Reclaimed Lumber Market: Global Industry Analysis and Forecast (2024-2030)

The Global Reclaimed Lumber Market size was valued at USD 5.09Billion in 2023 and the total global reclaimed lumber revenue is expected to grow at a CAGR of 4.98% from 2024 to 2030, reaching nearly USD 7.15 Billion by 2030.
Global Reclaimed Lumber Market Overview:
Reclaimed lumber is processed wood that has been removed from its original use for future usage. The majority of recovered lumber is made from timbers and decking salvaged from ancient barns, factories, and warehouses, while other businesses reuse wood from unconventional constructions such as boxcars, coal mines, and wine barrels. Reclaimed or old timber is mostly utilized for decorating and house construction, such as siding, architectural elements, cabinets, furniture, and flooring.

The global reclaimed lumber market is expected to grow during the forecast period due to factors such as the rising demand for recycled materials as environmental consciousness grows. Also, the demand for these materials is increasing in parallel with innovations in the building industry. The demolition of residences and historic structures for repair and refurbishment has raised the demand for these materials. The growing use of lumber in interior design and wardrobe design has raised the global demand for salvaged timber. In the construction industry, a new trend in sustainable construction using Cross-Laminated Timber (CLT) has surfaced. The growing utilization of processed lumber in CLT products, as well as the growing inclination of engineers, architects, and developers for tall wooden buildings to minimize carbon footprint in the atmosphere, are expected to drive reclaimed lumber market growth.

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Global Reclaimed Lumber Market Dyanamics:
The abundance of vast hardwood resources within the North American continent:

The hardwood resources comprise about 57 percent of U.S. timberland acreage and nearly 72 percent of the eastern deciduous forest is owned by private landowners. The number of U.S. temperate hardwood species exceeds those available from other world regions. The U.S. has an abundant and growing hardwood resource, well-developed transportation systems, numerous seaports, a modern hardwood sawmilling industry, and very few impediments restricting hardwood logs and lumber exports. These, and other factors, afford the U.S. a comparative advantage in lumber production and exports.

Lumber Consumption In The United States By Product, 2010–2019 (Million m3)



Year
Softwood
Hardwood
Total


2010
58.275
11.516
69.791


2011
xx
xx
xx


2012
xx
xx
xx


2013
xx
xx
xx


2014
xx
xx
xx


2015
xx
xx
xx


2016
xx
xx
xx


2017
xx
xx
xx


2018
xx
xx
xx


2019
xx
xx
xx



Growing output of the UNECE region in the global wood supply

Countries in the UNECE region play an important role in the global supply of timber, contributing 60% of the total. Notably, seven countries in the region are among the top ten industrial roundwood exporters in the world. In 2019, the Czech Republic emerged as the third largest exporter of industrial pellets, with 15 million square meters of conifers pellets, while the United States declined from third in 2018 in the sixth place.

The most significant increases in European timber production over the past two years were in the Czech Republic (up 50% from 2017 to 25.5 million sqm in 2019) and Germany (up 23% from 2017 to million 53 sqm in 2019). ) have been identified, mainly to save harvesters of trees affected by bark beetles, which benefit domestic industries and forest products producers in neighboring countries and China.

Some of the largest flows through Europe in 2019 were from the Czech Republic to Austria-Germany, Norway to Sweden, Poland to Germany and Germany to Austria. China, the biggest beneficiary of surplus European timber in 2019, has shifted its timber from North America and the Russian Federation to Oceania and Europe, with its imports from Europe increasing 20-fold a year Between 2017 and 2019.

Growing imports of tropical timber within the European Union:

In 2020, the EU and the UK together will import 1,093,600 tonnes of primary tropical wood and 175,800 tonnes of secondary tropical wood to Belgium and country a it imports the most specialized tropical timber, followed by France, . The Netherlands, Italy, the United Kingdom, Germany and Spain. These are the seven main importers of tropical timber products into the EU and together account for almost 90% of all EU imports.

France is the second largest importer of tropical trees, followed by the Netherlands, Germany, Belgium, the United Kingdom, Italy and Spain. These are the seven main EU importers of tropical secondary wood options, accounting for around 92% of total EU imports with Portugal, Denmark and Greece accounting for 68 together % of the remainder. Italy and Spain, the two countries that represent the bulk of tropical wood imports, import secondary tropical wood is very low.

Sawn Wood Production, Imports, Exports, Net Apparent Consumption, And Traded Unit Value, UNECE Sub-region (Sawn Softwood)




2015
2016
2017
2018
2019


Production (1,000 m3)
104,479
108,418
110,972
112,740
113,422


Imports (1,000 m3)
xx
xx
xx
xx
xx


Exports (1,000 m3)
xx
xx
xx
xx
xx


Consumption (1,000 m3)
xx
xx
xx
xx
xx


Import unit value ($/m3)
xx
xx
xx
xx
xx


Export unit value ($/m3)
xx
xx
xx
xx
xx



Note: Final report also imcorpotaed Sawn Hardwood Values from 2015 to 2019.

Increasing construction activity by using reclaimed lumber across the globe

The construction sector is thriving in many countries, including China and other emerging economies because of the economic progress they have made in recent decades. The construction sector is one of the largest industries in the world, with an estimated size of USD 10 trillion, and the use of reclaimed lumber in such a vast industry with many applications will boost the growth of the Reclaimed Lumber market during the forecast period. As sustainable building becomes more and more prevalent in the construction industry, builders and homeowners are experimenting more with different types of building materials.

Reclaimed lumber is considered more of a specialty product rather than a practical solution to large-scale wood flooring and siding projects. However, as it becomes more and more popular different contractors are starting to use reclaimed lumber for different kinds of projects. Customers drawn towards contractors or builders who can help to save the environment. Sustainable building is a growing trend and recycled wood is one of the keys to creating environmentally friendly buildings. Thanks to the increasing construction activity across the world is expected to increase the Reclaimed Lumber market demand during the forecast period.
The high cost of Reclaimed Lumber may hamper the growth of the Reclaimed Lumber market

Reclaimed wood costs more than buying new wood from a hardware store. Reclaimed lumber used for flooring is between $9 and $15 per square foot, depending on the type of wood. The next major factor hampering the price of reclaimed lumber is the process that is required to acquire it and prepare it for sale. This process can vary significantly based on the age of the wood and the environment it has been in. Thus, the high manufacturing cost of reclaimed lumber is hampers the Reclaimed Lumber market growth.
Global Reclaimed Lumber Market Segment Analysis:
Based on the Application segment, global Reclaimed Lumber industry is segmented by Flooring, Paneling & Siding, Beams & Boards, Furniture and Others. The furniture segment of the Reclaimed Lumber market held the revenue share of 38.08% in 2023 and is expected to witness significant growth during the forecast period. High demand for antique furniture and custom-manufactured furniture such as chairs, shelves, etc. is expected to drive the segment growth during the forecast period. The others application segment includes architectural millwork and small item manufacturing, including gift boxes and slingshot handles. Small-item manufacturing requires small wood pieces, which can be easily obtained from reclaimed wood. The material used is often inexpensive; however, the product cost is usually high because of the high labor costs.

Based on the End User segment, Global Reclaimed Lumber industry is segmented by Industrial, Commercial and Residential. The commercial end-user segment dominated the market in 2023 and accounted for 57.47% of the global revenue share. The segment is expected to witness the fastest CAGR during the forecast period. Reclaimed lumber has several applications in the commercial sector, including wall coverings, flooring, tabletops, seats, and light fixtures. The product is ideal for its rustic design and unique look. The design aesthetic helps to disguise the wear and tear in high-traffic spaces, which is common in the commercial sector. Moreover, Reclaimed lumber usage for interior applications offers uniqueness to the design, which is often preferred by the operators.
Global Reclaimed Lumber Market Regional Insights:
The Reclaimed Lumber market size in North America stood at USD 12426.27 Million in 2023. The U.S. occupies the highest market share in the region. The growing demand for reclaimed lumber from residential and industrial segments is fueling the market growth in the region. The Growing trend of wooden houses in North America and the adoption of highly efficient building methods and good energy-efficiency materials are also expected to increase the market growth in the region.

The Asia-Pacific region has the greatest potential for growth in the Global Reclaimed Lumber market. The Reclaimed Lumber market size in Asia-Pacific stood at USD 10820.92 Million in 2023. The rapidly developing economies are giving attention to their increasing carbon footprints is the factor supporting the regional market growth. The increasing initiatives for the reuse of reclaimed lumber to decrease the cut down of new trees in place of mindful use of available resources are additionally propelling the regional value. Moreover, the growing commercial sector and their simultaneous efforts for the protection of the environment by performing required things such as the use of old woods as well as mindful disposal of used ones of their own. Flourishing tourism has led to growing requirements for restaurants and food chains in the Asia Pacific region, which is expected to fuel the Reclaimed Lumber Market demand during the forecast period.
Market Share Insights
Key Players in the global Reclaimed Lumber market primarily compete based on product quality, customer service, and product price. Manufacturers are focusing on providing high-quality materials and follow a focused cost leadership. Many key players try to gain a competitive advantage based on competitive prices, the wide selection of materials, and turnaround time. However, Reclaimed Lumber companies across every stage of the value chain face limitations on the expansion of their geographical scope because of the increasing transportation costs.



Global Reclaimed Lumber Market Recent Developments:

1. In January 2020, USA Millwork completed the acquisition of Mission Bell, a prominent architectural millwork manufacturer located in Northern California. This strategic acquisition serves to enhance USA Millwork's national platform by providing contractors and engineers with increased capacity, expanded capabilities, and access to industry-leading practices. With the addition of Mission Bell, USA Millwork now operates from five locations spanning the entirety of the U.S. Collectively, these facilities encompass an impressive manufacturing footprint of nearly 400,000 square feet.

2. In September 2020, the UK government launched the ‘Green Homes Grant Programme, which aimed to encourage energy-efficient development in residential buildings. This program provides financial assistance to homeowners to make their homes more sustainable and reduce their carbon footprint. The scheme is expected to boost demand for reclaimed timber in the country.

Global Reclaimed Lumber Market Key Findings:

1. The United States is the largest producer and consumer of industrial roundwood and sawdust in the world. The United States is the world's leading producer and consumer of industrial roundwood, the world's leading producer of pulp and pulp a they are used to make wooden planks, and they are used to make wooden planks wooden boards, wood chips, paper and cardboard wooden planks. In 2019, approximately two-thirds of solid wood products were consumed in the following applications: housing repair, new housing units and remodelling, non-residential buildings, non-building structures non-residential, and non-residential alterations and renovations. These end-uses accounted for over 70% of all timber, 79% of total structural panels, and 29% of total non-structural panels used.

2. The EU and the UK imported 1,093,600 tonnes of primary tropical wood goods & 175,800 tonnes of secondary tropical timber products in 2020. France, the Netherlands, Italy, the United Kingdom, Germany, and Spain are the top importers of main tropical wood products. These are the seven biggest importing nations of primary tropical wood products in the EU, accounting for over 90% of total EU imports. The Netherlands, Germany, Belgium, the United Kingdom, Italy, and Spain are the top importers of secondary tropical wood products. These are the seven most important importing nations in the EU for selected secondary tropical wood products, accounting for around 92% of total EU imports.

3. As a result of its rising national economy, China has emerged as the world's leading importer and exporter of forest products. China is still the world's largest user, importer, and exporter of wood. China accounted for roughly 30% of all reported forest product imports by net weight in 2020, as well as 70% of reported log imports from tropical forested nations. China's rapid economic expansion and rising living standards, along with the country's massive export-oriented timber sector, have resulted in a surge in demand for wood - both solid wood (timber) and wood fibre in the form of pulp and paper (P&P) goods. Government stimulus packages for wood processing, exports, and housing and infrastructure development have fueled this growth.

MMR Reclaimed Lumber Market Report Offers

The MMR Reclaimed Lumber Market Report provides comprehensive import-export data from 2021 to 2023, offering a clear view of the market scenario. This data allows stakeholders to understand trade dynamics and market trends. Additionally, the report includes detailed pricing information for Global Underwater Reclaimed Lumber by application from 2017 to 2021, measured per square foot. This historical pricing data helps in analyzing cost trends and market fluctuations. Furthermore, the report features a forecast of the Global Reclaimed Lumber Market size, projected in million square meters by type, from 2021 to 2029, based on volume. By examining this data, readers can gain insights into the market's growth trajectory, potential demand for different types of reclaimed lumber, and the overall market outlook. This information is crucial for making informed business decisions and strategic planning in the reclaimed lumber industry.
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Reclaimed Lumber Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 5.09 Bn.


Forecast Period 2024 to 2030 CAGR:
4.98%
Market Size in 2030:
US $ 7.15 Bn.


 Segments Covered:
by Application
Flooring
Paneling & Siding
Beams & Boards
Furniture
Others


by End User
Residential
Commercial
Industrial


by Type
Underwater Reclaimed Lumber
Other



Reclaimed Lumber 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)
Leading Global Reclaimed Lumber Market Key Players:
1. AltruWood, Inc.
2. Beam & Board, LLC
3. Carpentier Hardwood Solutions NV
4. Elemental Republic
5. Elmwood Reclaimed Timber
6. Heritage Lumber
7. IMONDI FLOORING
8. Jarmak Corporation
9. Longleaf Lumber Inc.
10. Olde Wood, Ltd.
11. Recycling The Past
12. TerraMai
13. TerraMai
14. Trestlewood
15. True American Grain Reclaimed Wood.
16. Vintage Timberworks Inc.

FAQs:
1. What are the growth drivers for the Global Reclaimed Lumber market?
Ans. The emergence of biophilic designs in the global architectural industry is expected to be the major factor driving the Global Reclaimed Lumber market.

2. What are the factors restraining the global Global Reclaimed Lumber market growth during the forecast period?
Ans. Rising lumber prices and limited supply is expected to be the major factors restraining the global Global Reclaimed Lumber market growth during the forecast period.

3. Which region is expected to lead the global Global Reclaimed Lumber market during the forecast period?
Ans. North America is expected to lead the global Global Reclaimed Lumber market during the forecast period.

4. What is the projected market size and growth rate of the Global Reclaimed Lumber Market?
Ans. The Global Reclaimed Lumber Market size was valued at USD 5.09Billion in 2023 and the total Global Reclaimed Lumber revenue is expected to grow at a CAGR of 4.98% from 2024 to 2030, reaching nearly USD 7.15 Billion by 2030.

5. What segments are covered in the Global Reclaimed Lumber Market report?
Ans. The segments covered in the Global Reclaimed Lumber market report are Application, Type , End User and Region.