Trends, Drivers and Vendor Forecasts for 2021-2025
Accelerating at a CAGR of 6%, the engineered wood products market is expected to post an incremental growth of 6985.34 mn ft3 over the next five years. Boise Cascade Co., Celulosa Arauco y Constitucion SA, J M Huber Corp., Louisiana-Pacific Corp., Lowes Companies Inc., Patrick Industries Inc., Raute Corp., Roseburg Forest Products Co., West Fraser Timber Co. Ltd., and Weyerhaeuser Co. are among the key market players.
The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Engineered Wood Products Market: Market Segments and Key Trends
The Engineered wood products market is segmented by Type (Structural wood I-beams, Glued laminated timber, LVL, and Others) and Geography (Europe, North America, APAC, MEA, and South America). Europe led the market with 31% of the market growth set to originate from this region during the forecast period.
High volatility in raw material prices is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Engineered Wood Products Market: Top Drivers to Boost Demand
Increasing residential and commercial construction is one of the primary factors driving the growth of the engineered wood products market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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Engineered Wood Products Market: Top Geographies and Market Highlights
Regional Growth Analysis and Market Trends 2021-2025
The engineered wood products market is set to post an incremental growth of 6985.34 mn ft3, accelerating at a CAGR of 6.41% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.
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Engineered Wood Products Market: Europe to lead market growth during the forecast period
Engineered Wood Products Market: Vendor Landscape
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Boise Cascade Co., Celulosa Arauco y Constitucion SA, J M Huber Corp., Louisiana-Pacific Corp., Lowes Companies Inc., Patrick Industries Inc., Raute Corp., Roseburg Forest Products Co., West Fraser Timber Co. Ltd., and Weyerhaeuser Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. For more insights on this market: Download a Free Sample Report