The global demand for Oriented Strand Board Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX Million Square Feet in 2020 and forecast to touch XX Million Square Feet by 2027 with a CAGR of XX% during 2021-2027.
Oriented Strand Board is a multi-purpose structural wood panel made from water-resistant heat-cured adhesives with wood strands arranged in a specific orientation. It is suitable for end uses in roof cover, floor underlayment, subflooring, roof and wall sheathing, sheathing ceiling/deck. Other uses of oriented strand board include industrial containers and furniture manufacturing, marine applications, cargo van panels, pallets etc. This board can be chemically treated, improving resistance to decay or fire. OSBs are lightweight and have exceptional strength and durability.
The rise in residential and commercial construction activities and infrastructural development has increased the demand for wood panels for interior decoration and furniture, thereby boosting the demand for oriented strand boards. The oriented strand boards are considered superior due to their low cost, great strength, and durability; this may further boost the market demand. Due to technological advancements, OSBs are now being used in I-joists, floor trusses, stress skin panels, and structural core panels. This, in turn, will accelerate the market growth in the coming years. There is an increase in the use of OSBs in the packaging industry for food and beverages, pharmaceutical, cosmetics, and others which will likely propel the market growth. Government initiatives supporting green building materials will benefit the market of oriented strand boards.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of oriented strand board. The growth and trends of Oriented Strand Board Industry provide a holistic approach to this study.
This section of the oriented strand board market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Oriented Strand Board market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Oriented Strand Board Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the oriented strand board market include Huber Engineered Woods LLC., Arbec Forest Products Inc., Sonae Arauco, Louisiana-Pacific Corporation, Ainsworth Lumber Co. Ltd., SGPS, S.A., EGGER Group, COILLTE, Kronopspan, Weyerhaeuser, Tolko Industries Ltd., Norbord. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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