Oriented Strand Board (OSB) Market to Reach 43.5 Million Cubic Meters by 2028 | IMARC Group

IMARC Group, a leading market research company, has recently releases a report titled "Oriented Strand Board (OSB) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global oriented strand board (OSB) market report , share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Oriented Strand Board (OSB) Market?

The global oriented strand board (OSB) market size reached 33.6 Million Cubic Meters in 2022. Looking forward, IMARC Group expects the market to reach 43.5 Million Cubic Meters by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

Request a PDF Sample for more detailed market insights: https://www.imarcgroup.com/oriented-strand-board-market/requestsample

Oriented strand board (OSB) is a versatile engineered wood product widely used in the construction industry. It is composed of strands of wood, typically pine, as the primary raw material. It is manufactured from fast-growing, renewable wood species, making it an eco-friendly choice. OSB comes in various thicknesses and sizes, making it suitable for a wide range of applications. It is oriented in specific directions and bonded together using heat, pressure, and adhesive resin, which results in a strong and durable panel with excellent structural integrity. It is known for its cost-effectiveness and environmental sustainability. It is often used as sheathing for roofs, walls, and floors in residential and commercial construction. Additionally, OSB is utilized in furniture production, packaging materials, and even as a substrate for flooring and countertops.

What are the growth prospects and trends in the Oriented Strand Board (OSB) industry?

There is an increase in the demand for housing and infrastructure due to the growing population around the world. OSB is a versatile and cost-effective construction material that experiences greater demand in residential and commercial building projects. Besides this, environmental concerns are driving the adoption of sustainable building materials. OSB, made from fast-growing and renewable wood species, is seen as an eco-friendly alternative to traditional plywood, attracting environmentally conscious consumers and builders.

In addition, the lower production cost of OSB compared to other materials like plywood is making it an attractive choice for budget-conscious consumers and builders. This cost-efficiency is a strengthening the growth of the market. Moreover, the adaptability of OSB for various applications, including sheathing, subflooring, and furniture production, is contributing to the growth of the market.

Apart from this, increasing urbanization, along with the need for modern and affordable housing solutions in urban areas, is catalyzing the demand for OSB in construction projects. Additionally, ongoing advancements in OSB manufacturing processes, such as improved adhesives and treatments for enhanced durability and fire resistance, further bolstering the market growth.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/oriented-strand-board-market

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Grade:
• OSB/1
• OSB/2
• OSB/3
• OSB/4

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

Breakup by End User:
• Residential
• Non-residential

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Some of the Top Key players in the Oriented Strand Board (OSB) Market

Arbec Forest Products Inc., Coillte, EGGER Group, Huber Engineered Woods LLC (J.M. Huber Corporation), Koch Industries Inc., Kronospan, Louisiana-Pacific Corporation, RoyOMartin, SWISS KRONO Group, Tolko Industries Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company.

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.

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.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

This release was published on openPR.