The Ultimate Guide to Oriented Strand Board Market growing at a CAGR of 5.4% from 2021 to 2030

Unveiling Growth Drivers, Segmentation, and Market Dynamics of the Global Oriented Strand Board Market: 2021-2030 Overview

Market Dynamics:

Allied Market Research released a comprehensive report titled "Global Oriented Strand Board Market by Grade (OSB/1, OSB/2, OSB/3, OSB/4), by Application (Construction, Furniture, Flooring, Packaging, Others), by End User (Residential, Non-residential): Global Opportunity Analysis and Industry Forecast, 2020-2030." The report indicates that the global oriented strand board market achieved a valuation of $25.6 billion in 2020, with projections to reach $44.3 billion by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 5.4% from 2021 to 2030.

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Onkar Sumant, Manager of Construction and Manufacturing at Allied Market Research, emphasized, "The oriented strand board market's growth is primarily propelled by urbanization in developing nations and the increasing demand for sustainable products." He further noted that the "others" segment dominated the engineered wood market growth in 2019 by type, while the furniture segment led in terms of application. Additionally, the construction segment was a dominant force and is anticipated to maintain this trend throughout the forecast period.

Prime Determinants of Growth:

The report delves into factors influencing market growth, aiding stakeholders in crafting product portfolios and strategies to maintain competitive advantages. The surge in demand for eco-friendly and sustainable products in developed countries, coupled with the rise in green building constructions, propels the growth of the global oriented strand board market. However, fluctuations in raw material prices pose a challenge to market expansion. Nonetheless, the increasing urbanization in key cities across Asia-Pacific and the LAMEA region promises lucrative opportunities in the coming years.

The report encompasses drivers, restraints, and opportunities, alongside Porter's Five Forces Analysis, value chain analysis, and industry pain-point analysis. Porter's Five Forces Analysis facilitates corporate strategy formulation by comprehending the competitive forces shaping the market, as well as its strengths and weaknesses.

Segmental Analysis:

Furthermore, the report conducts a thorough analysis of segments and subsegments within the global oriented strand board market, highlighting the primary revenue contributors and fastest-growing segments in each category during the forecast period. The market is predominantly segmented based on grade, application, end user, and region.

By Grade:

OSB/1
OSB/2
OSB/3
OSB/4
By Application:

Construction
Furniture
Flooring
Packaging
Others
By End User:

Residential
Non-residential
By Region:

North America (U.S., Canada, Mexico)
Europe (Germany, Italy, France, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Rest Of Asia Pacific)
LAMEA (Latin America, Middle East, Africa)

Full Report: https://www.alliedmarketresearch.com/global-oriented-strand-board-market-A16017

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