Global Modified Wood Market Overview:
Modified wood is processed by chemical treatment, compression, or other means, with or without heat, to impart permanent properties quite different from those of the original wood. Modification is applied to overwhelm the weak points of the wood material which are mainly associated to moisture sensitiveness, low dimensional stability, hardness and wear resistance, low resistance to bio-deterioration against fungi, termites, marine borers, and low resistance to UV irradiation. The demand for eco-friendly modified woods is being shaped by rising concerns about global warming, the ongoing devastation of the world’s hardwood forests, and the reckless harvesting of both soft- and hardwood forests. Furthermore, as sustainability becomes a bigger concern, the environmental impact of construction and interior materials should be included in planning by considering the entire life cycle and embodied energy of the materials used. Hence, wood modification has been implemented to enhance the intrinsic properties of wood, expanding the range of sawn timber applications, and acquire the form and functionality desired by engineers, without disturbing environment
|Unit||Value (USD Million)|
|Key Companies Profiled||Kebony (Norway), Accsys Technologies (United Kingdom), Coillte Panel Products (Ireland), Houthandel Lambert van den Bosch (Netherlands), Metsa Wood (Finland), SWM-Wood Ltd (Finland), Arbor wood Co (United States), CFP Woods (Canada), Thermory AS (Estonia) and Munchinger (Germany)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Growing government initiatives to promote the use of wood in construction and renovation sector
- Increasing urban population requires large number of new construction projects
- Increase in demand for low-maintenance building products
- Rise in new construction projects in emerging economies
- Strict regulations limiting the use of toxic materials used to protect wood from biological and other chemical attacks
Market players are focusing on providing modified wood with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified modified wood. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market.
Some of the key players profiled in the report are Kebony (Norway), Accsys Technologies (United Kingdom), Coillte Panel Products (Ireland), Houthandel Lambert van den Bosch (Netherlands), Metsa Wood (Finland), SWM-Wood Ltd (Finland), Arbor wood Co (United States), CFP Woods (Canada), Thermory AS (Estonia) and Munchinger (Germany). Additionally, following companies can also be profiled that are part of our coverage like Hoover Treated Wood Products (United States), Lunawood (Finland) and Flameproof Companies (United States). Analyst at AMA Research see United States and Finnish Vendors to retain maximum share of Global Modified Wood market by 2027. Considering Market by Process, the sub-segment i.e. Thermal Treatment will boost the Modified Wood market. Considering Market by End User, the sub-segment i.e. Residential will boost the Modified Wood market.
In May 2021, Accoya wooda has installed new wood acetylation reactor at the its production facility for Accoya wood in Arnhem, the Netherlands. with this new business development, the annual production is expected to increase from ~60,000m3 to ~80,000m3 per year.
Importation of Wood Packaging Material Rule: and All wood packaging material entering or transiting the United States excepts wood of Canadian origin entering from Canada, must be heat-treated or fumigated and be marked with an approved logo certifying that it has been appropriately treated
What Can be Explored with the Modified Wood Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Modified Wood Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Modified Wood
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Modified Wood market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Modified Wood market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Modified wood manufacturers, Raw material producers and suppliers, Modified wood distributors and traders, End-use sectors, Government and R&D institutions, Market research and consulting firms and Associations and industry bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.