Engineered Wood Market Share, Size, Trends and Forecast to 2028: Boise Cascade Company, Havwoods Ltd, Huber Engineered Woods LLC

The latest research study "Engineered Wood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global engineered wood market size reached 273.5 Million Cubic Metres in 2022. Looking forward, IMARC Group expects the market to reach 392.3 Million Cubic Metres by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

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Industry Definition and Application:

Engineered wood or composite wood is manufactured by binding veneers, fibers, particle strands, or wood boards with adhesives. Some commonly used engineered wood types include plywood, laminated veneer lumber (LVL), laminated strand lumber (LSL), medium-density fiberboard (MDF), structural wood I-beams, oriented strand boards (OSB), cross-laminated timber (CLT), glulam (Glued laminated timber), and particle board. They are commonly used in tables, benches, doors, walls, modular kitchens, wardrobes, boats, flooring, and bookshelves. They are durable, waterproof, low-maintenance, and heat and moisture-resistant. As a result, engineered wood is gaining immense traction in residential, commercial, and industrial sectors across the globe.

Market Trends:

The market is primarily driven by the rising demand for engineered wood for construction activities across the globe. In addition, the widespread adoption of cross-laminated timber (CLT) as a building material is contributing to market growth. Moreover, the increasing utilization of engineered wood as a substitute for emission-intensive materials such as steel, concrete, and aluminum to reduce greenhouse gas (GHG) emissions represents another major growth-inducing factor. Besides this, the use of oriented strand boards (OSB) in residential construction for roofs, floors, and walls, along with the growing trend of remodeling homes, is providing a positive thrust to market growth.

Along with this, the increasing popularity of aesthetically appealing furniture with attractive arches, curves, trim, and embossing, along with the investment by various governments in housing projects, is accelerating the product adoption rate. Furthermore, extensive research and development (R&D) activities conducted by leading market players, increasing expenditure capacities, and rapid industrialization are creating a favorable market outlook.

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Engineered Wood Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global engineered wood market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Boise Cascade Company
• Havwoods Ltd
• Huber Engineered Woods LLC (J.M. Huber Corporation)
• Louisiana-Pacific Corporation
• Mayr-Melnhof Holz Holding AG
• Nordic Structures
• Pacific Woodtech Corporation (Daiken Corporation)
• Roseburg Forest Products Co. (Wilsonart)
• Stora Enso Oyj
• Ufp Industries Inc.
• West Fraser Timber Co. Ltd
• Weyerhaeuser Company.

Key Market Segmentation:

The report has segmented the global engineered wood market based on type, application, end user and region.

Breakup by Type:
• I-Beams
• Plywood
• Laminated Veneer Lumber (LVL)
• Glulam (Glued Laminated Timber)
• Oriented Strand Boards (OSB)
• Cross-Laminated Timber (CLT)
• Others

Breakup by Application:
• Construction
• Furniture
• Flooring
• Packaging
• Others

Breakup by End User:
• Residential
• Commercial and Industrial

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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