The global oriented strand board market size is expected to
reach USD 32.89 billion by 2025 expanding at a CAGR of 14.3%, according to a
new report by Grand View Research, Inc. Growing product penetration in
residential and commercial construction due to superior aesthetics is
anticipated to benefit the industry growth. The industry has witnessed extreme
fluctuations in supply and demand on account of the cyclic nature of the
residential construction. Suppliers in the OSB market heavily influence the
product prices as the raw material accounts for a high proportion of the
overall manufacturing cost of the oriented strand boards.
Increasing preference for green
building materials in construction industry is expected to have a positive
impact on the product demand. Oriented strand board is exempted from
formaldehyde regulations, owing to its low emission rate. In addition, less
wood wastage in the manufacturing of OSBs is expected to emerge as one of the
major factors driving the industry over the forecast period. Fluctuations in
raw material prices may restrain the market growth. Notable volatility in the
price of the wood on account of weather conditions is expected to hamper the
growth. In addition, extensive price volatility of the adhesives and resins
used in the product due to fluctuations in crude oil prices is also expected to
limit the growth.
Browse full research report on Oriented Strand Board Market: https://www.grandviewresearch.com/industry-analysis/oriented-strand-board-market
Further key findings from the study suggest:
- Construction applications led the global oriented strand
board market in 2017 accounting for 51.73% of total share due to extensive
product usage in roofing, floor sheathing, etc.
- North America was the largest regional market and is expected
to continue its dominance over the forecast years owing to a rise in
residential construction activities
- China is expected to register a CAGR of 25.0% from 2018 to
2025 on account of growing population and manufacturing industry
- The industry is characterized by the presence of major firms
with notable market shares, which is making it difficult for emerging
companies to enter the market
- Key companies in the industry are focused on organic and
inorganic business growth through M&A and capacity expansions to cater
to rising demand
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/oriented-strand-board-market/request/rs1
Grand View Research has segmented the global oriented strand board
market on the basis of application and region:
Oriented Strand Board Application Outlook (Volume, Million Square
Feet; Revenue, USD Million, 2014 - 2025)
- Construction
- Packaging
- Others
Oriented Strand Board Regional Outlook (Volume, Million Square
Feet; Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
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.
For
more info visit @ https://www.grandviewresearch.com
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