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Report
Engineered Wood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 134 Pages I IMARC Group
Market Overview:
The global engineered wood market size reached 273.5 Million Cubic Metres in 2022. Looking forward, IMARC Group expects the market to reach 392.3 Million Cubic Metres by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Engineered wood, also known as composite wood, is made by binding particles, strands, fibers, veneers, or thin wood boards with adhesives. It is durable, waterproof, cost-effective, eco-friendly, moisture-resistant, and easier to clean as compared to its counterparts. It is widely used in modular kitchens, bookshelves, floors, walls, doors, tables and benches, boats, and wardrobes. At present, the growing traction of advanced grading wood among consumers is catalyzing the demand for engineered wood across the globe.
Engineered Wood Market Trends:
The growing demand for engineered wood as a substitute for emission-intensive materials, such as concrete, steel, and aluminum, to reduce greenhouse gases represents one of the key factors driving the market. Moreover, there is a rise in the innovation and remodeling of homes, especially in developed countries. This, along with increasing investments by governments of several countries in housing projects, is propelling the growth of the market. Additionally, there is a rise in the demand for cross-laminated timber (CLT) as a construction material across the globe. This, coupled with the growing applications of oriented strand board (OSB) in residential applications like walls, flooring, and roofs, is positively influencing the market. Besides this, increasing research and development (R&D) programs to introduce advanced variants of engineered wood that assist in sustainable construction is offering lucrative growth opportunities to industry investors. Apart from this, the escalating demand for aesthetically appealing furniture with stylish curves, arches, embossing, and trim, is bolstering the growth of the market. Some of the other factors anticipated to strengthen the growth of the market are rapid industrialization, improvement in the living standards of individuals, and the increasing demand for prefabricated houses worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global engineered wood market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end user.
Breakup by Type:
I-Beams
Plywood
Laminated Veneer Lumber (LVL)
Glulam (Glued Laminated Timber)
Oriented Strand Boards (OSB)
Cross-Laminated Timber (CLT)
Others
Breakup by Application:
Construction
Furniture
Flooring
Packaging
Others
Breakup by End User:
Residential
Commercial and Industrial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Boise Cascade Company, Havwoods Ltd, Huber Engineered Woods LLC (J.M. Huber Corporation), Louisiana-Pacific Corporation, Mayr-Melnhof Holz Holding AG, Nordic Structures, Pacific Woodtech Corporation (Daiken Corporation), Roseburg Forest Products Co. (Wilsonart), Stora Enso Oyj, Ufp Industries Inc., West Fraser Timber Co. Ltd and Weyerhaeuser Company.
Key Questions Answered in This Report
1. What was the size of the global engineered wood market in 2022?
2. What is the expected growth rate of the global engineered wood market during 2023-2028?
3. What has been the impact of COVID-19 on the global engineered wood market?
4. What are the key factors driving the global engineered wood market?
5. What is the breakup of the global engineered wood market based on the type?
6. What is the breakup of the global engineered wood market based on the application?
7. What is the breakup of the global engineered wood market based on end user?
8. What are the key regions in the global engineered wood market?
9. Who are the key players/companies in the global engineered wood market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Engineered Wood Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 I-Beams
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Plywood
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Laminated Veneer Lumber (LVL)
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Glulam (Glued Laminated Timber)
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Oriented Strand Boards (OSB)
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Cross-Laminated Timber (CLT)
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Application
7.1 Construction
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Furniture
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Flooring
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Packaging
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial and Industrial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Boise Cascade Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Havwoods Ltd
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Huber Engineered Woods LLC (J.M. Huber Corporation)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Louisiana-Pacific Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Mayr-Melnhof Holz Holding AG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Nordic Structures
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Pacific Woodtech Corporation (Daiken Corporation)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Roseburg Forest Products Co. (Wilsonart)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Stora Enso Oyj
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Ufp Industries Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 West Fraser Timber Co. Ltd
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Weyerhaeuser Company
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
Figure 1: Global: Engineered Wood Market: Major Drivers and Challenges
Figure 2: Global: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017-2022
Figure 3: Global: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 4: Global: Engineered Wood Market: Breakup by Type (in %), 2022
Figure 5: Global: Engineered Wood Market: Breakup by Application (in %), 2022
Figure 6: Global: Engineered Wood Market: Breakup by End User (in %), 2022
Figure 7: Global: Engineered Wood Market: Breakup by Region (in %), 2022
Figure 8: Global: Engineered Wood (I-Beams) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 9: Global: Engineered Wood (I-Beams) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 10: Global: Engineered Wood (Plywood) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 11: Global: Engineered Wood (Plywood) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 12: Global: Engineered Wood (Laminated Veneer Lumber-LVL) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 13: Global: Engineered Wood (Laminated Veneer Lumber-LVL) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 14: Global: Engineered Wood (Glulam-Glued Laminated Timber) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 15: Global: Engineered Wood (Glulam-Glued Laminated Timber) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 16: Global: Engineered Wood (Oriented Strand Boards-OSB) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 17: Global: Engineered Wood (Oriented Strand Boards-OSB) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 18: Global: Engineered Wood (Cross-Laminated Timber-CLT) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 19: Global: Engineered Wood (Cross-Laminated Timber-CLT) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 20: Global: Engineered Wood (Other Types) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 21: Global: Engineered Wood (Other Types) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 22: Global: Engineered Wood (Construction) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 23: Global: Engineered Wood (Construction) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 24: Global: Engineered Wood (Furniture) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 25: Global: Engineered Wood (Furniture) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 26: Global: Engineered Wood (Flooring) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 27: Global: Engineered Wood (Flooring) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 28: Global: Engineered Wood (Packaging) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 29: Global: Engineered Wood (Packaging) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 30: Global: Engineered Wood (Other Applications) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 31: Global: Engineered Wood (Other Applications) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 32: Global: Engineered Wood (Residential) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 33: Global: Engineered Wood (Residential) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 34: Global: Engineered Wood (Commercial and Industrial) Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 35: Global: Engineered Wood (Commercial and Industrial) Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 36: North America: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 37: North America: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 38: United States: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 39: United States: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 40: Canada: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 41: Canada: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 42: Asia-Pacific: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 43: Asia-Pacific: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 44: China: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 45: China: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 46: Japan: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 47: Japan: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 48: India: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 49: India: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 50: South Korea: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 51: South Korea: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 52: Australia: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 53: Australia: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 54: Indonesia: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 55: Indonesia: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 56: Others: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 57: Others: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 58: Europe: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 59: Europe: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 60: Germany: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 61: Germany: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 62: France: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 63: France: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 64: United Kingdom: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 65: United Kingdom: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 66: Italy: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 67: Italy: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 68: Spain: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 69: Spain: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 70: Russia: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 71: Russia: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 72: Others: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 73: Others: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 74: Latin America: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 75: Latin America: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 76: Brazil: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 77: Brazil: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 78: Mexico: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 79: Mexico: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 80: Others: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 81: Others: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 82: Middle East and Africa: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2017 & 2022
Figure 83: Middle East and Africa: Engineered Wood Market: Breakup by Country (in %), 2022
Figure 84: Middle East and Africa: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2023-2028
Figure 85: Global: Engineered Wood Industry: SWOT Analysis
Figure 86: Global: Engineered Wood Industry: Value Chain Analysis
Figure 87: Global: Engineered Wood Industry: Porter's Five Forces Analysis
Table 1: Global: Engineered Wood Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Engineered Wood Market Forecast: Breakup by Type (in Million Cubic Metres), 2023-2028
Table 3: Global: Engineered Wood Market Forecast: Breakup by Application (in Million Cubic Metres), 2023-2028
Table 4: Global: Engineered Wood Market Forecast: Breakup by End User (in Million Cubic Metres), 2023-2028
Table 5: Global: Engineered Wood Market Forecast: Breakup by Region (in Million Cubic Metres), 2023-2028
Table 6: Global: Engineered Wood Market: Competitive Structure
Table 7: Global: Engineered Wood Market: Key Players
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