Press release
Burgeoning Trends to Drive Oriented Strand Board Market Towards $31.51 billion by 2025
Burgeoning Trends to Drive Oriented Strand Board Market
The rich growth in the global oriented strand board market, propelled by factors such as housing construction boom and increasing sustainability concerns, is poised to hit an impressive market value of $31.51 billion in 2025.
What Is The Projected Market Size Of The Global Oriented Strand Board Market And Its Growth Rate?
• The oriented strand board market size has seen robust growth from $27.38 billion in 2024 to projected $31.51 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.1%.
• The rapid market expansion is attributed to factors including cost-effectiveness of OSB, environmental sustainability, urbanization, and infrastructure development.
• The oriented strand board market is expected to surge to $53.44 billion in 2029, growing at a CAGR of 14.1%, driven by global population growth, advancements in specialty OSB products and innovation in construction design.
What Is Driving The Growth In The Oriented Strand Board Market?
The rising global emphasis on green buildings is accelerating the growth of the oriented strand board market. This sustainable construction practice makes extensive use of oriented strand board in structural sheathing material, insulated panels, and roof planking. With an increase of 19% in green building certifications globally (as reported by the U.S. Green Building Council in November 2022), there is strong momentum for the oriented strand board market in the near future.
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Who Are the Key Players Driving Oriented Strand Board Market Growth?
Key actors in the oriented strand board market include:
• EGGER Holzwerkstoffe Brilon GmbH & Co. KG
• Kronospan Ltd.
• Louisiana Pacific Corporation
• West Fraser Timber Co. Ltd.
• Swiss Krono Group
• Sonae Industria SGPS SA
• Norbord Inc.
• Tolko Industries Ltd.
• Weyerhaeuser Company
• Ainsworth Lumber Co. Ltd., and others.
What Are The Key Trends In The Oriented Strand Board Market?
• Digital transformation in construction technology
• Technological advancements in manufacturing
• Focus on combination therapies
What Are The Segments Of The Global Oriented Strand Board Market?
The major segments of the oriented strand board market include:
• By Grade: Oriented Strand Board/1, Oriented Strand Board/2, Oriented Strand Board/3, Oriented Strand Board/4
• By Application: Construction, Furniture, Flooring, Packaging, Other Applications
• By Distribution Channel: Online, Offline
• By End User: Residential, Non-Residential
Which Region Leads The Oriented Strand Board Market?
North America had the largest share in the oriented strand board market in 2024. However, Asia-Pacific is projected to emerge as the fastest-growing region during the forecast period. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa regions.
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What Is Covered In the Oriented Strand Board Global Market Report?
- Market Size Analysis: Analysis of the oriented strand board market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identification of various sub-segments within the Oriented Strand Board market for effective categorization.
- Key Player Focus: Examination of key players defining their market value, share, and competitive landscape.
- Growth Trends Analysis: Assessment of individual growth trends and prospects in the market.
- Market Contribution: Evaluation of different segment contributions to the overall market growth.
- Growth Drivers: Thorough detailing of key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Critical analysis of challenges and risks affecting the market.
- Competitive Developments: Comprehensive examination of competitive developments like expansions, agreements, and new product launches in the market.
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