About Modified Wood
Modified wood is processed by chemical treatment, compression, or other means, with or without heat, to impart permanent properties quite different from those of the original wood. Modification is applied to overwhelm the weak points of the wood material which are mainly associated to moisture sensitiveness, low dimensional stability, hardness and wear resistance, low resistance to bio-deterioration against fungi, termites, marine borers, and low resistance to UV irradiation. The demand for eco-friendly modified woods is being shaped by rising concerns about global warming, the ongoing devastation of the world’s hardwood forests, and the reckless harvesting of both soft- and hardwood forests. Furthermore, as sustainability becomes a bigger concern, the environmental impact of construction and interior materials should be included in planning by considering the entire life cycle and embodied energy of the materials used. Hence, wood modification has been implemented to enhance the intrinsic properties of wood, expanding the range of sawn timber applications, and acquire the form and functionality desired by engineers, without disturbing environment
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.0% |
Market players are focusing on providing modified wood with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified modified wood. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Analyst at AMA Research estimates that United States and Finnish Vendors will contribute the maximum growth to Global Modified Wood market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kebony (Norway), Accsys Technologies (United Kingdom), Coillte Panel Products (Ireland), Houthandel Lambert van den Bosch (Netherlands), Metsa Wood (Finland), SWM-Wood Ltd (Finland), Arbor wood Co (United States), CFP Woods (Canada), Thermory AS (Estonia) and Munchinger (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hoover Treated Wood Products (United States), Lunawood (Finland) and Flameproof Companies (United States).
Segmentation Overview
AMA Research has segmented the market of Global Modified Wood market by Type (Thermally Modified Wood and Chemical Modified Wood), Application (Interior Applications and Exterior Applications) and Region.
On the basis of Type, Thermally Modified Wood are dominating the market in the year 2023 where as Chemical Modified Wood stood as second largest market share.
On the basis of application, Interior Applications segment is dominating the market in the year 2023 where as Exterior Applications segment stood as second largest market .On the basis of geography, the market of Modified Wood has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Process, the sub-segment i.e. Thermal Treatment will boost the Modified Wood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Modified Wood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising development of high quality modified wood applications
Market Growth Drivers:
Growing government initiatives to promote the use of wood in construction and renovation sector and Increasing urban population requires large number of new construction projects
Challenges:
Strict regulations limiting the use of toxic materials used to protect wood from biological and other chemical attacks
Restraints:
Increase in demand for low-maintenance building products
Opportunities:
Rise in new construction projects in emerging economies
Market Leaders and their expansionary development strategies
In February 2024, BM TRADA announced a new programme of technical timber webinars which will be delivered throughout a total of nine webinars will be split into three series – all of which are free-to-attend and will be hosted by a number of the UK’s leading technical timber experts.
In May 2021, Accoya wooda has installed new wood acetylation reactor at the its production facility for Accoya wood in Arnhem, the Netherlands. with this new business development, the annual production is expected to increase from ~60,000m3 to ~80,000m3 per year.
Importation of Wood Packaging Material Rule: and All wood packaging material entering or transiting the United States excepts wood of Canadian origin entering from Canada, must be heat-treated or fumigated and be marked with an approved logo certifying that it has been appropriately treated
Key Target Audience
Modified wood manufacturers, Raw material producers and suppliers, Modified wood distributors and traders, End-use sectors, Government and R&D institutions, Market research and consulting firms and Associations and industry bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.