Oriented Strand Board Market Scope
Less wood wastage in the manufacturing of OSBs is expected to emerge as one of the major factors driving the global Oriented strand board (OSB) market in the forecasted period. Oriented strand board (OSB) is a kind of engineered wood, which is manufactured in cross-oriented layers to form stiff, strong, structural panels. OSB is also called a sterling board, flakeboard, and aspenite. The structured panels are formed by the composition of thin rectangular-shaped wood strands arranged in layers at right angles to on-another. The construction industry extensively uses this board in a range of products ranging from squeak-free floors to solid wall and roofs sheathing.
The market study is being classified, by Application (Furniture, Construction [Floor & Roof, Wall, Door, Column & Beam, Staircase, Other] and Packaging [Food & Beverage, Industrial, Pharmaceutical, Cosmetics, Other]) and major geographies with country level break-up. According to AMA, the Global Oriented Strand Board market is expected to see growth rate of 6.2%
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Oriented Strand Board market throughout the predicted period.
Arbec Forest Products Inc. (Canada), Coillte (Ireland), EGGER Group (Austria), Georgia-Pacific Wood Products LLC (United States), Huber Engineered Woods LLC (United States), Kronospan Limited (United Kingdom), KronoSwiss (Switzerland), Louisiana-Pacific Corporation (United States), Norbord Inc. (United States) and RoyOMartin Lumber Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sonae Industria SGPS SA (Portugal) and Tolko Industries Ltd (Canada).
AdvanceMarketAnalytics has segmented the market of Global Oriented Strand Board market by Type, Application and Region.
On the basis of geography, the market of Oriented Strand Board has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Grade, the sub-segment i.e. OSB/1 will boost the Oriented Strand Board market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Prominence of OSB, as a Substitute to Plywood
- Growing Demand for Green Building Materials in Construction Industry
- Increasing Demand due to cost-effective alternative for home construction
- Growing Construction Sector Worldwide
- Growing Application of OSB in Structural Insulated Panels
- Introduction of Terahertz Technology for the Measurement of Moisture and Density Levels of Wood
- Fluctuations in Raw Material Costs Associated with Oriented strand board (OSB)
- Emissions of Volatile Organic Compounds (VOCs), like Formaldehyde
Key Target AudienceOriented Strand Board Manufacturers, Oriented Strand Board Distributors and Suppliers, Oriented Strand Board International Traders, Upstream and Downstream Buyers, Construction Industry Association, Government Regulatory Authorities, Research and Development Institutes and Others
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