Increasing demands for
cost effective wood products for building applications such as load bearings,
structure panels and flooring is expected to drive the growth in the market.
With the rising trend of green technology, certain smart products are being
encouraged which aid in reducing green house gas emissions.
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North American
countries such as the U.S. have initiated establishment of green building
standards in several states. They provide momentum for certified wood products
that are linked with low emission levels. Although the future of the market
looks significantly bright, challenges such as fluctuation of cost of energy
due to volatile oil prices could stall the momentum of the engineering wood
market.
The global engineering
wood market has been impacted due to the controlling trends of the furniture
and housing sectors. The market development depends on its type of products
such as glulam, laminated veneer lumber (LVL) and oriented strand board (OSB).
Despite the downfall of demand in large scale remodeling projects and new
houses, the volume consumption is expected to pick up grip owing to rising
consumer acceptance.
Europe was the largest
revenue generator in the engineering wood market with its major contribution in
industrial appliances, followed by North America and Asia Pacific. Shenzhen
Risewell Industry Co. Ltd, Georgia-Pacific, Boise Cascade, Home Depot and
Lowe’s are some of the companies leading the engineered wood market.
This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also includes
a review of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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