Oriented Strand Board (OSB) Market Size, Industry Report, 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Oriented Strand Board (OSB)Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global oriented strand board (OSB) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Oriented Strand Board (OSB) Market?

The global oriented strand board (OSB) market size reached 33.6 Million Cubic Meters in 2022. Looking forward, IMARC Group expects the market to reach 43.5 Million Cubic Meters by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

Oriented strand board (OSB) refers to a specific type of engineered wood product that is made by compressing and gluing together strands or flakes of wood in a specific orientation. It is joined with a wide variety of adhesives or binders, such as phenol-formaldehyde (PF), urea-formaldehyde (UF), and isocyanate. It generates less wastage and is available at affordable prices as it is made from small wood particles. It is widely utilized for sheathing in wall panels, roof decking, and subflooring purposes. It is also utilized for manufacturing a wide variety of furniture, including tables, cabinets, shelves, and chairs.

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What are the growth prospects and trends in the oriented strand board (OSB) industry?

At present, the increasing demand for OSBs, as they are lightweight, strong, and versatile in nature, represents one of the primary factors supporting the growth of the market. Besides this, the rising construction of numerous residential, industrial, and commercial infrastructures around the world is propelling the growth of the market.

In addition, the growing utilization of various green building materials for construction purposes to reduce the impact of pollution is offering a favorable market outlook. Apart from this, the increasing applications of OSBs in structural insulated panels are contributing to the growth of the market.

Additionally, the rising demand for lightweight and easy-to-assemble furniture is strengthening the growth of the market.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Grade:

  • OSB/1
  • OSB/2
  • OSB/3
  • OSB/4

Breakup by Application:

  • Construction
  • Furniture
  • Flooring
  • Packaging
  • Others

Breakup by End User:

  • Residential
  • Non-residential

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Arbec Forest Products Inc., Coillte, EGGER Group, Huber Engineered Woods LLC (J.M. Huber Corporation), Koch Industries Inc., Kronospan, Louisiana-Pacific Corporation, RoyOMartin, SWISS KRONO Group, Tolko Industries Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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