Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. Major countries in each region are mapped according to their revenue contribution to the global market. In-depth analysis of the global oriented strand board market segmentation assists to determine the prevailing market opportunities. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. The market research is offered along with information related to key drivers, restraints, and opportunities. This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global oriented strand board market analysis from 2020 to 2030 to identify the prevailing global oriented strand board market opportunities. Such instances are expected to provide lucrative opportunities for major players for growth of the oriented strand board market. This acquisition helped in improving the product portfolio of the company. Major players such as Collite, Egger Hozwerkstoffe GmbH, Koch Industries, and West Fraser are adopting acquisition to improve their product portfolio to maintain competition in the market.įor instance, in February 2021, West Fraser acquired all of the issued and outstanding common shares of Norbord, which deals in wood-based panels and oriented strand board (OSB). Key players operating in this market include Coillte, Egger Hozwerkstoffe GmbH, Koch Industries, Kronospan Ltd., Louisiana Pacific Corporation, West Fraser, Swiss Krono Group, Sonae Industria, Tolko Industries, and Weyerhauser. The Asia-Pacific segment is expected to dominate the oriented strand board market. Asia-Pacific is predicted to grow faster than LAMEA with a CAGR of 4.5% during the forecast period. North America dominates the market, followed by Europe. On the basis of region, the oriented strand board market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The residential segment dominated the market in 2020 and the non-residential segment is anticipated to grow with a highest revenue of CAGR 5.7% in 2020. On the basis of end user, the market is categorized into residential and non-residential. is anticipated to grow with the highest CAGR of 4.8% in 2020. The construction segment dominated the market in 2020 and the flooring segment. On the basis of application, the market is categorized into construction, flooring, packaging, and others. Currently, the OSB/3 segment dominates the global oriented strand board market. By grade, the market is categorized into OSB/1, OSB/2, OSB/3, and OSB/4. The global oriented strand board market is segmented into grade, application, end user, and region. Moreover, rise in construction related activities globally is expected propel demand for oriented strand boards, which is expected to provide lucrative opportunities for growth of the global oriented strand board market. This has led to increase in use of engineered wood and oriented strand board by builders and architects. In addition, adhesive/resins used in strand board are environment friendly and stable and do not generate greenhouse gases. Therefore, oriented strand board or wood-based materials are expected to minimize gas emissions. In addition, wood-based materials release fewer harmful by-products during manufacture than emission-intensive materials such as concrete, steel, or aluminum. Since, wood-based materials are also cost-effective and environment friendly alternative to other wood and cement products, use of these materials as a replacement for building materials is on the rise. In addition, new housing projects are also responsible for growth of the oriented strand board market.
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