The global reclaimed lumber market size is expected to reach USD 68.47 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.7% from 2020 to 2027. The global market is anticipated to be driven by a growing interest in recycling due to environmental awareness, resulting in increased product demand.
The
industry is rapidly rising due to growing environmental awareness, increasing
interest in recycling, and intensifying urgency to deal with waste management
issues. The construction sector has been observing an emerging trend of
sustainable construction using cross-laminated timber.
The
reclaimed lumber is extensively used in flooring, paneling, beams and
boards, furniture, and other applications for residential, commercial, and
industrial construction. The use of reclaimed lumber in construction results in
fewer materials being sent to landfills, which will significantly reduce
environmental pollution.
Key
market players put a high emphasis on product availability, including product
line and consistency of supply, and delivery schedule, which includes the
ability to ship the product and meet the timelines promptly. These factors are
expected to influence demand.
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Reclaimed Lumber
Market Report Highlights
- The commercial end-use
segment is expected to witness the fastest growth from 2020 to 2027 owing
to high demand for several commercial applications, including flooring,
tabletops, wall covering, bar tops, seats, and light fixtures
- The furniture application
segment led the market with 31.2% share in 2019 in terms of revenue, due
to the high demand for antique furniture owing to its unique design
- Asia Pacific is estimated to
expand at the fastest revenue-based CAGR of 4.8% from 2020 to 2027 owing
to the increasing awareness regarding the use of salvaged wood and the
massive potential of the construction industry in the region
- The players in the market try
to gain a competitive advantage on the basis of competitive prices, a wide
selection of materials, and turnaround time. Product availability is one
of the key factors influencing the sales
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Reclaimed Lumber
Market Segmentation
Grand View Research has segmented
the global reclaimed lumber market on the basis of application, end-use, and
region:
Reclaimed Lumber
Application Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2016 -
2027)
- Flooring
- Paneling
- Beams & Boards
- Furniture
- Others
Reclaimed Lumber
End-use Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2016 -
2027)
- Residential
- Commercial
- Industrial
Reclaimed Lumber
Regional Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2016 -
2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Asia Pacific
- China
- Japan
- Rest of the World
- South Africa
- Brazil
List of Key Players
of Reclaimed Lumber Market
- Longleaf Lumber, Inc.
- Vintage Timberworks, Inc.
- Atlantic Reclaimed Lumber,
LLC
- Carpentier Hardwood Solutions,
NV
- Imondi Flooring
- TerraMai
- Jarmak Corporation
- Elemental Republic
- Elmwood Reclaimed Timber
- Olde Wood Ltd.
- Trestlewood
- Montana Reclaimed Lumber Co.
- True American Grain
Reclaimed Wood
- Beam and Board, LLC
- Altruwood
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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