The Business Research Company’s report on the Oriented Strand Board Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the oriented strand board market further?
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.
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What are the key factors influencing the forecasted market size of the oriented strand board industry?
The oriented strand board market size has grown rapidly in recent years. It will grow from$27.38 billion in 2024 to $31.51 billion in 2025 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to the 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 “$53.44 billion in 2029 at a compound annual growth rate (CAGR) of 14.1%. 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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Who are the leading competitors in the oriented strand board market?
Major companies operating in the oriented strand board market include 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, Stora Enso Oyj, Metsä Group, Dongwha Enterprise Co. Ltd., Hexion Inc., Nippon Paper Industries Co. Ltd., Ormet S.p.A., Pfleiderer Group, Resolute Forest Products Inc., Stimson Lumber Company
Which emerging trends are set to transform the oriented strand board market landscape?
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.
How do different geographies compare in terms of market share and growth potential in the oriented strand board market?
North America was the largest region in the oriented strand board market in 2024.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
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Which major segments of the oriented strand board market are experiencing the fastest growth?
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
Subsegments:
1) By Oriented Strand Board Or 1 (OSB Or 1): Interior Dry Use, General Purpose
2) By Oriented Strand Board Or 2 (OSB Or 2): Load-Bearing Applications, Structural Use
3) By Oriented Strand Board Or 3 (OSB Or 3): Moisture-Resistant Applications, Load-Bearing In Humid Conditions
4) By Oriented Strand Board Or 4 (OSB Or 4): Heavy Load-Bearing Applications, External Applications In Severe Conditions
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How is the oriented strand board market defined, and what are its core characteristics?
Oriented strand board (OSB) is an engineered wood panel made from small strands or flakes of wood that are arranged in layers and bonded together with resin or adhesive under high pressure and heat.
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