According to a new report, published by KBV research, The Global Oriented Strand Board Market size is expected to reach $36.6 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Furniture segment is showcasing a CAGR of 5.7% during (2022 - 2028). The furniture segment comprises all businesses and activities that are involved in the design, production, distribution, and sale of utilitarian and ornamental household items. Because of the increased use of roof sheathing, decks, walls, and structural insulated panels, the growth of this segment is estimated to rapidly increase due to the rapid urbanization all over the world.
The OSB/3 segment acquired maximum revenue share in the Global Oriented Strand Board Market by Grade in 2021, thereby, achieving a market value of $15,109 million by 2028. The rapidly surging growth of this segment is owing to its heavy-duty load-bearing capacity. It is extensively consumed in hot and humid climates all over the world. Moreover, the demand for OSB/3 grade is also surging in the construction industry, due to which, the growth of this segment is being propelled.
The Non-Residential segment has shown growth rate of 5.9% during (2022 - 2028). The increasing growth of the segment is attributed to the increasing utilization of oriented strand board across various offices and other companies in order to offer a better presentation to their clients.
The North America market dominated the Global Oriented Strand Board Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12,424.2 million by 2028. The Europe market is estimated to grow at a CAGR of 4.6% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 6.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/oriented-strand-board-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
By End User
By Geography
Companies Profiled
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