The oriented strand board global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Oriented Strand Board Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The oriented strand board market size has grown rapidly in recent years. It will grow from $23.94 billion in 2023 to $27.54 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to housing construction boom, cost-effectiveness of osb, environmental sustainability, renovation and remodeling trends, urbanization and infrastructure development.
The oriented strand board market size is expected to see rapid growth in the next few years. It will grow to $46.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to global population growth, advancements in specialty osb products, resilience to economic fluctuations, focus on energy-efficient construction, innovation in construction design. Major trends in the forecast period include digital transformation in construction, technological advancements in manufacturing, teleophthalmology integration, focus on combination therapies, biosimilars in ophthalmology.
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Scope Of Oriented Strand Board Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Oriented Strand Board Market Overview
Market Drivers –
The rise in the construction of green buildings is expected to propel the growth of the oriented strand board market going forward. Green building, also known as sustainable building or environmentally friendly building, refers to the practice of designing, constructing, operating, and maintaining buildings in an environmentally responsible and resource-efficient manner. The oriented strand board (OSB) is used in structural sheathing material, insulated panels, and roof planking for green buildings. For instance, in November 2022, according to the U.S. Green Building Council, a US-based non-profit organization, there was an increase of 19% in the number of green building certifications. Approximately 184 countries around the globe have buildings that have green building certification provided by various green building certification systems, such as the World Green Building Council and Leadership in Energy and Environmental Design. Therefore, the rise in the construction of green buildings is driving the growth of the oriented strand board market.
Market Trends –
Product innovation is the key trend gaining popularity in the oriented strand board market. Companies operating in the oriented strand board market are innovating new products to sustain their position in the market. For instance, in February 2022, Medite Smartply, a UK-based manufacturer of sustainable timber panels, launched ‘The Smartply Sure Step’, an oriented strand board/3 panel with a durable coating. The Smartply Sure Step is manufactured with high-performance and innovative coating that enables slip resistance and improved durability.
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
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Regional Insights –
North America was the largest region in the oriented strand board market in 2023. 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
Key Companies –
Major companies operating in the oriented strand board market report are 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, Pinnacle Renewable Energy Inc., Stora Enso Oyj, Metsä Group, Schweitzer-Mauduit International Inc., Armstrong World Industries Inc., Dongwha Enterprise Co. Ltd., Hexion Inc., Nippon Paper Industries Co. Ltd., Ormet S.p.A., Pfleiderer Group, Resolute Forest Products Inc., Stimson Lumber Company
Table of Contents
1. Executive Summary
2. Oriented Strand Board Market Report Structure
3. Oriented Strand Board Market Trends And Strategies
4. Oriented Strand Board Market – Macro Economic Scenario
5. Oriented Strand Board Market Size And Growth
…..
27. Oriented Strand Board Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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