Oriented Strand Board (OSB) Market Size Worth USD 46.40 Billion in 2032 | Emergen Research

The global Oriented Strand Board (OSB) market size was USD 27.69 billion in 2022 and is expected to register a revenue CAGR of 5.3% during the forecast period. The oriented strand board (OSB) market is experiencing significant growth, driven by the increasing preference for eco-friendly and sustainable construction materials in developed countries like the U.S., France, and Germany. A recent market research report highlights key factors contributing to the growth of the OSB market and provides insights into its future trajectory.

Green Building Trends Fueling Consumption

The surge in green building construction is a primary driver of the oriented strand board market. With over 60% of new constructions expected to be green buildings by 2025 in North America, including the U.S. and Canada, the demand for environmentally friendly construction materials is on the rise. OSB products, known for their low emission rates and versatility as alternatives to traditional steel and concrete materials, have witnessed a growth of over 25% in the last five years.

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Versatility and Sustainability

Oriented strand board offers a versatile and sustainable solution for construction projects. Its advanced manufacturing technology results in strong, durable, and lightweight boards that enhance the aesthetics of buildings while being cost-effective. Builders and architects are increasingly opting for OSB as it aligns with the principles of sustainable construction and green building certifications like LEED.

Industry Players' Strategic Initiatives

Major players in the OSB market are actively enhancing their product portfolios through strategies like product launches and acquisitions. For example, Louisiana Pacific Corporation introduced LP WeatherLogic Air & Water Barrier, a structural-rated wall and roof sheathing, in October 2020. Such initiatives are expected to create lucrative opportunities for market growth.

Market Restraints and Segment Insights

While the oriented strand board market is poised for growth, challenges such as moisture tolerance remain a concern. Regular OSB products are prone to moisture absorption, impacting their performance and longevity. However, advancements in manufacturing processes are expected to address these challenges in the coming years.

Segment Analysis

• Product Segmentation: The global OSB market is segmented into structural and non-structural OSB. The non-structural segment is expected to witness rapid growth, driven by its increasing use in furniture and packaging applications.

• Application Segmentation: Within applications, construction dominates the market, driven by the widespread use of OSB in various construction elements such as flooring, subflooring, and panel sheathing. The packaging segment is also experiencing rapid growth, fueled by the product's strength, rigidity, and moisture resistance, making it ideal for packaging applications.

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Oriented Strand Board Top Companies and Competitive Landscape

The global oriented strand board market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products.

Some of the major companies included in the global oriented strand board market report are:

• Norbord Inc
• Weyerhaeuser Company
• Georgia-Pacific LLC
• Egger Group
• Swan Timber Group
• Arauco
• Kronospan Holdings Limited
• Louisiana-Pacific Corporation
• Martco LLC
• Interfor Corporation
• DOK Kalevala
• Dieffenbacher
• Langboard
• Luli
• Medite Smartply

Oriented Strand Board (OSB) Latest Industry News

• On January 22, 2021, Norbord Inc. announced the acquisition of all shares of Oriented Strand Board (OSB) manufacturer LP Building Solutions for USD 3 billion. The acquisition will increase Norbord's production capacity and expand its presence in the North American OSB market.

• On December 08, 2021, Egger Group announced the expansion of its Oriented Strand Board (OSB) production facilities in Germany, investing around USD 64.7 million to increase its annual capacity to 650,000 cubic meters.

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Oriented Strand Board (OSB) Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global oriented strand board market on the basis of product, grade, application, end-use, and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Structural Oriented Strand Board
o Non-Structural Oriented Strand Board
• Grade Outlook (Revenue, USD Billion; 2019-2032)
o OSB/1
o OSB/2
o OSB/3
o OSB/4
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Construction
o Packaging
o Furniture
o Others
• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Residential
o Non-Residential
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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