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Laminated Veneer Lumber Market Report by Residential and Commercial Application (Residential, Commercial), New Construction and Replacement Sector (New Construction, Replacement), and Region 2025-2033
Market Report I 2025-01-18 I 130 Pages I IMARC Group
The global laminated veneer lumber market size reached USD 5.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.9 Billion by 2033, exhibiting a growth rate (CAGR) of 2.6% during 2025-2033.
Laminated veneer lumber (LVL) represents one of the widely used engineered wood products, which is made using sliced and peeled thin wood veneers. It is a lightweight construction material that finds application in public buildings, industrial warehouses, product components, large-prefabricated buildings, and customized wooden houses. This can be accredited to its durability, uniformity, high strength, and dimensional precision. Besides this, it is also used for structural framing in commercial and residential construction, which includes joists, beams, lintels, purlins, concrete formwork, truss chords, and scaffold boards.
Laminated Veneer Lumber Market Trends:
Due to inflating income levels and the growing global population, there is a rise in the uptake of new construction projects in the residential, commercial, and infrastructural sectors. This represents one of the key factors strengthening the growth of the market. Moreover, structures built with LVL require a short construction period than traditional materials, such as concrete and bricks, which is positively influencing the overall sales. This can be attributed to its easy and faster installation and reduced time of shrinkage. Apart from this, LVL is made with heavy-duty glue that adds stability and strength and offers advantages such as waterproofing and resistance to rot, insects, and mold, which is creating a positive market outlook. Furthermore, as the production process of LVL is environment friendly, governments of numerous countries are encouraging end users to shift towards these wood panels. The ongoing research undertaken by leading players to explore the feasibility of manufacturing LVL using different materials is also fueling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global laminated veneer lumber market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on application and sector.
Breakup by Residential and Commercial Application:
Residential
Commercial
The residential sector holds the largest market share on account of the increasing utilization of LVL as a bearing structure in roofs, walls and floors.
Breakup by New Construction and Replacement Sector:
New Construction
Replacement
Presently, the new construction sector accounts for the majority of the total market share. This can be accredited to the expanding application of LVL in beams, purlins, lintels, formwork, and truss chords.
Breakup by Region:
Asia Pacific
North America
Europe
Latin America
Middle East and Africa
At present, North America enjoys the leading position in the market due to the rising number of new residential housing projects, especially in the United States.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are STEICO SE, Louisiana-Pacific Corporation, Roseburg Forest Products Co., UFP Industries, Inc., Brisco Manufacturing Ltd., Huber Engineered Woods LLC, Murphy Company, Weyerhaeuser Company, Boise Cascade Company, Nelson Pine Industries Limited, Stora Enso Oyj, and Magnus Plywood Pvt. Ltd.
This report provides a deep insight into the global laminated veneer lumber market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a laminated veneer lumber manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the laminated veneer lumber industry in any manner.
Key Questions Answered in This Report
1. What was the size of the global laminated veneer lumber market in 2024?
2. What is the expected growth rate of the global laminated veneer lumber market during 2025-2033?
3. What are the key factors driving the global laminated veneer lumber market?
4. What has been the impact of COVID-19 on the global laminated veneer lumber market?
5. What is the breakup of the global laminated veneer lumber market based on the residential and commercial application?
6. What is the breakup of the global laminated veneer lumber market based on the new construction and replacement sector?
7. What are the key regions in the global laminated veneer lumber market?
8. Who are the key players/companies in the global laminated veneer lumber 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
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Trends
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
6 Global Laminated Veneer Lumber Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Analysis
6.4.1 Key Price Indicators
6.4.2 Price Structure
6.4.3 Price Trends
6.5 Market Breakup by Region
6.6 Market Breakup by Residential and Commercial Application
6.7 Market Breakup by New Construction and Replacement Sector
6.8 Market Forecast
6.9 SWOT Analysis
6.9.1 Overview
6.9.2 Strengths
6.9.3 Weaknesses
6.9.4 Opportunities
6.9.5 Threats
6.10 Value Chain Analysis
6.10.1 Overview
6.10.2 Forest Owners
6.10.3 Sawmills
6.10.4 LVL Manufacturers
6.10.5 Distributors and Retailers
6.10.6 Exporters
6.10.7 End-Use Industries
6.11 Porter's Five Forces Analysis
6.11.1 Overview
6.11.2 Bargaining Power of Buyers
6.11.3 Bargaining Power of Suppliers
6.11.4 Degree of Competition
6.11.5 Threat of New Entrants
6.11.6 Threat of Substitutes
6.12 Key Success and Risk Factors
7 Market Breakup by Region
7.1 Asia Pacific
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 North America
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Europe
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Latin America
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Middle East and Africa
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Residential and Commercial Application
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by New Construction and Replacement Sector
9.1 New Construction
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Replacement
9.2.1 Market Trends
9.2.2 Market Forecast
10 Competitive Landscape
11 Laminated Veneer Lumber (LVL) Manufacturing
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operation Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utilities Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
15.1 STEICO SE
15.2 Louisiana-Pacific Corporation
15.3 Roseburg Forest Products Co
15.4 UFP Industries, Inc
15.5 Brisco Manufacturing Ltd.
15.6 Huber Engineered Woods LLC
15.7 Murphy Company
15.8 Weyerhaeuser Company
15.9 Boise Cascade Company
15.10 Nelson Pine Industries Limited
15.11 Stora Enso Oyj
15.12 Magnus Plywood Pvt. Ltd.
Figure 1: Global: LVL Market: Major Drivers and Challenges
Figure 2: Global: Engineered Wood Market: Volume Trends (in Million Cubic Meters), 2019-2024
Figure 3: Global: Engineered Wood Market: Value Trends (in Billion USD), 2019-2024
Figure 4: Global: Engineered Wood Market: Average Prices (in USD/Cubic Metre), 2019-2024
Figure 5: Global: Engineered Wood Market: Breakup by Product Type (in %), 2024
Figure 6: Global: Engineered Wood Market: Breakup by Application (in %), 2024
Figure 7: Global: Engineered Wood Market: Breakup by Region (in %), 2024
Figure 8: Global: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Meter), 2025-2033
Figure 9: Global: Engineered Wood Market Forecast: Value Trends (in Billion USD), 2025-2033
Figure 10: Global: LVL Market: Volume Trends (in Million Cubic Meters), 2019-2024
Figure 11: Global: LVL Market: Value Trends (in Billion USD), 2019-2024
Figure 12: LVL Market: Price Structure
Figure 13: Global: LVL Market: Average Prices (in USD/Cubic Metre), 2019-2024
Figure 14: Global: LVL Market Forecast: Average Prices (in USD/Cubic Metre), 2025-2033
Figure 15: Global: LVL Market: Breakup by Region (in %), 2024
Figure 16: Global: LVL Market: Breakup by Residential and Commercial Application (in %), 2024
Figure 17: Global: LVL Market: Breakup by New Construction and Replacement Sector (in %), 2024
Figure 18: Global: LVL Market Forecast: Volume Trends (in Million Cubic Meters), 2025-2033
Figure 19: Global: LVL Market Forecast: Value Trends (in Billion USD), 2025-2033
Figure 20: Global: LVL Industry: SWOT Analysis
Figure 21: Global: LVL Industry: Value Chain Analysis
Figure 22: Global: LVL Industry: Porters Five Forces Analysis
Figure 23: Asia-Pacific: LVL Market (in Million Cubic Meters), 2019 & 2024
Figure 24: Asia-Pacific: LVL Market Forecast (in Million Cubic Meters), 2025-2033
Figure 25: North America: LVL Market (in Million Cubic Meters), 2019 & 2024
Figure 26: North America: LVL Market Forecast (in Million Cubic Meters), 2025-2033
Figure 27: Europe: LVL Market (in Million Cubic Meters), 2019 & 2024
Figure 28: Europe: LVL Market Forecast (in Million Cubic Meters), 2025-2033
Figure 29: Latin America: LVL Market (in Million Cubic Meters), 2019 & 2024
Figure 30: Latin America: LVL Market Forecast (in Million Cubic Meters), 2025-2033
Figure 31: Middle East and Africa: LVL Market (in Million Cubic Meters), 2019 & 2024
Figure 32: Middle East and Africa: LVL Market Forecast (in Million Cubic Meters), 2025-2033
Figure 33: Global: LVL (Residential Applications) Market: Volume Trends (in Million Cubic Meters), 2019 & 2024
Figure 34: Global: LVL (Residential Applications) Market Forecast: Volume Trends (in Million Cubic Meters), 2025-2033
Figure 35: Global: LVL (Commercial Applications) Market: Volume Trends (in Million Cubic Meters), 2019 & 2024
Figure 36: Global: LVL (Commercial Applications) Market Forecast: Volume Trends (in Million Cubic Meters), 2025-2033
Figure 37: Global: LVL (New Construction Sector) Market: Volume Trends (in Million Cubic Meters), 2019 & 2024
Figure 38: Global: LVL (New Construction Sector) Market Forecast: Volume Trends (in Million Cubic Meters), 2025-2033
Figure 39: Global: LVL (Replacement Sector) Market: Volume Trends (in Million Cubic Meters), 2019 & 2024
Figure 40: Global: LVL (Replacement Sector) Market Forecast: Volume Trends (in Million Cubic Meters), 2025-2033
Figure 41: LVL Manufacturing: Detailed Process Flow
Figure 42: LVL Manufacturing: Conversion Rates of Feedstocks
Figure 43: LVL Manufacturing: Breakup of Capital Costs (in %)
Figure 44: LVL Industry: Profit Margins at Various Levels of the Supply Chain
Figure 45: LVL Manufacturing Plant: Breakup of Operating Costs (in %)
Table 1: Global: Engineered Wood Market: Key Industry Highlights, 2024 and 2033
Table 2: Global: LVL Market: Key Industry Highlights, 2024 and 2033
Table 3: Global: LVL Market Forecast: Breakup by Region (in Million Cubic Meters), 2025-2033
Table 4: Global: LVL Market Forecast: Breakup by Residential and Commercial Application (in Million Cubic Meters), 2025-2033
Table 5: Global: LVL Market Forecast: Breakup by New Construction and Replacement Sector (in Million Cubic Meters), 2025-2033
Table 6: Global: LVL Market: Competitive Structure
Table 7: Global: LVL Market: Key Players
Table 8: LVL Manufacturing Plant: Costs Related to Land and Site Development (in USD)
Table 9: LVL Manufacturing Plant: Costs Related to Civil Works (in USD)
Table 10: LVL Manufacturing Plant: Costs Related to Machinery (in USD)
Table 11: LVL Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (in USD/Ton)
Table 12: LVL Manufacturing Plant: Costs Related to Salaries and Wages (in USD)
Table 13: LVL Manufacturing Plant: Costs Related to Other Capital Investments (in USD)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: LVL Manufacturing Plant: Capital Costs (in USD)
Table 16: LVL Manufacturing Plant: Techno-Economic Parameters
Table 17: LVL Manufacturing Plant: Taxation and Depreciation (in USD)
Table 18: LVL Manufacturing Plant: Income Projections (in USD)
Table 19: LVL Manufacturing Plant: Expenditure Projections (in USD)
Table 20: LVL Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in USD)
Table 21: LVL Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in USD)
Table 22: LVL Manufacturing Plant: Profit and Loss Account (in USD)
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