Press release
Engineered Wood Market Trends, Growth, and Forecast 2025-2034
Engineered wood, also known as composite wood or man-made wood, encompasses a variety of wood products manufactured by binding or fixing strands, particles, fibres, or veneers of wood together with adhesives to form composite materials. Unlike traditional solid wood, engineered wood products are engineered for specific applications, offering enhanced strength, durability, and dimensional stability while minimising waste and maximising resource utilisation.
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Several factors are driving the engineered wood market growth. One of the primary drivers is the increasing demand for sustainable and environmentally friendly building materials in the construction sector. Engineered wood products, such as plywood, oriented strand board (OSB), laminated veneer lumber (LVL), and glued laminated timber (glulam), offer superior strength-to-weight ratios, structural performance, and dimensional stability compared to traditional lumber, making them ideal for a wide range of construction applications.
Moreover, stringent environmental regulations, concerns about deforestation, and a growing emphasis on green building practices have led to greater adoption of engineered wood products as alternatives to solid wood and concrete. Engineered wood offers significant advantages in terms of resource efficiency, carbon footprint reduction, and waste minimisation, aligning with the sustainability goals of architects, builders, and developers worldwide.
The market offers a diverse array of products tailored to specific applications and performance requirements. Plywood, one of the most widely used engineered wood products, is characterised by its strength, versatility, and affordability, making it suitable for structural and non-structural applications in construction, furniture manufacturing, and packaging, leading to engineered wood market development.
Other engineered wood products, such as OSB and LVL, offer enhanced structural properties and dimensional stability, making them ideal for use in floor and roof decking, wall sheathing, and engineered wood beams. Glulam, a versatile engineered wood product made by bonding layers of dimension lumber together with structural adhesives, is prized for its strength, aesthetic appeal, and sustainability, serving as a popular choice for architectural and structural applications in residential, commercial, and industrial buildings.
Furthermore, ongoing research and development efforts in the field of engineered wood technology are driving innovation and product diversification, leading to the introduction of new materials, formulations, and manufacturing processes that further enhance the performance, durability, and sustainability of engineered wood products, consequently driving up the engineered wood market share.
The residential segment is projected to hold a substantial portion of the market. This is primarily attributed to the increasing use of engineered wood in the manufacturing of essential home products like flooring, doors, cabinets, staircases, and roofs. Additionally, the commercial and industrial applications of engineered wood are also anticipated to increase, driven by the growing need for cross laminated timber in the construction of skyscrapers and office buildings.
As per the engineered wood market analysis, North America and Europe emerge as leading markets for engineered wood, driven by robust construction activity, favourable building codes, and a strong culture of sustainability and innovation.
In Asia-Pacific, rapid urbanization, population growth, and infrastructure development are fuelling demand for engineered wood products, particularly in emerging economies such as China, India, and Southeast Asian countries. Rising disposable incomes, expanding middle-class populations, and increasing awareness of the benefits of engineered wood are driving market growth in the region, creating opportunities for manufacturers and suppliers.
Market Segmentation
The market can be divided based on the type, end-use, application, and region
Market Breakup by Type
I-Beams
Plywood
Laminated Veneer Lumber (LVL)
Glulam (Glued Laminated Timber)
Oriented Strand Boards (OSB)
Cross Laminated Timber (CLT)
Others
Market Breakup by End-Use
Residential
Commercial and Industrial
Market Breakup by Application
Construction
Furniture
Flooring
Packaging
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global engineered wood market. Some of the major players explored in the report by Expert Market Research are as follows:
Boise Cascade Company
Arauco Wood Products, Inc.
Huber Engineered Woods LLC
Louisiana-Pacific Corporation
West Fraser Timber Co. Ltd.
Raute Corporation
UFP Industries, Inc.
Weyerhaeuser Company
Stora Enso Oyj
Resolute Forest Products
Century Plyboards (India) Ltd
Others
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