Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Engineered
Wood Market makes an offering of in-depth analysis of segments and sub-segments
in the regional and international Engineered Wood Market. The research also
emphasizes on the impact of restraints, drivers, and macro indicators on the regional
and global Engineered Wood Market over the short as well as long period of
time. A detailed presentation of forecast, trends, and dollar values of global Engineered
Wood Market is offered. In accordance with the report, the global Engineered
Wood Market is projected to expand at a CAGR of 15.82% over the period of
forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Engineered Wood,
or man-made or composite wood, is made by using wastes such as rice straw,
sawmill waste, sugarcane waste, and other wood waste. Engineered Wood is
majorly used as a substitute for concrete and hardwood. Also, it acts as an
alternative of steel in beams, in various construction projects globally.
Engineered Woods
are used in various industries, often in applications similar to solid wood
products. They are available in various sizes and shapes, making it an ideal
product to use for construction, industrial and home application. It is also
cost efficient, highly sustainable and environment friendly in nature. Many
organizations have set new regulations and norms with regards to the emission
of CO2, deforestation and promotion of green life which is majorly driving the
global Engineered Wood market in the forecast period. Less energy is required
for manufacturing engineered wood as compared to steel and concrete, which
makes is a natural choice for sustainable designs.
However, certain
engineered wood like particle boards may not be appropriate for outdoor use, as
they may be weaker and prone to humidity –induced warping as compared to solid
wood. Also they might readily soak in water making it difficult to use in harsh
weather conditions. Manufacturers are constantly facing challenges with regards
to fire resistance and durability issues of engineered wood. These factors
together may restrain the growth of global Engineered Wood market in the
forecast period. Additionally, the use
of toxic products like Urea-formaldehyde in adhesives, may also act as a major
challenge for this market.
Due to highest
production and consumption of glulam in countries like Germany, Austria and
Finland, the region of Europe is expected to dominate the global Engineered
Wood market in the forecast period. This market is expected to influence
majorly by the furniture and housing sector, which might make Asia Pacific
region a dominating market in the future, due to increase in their housing
owing to large growth in population specially in countries like India, Japan
and China.
Constant product
development and innovation is practiced by manufacturers across the globe, by
using technologically advanced machine system to produce engineered wood,
thereby increasing the efficiency, quality and performance of the product.
Segment Covered:
This market
intelligence report on the global Engineered Wood Market encompasses market
segments based on product type, application and country/regions.
In terms of type, the global Engineered Wood Market
is segregated into
§ Plywood
§ Laminated Veneer Lumber
§ Fiberboard
§ Glulam
§ I-beams
§ Oriented Strand Boards
§ Cross Laminated Timber
§ Others
By application, the global Engineered Wood Market is also classified into,
§ Residential Construction
§ Commercial Construction
§ Industrial Construction
By country/region, the global Engineered Wood Market has been divided into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Celulosa Arauco Y Constitution
§ WeyerHaeuser Company
§ Boise Cascade Company
§ Roseburg Forest Product Company
§ Shenzhen Risewell Industry Company
§ Louisiana Pacific Corporation
§ Lowes Companies Inc.
§ Georgia Pacific Wood Product LLC
§ Universal Forest Products Inc.
§ 84 Lumber Company
§ Home Depot
§ SCM Group
§ Cefla Finishing Group
§ Huber Engineered Wood LLC
§ Rockshield Engineered Wood Products LLC
§ Kahrs Group
§ Nordic Structure
§ Patrick Industries Inc.
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Engineered Wood related investment & spending
and developments by major players of the market are tracked in this global
report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Engineered Wood Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Engineered Wood Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Celulosa Arauco Y
Constitution, Weyerhaeuser Company, Boise Cascade Company, Rosebug Forest
Product Company, Shenzhen Risewell Industry Co. Ltd, Louisiana Pacific
Corporation, Lower Companies Inc., Georgio Pacific Wood Products, Universal
Forest Products Inc., 84 Lumber Company, Huber Engineered Wood LLC., Patrick
Industries, Rockshield Engineered Wood products, Home Depot, Kahrs Group,
Nordic Structures, SCM Group, Cefla Finishing Group and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Engineered Wood Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for Engineered Wood Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Engineered Wood Market
v
Identification
of key factors driving investment opportunities in the Engineered Wood Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants