Oriented Strand Board Market Size 2022 | Growth, Trends, Analysis 2027

The latest research study “Oriented Strand Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global oriented strand board (OSB) market size 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 (OSB) is an engineered wood panel made up of waterproof heat-cured adhesives and rectangularly shaped wood strands arranged in cross-oriented layers. It is widely used for floor underlayment, wall sheathing, roof cover, staircase, trailer liners, subflooring, and recreational vehicles. It is manufactured in several grades, which offer numerous benefits such as versatility, toughness, cost-effectiveness, improved moisture resistance, and excellent dimensional stability. As a result, OSB finds extensive applications across several industrial verticals, including construction, furniture, flooring, and packaging for various applications in modular kitchens, bookshelves, floors, walls, doors, tables, benches, boats, and wardrobes.

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Oriented Strand Board Market Trends and Drivers:

The market is primarily driven by the expanding construction sector across the globe. OSB is widely adopted across residential and non-residential buildings in squeak-free floors, solid walls, and roof sheathing. Along with this, the growing product utilization in the construction of floors, roofs, columns, doors, staircases, and beams is contributing to the market growth.

Besides this, various technological advancements, including the launch of customized, lightweight, and waterproof OSB, which aids in water absorption and prevent moisture build-up, are providing a positive thrust to the market growth. Furthermore, the rising utilization of the board for packaging applications in food and beverages (F&B), pharmaceuticals, and cosmetic industries, due to its durability, humidity resistance, and long-lasting properties, is also propelling the market growth.

Moreover, extensive research and development (R&D) activities conducted by key players to introduce enhanced wall and roof sheathing for tight building envelopes are creating a positive market outlook.

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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.

Oriented Strand Board Companies:

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

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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