The global orientedstrand board (OSB) market is expected to reach USD 71.2 million
by 2022, according to a new report by Grand View Research, Inc. Increasing
consumption of panels in various industrial applications on account of
properties including strength, workability, versatility, value, and reduced
formaldehyde emissions will drive demand over the forecast period.
High product need in various construction
applications including walls, roof panels, subfloors, structural insulation,
rimboards, underlayment, and floor joists owing to superior properties
including strength and durability will propel growth over the forecast period.
Mounting consumer interest in home decoration is expected to have a positive
impact on the industry over the next seven years. Furthermore, environmental
sustainability awareness among the consumers will fuel organic home furnishing
demand which in turn will augment product need over the next seven years.
Technological advancements with regard to
development of new manufacturing processes to reduce cost and raw material use
will create immense market potential over the forecast period. However, raw
material price volatility ad availability will challenge growth over the next
seven years.
Rising demand for leisure furniture in
various countries including Germany, the UK, France, U.S., Russia, Canada,
Vietnam, Saudi Arabia, UAE, Bahrain, Egypt, Singapore, Australia, China, India,
and Japan is expected to spur growth over the next seven years.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/oriented-strand-board-market
Further key findings from the report suggest:
·
Construction was the largest application
accounting for over 55% in 2014. Growing construction industry in emerging
economies of Asia Pacific coupled with increased infrastructure spending by
Indian and Chinese governments is a key factor responsible for high product
demand.
·
Packaging was valued over USD 1.5 million
in 2014. Various factors including increasing concern towards product presentation
and safety, development in the pharmaceutical sector, and growth in the
fast-moving consumer goods (FMCGs) sector for packaged products is expected to
spur product market over the next seven years.
·
Europe held significant market share
following North America in 2014 accounting for over 15.0% owing to large scale
use in various end-use industries over the past few years. In 2011, European
Commission implemented Construction Products Regulation program for ensuring
easy availability of reliable information for consumption of sustainable
products for contractors, architects and professionals.
·
Companies including Tolko, Georgia-Pacific
LLC, Kronospan, and Coillte show forward integration from raw materials to
manufacturing process. Various end-users of the products include HWP, Woodpak,
Thor Construction, and Ryan Companies. Companies are highly investing into
R&D for manufacturing effective and cost efficient products to cater to
growing consumer need.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
oriented strand board (OSB) market on the basis of application and region:
Oriented Strand Board (OSB) Application Outlook (Volume,
Million square Meters, Revenue, USD Thousand, 2012 - 2022)
·
Construction
·
Packaging
·
Others
Oriented Strand Board (OSB) Regional Outlook (Volume,
Million square Meters, Revenue, USD Thousand, 2012 - 2022)
·
North America
o U.S
·
Europe
o Germany
o U.K
·
Asia Pacific
o China
o India
·
Latin America
o Brazil
·
MEA
o Saudi Arabia
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release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-oriented-strand-board
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.