Transparency
Market Research Added A New Report "Engineered
Wood Product Market". Engineered wood, also known as
composite wood comprises of a number of wood products made by binding
veneers, particles, fibers and strands of wood, together with
adhesives to form composite materials. They are modeled to absolute
design requirements as per the client’s specifications and tested
to meet international and national standards. They include a variety
of products ranging from plywoods to roof trusses.
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. 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.
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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.
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