Worldwide Engineered Wood Industry to 2027 - Rise in Sales of Furniture Presents Opportunities

Dublin, IRELAND


Dublin, Feb. 01, 2021 (GLOBE NEWSWIRE) -- The "Engineered Wood Market by Type, Application and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

The engineered wood market was valued at $284,761.1 million in 2019, and is expected to reach $400,450.9 million by 2027, registering a CAGR of 6.2% from 2020 to 2027. Engineered wood, also known as composite wood, consists of various wood products made by joining veneers, particles, fibers, and strands of wood with adhesives to form a man-made composite material. They include a variety of products ranging from plywood to roof trusses.

The engineered wood market is mainly driven by rise in renovation and remodeling of older homes. Moreover, new housing projects are also responsible to drive the engineered wood market. In addition, as engineered wood is cost effective and eco-friendly alternative to other wood and cement products increase in use of engineered wood as substitution for building materials. Moreover, engineered wood emits lesser harmful bi-products while manufacturing compared to emission-intensive materials, such as concrete, steel, or aluminum. Therefore engineered wood is expected to minimize greenhouse gas emissions. In addition, adhesives/resins used in engineered wood are stable environmentally and do not produce greenhouse gases. This has led to increase in use of engineered wood among builders and architects. However, cheaper material such as plastic laminates and foils, re-sanded and re-used engineered wood products and panels act as restraint to the market. However, urbanization of developing countries in Asia-Pacific and LAMEA is expected to boost the engineered wood market during the forecast period.

The engineered wood market is segmented into type, application, end user, and region. On the basis of type, the market is divided into I-Beams, plywood, laminated veneer lumber (LVL), glulam (glued laminated timber), oriented strand boards (OSB), cross-laminated timber (CLT), and others. Depending on application, it is classified into construction, furniture, flooring, packaging and others. By end user, it is segregated into residential and commercial & industrial. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Competition Analysis

The major players profiled in the engineered wood market include Boise Cascade Company, Celulosa Arauco y Constitucion SA, Huber Engineered Woods LLC, Louisiana-Pacific Corporation (LP), Norbord Inc., Patrick Industries, Inc., Raute Group, Shenzhen Risewell Industry Co., Ltd, Universal Forest Products, Inc. and Weyerhaeuser Company. Major companies in the market have adopted strategies such as business expansion, agreement, acquisition and product launch to offer better services to customers in the engineered wood market.

Key Benefits

  • The report provides an extensive analysis of the current and emerging engineered wood market trends and dynamics.
  • In-depth engineered wood market analysis is conducted by estimations for the key segments between 2020 and 2027.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

Key Topics Covered:

Chapter 1: Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Primary Research
1.2.2. Secondary Research
1.2.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping Engineered Wood Industry
3.3. Key Findings
3.3.1. Top Investment Pockets
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increased Use of Engineered Wood Over Other Building Materials
3.4.1.2. Rise in Reconstruction, Renovation and Remodelling of Old Buildings
3.4.1.3. Growing Focus on Affordable Homes
3.4.2. Restraint
3.4.2.1. Threat of Substitute Material
3.4.2.2. Global Trade War
3.4.3. Opportunity
3.4.3.1. Rise in Sales of Furniture
3.5. Covid-19 Impact Analysis

Chapter 4: Engineered Wood Market, by Type
4.1. Market Overview
4.1.1. Market Size and Forecast, by Type
4.2. I-Beams
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. Plywood
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. Laminated Veneer Lumber (Lvl)
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. Glulam (Glued Laminated Timber)
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
4.6. Oriented Strand Boards (Osb)
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, by Region
4.6.3. Market Analysis, by Country
4.7. Cross Laminated Timber (Clt)
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast, by Region
4.7.3. Market Analysis, by Country
4.8. Others
4.8.1. Key Market Trends, Growth Factors, and Opportunities
4.8.2. Market Size and Forecast, by Region
4.8.3. Market Analysis, by Country

Chapter 5: Engineered Wood Market, by Application
5.1. Market Overview
5.1.1. Market Size and Forecast, by Application
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: Engineered Wood Market, by End-User
6.1. Market Overview
6.1.1. Market Size and Forecast, by End-User
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. Commercial & Industrial
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: Engineered Wood Market, by Region
7.1. Market Overview
7.1.1. Market Size and Forecast, by Region
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA

Chapter 8: Competitive Landscape
8.1. Introduction
8.1.1. Market Player Positioning, 2019
8.2. Top Winning Strategies
8.2.1. Top Winning Strategies, by Year
8.2.2. Top Winning Strategies, by Development
8.2.3. Top Winning Strategies, by Company
8.3. Key Developments
8.3.1. Product Launch
8.3.2. Business Expansion
8.3.4. Partnership

Chapter 9: Company Profiles
9.1. Boise Cascade Company
9.1.1. Company Overview
9.1.2. Key Executives
9.1.3. Company Snapshot
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.1.6. Business Performance
9.1.7. Key Strategic Moves and Developments
9.2. Celulosa Arauco Y Constitucion S. A.
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Operating Business Segments
9.2.5. Product Portfolio
9.2.6. R&D Expenditure
9.2.7. Business Performance
9.2.8. Key Strategic Moves and Developments
9.3. Huber Engineered Woods LLC
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Snapshot
9.3.4. Product Portfolio
9.3.5. Key Strategic Moves and Developments
9.4. Louisiana-Pacific Corporation
9.4.1. Company Overview
9.4.2. Key Executives
9.4.3. Company Snapshot
9.4.4. Operating Business Segments
9.4.5. Product Portfolio
9.4.6. Business Performance
9.4.7. Key Strategic Moves and Developments
9.5. Norbord Inc.
9.5.1. Company Overview
9.5.2. Key Executives
9.5.3. Company Snapshot
9.5.4. Product Portfolio
9.5.5. Business Performance
9.6. Patrick Industries, Inc.
9.6.1. Company Overview
9.6.2. Key Executives
9.6.3. Company Snapshot
9.6.4. Operating Business Segments
9.6.5. Product Portfolio
9.6.6. Business Performance
9.6.7. Key Strategic Moves and Developments
9.7. Raute Group
9.7.1. Company Overview
9.7.2. Key Executives
9.7.3. Company Snapshot
9.7.4. Operating Business Segments
9.7.5. Product Portfolio
9.7.6. R&D Expenditure
9.7.7. Business Performance
9.7.8. Key Strategic Moves and Developments
9.8. Shenzhen Risewell Industry Co. Ltd.
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Product Portfolio
9.9. Universal Forest Products, Inc.
9.9.1. Company Overview
9.9.2. Key Executives
9.9.3. Company Snapshot
9.9.4. Operating Business Segments
9.9.5. Product Portfolio
9.9.6. Business Performance
9.9.7. Key Strategic Moves and Developments
9.10. Weyerhaeuser Company
9.10.1. Company Overview
9.10.2. Key Executives
9.10.3. Company Snapshot
9.10.4. Operating Business Segments
9.10.5. Product Portfolio
9.10.6. R&D Expenditure
9.10.7. Business Performance
9.10.8. Key Strategic Moves and Developments

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