Industry Background:
Less wood wastage in the manufacturing of OSBs is expected to emerge as one of the major factors driving the global Oriented strand board (OSB) market in the forecasted period. Oriented strand board (OSB) is a kind of engineered wood, which is manufactured in cross-oriented layers to form stiff, strong, structural panels. OSB is also called a sterling board, flakeboard, and aspenite. The structured panels are formed by the composition of thin rectangular-shaped wood strands arranged in layers at right angles to on-another. The construction industry extensively uses this board in a range of products ranging from squeak-free floors to solid wall and roofs sheathing.According to AMA, the market for Oriented Strand Board is expected to register a CAGR of 6.2% during the forecast period to 2026. This growth is primarily driven by Increasing Demand due to cost-effective alternative for home construction and Growing Construction Sector Worldwide.
Globally, a noticeable market trend is evident Rising Prominence of OSB, as a Substitute to Plywood
. The Construction Materials sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Arbec Forest Products Inc. (Canada), Coillte (Ireland), EGGER Group (Austria), Georgia-Pacific Wood Products LLC (United States), Huber Engineered Woods LLC (United States), Kronospan Limited (United Kingdom), KronoSwiss (Switzerland), Louisiana-Pacific Corporation (United States), Norbord Inc. (United States) and RoyOMartin Lumber Company (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing Demand due to cost-effective alternative for home construction
- Growing Construction Sector Worldwide
Market Trend
- Rising Prominence of OSB, as a Substitute to Plywood
- Growing Demand for Green Building Materials in Construction Industry
Restraints
- Fluctuations in Raw Material Costs Associated with Oriented strand board (OSB)
Opportunities
Growing Application of OSB in Structural Insulated Panels and Introduction of Terahertz Technology for the Measurement of Moisture and Density Levels of Wood
Challenges
Emissions of Volatile Organic Compounds (VOCs), like Formaldehyde
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Oriented Strand Board Study Sheds Light on
The Oriented Strand Board Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Oriented Strand Board industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Oriented Strand Board industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.