Consumption of Modified Wood is projected to increase at 9.5% CAGR and be valued at around US$ 1.95 Bn by 2031-end

Modified Wood Market

New Study Report on "Modified Wood Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2031" has been Added on PMR.

The global modified wood market is valued at around US$ 789.3 Mn, and is projected to register a CAGR of 9.5% and reach a revenue of US$ 1.95 Bn by 2031.

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This report provides in depth study of Modified Wood Market using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. Modified Wood Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Drivers and Constraints                               

The fundamental dynamics that are explored in the report hold substantial influence over Modified Wood Market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.

Over the next ten years, the market for modified wood is expected to develop rapidly, at a pace of about 9.5%. Market expansion is anticipated to be fueled by increasing urbanisation, a growing building industry, and rising individual living standards. Modified wood is becoming more popular as a construction material for homes. Modified wood is used for a range of interior functions, including decking, cladding, outdoor fencing, and interior decoration. In Latin America, the Middle East, and Africa, modified wood imports are rising as a result of its high aesthetic appeal and eco-friendly features.

Key Companies-

• Oy Lunawood Ltd
• Accsys Technologies
• Kebony
• Thermory AS
• Stora Enso
• Oy SWM-Wood Ltd
• Novawood
• Karava Oy
• Houthandel Lambert van den Bosch
• ARBOR WOOD
• Coillte Panel Products and more

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Key Segments Covered in Modified Wood Industry Research

by Process
• Thermal Treatment
• Acetylation
• Other Treatments

by Application
• Modified Wood for Decks
• Modified Wood for Siding
• Modified Wood for Cladding
• Modified Wood for Windows & Doors

by End Use
• Modified Wood for Residential Use
• Modified Wood for Commercial Use
• Modified Wood for Industrial Use

by Region
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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Key Takeaways from Market Study

• Global demand for modified wood is forecasted to top a value of US$ 1.9 Bn by the end of 2031.
• Europe is a key market accounting for around 72% of global market share.
• The global modified wood market is being driven by rising demand for wooden decks in various residential and commercial projects due to their good appearance and easy maintenance, as well as their environment friendly nature.
• The decking segment is anticipated to witness a CAGR of 9.9% over the decade.
• By end use, the residential segment is anticipated to remain a key sector and account for more than 50% market share by value.

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