Engineered wood is also known as man-made wood or composite wood, and these are quite popular in recent times due to their cost effective and ecofriendly properties. These woods are formed of composite materials manufactured by binding the strands, fibers and particles all together with the help of suitable adhesives.
These engineered woods can be made by utilizing wastes such as sawmill waste, rice straw, sugarcane bagasse, wheat straw and other wood wastes thus making them cost effective and environment friendly. Engineered wood is mainly used as a substitute to hardwood and concrete. In many construction building projects, the products of engineered wood are used as an alternative of steel in beams.
One of the advantage offered by engineered wood products is that it can be designed as per the demand and custom specifications of the end user. The main users of engineered wood products are construction developers, architects, designers etc. Promotion of green life and regulations concerning deforestation has led the global engineered wood market to expand with a decent pace.
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Engineered Wood Market: Regional Outlook
The ecofriendly features of the engineered wood products will force the global market to grow at a rapid pace during the forecast period. Increase in the construction of large buildings structures leads to the increased demand of cross laminated timber. North America have a significant usage of plywood and oriented strand boards resulting in the growth of engineered wood market.
Similarly European countries have high usage of glued laminated timber and I-beams. Growing industrialization and urbanization in developing regions such as Latin America and Japan has witnessed a significant growth in the engineered wood market and is expected to continue during the forecast period.
In the Regions of Asia Pacific, countries like India and China having high population, dominates in the residential segment of the market. Middle East and Africa has high production rate in raw materials hence the market is expected to move at a higher pace and is anticipated to have a significant growth at the global level.
Engineered Wood Market: Key Participants
Examples of some of the market participants identified across the value chain of the global Engineered Wood Market include:
- Celulosa Arauco Y Constitución S.A.
- Louisiana Pacific Corporation
- SCM Group
- Boise Cascade Company
- Roseburg Forest Product Company
- Huber Engineered Wood LLC
- Cefla Finishing Group
- Georgia Pacific Wood Products, LLC,
- Patrick industries, Inc.
- Weyerhaeuser Company
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
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Engineered Wood Market: Segment
Global Engineered wood market can be segmented by product type and by application type
By product type the global engineered wood market can be segmented as
- Plywood
- Laminated veneer
- I-beams
- Glulam
- Oriented strand boards
- Fiberboard
- Cross laminated Timber
By application type the global engineered wood market can be segmented as
- Residential – for home construction
- Non-residential – for commercial construction and industrial use
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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