According to the latest report by IMARC Group, titled “Global Oriented Strand Board Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global oriented strand board (OSB) market reached a volume of 31.86 Million Cubic Meters in 2021. Looking forward, IMARC Group expects the market to reach a volume of 42.07 Million Cubic Meters by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Oriented strand board refers to an engineered, stiff, strong wood-based panel. It is manufactured by heat curved waterproof adhesives in cross-oriented layers. OSB is widely utilized for staircase, wall sheathing, floor underlayment, tailor liners, subflooring and recreational vehicles due to its cost-effectiveness, improved moisture resistance, versatility and toughness.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Oriented Strand Board Market Trends and Drivers:
One of the primary factors driving the market is the surging demand for OSB in the construction industry to provide structural durability. Additionally, the introduction of customized, light-weight, and waterproof OSB that aids in water absorption and prevents moisture buildup is propelling the market growth.
Besides this, the rising environment-consciousness among individuals, increasing number of green building constructions and growing need for eco-friendly building resources are escalating the product demand. Furthermore, OSB is utilized as an alternative for steel and concrete building materials.
Along with this, the extensive application of OSB for packaging numerous items, including pharmaceuticals, food and beverages (F&B), and cosmetics, is positively influencing the market growth.
| Oriented Strand Board Market Report Scope | |
| Report Coverage | Details |
| Market volume in 2021 | 31.86 Million Cubic Meters |
| Market forecast in 2027 | 42.07 Million Cubic Meters |
| Growth Rate | CAGR of 4.60% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
Global Oriented Strand Board Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, grade, application and end user.
Breakup by Grade:
- OSB/1
- OSB/2
- OSB/3
- OSB/4
Breakup by Application:
- Construction
- Furniture
- Flooring
- Packaging
- Others
Market Breakup by End User:
- Residential
- Non-residential
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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