Oriented Strand Board (OSB) Market- Global Industry Analysis and Forecast (2023-2029)

Oriented Strand Board (OSB) Market size was valued at US$ 22.04 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 14.3% from 2023 to 2029, reaching nearly US$ 56.19 Bn.
Global Oriented Strand Board (OSB) Market Overview:
Oriented Strand Board (OSB) Market is expected to reach US$ 56.19 Bn. by 2029. In both commercial and residential construction, OSB is widely used for wall sheathing, floor underlayment, roof cover, and I-joist. Furniture, reels, trailer liners, and recreational vehicle floors are all made of OSB. This report focuses on the different segments of the Oriented Strand Board (OSB) market (Grade, Application, End-User, and Region). This report examines the major market players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America).

It's a comprehensive look at today's rapid advancements in a range of fields. The primary data analysis from 2018 to 2022 is demonstrated through facts and figures, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Oriented Strand Board (OSB) are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Oriented Strand Board (OSB) market.To know about the Research Methodology :- Request Free Sample Report
Oriented Strand Board (OSB) Market Dynamics:
Oriented Strand Boards (OSB) are expected to see increased demand due to their superior and useful qualities, such as low cost, high strength, and durability, during the forecast period. The use of terahertz technology to assess moisture and density levels in wood is expected to aid in the development of advanced-grade goods. Because of its sensitivity to internal fibre structure, the technology is increasingly being utilised to assess fibre orientation in OSBs.

It is also employed to strengthen its structural integrity, resulting in increased market growth. Because of significant demand from the residential construction sector, the construction industry led the US OSB market in terms of product utilisation. In 2017, the number of residential units in the country grew by 4.17 percent. Low mortgage rates, as well as rising population and per capita income, are expected to drive it forward at a rapid pace during the forecast period. The product is commonly utilised as a cost-effective alternative to traditional lumber and plywood, since it ensures the availability of lumber supply through efficient raw material utilisation.

Due to technological advancements in the industry, it is increasingly being employed in I-joists, floor trusses, structural core panels, and stresses skin panels. This, in turn, is expected to drive its growth during the forecast period. The wood used in product manufacturing is typically produced from fast-growing trees that can be replanted quickly, resulting in lower deforestation rates. OSB panels are also exempt from formaldehyde laws, which is likely to boost demand for the material as a green building material.

The growing demand for wood panels for interior decoration and furniture applications has arisen from increased construction infrastructure development. Because of the high demand for OSB due to its low cost, industry participants have increased their investments in capacity expansions and acquisitions to meet the rising demand. The existence of a large number of well-established producers severely reduces the market's opportunity for new entrants. Furthermore, significant capital costs and reliance on variable yearly growth of consumer sectors may prevent new company entry.
Oriented Strand Board (OSB) Market Segment Analysis:
The Oriented Strand Board (OSB) Market is segmented by Grade, Application, and End-User.

Based on the Grade, the market is segmented into OSB/1, OSB/2, OSB/3, and OSB/4. OSB/1 grade segment is expected to hold the largest market share of xx% by 2029. The OSB/1 type is widely utilised in a variety of applications, including interior installation of residential and commercial structures and decking Particleboard. OSB/1 can also be customised in terms of thickness, density, panel size, layer texture, strength, and stiffness. As a result, OSB/1 is widely used and preferred by designers and contractors.

Based on the Application, the market is segmented into Construction, Furniture, Flooring, Packaging, and Others. Construction segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Wood-based panels are important in the construction industry because they provide excellent structural resilience to roofs and floors, walls, beams, doors, and staircases, among other things. OSB panels are stronger and more rigid than other materials used in similar construction projects. The material is more homogeneous since it is free of rings and knots. OSB is designed to have the same strength and stiffness as plywood.

Oriented strand boards are a low-cost solution for building a house. OSB costs USD 700 less than plywood for a typical 2,400-square-foot home, according to the National Association of Certified Home Inspectors (NACHI). The building and construction business is currently prospering in various Asia-Pacific rising nations, whereas it has slowed in countries across Europe, North America, and South America.

According to the US Census Bureau, the construction sector in the United States was valued at USD 1,625,882 million in November 2021. The residential sector was valued at around USD 796,308 million, while the non-residential sector was valued at approximately USD 477,299 million, making the United States one of the world's major construction markets. Overall, the OSB market is expected to be driven by the increasing construction market across all regions over the forecast period.Oriented Strand Board (OSB) Market Regional Insights:

North America region is expected to dominate the Oriented Strand Board (OSB) Market during the forecast period 2023-2029. North America region is expected to hold the largest market share of xx% by 2029. Increased use of sophisticated products, such as bio-adhesives as an alternative to crude oil-derived resins, is expected to reduce the impact of crude oil price volatility, consequently benefiting regional industrial growth.

Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. OSB production is steadily increasing in Europe, with Germany and Poland leading the way. Due to low lending rates and a high rate of net migration, Europe's rapidly increasing building industry is expected to be a major driver to its growth.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Because of the enormous potential for infrastructure development, Asia Pacific is expected to be the fastest-growing region during the forecast period. Where high-end panel boards are required, the region has a high demand for the product as an alternative for plywood and block board in industrial applications.

The objective of the report is to present a comprehensive analysis of the Global Oriented Strand Board (OSB) Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Oriented Strand Board (OSB) Market dynamic and structure by analyzing the market segments and projecting the Global Oriented Strand Board (OSB) Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Oriented Strand Board (OSB) Market make the report investor’s guide.
Oriented Strand Board (OSB) Market Scope: Inquire before buying



Global Oriented Strand Board (OSB) Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 22.04 Bn.


Forecast Period 2023 to 2029 CAGR:
14.3%
Market Size in 2029:
US $ 56.19 Bn.


 Segments Covered:
by Grade
OSB/1
OSB/2
OSB/3
OSB/4


by Application
Construction
Furniture
Flooring
Packaging
Others


by End-User
Residential
Non-residential



Oriented Strand Board (OSB) Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Oriented Strand Board (OSB) Market Key Players are:
1.Huber Engineered Woods LLC.
2.Arbec Forest Products Inc.
3.Sonae Arauco
4.Louisiana-Pacific Corporation
5.Ainsworth Lumber Co. Ltd
6.Norbond Inc.
7.Kronospan Ltd
8.Georgia-Pacific
9.Weyerhaeuser Company
10.SWISS KRONO Group
11.Divine Overseas
12.Opal Solutions
13.Suncrest Plydecor
14.Senergy Pallet Private Limited
15.Flylen Technology Private Limited

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Oriented Strand Board (OSB) Market?
Ans. North America is expected to hold the highest share in the Oriented Strand Board (OSB) Market.

2] Who are the top key players in the Oriented Strand Board (OSB) Market?
Ans. Huber Engineered Woods LLC., Arbec Forest Products Inc., Sonae Arauco, Louisiana-Pacific Corporation, and Ainsworth Lumber Co. Ltd are the top key players in the market.

3] Which segment is expected to hold the largest market share in the Oriented Strand Board (OSB) Market by 2029?
Ans. OSB/1 grade segment is expected to hold the largest market share in the market by 2029.

4] What is the market size of the Oriented Strand Board (OSB) Market by 2029?
Ans. The market size of the market is expected to reach US $ 56.19 Bn. by 2029.

5] What was the market size of the Oriented Strand Board (OSB) Market in 2022?
Ans. The market size of the market was worth US $ 22.04 Bn. in 2022.