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As per the study initiated by Evolve Business Intelligence, the global Engineered Wood market size accounted for USD 300.2 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The global engineered wood market refers to the industry involved in the manufacturing and distribution of engineered wood products. Engineered wood, also known as composite wood or man-made wood, is a type of wood product that is made by binding or laminating strands, particles, fibers, or veneers of wood together with adhesives to create a strong and durable material. Engineered wood products offer several advantages over traditional solid wood, including increased dimensional stability, enhanced strength and durability, and improved resistance to moisture and warping. These qualities make engineered wood a popular choice in various applications, including construction, furniture manufacturing, flooring, and packaging. The engineered wood market is driven by factors such as the growing demand for sustainable and eco-friendly construction materials, the need for cost-effective alternatives to solid wood, and the increasing adoption of engineered wood in various applications. Engineered wood products offer advantages such as improved resource utilization, reduced waste, and enhanced structural performance, which align with the sustainability goals of many industries.
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Key Highlights:
The global Engineered Wood Market size was valued at USD 2 billion in 2022 growing at a CAGR of 7.2% from 2023 to 2033. Asia Pacific dominated the market in 2022 North America is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Engineered Wood Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Engineered Wood market report also includes the following data points:
COVID19 Impact on Engineered Wood market size End-User/Industry/Application Trend, and Preferences Government Policies/Regulatory Framework Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies Opportunity in Engineered Wood market
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Key Players
Some of the major Engineered Wood players holding high market share include Boise Cascade Company, Celulosa Arauco Y Constitucion SA, Huber Engineered Woods LLC, and Louisiana-Pacific Corporation (LP). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
Boise Cascade Company Celulosa Arauco Y Constitucion SA Huber Engineered Woods LLC Louisiana-Pacific Corporation (LP) Norbord Inc. Patrick Industries, Inc. Raute Group Shenzhen Risewell Industry Co., Ltd Universal Forest Products, Inc. Weyerhaeuser Company
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Engineered Wood Market:
.I-Beams Plywood Laminated Veneer Lumber (LVL) Glulam (Glued Laminated Timber) Oriented Strand Boards (OSB) Cross-laminated timber (CLT) Others
Market Segment By Application with focus on market share, consumption trend, and growth rate of Engineered Wood Market:
Construction Furniture Flooring Packaging Others
Market Segment By end-user with a focus on market share, consumption trend, and growth rate of the Engineered Wood Market:
Residential Commercial & Industrial
| Parameters | Details |
| Market Size (2022) | $ 300.2 Billion |
| CAGR (2023 to 2033) | 7.2% |
| Market Segmentation | Type, Application, End User |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Engineered Wood Geographic Coverage:
North America Europe UK Germany France Italy Spain Nordic Countries Benelux Rest of Europe
Asia Pacific China Japan India South Korea Indonesia Malaysia Australia Rest of Asia Pacific
Middle East and Africa Saudi Arabia UAE Egypt South Africa Rest of MEA
Latin America Mexico Brazil Argentina Rest of Latin America
Reasons to Buy this Report:
Detail analysis of the impact of market drivers, restraints, and opportunities Competitive Intelligence provides an understanding of the ecosystem Details analysis of the Total Addressable Market (TAM) of your products Investment Pockets and New Business Opportunities Demand-supply gap analysis Strategy Planning
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