North America Secondary Wood Products Market Size Worth US$ 244.3 Billion By 2028 | CAGR of 1.9%

According to IMARC Group latest report titled "North America Secondary Wood Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on North America secondary wood products market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America secondary wood products market size reached US$ 216.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 244.3 Billion by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028.

What are secondary wood products?

Secondary wood products are manufactured goods created from processed wood by utilizing wood scraps and by-products, which undergo additional processing beyond the primary treatment of raw lumber or timber. They are manufactured by selecting appropriate wood fibers, particles, or veneers, processing and refining them into small particles or fibers, bonding them with adhesives or binders, and subjecting the composite material to curing and solidification. By combining wood fibers or particles with adhesives or binders to create composite materials in secondary wood products enables enhanced versatility and customization in terms of shape, size, and strength.

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What are the growth prospects and trends in the North America secondary wood products industry?

The market in North America is primarily driven by the considerable growth in residential and commercial construction activities across the region. This can be attributed to the rapid utilization of wood-based products such as flooring, doors, and cabinets in numerous construction projects. In line with this, the increasing popularity of DIY (do-it-yourself) projects are providing an impetus to the market. Moreover, the rising consumer preference for sustainable and environmentally friendly products is resulting in a higher product uptake. Furthermore, the introduction of innovative product customization options via computer numerical control (CNC) machining and computer-aided design (CAD) is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization, easy product availability across online and offline retail channels, and favorable government policies promoting sustainable forestry practices.

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Competitive Landscape:

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

• Ashley Furniture Industries
• Steelcase
• HNI Corporation
• Herman Miller
• Weyerhaeuser Company

North America Secondary Wood Products Market Segmentation:

Our report has categorized the market based on country and type.

Breakup by Country:
• United States
• Canada

Breakup by Type:
• Wood Furniture
o Office Furniture
o Household & Institution
o Wooden Kitchen, Cabinets and Countertops
o Others
• Engineered Wood Products
o Plywood
o OSB
o Particle Board
o Others
• Secondary Paper Products
o Paper Products
o Paperboard Containers
• Others

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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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.

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