Global Wood Bio-Products Market Key Players, Size, Share, Demands, Trends, Growth Rate and Forecasts to 2028

The global wood bio-products market size is projected to reach USD 435.9 billion by 2028 from USD 260.0 billion in 2022, at a CAGR of 9.0% during the forecast period. The ever-increasing demand for wood bio-products in emerging markets owing to increasing awareness about the environmental benefits of using manufactured wood materials and a growing preference for engineered wood products over traditional solid wood. Additionally, the demand for wood bio-products in emerging countries such as Asia Pacific, South America, and Middle East & Africa, is increasing due to the rising industrialization that increases the demand for wood bio-products in the construction industry. This will drive the wood bio-products market during the forecast period.

Get a 25% Discount on the Direct Purchase of the Global Wood Bio-Products Market Research Report at https://www.reportsnreports.com/purchase.aspx?name=7128316

The key players in the wood bio-products market are UPM-Kymmene Corporation (Finland), Stora Enso (Finland), Lixil Group (Japan), West Fraser (Canada), Weyerhaeuser (US), UFP Industries Inc. (US), Canfor (Canada), Sappi (South Africa), Metsä Group (Finland), and JELD-WEN (US) among others. The wood bio-products market report analyzes the key growth strategies, such as new product launches, investments & expansions, agreements, partnerships, and mergers & acquisitions to strengthen their market positions.

The wood bio-products market refers to the market for products derived from wood or its components, which are utilized in various industries as alternatives to traditional materials or as renewable resources. Wood bio-products offer sustainable and eco-friendly alternatives to fossil fuel-based materials and help in reducing carbon emissions.

Some key segments and products in the wood bio-products market include:

Bioenergy: Wood biomass is used as a feedstock for the production of bioenergy, such as heat, electricity, and biofuels. Wood pellets, wood chips, and biomass-based power generation are examples of bioenergy applications.

Bio-based Chemicals: Wood-derived chemicals serve as renewable alternatives to petroleum-based chemicals in various applications. Examples include wood-based ethanol, lignin-based chemicals, and wood-based adhesives.

Bio-based Materials: Wood is used as a raw material for producing a range of bio-based materials, including engineered wood products like plywood, laminated veneer lumber (LVL), and oriented strand board (OSB). Other examples include wood-plastic composites, cellulose nanomaterials, and bio-based resins for coatings and adhesives.

Pulp and Paper: Wood fibers are used in the production of pulp and paper products. These include various grades of paper, packaging materials, tissue products, and specialty papers.

The wood bio-products market is driven by factors such as increasing environmental concerns, the need for sustainable materials, government initiatives promoting the use of renewable resources, and the growing demand for biofuels and bio-based chemicals. Additionally, advancements in technology and manufacturing processes are expanding the range of wood-derived products and enhancing their performance characteristics.

Download a FREE Sample Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=7128316

MarketsandMarkets MI Cloud / Knowledge Store Subscription at https://www.reportsnreports.com/knowledge-store-subscription

+ 1 347 333 3771
sales@reportsandreports.com

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

This release was published on openPR.