Oriented Strand Board Market by Application and Geography - Forecast and Analysis 2022-2026
| Published: Jun 2022 | Pages: 130 | SKU: IRTNTR73680 |
Oriented Strand Board Market Forecast Report 2022-2026
The oriented strand board (OSB) market share is expected to increase to USD 34.04 billion from 2021 to 2026, and the market's growth momentum will accelerate at a Compound annual growth rate (CAGR) of 12.25%. The growth of the market depends on factors such as increasing residential and commercial construction activities, superior and beneficial properties of OSBs, and rising use of bioadhesives as an alternative to PF and pMDI resins.
What will the Market Size be During the Forecast Period?
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Key Drivers, Trends, and Challenges
The increasing residential and commercial construction activities is notably driving the market growth, although factors such as uncertainties in construction projects may impede the market growth.
Key Driver
The increasing residential and commercial construction activities is one of the key drivers supporting the market growth. The growth in residential and commercial construction activities can be attributed to the increased investments from the government in the construction of new developmental projects. These activities will lead to high demand for OSBs during the forecast period. In developing countries, such as India, there is growing urbanization and new developmental projects, including new residential projects. Moreover, the growing disposable income of consumers and the rising development of affordable residential projects, especially in urban regions, will support the growth of construction activities, especially in developing economies. Such factors will drive the growth of the market during the forecast period.
Key Trend
Growing adoption in Europe is one of the key market trends fueling the market growth. For instance, the Build-in-Wood is a project that started in September 2019 and aimed to promote the use of sustainable construction materials, including OSBs. It is funded by the European Union's Horizon 2020 research and innovation program. The project aims to make optimized and cost-effective wood construction methods a common practice in the European construction sector. According to the European Bank for Reconstruction and Development (EBRD), green buildings have a huge global investment opportunity. They are the largest segment of the USD231-billion energy efficiency market. Thus, the growing adoption of OSBs in Europe will augment the market growth and trends during the forecast period.
Key Challenge
Uncertainties in construction projects is one of the key factors challenging the market growth. Several construction projects were put on hold due to the regulations imposed by governments for public safety due to the pandemic. Furthermore, in Finland, the shortage of building materials escalated in March-April 2022, and construction projects were delayed as building materials that were previously imported from Russia and Ukraine were not replaced since the onset of the invasion. Thus, the delays in construction activities in countries worldwide have negatively affected the demand for OSBs, which, in turn, can negatively impact the growth of the market during the forecast period.
This market trends and analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Oriented Strand Board Market Companies?
The market forecasting report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Coillte Cuideachta Ghniomhaiochta Ainmnithe
- Dieffenbacher GmbH
- DOK Kalevala LLC
- Fritz Egger GmbH and Co. OG
- J M Huber Corp.
- Koch Industries Inc.
- Kronospan Ltd.
- Louisiana Pacific Corp.
- Luli Group Co. Ltd.
- Produits Forestiers Arbec Inc.
- RoyOMartin
- Sonae SGPS SA
- SWISS KRONO Tec AG
- Tolko Industries Ltd.
- West Fraser Timber Co. Ltd.
- Weyerhaeuser Co.
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as quality, cost, and new manufacturing methodologies to compete in the market.
Product Insights and News
- Egger.com - The company offers oriented strand boards in various technical classes, that are produced using fresh conifer wood, various glue systems, and paraffin wax.
- Huber.com - The company offers oriented strand boards with no sanding, enhanced weather ability, strength, and stiffness for flooring applications, under the brand name Blue Plus.
- Kochind.com - The company offers oriented strand boards for application in exterior wall and ceiling, roof and sub floor, under the brand names Blue Ribbon, DryGuard and DryMax.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market growth analysis report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Regional Analysis
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36% of the market's growth will originate from North America during the forecast period. The US is the key market for the market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The growing adoption of green building materials will facilitate the market growth in North America over the forecast period. This market growth and forecasting report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
Market Segmentation
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The market share growth by the construction segment will be significant during the forecast period. The market is expected to grow during the forecast period. The growth can be attributed to the growing construction activities in countries such as the US, China, and India. The US is one of the largest construction markets globally. According to the US Census Bureau (USCB), construction spending in the country during April 2022 was estimated at a seasonally adjusted annual rate of USD1,744.8 billion, an increase of 12.3% from the April 2021 estimate of USD1,553.5 billion. Thus, the growth of the global construction industry is propelling the demand for OBSs.
This market research and growth report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights.
Value Chain Analysis
Our market research report provides extensive information on the value chain analysis for the OSB market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Market Analyst Overview
The global oriented strand board market, known for its low cost, high strength, and durability, is witnessing significant growth driven by advancements such as terahertz technology for precise measurement of moisture and density levels. OSBs play a crucial role in the residential construction sector, influenced by factors like mortgage rates, population growth, and per capita income. OSB's versatility extends to applications in lumber, plywood, I-joists, and structural core panels, alongside interior decoration and furniture. Despite concerns over deforestation, OSB manufacturers are exploring fast-growing trees to meet demand sustainably. OSB's suitability for industrial containers, packaging, and export applications is enhanced by its rigidity, moisture resistance, and compliance with ISPM-15 regulations. With a focus on cost-effectiveness and sustainability, OSB remains a vital component in construction infrastructure development, packaging solutions, and the furniture industry, catering to the demand for lightweight, durable materials.
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Oriented Strand Board Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.25% |
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Market growth 2022-2026 |
USD 34.04 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
11.68 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Coillte Cuideachta Ghniomhaiochta Ainmnithe, Dieffenbacher GmbH, DOK Kalevala LLC, Fritz Egger GmbH and Co. OG, J M Huber Corp., Koch Industries Inc., Kronospan Ltd., Louisiana Pacific Corp., Luli Group Co. Ltd., Produits Forestiers Arbec Inc., RoyOMartin, Sonae SGPS SA, SWISS KRONO Tec AG, Tolko Industries Ltd., West Fraser Timber Co. Ltd., and Weyerhaeuser Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the oriented strand board industry across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Construction - Market size and forecast 2021-2026
- Exhibit 28: Chart on Construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Construction - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Construction - Year-over-year growth 2021-2026 (%)
- 5.4 Furniture - Market size and forecast 2021-2026
- Exhibit 32: Chart on Furniture - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Furniture - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Furniture - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Furniture - Year-over-year growth 2021-2026 (%)
- 5.5 Packaging - Market size and forecast 2021-2026
- Exhibit 36: Chart on Packaging - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Packaging - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Packaging - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Packaging - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Application
- Exhibit 44: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Japan - Market size and forecast 2021-2026
- Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Fritz Egger GmbH and Co. OG
- Exhibit 97: Fritz Egger GmbH and Co. OG - Overview
- Exhibit 98: Fritz Egger GmbH and Co. OG - Product / Service
- Exhibit 99: Fritz Egger GmbH and Co. OG - Key offerings
- 10.4 J M Huber Corp.
- Exhibit 100: J M Huber Corp. - Overview
- Exhibit 101: J M Huber Corp. - Product / Service
- Exhibit 102: J M Huber Corp. - Key offerings
- 10.5 Koch Industries Inc.
- Exhibit 103: Koch Industries Inc. - Overview
- Exhibit 104: Koch Industries Inc. - Product / Service
- Exhibit 105: Koch Industries Inc. - Key news
- Exhibit 106: Koch Industries Inc. - Key offerings
- 10.6 Kronospan Ltd.
- Exhibit 107: Kronospan Ltd. - Overview
- Exhibit 108: Kronospan Ltd. - Product / Service
- Exhibit 109: Kronospan Ltd. - Key offerings
- 10.7 Louisiana Pacific Corp.
- Exhibit 110: Louisiana Pacific Corp. - Overview
- Exhibit 111: Louisiana Pacific Corp. - Business segments
- Exhibit 112: Louisiana Pacific Corp. - Key news
- Exhibit 113: Louisiana Pacific Corp. - Key offerings
- Exhibit 114: Louisiana Pacific Corp. - Segment focus
- 10.8 RoyOMartin
- Exhibit 115: RoyOMartin - Overview
- Exhibit 116: RoyOMartin - Product / Service
- Exhibit 117: RoyOMartin - Key offerings
- 10.9 SWISS KRONO Tec AG
- Exhibit 118: SWISS KRONO Tec AG - Overview
- Exhibit 119: SWISS KRONO Tec AG - Product / Service
- Exhibit 120: SWISS KRONO Tec AG - Key offerings
- 10.10 Tolko Industries Ltd.
- Exhibit 121: Tolko Industries Ltd. - Overview
- Exhibit 122: Tolko Industries Ltd. - Product / Service
- Exhibit 123: Tolko Industries Ltd. - Key offerings
- 10.11 West Fraser Timber Co. Ltd.
- Exhibit 124: West Fraser Timber Co. Ltd. - Overview
- Exhibit 125: West Fraser Timber Co. Ltd. - Business segments
- Exhibit 126: West Fraser Timber Co. Ltd. - Key news
- Exhibit 127: West Fraser Timber Co. Ltd. - Key offerings
- Exhibit 128: West Fraser Timber Co. Ltd. - Segment focus
- 10.12 Weyerhaeuser Co.
- Exhibit 129: Weyerhaeuser Co. - Overview
- Exhibit 130: Weyerhaeuser Co. - Business segments
- Exhibit 131: Weyerhaeuser Co. - Key news
- Exhibit 132: Weyerhaeuser Co. - Key offerings
- Exhibit 133: Weyerhaeuser Co. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources
- 11.5 List of abbreviations
- Exhibit 140: List of abbreviations
- -Bricks: includes (By materials: Include common burnt clay bricks, sand-lime bricks (calcium silicate bricks), engineering bricks, concrete bricks, and fly ash clay bricks.;
- -Tiles: Includes (By type: Include ceramic tiles (non-porcelain tiles), porcelain tiles, mosaic tiles, and natural stone tiles.;
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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oriented strand board market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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