Oriented Strand Board (OSB) Market Size to Boost USD 46.40 Billion By 2032 | CAGR 5.3% Published by 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. Demand for eco-friendly and sustainable products in developed countries such as the U.S., France, and Germany boost oriented strand board market revenue growth.

The Oriented Strand Board (OSB) market has experienced substantial growth over recent years, emerging as a significant segment within the global construction materials industry. OSB is an engineered wood product that is created by compressing layers of wood strands, which are bonded together with adhesives. It is widely used in construction for sheathing, flooring, and roofing due to its structural strength, cost-effectiveness, and sustainability. The market's expansion is largely driven by the increasing demand for eco-friendly construction materials and the rising awareness of sustainable building practices. OSB's versatility and low production cost, compared to traditional plywood, make it a preferred choice in residential and commercial construction.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2747

Drivers of the Oriented Strand Board (OSB) Market :

Several factors are driving the growth of the OSB market. The first major driver is the booming construction industry, particularly in developing countries where infrastructure development and housing projects are on the rise. With urbanization and industrialization increasing across regions such as Asia-Pacific and Latin America, the demand for affordable and sustainable building materials like OSB has surged. Another key factor is the growing shift towards green building practices. OSB is often viewed as a more sustainable option compared to plywood due to its efficient use of wood resources, making it attractive for eco-conscious builders and consumers. Additionally, technological advancements in OSB manufacturing have enhanced its performance, making it suitable for a wider range of applications in the construction and furniture industries.

Restraints of the Oriented Strand Board (OSB) Market :

Despite its growth potential, the OSB market faces certain restraints. One of the primary challenges is the volatility in the supply and cost of raw materials, particularly wood and resins. The price fluctuations of timber can impact the cost structure of OSB manufacturing, leading to price volatility in the market. Additionally, environmental concerns related to deforestation and forest degradation could hinder the market's growth in regions where sustainable forestry practices are not strictly adhered to. Another restraint is competition from alternative products, such as plywood and particleboard, which still hold a significant market share. In certain high-end construction applications, OSB may also face resistance due to perceptions of inferior quality compared to plywood, despite technological improvements.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @  https://www.emergenresearch.com/select-license/2747

Growth Factors of the Oriented Strand Board (OSB) Market :

Several growth factors are positively impacting the OSB market. Firstly, the trend toward lightweight construction materials in modern building techniques has favored OSB, as it offers high strength-to-weight ratios and is easier to handle and install compared to heavier alternatives. Furthermore, the increasing focus on sustainable forest management and certifications, such as the Forest Stewardship Council (FSC), is likely to boost the adoption of OSB among environmentally conscious builders and consumers. Additionally, OSB's expanding applications in modular construction and prefabricated housing units are providing new growth opportunities. As more countries embrace modular construction to reduce labor costs and project timelines, the demand for cost-efficient and high-performance materials like OSB is expected to rise significantly.

 The report also discusses the key players involved in the market such as:

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, and Medite Smartply

The report provides a thorough estimation of the overall impact of the pandemic on the Oriented Strand Board (OSB) Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Oriented Strand Board (OSB) Market

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)
Structural Oriented Strand Board
Non-Structural Oriented Strand Board

Grade Outlook (Revenue, USD Billion; 2019-2032)
OSB/1
OSB/2
OSB/3
OSB/4

Application Outlook (Revenue, USD Billion; 2019-2032)
Construction
Packaging
Furniture
Others

End-Use Outlook (Revenue, USD Billion; 2019-2032)
Residential
Non-Residential

Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/oriented-strand-board-market

Explore More of this reports @

Oriented Strand Board (OSB) Market Size @ https://www.emergenresearch.com/industry-report/oriented-strand-board-market/market-size

Oriented Strand Board (OSB) Market Share @ https://www.emergenresearch.com/industry-report/oriented-strand-board-market/market-share

Oriented Strand Board (OSB) Market Trends @ https://www.emergenresearch.com/industry-report/oriented-strand-board-market/market-trends

Oriented Strand Board (OSB) Regional Market Demand @ https://www.emergenresearch.com/industry-report/oriented-strand-board-market/regional-market-demand

Oriented Strand Board (OSB) Market Analysis @ https://www.emergenresearch.com/industry-report/oriented-strand-board-market/market-analysis

Contact Us:

Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.