Global Oriented Strand Board (OSB) Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 3.4% over the forecast period 2020-2027.
Global Oriented Strand Board (OSB) Market
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Oriented Strand Board (OSB) Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Oriented Strand Board (OSB) Market overview
The global expansion in the construction industry and development in the electronic electrical industry is driving the growth of the Oriented Strand Board market. Developing economies and unique OSBs properties such as durability, low cost, and high strength are anticipated to fuel the demand for the market. It is an advanced technology used to measure fiber orientation. The invention of terahertz technology to quantify density levels and wood moisture has made the adoption of advanced grade products to assist in the manufacturing. As OSBs are sensitive towards internal fiber structure, this made a positive impact on the market. Increasing import and export industries led to increasing usages of packaging materials which are expected to drive the growth of the market over the forecast period.
Global Oriented Strand Board (OSB) Market Dynamics
The construction sector has led the OSBs product, owing to the strong demand from the residential construction industry. Increasing demand from the residential sectors has built lucrative opportunities for the OSBs market. Besides, low mortgage rates and the rising population and per capita income are also projected to rise at a significant pace over the forecast period. In general, the productions of these products are increasing as the lumber supply is available and it is used as a smart alternative to conventional plywood and lumber. Also, it ensures the effective use of raw material.
However, factors such as consumer awareness of the Oriented Strand Board (OSB) and the availability of raw materials may slow down the growth of the market. Besides, government stringent regulations may hamper the growth of the market.
High strength, low cost, and durability beneficial properties of OSBs are increasing the demand for OSBs market. Increasing end-use applications of OSBs such as core panels, floor trusses, structural, I-joists and stresses skin panels are driving the growth of the market. Besides, technological innovations and fast-growing trees as wood is used in product manufacturing also, they can be planted easily. The government exempted formaldehyde regulations for OSBs is driving the growth of the market especially green building material.
Global Oriented Strand Board (OSB) Market: Regional Analysis
The regional analysis of the worldwide Oriented Strand Board (OSB) market is segregated across North America, Europe, Asia Pacific, the Middle East, and Africa, and South America. North America is dominating the Oriented Strand Board (OSB) market. Import and export rises have led to a massive demand for packaging materials in the form of pallets and boxes. Besides, increasing construction is driving the growth of the market in this region. Increasing consumptions of crude oil and resin that are produced from crude oil can be reduced with advanced technology such as the use of bio-adhesives. This led to a direct impact on the crude oil price fluctuations. Rising infrastructural development in the Asia Pacific is expected to be the fastest-growing region over the forecast period. High product demand for wood applications such as plywood and blackboard has built various lucrative opportunities in this region.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger acquisitions, joint ventures, collaborations, expansion, new Type launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Oriented Strand Board (OSB) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Oriented Strand Board (OSB) Market dynamics, structure by analyzing the market segments and project Global Oriented Strand Board (OSB) Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Oriented Strand Board (OSB) Market make the report investor’s guide.
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Global Oriented Strand Board (OSB) Market, by Grade
• OSB/3 OSB/4
Global Oriented Strand Board (OSB) Market, by Application
Global Oriented Strand Board (OSB) Market, by Region
• North America
• South America
• Middle East Africa
Global Oriented Strand Board (OSB) Market Major Players
• Huber Engineered Woods LLC.
• Arbec Forest Products Inc.
• Sonae Arauco
• Louisiana-Pacific Corporation
• Ainsworth Lumber Co. Ltd
• Norbond Inc.
• Kronospan Ltd
• Weyerhaeuser Company
• SWISS KRONO Group