Engineered Wood Products Market Size to Grow by 6,985.34 Million Cubic Feet | Europe will become the largest market | Technavio |

NEW YORK, January 28, 2022 /PRNewswire/ — Europe is currently the largest market for engineered wood products. Factors such as high demand for premium and custom wood products and high consumer purchasing power are driving the demand for engineered wood products in Europe.

The market will experience slower growth in Europe than in other regions. APAC, MEA and South American markets are expected to grow faster due to increasing industrialization and increasing urban population.

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Key Engineered Wood Products Market Report Highlights:

  1. Market growth 2020-2025: 6985.34 million cubic feet
  2. Growth momentum and CAGR: Accelerate to a CAGR of 6%
  3. Annual growth (%) in 2021: 3.47%
  4. Contribution to successful market: Europe at 31%
  5. Main consumer countries: ChinaUnited States, Germany, Japanand India

Competitive analysis

The competitive scenario provided in the Engineered Wood Products Market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc.

Top Vendors and Vendor Strategies

Some of the major companies covered in this report are Boise Cascade Co., Celulosa Arauco y Constitucion SA, JM Huber Corp., Louisiana-Pacific Corp., Lowes Companies Inc., Patrick Industries Inc., Raute Corp., Roseburg Forest Products Co. ., West Fraser Timber Co. Ltd. and Weyerhaeuser Co.

the engineered wood products market is fragmented due to the presence of many local and international actors. The growing competition in the market is pushing the vendors to adopt several organic and inorganic growth strategies to stay competitive in the market.

Boise Cascade Co.: The company manufactures laminated veneer lumber (LVL), I-joists, laminated beams and structural, appearance and industrial plywood panels. The company offers mouldings, plywood, particle board, fibrex and many more.

Celulosa Arauco y Constitution SA: The company offers forest products such as saw logs, pulp logs, chips and others in Chile, Argentinaand Brazil. The company offers mouldings, plywood, particle board, fibrex and many more.

JM Huber Corp. : The company manufactures innovative specialty products, including AdvanTech subfloors and subfloor adhesives; and ZIP System roof and wall cladding, for residential and commercial construction applications. The company offers mouldings, plywood, particle board, fibrex and other products.

Download our free sample report to get a brief understanding of various other providers and their strategies.

Key Market Drivers

Factors such as increase in residential and commercial construction, demand for durable and eco-friendly flooring, and use of engineered wood products as an alternative to sawn timber will drive the growth of the product market in engineered wood during the period 2020-2025. However, high volatility in commodity prices could hamper market growth.

  • Increase in residential and commercial construction:

The construction industry is seeing significant investment in infrastructure development in both developed and developing regions around the world. In developed economies like the United States, governments invest billions in infrastructure development. Developed countries are also witnessing an increase in the number of renovation and modification projects. In developing countries like China and India, the construction sector is driven by the increase in investments in the construction of new residences and business parks. All these factors are increasing the demand for engineered wood products, which is driving the growth of the market.

To know some other market drivers, trends and challenges,

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Related reports:

Wood Recycling Market by Material and Geography – Forecast and Analysis 2021-2025

Global Woodworking Machinery Market by Application and Geographic Forecast and Analysis 2022-2026

Scope of the engineered wood products market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 6%

Market Growth 2021-2025

6985.34 min ft3

Market structure

Fragmented

Annual growth (%)

3.47

Regional analysis

Europe, North America, APAC, MEA and South America

Successful market contribution

Europe at 31%

Main consumer countries

US, UK, China, Germany and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Boise Cascade Co., Celulosa Arauco y Constitucion SA, JM Huber Corp., Louisiana-Pacific Corp., Lowes Companies Inc., Patrick Industries Inc., Raute Corp., Roseburg Forest Products Co., West Fraser Timber Co. Ltd., and Weyerhaeuser Co.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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