Oriented Strand Board Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

Overview and Scope
Oriented strand board (OSB) is an engineered wood panel made from small strands or flakes of wood that are arranged in layers and bonded together with resin or adhesive under high pressure and heat.

Sizing and Forecast
The oriented strand board market size has grown rapidly in recent years. It will grow from $23.94 billion in 2023 to $27.54 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%.  The  growth in the historic period can be attributed to housing construction boom, cost-effectiveness of osb, environmental sustainability, renovation and remodeling trends, urbanization and infrastructure development.

The oriented strand board market size is expected to see rapid growth in the next few years. It will grow to $46.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%.  The growth in the forecast period can be attributed to global population growth, advancements in specialty osb products, resilience to economic fluctuations, focus on energy-efficient construction, innovation in construction design. Major trends in the forecast period include digital transformation in construction, technological advancements in manufacturing, teleophthalmology integration, focus on combination therapies, biosimilars in ophthalmology.

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Segmentation & Regional Insights
The oriented strand board market covered in this report is segmented –
1) By Grade: Oriented Strand Board/1, Oriented Strand Board/2, Oriented Strand Board/3, Oriented Strand Board/4
2) By Application: Construction, Furniture, Flooring, Packaging, Other Applications
3) By Distribution Channel: Online, Offline
4) By End User: Residential, Non-Residential

North America was the largest region in the oriented strand board market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global oriented strand board market report during the forecast period. The regions covered in the oriented strand board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rise in the construction of green buildings is expected to propel the growth of the oriented strand board market going forward. Green building, also known as sustainable building or environmentally friendly building, refers to the practice of designing, constructing, operating, and maintaining buildings in an environmentally responsible and resource-efficient manner. The oriented strand board (OSB) is used in structural sheathing material, insulated panels, and roof planking for green buildings. For instance, in November 2022, according to the U.S. Green Building Council, a US-based non-profit organization, there was an increase of 19% in the number of green building certifications. Approximately 184 countries around the globe have buildings that have green building certification provided by various green building certification systems, such as the World Green Building Council and Leadership in Energy and Environmental Design. Therefore, the rise in the construction of green buildings is driving the growth of the oriented strand board market.

Key Industry Players
Major companies operating in the oriented strand board market report are EGGER Holzwerkstoffe Brilon GmbH & Co. KG., Kronospan Ltd., Louisiana Pacific Corporation, West Fraser Timber Co. Ltd., Swiss Krono Group, Sonae Industria SGPS SA, Norbord Inc., Tolko Industries Ltd., Weyerhaeuser Company, Ainsworth Lumber Co. Ltd., Arbec Forest Products Inc., Roy O. Martin Lumber Company LLC, Suncrest Plydecor, Hutchison Incorporated., LP Building Solutions, Huber Engineered Woods LLC, Georgia-Pacific Wood Products LLC, PotlatchDeltic Corporation, Pinnacle Renewable Energy Inc., Stora Enso Oyj, Metsä Group, Schweitzer-Mauduit International Inc., Armstrong World Industries Inc., Dongwha Enterprise Co. Ltd., Hexion Inc., Nippon Paper Industries Co. Ltd., Ormet S.p.A., Pfleiderer Group, Resolute Forest Products Inc., Stimson Lumber Company

The oriented strand board  market report table of contents includes:
1. Executive Summary
2. Oriented Strand Board Market Characteristics
3. Oriented Strand Board Market Trends And Strategies
4. Oriented Strand Board Market - Macro Economic Scenario
5. Global Oriented Strand Board Market Size and Growth

.....

31. Global Oriented Strand Board Market Competitive Benchmarking
32. Global Oriented Strand Board Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Oriented Strand Board Market
34. Oriented Strand Board Market Future Outlook and Potential Analysis
35. Appendix

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