IMARC Group, a leading market research company, has recently releases report titled “Oriented Strand Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global oriented strand board market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Oriented Strand Board
Oriented standard board (OSB) refers to a type of engineered wood manufactured by combining timber strands, wax, and synthetic resin adhesives. It comprises rectangularly shaped wood strands that are arranged in cross-oriented layers and joined with moisture-resistant binders or adhesives, such as phenol-formaldehyde (PF), urea-formaldehyde (UF), and isocyanate. It is compressed with the help of a thermal press to achieve the required thickness of the panel and then cut into individual sizes as required. It is employed for sheathing in wall panels, roof decking, and flooring purposes and is capable of resisting racking and shape distortion when subjected to a harsh environment and seismic conditions.
How Big Is the Oriented Strand Board Market?
The global oriented strand board (OSB) market size reached 33.6 Million Cubic Meters in 2022. Looking forward, IMARC Group expects the market to reach 43.5 Million Cubic Meters by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
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What are the growth prospects and trends in the oriented strand board industry?
At present, the increasing demand for OSB as a cost-effective alternative to plywood represents one of the primary factors influencing the market positively.
Besides this, the rising application of OSB in structural insulated panels is propelling the growth of the market. In addition, the growing construction of various residential and commercial infrastructures around the world is offering a favorable market outlook.
Apart from this, the increasing utilization of OSB in manufacturing a wide variety of furniture, as it is lightweight, durable, and moisture resistant, is contributing to the growth of the market. Additionally, the rising adoption of green building materials for construction purposes to minimize the effects of pollution on the environment is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Grade:
Breakup by Application:
Breakup by End User:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Arbec Forest Products Inc., Coillte, EGGER Group, Huber Engineered Woods LLC (J.M. Huber Corporation), Koch Industries Inc., Kronospan, Louisiana-Pacific Corporation, RoyOMartin, SWISS KRONO Group, Tolko Industries Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company.
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