openPR Logo
Press release

Building a Strong Future: Exploring the Growth and Trends of the Global Oriented Strand Board Market

02-23-2023 12:44 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Building a Strong Future: Exploring the Growth and Trends of

The Oriented Strand Board (OSB) market is a rapidly growing industry that is driven by a range of factors, including the increasing demand for affordable housing, the rising need for environmentally-friendly building materials, and the growth of the construction industry. In this blog, we will explore the key drivers of the OSB market and the various factors that are expected to shape its growth in the coming years.

oriented strand board market size was valued at $25.6 billion in 2020, and is projected to reach $44.3 billion by 2030, growing at a CAGR of 5.4% from 2021 to 2030.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/request-sample/16386

One of the primary drivers of the OSB market is the increasing demand for affordable housing. With the world's population continuing to grow and urbanization increasing, the demand for housing is also on the rise. However, the traditional building materials such as solid wood or brick are becoming more expensive, leading to an increased demand for alternative building materials like OSB. OSB is a cost-effective alternative to traditional building materials that offers many of the same benefits.

Another key driver of the OSB market is the rising need for environmentally-friendly building materials. As people become more environmentally-conscious, there is a growing demand for building materials that are sustainable, renewable, and eco-friendly. OSB is made from sustainable and renewable resources, such as fast-growing trees, and can be recycled at the end of its life cycle. Additionally, OSB is often used as a substitute for plywood, which requires the use of more energy and resources to produce.

The growth of the construction industry is also driving the growth of the OSB market. The construction industry is a major consumer of OSB, using it for various applications such as flooring, wall sheathing, and roofing. As the construction industry grows, the demand for OSB is also expected to increase. The growth of the construction industry can be attributed to factors such as population growth, urbanization, and infrastructure development.

Another key factor driving the OSB market is technological advancements. New technologies are transforming the manufacturing process of OSB, making it more efficient, durable, and cost-effective. For example, some manufacturers are now using automated machinery to produce OSB, which reduces labor costs and increases productivity. Additionally, new adhesives and resins are being developed that improve the strength and durability of OSB.

๐๐ฎ๐ฒ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/checkout-final/8d829e9e942425ee5409dad1dc0417f8

The OSB market is segmented by type, application, and region. The most common types of OSB include OSB-1, OSB-2, OSB-3, and OSB-4. The application of OSB includes residential and commercial buildings, as well as industrial buildings such as warehouses and factories.

In terms of region, the OSB market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is the largest market for OSB, accounting for the majority of the market share. This can be attributed to the growing demand for affordable housing and the presence of large OSB manufacturers in the region. Europe is the second-largest market for OSB, driven by the increasing demand for environmentally-friendly building materials in the region.

Further, increase in construction of green buildings is the major factor that boosts the growth of the oriented strand board market in the U.S. and Canada. Over 60% of the new building construction is expected to be of green buildings by 2025 in the U.S. and Canada. Moreover, the construction market in Mexico is rapidly adopting the green building trend as well. Owing to this, oriented strand board products has witnessed a growth of over 25% in the last five years.

One of the key trends in the OSB market is the growing demand for moisture-resistant OSB. Moisture-resistant OSB is treated with special resins that make it resistant to moisture and mold. This type of OSB is commonly used in areas with high humidity, such as bathrooms and kitchens, and in construction projects where moisture is a concern.

Another trend in the OSB market is the increasing use of OSB in furniture and decorative applications. OSB is now being used as a decorative element in modern homes, giving a unique and rustic appearance. Additionally, OSB is being used to create modern and stylish furniture, which is gaining popularity among consumers who are looking for eco-friendly and affordable options.

In conclusion, the Oriented Strand Board market is a rapidly growing industry that is being driven by a range of factors, including the increasing demand for affordable housing, the rising need for environmentally

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ฒ : https://www.alliedmarketresearch.com/purchase-enquiry/16386

Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):+1-800-792-5305,
UK: +44-845-530-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

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 domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Building a Strong Future: Exploring the Growth and Trends of the Global Oriented Strand Board Market here

News-ID: 2945806 • Views: โ€ฆ

More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529 What Are Urinary Drainage Bags? Urinary drainage bags are specialized medical devices designed to collectโ€ฆ
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growthโ€ฆ
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil โ€ฆ
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario. Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strictโ€ฆ
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of 5.6%
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of โ€ฆ
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise inโ€ฆ

All 5 Releases


More Releases for OSB

Global Demand For OSB Sheathing Market Analysis, Size, Regional Outlook, Share, โ€ฆ
The global OSB Sheathing Market size reached 10020 USD Million in 2022. Looking forward, MarketsGlob expects the market to reach 14060 USD Million by 2029, exhibiting a growth rate (CAGR) of 4.9% during 2023-2029. The global OSB Sheathing market research report is an in-depth and a professional study on the current scenario of the global industry. Our new research report has divided the global OSB Sheathing market by product type, application,โ€ฆ
OSB Sheathing Market Size, Share, Development by 2024
Market Research Report Store offers a latest published report on OSB Sheathing Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the OSB Sheathing market will register a 4.8% CAGR in terms of revenue, the global market size will reach US$ 10990 million by 2024, from US$ 9126.6 million in 2019. Inโ€ฆ
Fire Retardant OSB Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Fire Retardant OSB Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Fire Retardant OSB players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Fire Retardant OSB with respectโ€ฆ
Fire Retardant OSB (Oriented Strand Board) Market Size, Share, Development by 20 โ€ฆ
Market Research Report Store offers a latest published report on Fire Retardant OSB (Oriented Strand Board) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Fire Retardant OSB (Oriented Strand Board) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyzeโ€ฆ
OSB Sheathing Market 2019 Analysis, Trends and Forecast 2024
OSB Sheathing Market research report presents a comprehensive study of the OSB Sheathing Market in Global Industry; the study scans the progression of the market trailed over the past few years and the forecasts of growth in the coming years, primarily in terms of sales. The research report highlights the reasons liable for the disparities in the market and investigates them methodically. The OSB Sheathing Market effect factors have alsoโ€ฆ
OSB Sheathing Market Size, Share, Development by 2024
Global Info Research offers a latest published report on OSB Sheathing Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-osb-sheathing-market_p132768.html ย  Oriented strand board is a new kind ofโ€ฆ