Press release
Green Building Boom Boosts Oriented Strand Board Market Driver: A Major Catalyst in the Evolution of the Oriented Strand Board Market in 2025
Oriented Strand Board Market Size
The growth of the oriented strand board market is projected to be driven by the increased construction of green buildings. Often known as sustainable or environmentally friendly buildings, green buildings refer to a methodological approach towards building design, construction, operation, and maintenance that is respectful of environmental considerations and efficient in resource usage. In such buildings, oriented strand board (OSB) is commonly used as structural sheathing material, in insulated panels, and for roof planking. For example, in November 2022, the U.S. Green Building Council, a non-profit organization based in the U.S., reported a 19% rise in green building certifications. It's worth noting that around 184 countries worldwide have buildings that hold green building certifications, issued by several green building certification systems which include the World Green Building Council and Leadership in Energy and Environmental Design. Hence, the increasing construction of green buildings is propelling the oriented strand board market's expansion.
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How will the growth rate of the oriented strand board market shape industry trends by 2034?
The scale of the oriented strand board market has expanded significantly in the past few years. It is projected to increase from $27.38 billion in 2024 to $31.51 billion in 2025, with a compound annual growth rate (CAGR) of 15.1%. The previous growth can be accredited to factors such as a surge in housing construction, cost benefits of OSB, ecological sustainability, emerging trends in renovation and remodeling, urban growth, and enhancement in infrastructure.
Anticipations are high for a swift expansion in the oriented strand board market in the forthcoming years, which is predicted to swell to a staggering "$53.44 billion by 2029, with a compound annual growth rate (CAGR) of 14.1%. This anticipated development during the forecast period could be credited to factors such as global population growth, enhancement in specialty OSB goods, economic resilience, emphasis on energy-saving construction techniques, and innovative building designs. Prime patterns for the said period include digital alteration in the construction sector, technological progress in manufacturing, incorporation of teleophthalmology, special attention to combination therapies, and the presence of biosimilars in ophthalmology.
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What trends are poised to drive the future success of the oriented strand board market?
Product enhancement through innovation is becoming a crucial trend in the oriented strand board market. Firms functioning in this sector are crafting novel products to maintain their market stance. For instance, Medite Smartply, a sustainable timber panels manufacturer from the UK, unveiled 'The Smartply Sure Step' in February 2022, an oriented strand board/3 panel fortified with a solid coating. This product, 'The Smartply Sure Step', utilizes an innovative high-performance coating that promotes slip-resistance and enhanced durability.
Which primary segments of the oriented strand board market are driving growth and industry transformations?
The oriented strand board market covered in this report is segmented -
1) By Grade: Oriented Strand Board/1, Oriented Strand Board/2, Oriented Strand Board/3, Oriented Strand Board/4
2) By Application: Construction, Furniture, Flooring, Packaging, Other Applications
3) By Distribution Channel: Online, Offline
4) By End User: Residential, Non-Residential
Subsegments:
1) By Oriented Strand Board Or 1 (OSB Or 1): Interior Dry Use, General Purpose
2) By Oriented Strand Board Or 2 (OSB Or 2): Load-Bearing Applications, Structural Use
3) By Oriented Strand Board Or 3 (OSB Or 3): Moisture-Resistant Applications, Load-Bearing In Humid Conditions
4) By Oriented Strand Board Or 4 (OSB Or 4): Heavy Load-Bearing Applications, External Applications In Severe Conditions
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Which geographical regions are pioneering growth in the oriented strand board market?
North America was the largest region in the oriented strand board market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global oriented strand board market report during the forecast period. The regions covered in the oriented strand board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the oriented strand board market landscape?
Major companies operating 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., Arbec Forest Products Inc., Roy O. Martin Lumber Company LLC, Suncrest Plydecor, Hutchison Incorporated., LP Building Solutions, Huber Engineered Woods LLC, Georgia-Pacific Wood Products LLC, PotlatchDeltic Corporation, Stora Enso Oyj, Metsä Group, Dongwha Enterprise Co. Ltd., Hexion Inc., Nippon Paper Industries Co. Ltd., Ormet S.p.A., Pfleiderer Group, Resolute Forest Products Inc., Stimson Lumber Company
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What Is Covered In The Oriented Strand Board Global Market Report?
• Market Size Forecast: Examine the oriented strand board market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the oriented strand board market for a structured understanding.
• Key Players Overview: Analyze major players in the oriented strand board market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the oriented strand board market.
• Segment Contributions: Evaluate how different segments drive overall growth in the oriented strand board market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the oriented strand board market.
• Industry Challenges: Identify potential risks and obstacles affecting the oriented strand board market.
• Competitive Landscape: Review strategic developments in the oriented strand board market, including expansions, agreements, and new product launches.
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