposed lockdown, which led to a decrease in the consumption of oriented strand boards (OSB). However, construction related to the healthcare sector has been increased significantly due to the pandemic situation, and considering the post-COVID scenario, the overall construction industry is picking up the pace, which, in turn, stimulates the demand in the OSB market in the coming years.

Over the short term, desirable properties of OSB and the growing prominence of OSB as a substitute to plywood are expected to drive the growth of the market studied.
On the flipside, emissions of volatile organic compounds (VOCs), such as formaldehyde, are expected to hinder the growth of the market studied.
The construction segment dominated the market with a share of more than 40%, and it is expected to grow at the fastest rate during the forecast period, owing to the increasing applications, such as floor and roof, walls, etc.

Top Key players operating in the global Oriented Strand Board (OSB) in Residential Construction market are:

Norbord, Louisiana-Pacific, Georgia-Pacific, Kronospan, Weyerhaeuser NR Company, Tolko, Swiss Krono Group, Egger, Medite Smartply, DOK Kalevala, Dieffenbacher, Langboard, Luli Group, Baoyuan Wood, Martco

Major Oriented Strand Board (OSB) in Residential Construction Market Types covered are:

Walls
Flooring
Roof Decking

Major Oriented Strand Board (OSB) in Residential Construction Market Applications covered are:

OSB Type 1
OSB Type 2
OSB Type 3
OSB Type 4

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The United States to Dominate the Global Market

With expenditures reaching around USD 1.4 trillion, the United States is one of the largest construction markets worldwide. Construction in the commercial and housing markets seemed to be strong again in most parts of the country.
While apartment construction remained elevated in the recent past, total spending is no longer climbing quickly. Single-family home construction slumped due to higher mortgage rates.
In 2019, the annual value of total new residential construction put in place in the country was about USD 550 billion. Commercial construction, by contrast, was red hot in several segments, including hotels, warehouses, and data centres.
According to the Engineered Wood Association (APA), new home construction is the primary end-user for the OSB industry in North America (especially the United States), accounting for more than 50% of the OSB consumption. Hence, the OSB demand from the furniture and construction sector may be impacted by the aforementioned factors.
Such factors, in turn, are boosting the demand in the OSB market in the country.

Regional Analysis of Global Oriented Strand Board (OSB) in Residential Construction market:

The Oriented Strand Board (OSB) in Residential Construction Market research gives an in-depth analysis of market growth and other factors in key nations (regions), including:

North America (the United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

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Table of Contents: Oriented Strand Board (OSB) in Residential Construction Market

- Chapter 1: outline of Oriented Strand Board (OSB) in Residential Construction marketplace

- Chapter 2: worldwide market reputation and forecast through areas

- Chapter 3: worldwide marketplace popularity and forecast by using types

- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise

- Chapter 5: marketplace riding issue evaluation

- Chapter 6: market opposition reputation by major producers

- Chapter 7: essential producers Presentation and market data

- Chapter 8: Upstream and Downstream marketplace investigation

- Chapter 9: Fetched and net part investigation

- Chapter 10: advertising reputation research

- Chapter 11: marketplace file end

- Chapter 12: research technique and Reference

Impact of COVID-19 on the Oriented Strand Board (OSB) in Residential Construction Market:

The upward push of COVID-19 has moderated showcase improvement; anyhow, the market is constantly selecting up-tempo due to growing lockdowns. The sudden increment in CAGR is thanks to the request and extension of this marketplace, which is functionality to return to pre-pandemic ranges once the large, is gone.

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