Skip to main content

Global oriented strand board (OSB) market size was estimated over USD 8.0 million in 2014.

Global oriented strand board (OSB) market size was estimated over USD 8.0 million in 2014. The growing substitution of plywood by OSB in applications such as residential construction and commercial sector is expected to have a positive impact on market demand. The high strength to weight ratio and easy installation advantages provided by oriented strand board are driving market growth of these products.

This product is consumed for both non-structural and structural applications such as shelving, pallet manufacture, frames, furniture, industrial tabletops, dry storage pallets, packaging and crafting. Technological advancements in countries such as Brazil, Russia, China, and India for the development of new products is anticipated to create new growth avenues over the forecast period.

Download Free Sample  - https://www.millioninsights.com/industry-reports/oriented-strand-board-osb-market/request-sample

Increasing consumption of office furniture and home furniture is likely to propel demand over the forecast period. The product finds application in various industries for packaging as it exhibits properties such as durability, core-voids, rigidity, moisture resistance grade, lightness, and lack of knot holes.

Fluctuating raw material prices can act as a restraint to the market demand. The adhesives used in the manufacturing of OSB are obtained from the petroleum industry. The price fluctuations in the petroleum industry are expected to impact negatively on the manufacturing activity.

Application Insights

In 2014, construction segment accounted over USD 4.0 million. Increasing consumption of structural insulated panels, industrial containers, single-layer flooring, subflooring, webs for wood I-joists, wall and roof sheathing, mezzanine deck, and sheathing ceiling is expected to drive product demand over the forecast period.

In terms of revenue, packaging is projected to grow at a CAGR of 29.0% over the forecast period. The high level of strength exhibited by these products coupled with low prices is boosting demand in this application segment. Growing packaging industry in countries such as UK, Hong Kong, India, Canada, Thailand, Taiwan, U.S., Singapore, China, and Australia is likely to fuel the market growth over the forecast period.

Regional Insights

In terms of volume, North America was the largest global market and accounted for over 55.0% in market share owing to raw material availability and strong environmental regulations. The growing export from Canada is expected to drive market growth over the forecast period.

Asia Pacific witnessed rapid growth in construction and packaged foods industry. The rising disposable income coupled with urbanization in emerging economies is expected to have a positive impact on market demand for oriented strand board.

Comments

Post a Comment

Popular posts from this blog

Functional Tea Market is expected to boost the growth of the market over the forecast period.

Functional Tea refers to a series of teas that can contribute to bodily functions. In 2019, the market size of Functional Tea is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. Download Request sample copy -  https://www.innovationmarketresearch.com/market-reports/functional-tea-market/request-sample In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Functional Tea. This report studies the global market size of Functional Tea, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Functional Tea sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sal...
Post a Comment
Read more

Global 23-Valent Pneumococcal Polysaccharide Vaccine Market Status and Outlook (2013-2028)

The global 23-Valent Pneumococcal Polysaccharide Vaccine market was valued at $XX million in 2018, and MAResearch analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. Download Free PDF Sample @  https://www.radiantinsights.com/research/2013-2028-report-on-global-23-valent-pneumococcal-polysaccharide-vaccine-market/request-sample This report provides detailed historical analysis of global market for 23-Valent Pneumococcal Polysaccharide Vaccine from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the 23-Valent Pneumococcal Polysaccharide Vaccine market. Leading players of 23-Valent Pneumococcal Polysaccharide Vaccine including: MSD Sanofipasteur CDIBP Market split by Type, can be divided into: Single Dose Vial Pre-filled Syringe Market split by Applicati...
Post a Comment
Read more