The global oriented
strand board (OSB) market is expected to reach USD 71.2 million by
2022, according to a new report by Grand View Research, Inc. Increasing
consumption of panels in various industrial applications on account of
properties including strength, workability, versatility, value, and reduced
formaldehyde emissions will drive demand over the forecast period.
High product need in various construction applications
including walls, roof panels, subfloors, structural insulation, rimboards,
underlayment, and floor joists owing to superior properties including strength
and durability will propel growth over the forecast period. Mounting consumer
interest in home decoration is expected to have a positive impact on the
industry over the next seven years. Furthermore, environmental sustainability
awareness among the consumers will fuel organic home furnishing demand which in
turn will augment product need over the next seven years.
Technological advancements with regard to development
of new manufacturing processes to reduce cost and raw material use will create
immense market potential over the forecast period. However, raw material price
volatility ad availability will challenge growth over the next seven years.
Rising demand for leisure furniture in various countries
including Germany, the UK, France, U.S., Russia, Canada, Vietnam, Saudi Arabia,
UAE, Bahrain, Egypt, Singapore, Australia, China, India, and Japan is expected
to spur growth over the next seven years.
Browse full research report on Oriented Strand Board (OSB) Market: https://www.grandviewresearch.com/industry-analysis/oriented-strand-board-market
Further
key findings from the report suggest:
- Construction was the largest application accounting for over 55% in
2014. Growing construction industry in emerging economies of Asia Pacific
coupled with increased infrastructure spending by Indian and Chinese
governments is a key factor responsible for high product demand.
- Packaging was valued over USD 1.5 million in 2014. Various factors
including increasing concern towards product presentation and safety,
development in the pharmaceutical sector, and growth in the fast-moving
consumer goods (FMCGs) sector for packaged products is expected to spur
product market over the next seven years.
- Europe held significant market share following North America in
2014 accounting for over 15.0% owing to large scale use in various end-use
industries over the past few years. In 2011, European Commission
implemented Construction Products Regulation program for ensuring easy
availability of reliable information for consumption of sustainable
products for contractors, architects and professionals.
- Companies including Tolko, Georgia-Pacific LLC, Kronospan, and
Coillte show forward integration from raw materials to manufacturing
process. Various end-users of the products include HWP, Woodpak, Thor
Construction, and Ryan Companies. Companies are highly investing into
R&D for manufacturing effective and cost efficient products to cater
to growing consumer need.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand
View Research has segmented the oriented strand board (OSB) market on the basis
of application and region:
Oriented
Strand Board (OSB) Application Outlook (Volume, Million square Meters, Revenue,
USD Thousand, 2012 - 2022)
- Construction
- Packaging
- Others
Oriented
Strand Board (OSB) Regional Outlook (Volume, Million square Meters, Revenue,
USD Thousand, 2012 - 2022)
- North America
- U.S
- Europe
- Germany
- U.K
- Asia Pacific
- China
- India
- Latin America
- Brazil
- MEA
- Saudi Arabia
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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