The Latin America, Middle East and Africa Oriented Strand Board Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
Thickness, strength, panel size, and rigidity can all be affected by changes in the production process. OSB panels have no internal gaps or cavities and can also be water-resistant, however, they require extra membranes to achieve water resistance and are not advised for outdoor use. The completed product has similar qualities as plywood but is more homogeneous and less expensive. OSB has a higher load-bearing capability than milled plywood panels when tested to failure. Throughout certain situations, it has supplanted plywood. While OSB does not comprise a continuous grain like actual wood, it does have an axis where it is strongest. This can be seen by looking at how the surface wood chips are aligned. All wood-based structural usage panels can be sliced and installed with solid wood-cutting and installation equipment.
There are various government initiatives and efforts that are underway in this region in order to bring development and urbanization across the regional countries. For example, according to the United Arab Emirates Ministry of Cabinet Affairs, the UAE government is focusing on increasing its efforts in order to expand the construction as well as housing sectors by implementing cutting-edge techniques and digital technology to improve project quality, safety, and sustainability while also ensuring timely completion. The Housing Working Group focused on significant global trends and the impact of technological and digital advancements in the housing industry at its meeting, which was held as part of the Second UAE Government Annual Meetings in Abu Dhabi. It targeted the methods for obtaining data from the Industrial Revolution in order to ensure construction projects' long-term viability, productivity, high quality, safety, and speed of completion.
The Brazil market dominated the LAMEA Oriented Strand Board Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $738.4 million by 2028. The Argentina market is poised to grow at a CAGR of 8.8% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 8% during (2022 - 2028).
Based on Application, the market is segmented into Construction, Furniture, Flooring, Packaging, and Others. Based on Grade, the market is segmented into OSB/3, OSB/4, OSB/2, and OSB/1. Based on End User, the market is segmented into Residential and Non-Residential. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Oriented Strand Board Market is Predict to reach $36.6 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include West Fraser Timber Co. Ltd., Louisiana-Pacific Corporation, Coillte, Egger Holzwerkstoffe GmbH, Arbec Forest Products, Inc., RoyOMartin, Georgia-Pacific LLC, Huber Engineered Woods LLC, Kronoplus Limited, and SWISS KRONO Group.
By Application
By Grade
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