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The latest research study “Engineered Wood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global engineered wood market reached a volume of 254.4 Million Cubic Metres in 2021. Looking forward, IMARC Group expects the market to reach 374.1 Million Cubic Metres by 2027, exhibiting a CAGR of 6.30% during 2022-2027.

Engineered wood, also known as composite wood or man-made wood, is made by binding strands, fibers, veneers, particles, or thin wood boards with adhesives. Some of the most commonly available engineered wood include plywood, particle board, laminated veneer lumber (LVL), glulam, cross-laminated timber (CLT), blockboard, medium-density fibreboard (MDF), and oriented strand boards (OSB). It is cost-effective, eco-friendly, durable, waterproof, moisture-resistant, and easier to clean than its counterparts. As a result, engineered wood is extensively used in floors, walls, doors, tables, modular kitchens, bookshelves, benches, boats, and wardrobes. 

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Global Engineered Wood Market Trends and Drivers: 

The market is primarily driven by the increasing environmental awareness and the consequent usage of engineered wood products as an ideal substitute for aluminum, steel, and concrete to minimize greenhouse gases. In addition, the rapid remodeling of houses, especially in developed countries, is escalating the demand for engineered wood products. Moreover, the rising usage of oriented strand boards (OSB) in residential applications, such as flooring, roofs, and walls, is impelling the market growth.

Additionally, the rising disposable incomes of individuals and improving living standards are increasing the demand for aesthetically pleasing furniture with arches, trim, stylish curves, and embossing, which represents another major growth-inducing factor. Apart from this, the increasing research and development (R&D) programs to introduce advanced variants of engineered wood to help with sustainable construction are also providing growth opportunities to key players operating in the industry.  

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Engineered Wood Market Report Scope

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Type, Application, End User and Region

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Boise Cascade Company, Havwoods Ltd, Huber Engineered Woods LLC (J.M. Huber Corporation), Louisiana-Pacific Corporation, Mayr-Melnhof Holz Holding AG, Nordic Structures, Pacific Woodtech Corporation (Daiken Corporation), Roseburg Forest Products Co. (Wilsonart), Stora Enso Oyj, Ufp Industries Inc., West Fraser Timber Co. Ltd and Weyerhaeuser Company.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

The report has been segmented the market into following categories:

List of Major Key Players:

The major players in the market are Boise Cascade Company, Havwoods Ltd, Huber Engineered Woods LLC (J.M. Huber Corporation), Louisiana-Pacific Corporation, Mayr-Melnhof Holz Holding AG, Nordic Structures, Pacific Woodtech Corporation (Daiken Corporation), Roseburg Forest Products Co. (Wilsonart), Stora Enso Oyj, Ufp Industries Inc., West Fraser Timber Co. Ltd and Weyerhaeuser Company.

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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