Oriented Strand Board Market - Forecast(2024 - 2030)
Overview
Oriented Strand Board Market size is
forecast to reach $27.10 billion by 2025, after growing at a CAGR of 13.9% during
2020-2025. Superior and beneficial properties
such as low cost, high strength and long-life for OSBs are anticipated to spur
demand. The terahertz technology is used for moisture and wood density
measurement is anticipated to develop advanced products. Due to its
sensitivity to the internal structure of the fibre, the device is more used to
measure the fiber orientation of OSBs. Further, enhance the overall market demand
for Oriented Strand Board during the forecast period.
Oriented strand board (OSB) is a type of engineered wood similar to particle board, formed by adding adhesives and then compressing layers of wood strands (flakes) in specific orientations.
Report Coverage
The report: “Oriented Strand Board Market – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Oriented Strand Board
Industry.
Key Takeaways
- Oriented Strand Board are an affordable choice for building homes. OSB costs USD 800 less than plywood for a standard 2400 sq. ft. home according to the National Association of Certified Home Inspectors (NACHI).
- When it comes to floor tiles, wood panels are considered relatively more costly than OSB. OSB floors are more convenient than hardwood because they lead to home interior design in a more organic and decorative way. In addition, the entire area with hardwood is quite expensive to the floor. Enhances, the market demand for Oriented Strand Board during the forecast period.
- OSB market is anticipated to drive the growing construction industry through the forecast period.
Grade - Segment Analysis
OSB/1 segment held the largest
share in the Oriented Strand Board Market in 2018. Because of its use in
various applications, including interior fitment of residential and commercial
buildings like decking Particleboard, the OSB/1 type is used extensively.
OSB/1 can also be adjusted to accommodate specific thickness, density, panel
size texture of the layer, strength, and stiffness. Therefore, designers and
contractors embrace and prefer OSB/1.
Application - Segment Analysis
Construction sector
has been the primary market for Oriented Strand Board is growing at a CAGR of 6.17%.
Wood panels are crucial in construction industries, used
as roofs, floors, walls, beams, doors, staircases, etc. has high
structural durability. They produce a stronger and stiffer panel in OSB panels
than other products used in similar construction types. The material
removes rings and knots, thus enhancing consistency. Its structure provides OSB
with a high level of strength, which makes it suitable for a wide range of
applications, especially in load-bearing applications. In various emerging economies
of the Asia-Pacific and South American regions, the building and construction
sectors are currently a thriving industry, which is expected to promote OSB
use, minimizing infrastructure failures.
Geography - Segment Analysis
North America dominated the Oriented
Strand Board Market with a share of more than 45.4%, followed by APAC and
Europe. With a per capita income of USD 62,500 in 2018, the US is the
largest and most powerful economy in the world. In 2018, the economy grew at
2.9% and is projected to fall to 2.3% in 2019. In the US, the construction
industry was estimated at US$ 1293,256 million in 2018, according to the US
Census Bureau. Approximately USD 545,388 million was valued in the residential
sector and USD 747,868 million was attributed to the non-residential
sector. The residential and non-residential sectors had seen 2.58% and 4.69%
respectively, from 2017 to 2018. The overall value of the US construction
industry grew by 3.7% over the period from 2017 to 2018. The growth of the construction
sector is expected to significantly increase demand for the Oriental Standard
Board during the forecast period.
Drivers – Oriented Strand Board Market
·
Rising imports and exports
demand to package
Increasing imports and exports
are expected to create enormous packaging demand. Increasing focus
on economic efficiency and increased demand for recycled packaging
materials, in pallet and box form, over the projected timeframe, to drive
demand for product consumption. The product is used for many other applications,
including the decoration of the interior and furnishings. High features such as
humidity resistance, durability and long-lasting, are anticipated to accelerate
demand for interior design applications. However, the OSBs are lightweight and
their demand for furniture applications is further increased.
Challenges – Oriented Strand Board Market
·
Increasing construction
infrastructure
The growing demand for wood
panels for interior design and furniture applications has increased as a result
of the growth of construction infrastructure. High preference for OSB, owing to
its low cost led to an increase in industry player’s investment incapacity
expansion and acquisitions to meet the increasing demand. The presence of
several well-established companies considerably reduce the chances of new
firms in the market. Therefore, the entry of new companies can be further
discouraged by high capital costs and a dependency on the varying annual growth
of consumers
Market Landscape
Technology launches, acquisitions, and R&D
activities are key strategies adopted by players in the Oriented Strand Board
market. In 2018, the market of Oriented Strand Board has been consolidated by the
top five players accounting for xx% of the share. Major players in the Oriented
Strand Board Market are Sonae Indstria, SGPS, S.A., EGGER Group, COILLTE,
Kronopspan, SWISS KRONO Group, Norbord, Tolko Industries Ltd.,
Louisiana-Pacific Corporation, Georgia-Pacific, Weyerhaeuser, among others.
1.1 Definitions and Scope
2. Oriented Strand Board Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Oriented Strand Board Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Oriented Strand Board Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Oriented Strand Board Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Oriented Strand Board Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Oriented Strand Board Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Oriented Strand Board Market - By Product Type (Market Size -$Million / $Billion)
9. Oriented Strand Board Market - By Grade (Market Size -$Million / $Billion)
9.1 OSB/1
9.2 OSB/2
9.3 OSB/3
9.4 OSB/4
10. Oriented Strand Board - By End-use Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Furniture
10.3.1.1 Residential
10.3.1.2 Commercial
10.3.2 Construction
10.3.2.1 Floors & Roofs
10.3.2.2 Walls
10.3.2.3 Door
10.3.2.4 Columns & Beams
10.3.2.5 Staircase
10.3.2.6 Others
10.3.3 Packaging
10.3.3.1 Food & Beverages
10.3.3.2 Industrial
10.3.3.3 Pharmaceutical
10.3.3.4 Cosmetics
10.3.3.5 Others
10.3.4 Others
11. Oriented Strand Board - By Geography (Market Size -$Million / $Billion)
11.1 Oriented Strand Board Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Oriented Strand Board- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Oriented Strand Board- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Oriented Strand Board - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Oriented Strand Board - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Oriented Strand Board Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Oriented Strand Board Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Oriented Strand Board Market - Key Company List by Country Premium
15. Oriented Strand Board Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Arbec Forest Product Inc
15.3 Coillte
15.4 Egger Group
15.5 Huber Engineered Wood Llc
15.6 Kastamonu Entegre
15.7 Kronospan Limited
15.8 Louisiana-Pacific Corporation
15.9 Norbord Inc
15.10 Pacific Wood Product Llc
15.11 Royomartin Lumber Company
15.12 Sonae Industria, Sgps, Sa
15.13 Tolko Industry Ltd
15.14 Weyerhaeuser Company
15.15 Company 14
15.16 Company 15 & More
16.1 Abbreviations
16.2 Sources
17. Oriented Strand Board Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends