Who are the key players in Engineered Wood Market?

Weyerhaeuser Company, Boise Cascade, Georgia-Pacific, Louisiana-Pacific Corporation and Roseburg Forest Products are the major companies operating in the Engineered Wood Market. Read More

Which is the fastest growing region in Engineered Wood Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Engineered Wood Market?

In 2024, the Asia-Pacific accounts for the largest market share in Engineered Wood Market. Read More

What years does this Engineered Wood Market cover, and what was the market size in 2023?

In 2023, the Engineered Wood Market size was estimated at 271.56 million cubic meters. The report covers the Engineered Wood Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Engineered Wood Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Engineered Wood Market Size

Market Size of Engineered Wood Industry

Study Period	2019 - 2029
Market Volume (2024)	285.85 Million cubic meters
Market Volume (2029)	367.16 Million cubic meters
CAGR (2024 - 2029)	> 5.00 %
Fastest Growing Market	North America
Largest Market	Asia-Pacific
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Engineered Wood Market Analysis

The Engineered Wood Market size is estimated at 285.85 Million cubic meters in 2024, and is expected to reach 367.16 Million cubic meters by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).

The COVID-19 pandemic had a negative impact on the market. However, the market for engineered wood has now been close to reaching pre-pandemic levels because of increasing construction and restoration activities in the post-pandemic period.

Over the medium term, growing demand from the non-residential sector and increasing use of cross-laminated timber (CLT) as a construction material are likely to drive the market during the forecast period.
On the flip side, stringent environmental concerns related to formaldehyde emissions are likely to hinder market growth.
The growing residential construction in India and China is expected to act as an opportunity in the forecast period.
Asia-Pacific is likely to dominate the global market, while North America is expected to witness the fastest consumption of engineered wood during the forecast period.

Engineered Wood Industry Segmentation

Engineered wood is a man-made wood product manufactured by binding strands, fibers, and wood chips with adhesives to make composite wood structures.

The engineered wood market is segmented based on type, application, and geography. By type, the market is segmented into plywood, oriented strand board (OSB), glulam, cross-laminated timber (CLT), laminated veneer lumber (LVL), particleboard, and other types (fiberboard, parallel strand, others). By application, the market is segmented into non-residential and residential. The report also covers the market sizes and forecasts for the engineered wood market in 27 countries across major regions. For each segment, the market sizes and forecasts are provided based on volume (thousand cubic meters).

Type
		Plywood
		Oriented Strand Board (OSB)
		Glulam
		Cross-laminated Timber (CLT)
		Laminated Veneer Lumber (LVL)
		Particleboard
		Other Types (Fiber Board, Parallel Strand, Others)

Application
		Non-residential
		Residential

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Malaysia
	Thailand
	Indonesia
	Vietnam
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Turkey
	Russia
	NORDIC Countries
	Rest of Europe

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

Middle East and Africa
	Saudi Arabia
	Nigeria
	Qatar
	Egypt
	United Arab Emirates
	South Africa
	Rest of Middle East and Africa

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Engineered Wood Market Size Summary

The engineered wood market is poised for significant growth, driven by increasing construction and restoration activities in the post-pandemic period. The market is experiencing a resurgence, nearing pre-pandemic levels, with a notable demand from the non-residential sector and a rising adoption of cross-laminated timber (CLT) as a construction material. Despite challenges posed by stringent environmental concerns regarding formaldehyde emissions, opportunities abound in the growing residential construction sectors of India and China. The Asia-Pacific region is expected to lead the global market, with the highest consumption of engineered wood, supported by robust developments in residential and commercial construction.

Engineered wood finds extensive application across various sectors, including furniture, flooring, and structural components, with cross-laminated timber gaining traction in mid-rise and even skyscraper constructions. The market is further bolstered by increased public spending on residential construction in the United States and significant investments in smart city projects in India. The Asia-Pacific region, particularly China and India, is witnessing substantial growth in residential and commercial projects, with initiatives like 'Housing for All' and the development of low-cost housing driving demand. The market is partially consolidated, with key players like Weyerhaeuser Company and Boise Cascade expanding their operations to meet the growing demand.

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Engineered Wood Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Growing Demand from the Non-residential Sector
  2. 1.1.2 Increasing Use of Cross-laminated Timber (CLT) as Construction Materials
  3. 1.1.3 Other Opportunities
2. 1.2 Restraints
  1. 1.2.1 Stringent Environmental Concerns Related to Formaldehyde Emissions
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter Five Forces
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Type
  1. 2.1.1 Plywood
  2. 2.1.2 Oriented Strand Board (OSB)
  3. 2.1.3 Glulam
  4. 2.1.4 Cross-laminated Timber (CLT)
  5. 2.1.5 Laminated Veneer Lumber (LVL)
  6. 2.1.6 Particleboard
  7. 2.1.7 Other Types (Fiber Board, Parallel Strand, Others)
2. 2.2 Application
  1. 2.2.1 Non-residential
  2. 2.2.2 Residential
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Malaysia
    6. 2.3.1.6 Thailand
    7. 2.3.1.7 Indonesia
    8. 2.3.1.8 Vietnam
    9. 2.3.1.9 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 France
    4. 2.3.3.4 Italy
    5. 2.3.3.5 Spain
    6. 2.3.3.6 Turkey
    7. 2.3.3.7 Russia
    8. 2.3.3.8 NORDIC Countries
    9. 2.3.3.9 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Colombia
    4. 2.3.4.4 Rest of South America
  5. 2.3.5 Middle East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 Nigeria
    3. 2.3.5.3 Qatar
    4. 2.3.5.4 Egypt
    5. 2.3.5.5 United Arab Emirates
    6. 2.3.5.6 South Africa
    7. 2.3.5.7 Rest of Middle East and Africa

Engineered Wood Market Size FAQs

How big is the Engineered Wood Market?

The Engineered Wood Market size is expected to reach 285.85 million cubic meters in 2024 and grow at a CAGR of greater than 5% to reach 367.16 million cubic meters by 2029.