Dublin, Oct. 21, 2022 (GLOBE NEWSWIRE) -- The "Global Oriented Strand Board Market By Grade, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global oriented strand board market was valued at $25,550.2 million in 2020, and is projected to reach $44,320.8 million by 2030, growing at a CAGR of 5.4% from 2020 to 2030.
Oriented strand board is a widely used, versatile engineered wood board made from waterproof, heat curing adhesives, and rectangular shaped strands of wood arranged in cross-oriented layers. It is a type engineered wood and is similar in strength and performance to plywood and resists deflection and warping. The oriented strand board market is primarily driven by increase in renovation and remodeling of older homes.
In addition, new housing projects are also responsible for growth of the oriented strand board market. Since, wood-based materials are also cost-effective and environment friendly alternative to other wood and cement products, use of these materials as a replacement for building materials is on the rise. In addition, wood-based materials release fewer harmful by-products during manufacture than emission-intensive materials such as concrete, steel, or aluminum.
Therefore, oriented strand board or wood-based materials are expected to minimize gas emissions. In addition, adhesive/resins used in strand board are environment friendly and stable and do not generate greenhouse gases.
This has led to increase in use of engineered wood and oriented strand board by builders and architects. Moreover, rise in construction related activities globally is expected propel demand for oriented strand boards, which is expected to provide lucrative opportunities for growth of the global oriented strand board market.
The global oriented strand board market is segmented into grade, application, end user, and region. By grade, the market is categorized into OSB/1, OSB/2, OSB/3, and OSB/4. Currently, the OSB/3 segment dominates the global oriented strand board market.
On the basis of application, the market is categorized into construction, flooring, packaging, and others. The construction segment dominated the market in 2020 and the flooring segment. is anticipated to grow with the highest CAGR of 4.8% in 2020. On the basis of end user, the market is categorized into residential and non-residential. The residential segment dominated the market in 2020 and the non-residential segment is anticipated to grow with a highest revenue of CAGR 5.7% in 2020.
On the basis of region, the oriented strand board market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominates the market, followed by Europe. Asia-Pacific is predicted to grow faster than LAMEA with a CAGR of 4.5% during the forecast period. The Asia-Pacific segment is expected to dominate the oriented strand board market.
Key players operating in this market include Coillte, Egger Hozwerkstoffe GmbH, Koch Industries, Kronospan Ltd., Louisiana Pacific Corporation, West Fraser, Swiss Krono Group, Sonae Industria, Tolko Industries, and Weyerhauser. Major players such as Collite, Egger Hozwerkstoffe GmbH, Koch Industries, and West Fraser are adopting acquisition to improve their product portfolio to maintain competition in the market.
For instance, in February 2021, West Fraser acquired all of the issued and outstanding common shares of Norbord, which deals in wood-based panels and oriented strand board (OSB). This acquisition helped in improving the product portfolio of the company. Such instances are expected to provide lucrative opportunities for major players for growth of the oriented strand board market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global oriented strand board market analysis from 2020 to 2030 to identify the prevailing global oriented strand board market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global oriented strand board market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global oriented strand board market trends, key players, market segments, application areas, and market growth strategies.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: GLOBAL ORIENTED STRAND BOARD MARKET, BY GRADE
4.1 Overview
4.1.1 Market size and forecast
4.2 OSB/1
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 OSB/2
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 OSB/3
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 OSB/4
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: GLOBAL ORIENTED STRAND BOARD MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Construction
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Furniture
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Flooring
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Packaging
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: GLOBAL ORIENTED STRAND BOARD MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Residential
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Non-residential
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: GLOBAL ORIENTED STRAND BOARD MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 coillte
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Egger Holzwerkstoffe GmbH
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Koch Industries (Georgia Pacific)
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Kronospan Ltd
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Louisiana Pacific Corporation
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 West Fraser
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 swiss krono group
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 sonae industria
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 tolko industries
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Weyerhaeuser Company
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/y9i3h7
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