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Engineered Wood Market by Product Type (Plywood, Laminated Veneer Lumber (LVL), Glulam, I-Beams, Oriented Strand Board (OSB), Cross-Laminated Timber (CLT)) and Application Type (Residential Construction and Non-residential Construction) - Global Opportunity Analysis and Industry Forecast, 2014-2022

CO_161777
Pages: 110
Dec 2016 | 2598 Views
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Author's : Yogiata Sharma
Tables: 38
Charts: 52
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Engineered Wood Market Overview:

Engineered Wood Market is projected to grow at a CAGR of 24.8% from 2016 to 2022. The market is, to reach over $40 billion by 2022. The base year considered for the study is 2015 and the forecast years range from 2016 to 2022

Engineered wood, also known as composite wood, consists of various wood products made by joining veneers, particles, fibers, and strands of wood with adhesives to form a man-made composite material. They include a variety of products ranging from plywood to roof trusses.

Europe and North America have introduced green building standards in several states, which has enforced the development of certified wood products that are linked with low emission levels such as engineered wood products.

The engineered wood market is expected to witness significant growth in the coming years with the introduction of cross-laminated timber (CLT) as a mega structuring material and steady growth of engineered wood market size in Asia-Pacific and LAMEA.

The global engineering wood market is influenced by the furniture and housing sectors. The market development depends on the type of products such as glulam, laminated veneer lumber (LVL), and oriented strand board (OSB). Despite the downfall in demand for engineered wood products in large-scale remodeling projects and new houses, the volume consumption of engineered wood is expected to increase owing to rise in consumer acceptance.

The engineered wood market is segmented based on product type, application, and geography. Based on product type, it is categorized into plywood, LVL, glulam, I-beams, OSBs, and CLT. By application, it is bifurcated into residential construction and non-residential construction. Geographically, it is studied across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Austria, Finland, and rest of Europe), Asia-Pacific (Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Key players profiled in this report are Celulosa Arauco Y Constitution S.A., Weyerhaeuser Company, Boise Cascade Company, Roseburg Forest Product Company, Shenzhen Risewell Industry Co., Ltd, Louisiana Pacific Corporation, Lowes Companies, Inc., Georgia Pacific Wood Products, LLC, Universal Forests Products, Inc., 84 Lumber Company, Huber Engineered Wood LLC, and Patrick industries, Inc.

Market segmentation

Engineered Wood Market Segmentations

Cost effectiveness and high sustainability are the major factors driving the engineered wood market.There is a need to reinvent construction methods, without harming the present environment; this can be achieved by the use of engineered wood over emission-intensive materials such as concrete, steel, or aluminum to minimize greenhouse gas emissions. Engineered wood, offers the same benefits.

CO2 Emission Equivalent By Material Type

Manufacturing of engineered wood products requires substantially less energy in comparison to that of other building products such as steel and concrete. Also, it results in fewer greenhouse gas and other air-polluting emission, thereby, making engineered wood a natural choice for sustainable designs. For instance, Glulam produces very less amount of CO2; 1,000 m3 of glulam wood traps equivalent of 765 tons of carbon.

CLT: A promising engineered wood material

CLT is an assembled solid engineered wood product made of at least three orthogonally bonded layers of solid-sawn lumber or a structural composite lumber (SCL), laminated by gluing together longitudinal and transverse layers with industrial adhesives to form a solid rectangular-shaped, straight, and plane timber used in roofing, flooring, and other applications.

Global CLT Production By Volume 2015-2021

CLT is rapidly gaining popularity in Europe and North America as a sustainable alternative to concrete and steel construction materials in commercial and multi-residential applications.

It is particularly suitable for rebuilding and elevation of existing buildings. Therefore, the main drivers for the positive development of engineered wood market are the green building movements, changes in building codes, consistent marketing efforts, and the development of distribution channels. The CLT production in Western European countries doubled from 2008 to 2013 to reach 456,000 m3.

Europe: Most Lucrative Engineered Wood Market

Europe is on a continuous rise, in both imports and exports of engineered wood products. It is the market leader with the presence of major market players in the region. The European engineered wood market players mainly produce glulam and plywood. They have achieved their market share based on their ability to provide one stop shop which includes design, manufacture and installation of these engineered wood products.

Europe is gradually importing engineered wood products rather than producing them due to high cost of production and lesser availability of timberlands. The leading importers of glulam to Europe are Malaysia, Indonesia, and Russia, followed by China.

Non-residential segment will take over residential in the coming years

Spending on non-residential construction is expected to increase in the near future owing to growth in CLT, which is utilized in mega-structures such as bridges and multi-story buildings.

Manufacturing of engineered woods production rose to nearly 4% in the U.S. in 2014, and it is further expected to grow with the introduction of CLT. Moreover, plywood imports, especially from Chile, is anticipated to increase through 2019 owing to the rise in domestic demand of North American plywood and the strength of the U.S. dollar. Imports alone accounted for 5% of North American plywood consumption in 2015. Export of OSB increased by 1% in 2014; growth of export is expected to accelerate in 2016‐2017 as the world economic growth increases.

Key Benefits:

  • The study provides an in-depth analysis of the engineered wood market, with current trends and future estimations to elucidate the imminent investment pockets.
  • It provides a quantitative analysis from 2014 to 2022, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • Actual historical figures for 2014 and 2015 and forecasts from 2016 to 2022, considering 2015 as base, are provided.
  • Competitive intelligence highlights the business practices followed by leading players across various regions.

Engineered Wood Market Key Segments:

By Application

  • Nonresidential Construction
  • Residential Construction

By Product Type

  • I-Beams
  • Plywood
  • Laminated Veneer Lumber (LVL)
  • Glulam (Glued Laminated Timber)
  • Oriented Strand Boards (OSB)
  • Cross-Laminated Timber (CLT)

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Austria
    • Finland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • Australia
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Market Players in the Value Chain

  • Celulosa Arauco Y ConstituciĆ³n S.A.
  • Weyerhaeuser Company
  • Boise Cascade Company
  • Roseburg Forest Product Company
  • Shenzhen Risewell Industry Co., Ltd
  • Louisiana Pacific Corporation
  • Huber Engineered Wood LLC
  • Lowes Companies, Inc.
  • Georgia Pacific Wood Products, LLC
  • Universal Forests Products, Inc.
  • 84 Lumber Company
  • Patrick industries, Inc.
  • Norbord Inc.
  • Rockshield Engineered Wood products ULC
  • Kahrs group
  • Nordic Structures Inc.
 

Chapter: 1 INTRODUCTION

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXPerspective

Chapter: 3 MARKET OVERVIEW

3.1. Market Definition and Scope
3.2. Key Findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porters Five Forces Analysis

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. High Competitive rivalry in the industry
3.3.5. Threat of substitutes

3.4. Market positioning, 2015
3.5. Market Dynamics

3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities

Chapter: 4 GLOBAL ENGINEERED WOOD MARKET, BY PRODUCT TYPE

4.1. Overview

4.1.1. Market size and forecast

4.2. Plywood

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast

4.3. Laminated Veneer Lumber (LVL)

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast

4.4. I-Beam

4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast

4.5. Cross Laminated Timber (CLT)

4.5.1. Key market trends
4.5.2. Growth factors and opportunities
4.5.3. Market size and forecast

4.6. Glulam

4.6.1. Key market trends
4.6.2. Growth factors and opportunities
4.6.3. Market size and forecast

4.7. Oriented Strand Board (OSB)

4.7.1. Key market trends
4.7.2. Growth factors and opportunities
4.7.3. Market size and forecast

Chapter: 5 ENGINEERED WOOD MARKET, BY TYPES OF APPLICATION

5.1. Overview

5.1.1. Market size and forecast

5.2. Residential

5.2.1. Key market trends
5.2.2. Growth factors and opportunities
5.2.3. Market size and forecast

5.3. Non-Residential

5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast

Chapter: 6 GLOBAL ENGINEERED WOOD MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. Europe

6.2.1. Key market trends
6.2.2. Growth factors and opportunities
6.2.3. Market size and forecast

6.2.3.1. By product type
6.2.3.2. By application type
6.2.3.3. By country

6.2.3.3.1. UK
6.2.3.3.2. Germany
6.2.3.3.3. Austria
6.2.3.3.4. Finland
6.2.3.3.5. Rest of Europe

6.3. North America

6.3.1. Key market trends
6.3.2. Growth factors and opportunities
6.3.3. Market size and forecast

6.3.3.1. By product type
6.3.3.2. By application type
6.3.3.3. By Country

6.3.3.3.1. U.S.
6.3.3.3.2. Canada
6.3.3.3.3. Mexico

6.4. Asia-Pacific

6.4.1. Key market trends
6.4.2. Growth factors and opportunities
6.4.3. Market size and forecast

6.4.3.1. By product type
6.4.3.2. By application type
6.4.3.3. By Country

6.4.3.3.1. Japan
6.4.3.3.2. Australia
6.4.3.3.3. India
6.4.3.3.4. Rest of Asia-Pacific

6.5. LAMEA (LATIN AMERICA, MIDDLE EAST, AND AFRICA)

6.5.1. Key market trends
6.5.2. Growth factors and opportunities
6.5.3. Market size and forecast

6.5.3.1. By product type
6.5.3.2. By application type
6.5.3.3. By Country

6.5.3.3.1. Latin America
6.5.3.3.2. Middle East
6.5.3.3.3. Africa

Chapter: 7 COMPANY PROFILE

7.1. Boise Cascade Company

7.1.1. Company overview
7.1.2. Operating business segment
7.1.3. Business performance
7.1.4. Key strategic moves and developments

7.2. Celulosa AraucY Constitucion S.A

7.2.1. Company overview
7.2.2. Operating business segment
7.2.3. Business performance
7.2.4. Key strategic moves and developments

7.3. Georgia-Pacific Wood Products, LLC

7.3.1. Company overview
7.3.2. Operating business segment
7.3.3. Business performance
7.3.4. Key strategic moves and developments

7.4. Huber Engineered Woods, LLC

7.4.1. Company overview
7.4.2. Operating business segment
7.4.3. Business performance
7.4.4. Key strategic moves and developments

7.5. Lowes Companies, Inc. Tower A,

7.5.1. Company overview
7.5.2. Operating business segment
7.5.3. Business performance
7.5.4. Key strategic moves and developments

7.6. Louisiana-Pacific Corporation

7.6.1. Company overview
7.6.2. Business performance
7.6.3. Key strategic moves and developments

7.7. Roseburg Forest Product Company

7.7.1. Company overview
7.7.2. Key strategic moves and developments

7.8. Shenzhen Risewell Industry Co., Ltd.

7.8.1. Company overview
7.8.2. Key strategic moves and developments

7.9. Universal Forest Products, Inc.

7.9.1. Company overview
7.9.2. Key strategic moves and developments

7.10. Weyerhaeuser Company

7.10.1. Company overview
7.10.2. Key strategic moves and developments

Other players in the value chain include:

  • 84 Lumber Company
  • Patrick Industries, Inc.
  • Home Depot, Inc.
  • European Wood Corporation
  • Norbord Inc.
  • Rockshield Engineered Wood products ULC
  • Kahrs group
  • Nordic Structures Inc.

*Profiles of these players are not included. The same will be included on request

LIST OF TABLES

TABLE 1. ENGINEERED WOOD MARKET, BY PRODUCT TYPE, 20142022 ($MILLION)
TABLE 2. PLYWOOD MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 3. LAMINATED VENEER LUMBER (LVL) MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 4. CROSS LAMINATED TIMBER (CLT) MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 5. I-BEAMS MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 6. GLULAM MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 7. ORIENTED STRAND BOARD MARKET REVENUE, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 8. ENGINEERED WOOD MARKET, BY TYPES OF APPLICATION, 20142022 ($MILLION)
TABLE 9. ENGINEERED WOOD MARKET BY RESIDENTIAL, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 10. ENGINEERED WOOD MARKET BY NON-RESIDENTIAL, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 11. ENGINEERED WOOD MARKET, BY GEOGRAPHY, 20142022 ($MILLION)
TABLE 12. EUROPE: ENGINEERED WOOD MARKET, BY PRODUCT TYPE, 20142022 ($MILLION)
TABLE 13. EUROPE: ENGINEERED WOOD MARKET, BY APPLICATION TYPE, 20142022 ($MILLION)
TABLE 14. EUROPE: ENGINEERED WOOD MARKET, BY COUNTRY, 20142022 ($MILLION)
TABLE 15. NORTH AMERICA: ENGINEERED WOOD MARKET, BY PRODUCT TYPE, 20142022 ($MILLION)
TABLE 16. NORTH AMERICA: ENGINEERED WOOD MARKET, BY APPLICATION TYPE, 20142022 ($MILLION)
TABLE 17. NORTH AMERICA: ENGINEERED WOOD MARKET, BY COUNTRY, 20142022 ($MILLION)
TABLE 18. ASIA-PACIFIC: ENGINEERED WOOD MARKET, BY PRODUCT TYPE, 20142022 ($MILLION)
TABLE 19. ASIA-PACIFIC: ENGINEERED WOOD MARKET, BY APPLICATION TYPE, 20142022 ($MILLION)
TABLE 20. ASIA-PACIFIC: ENGINEERED WOOD MARKET, BY COUNTRY, 20142022 ($MILLION)
TABLE 21. LAMEA: ENGINEERED WOOD MARKET, BY PRODUCT TYPE, 20142022 ($MILLION)
TABLE 22. LAMEA: ENGINEERED WOOD MARKET, BY APPLICATION TYPE, 20142022 ($MILLION)
TABLE 23. LAMEA: ENGINEERED WOOD MARKET, BY COUNTRY, 20142022 ($MILLION)
TABLE 24. BOISE CASCADE COMPANY: COMPANY SNAPSHOT
TABLE 25. BOISE CASCADE COMPANY. - OPERATING SEGMENTS
TABLE 26. CELULOSA ARAUCY CONSTITUCION S.A - COMPANY SNAPSHOT
TABLE 27. CELULOSA ARAUCY CONSTITUCION S.A. - OPERATING SEGMENTS
TABLE 28. GEORGIA-PACIFIC WOOD PRODUCTS, LLC: COMPANY SNAPSHOT
TABLE 29. GEORGIA-PACIFIC WOOD PRODUCTS, LLC: OPERATING SEGMENTS
TABLE 30. HUBER ENGINEERED WOODS, LLC: COMPANY SNAPSHOT
TABLE 31. HUBER ENGINEERED WOODS, LLC: OPERATING SEGMENTS
TABLE 32. LOWES COMPANIES, INC.: COMPANY SNAPSHOT
TABLE 33. LOWES COMPANIES, INC.: OPERATING SEGMENTS
TABLE 34. LOUISIANA-PACIFIC CORPORATION: COMPANY SNAPSHOT
TABLE 35. ROSEBURG FOREST PRODUCT COMPANY: COMPANY SNAPSHOT
TABLE 36. SHENZHEN RISEWELL INDUSTRY CO., LTD.: COMPANY SNAPSHOT
TABLE 37. UNIVERSAL FOREST PRODUCTS, INC.: COMPANY SNAPSHOT
TABLE 38. WEYERHAEUSER COMPANY: COMPANY SNAPSHOT

LIST OF FIGURES

FIGURE 1. TOP IMPACTING FACTORS
FIGURE 2. TOP INVESTMENT POCKETS
FIGURE 3. TOP WINNING STRATEGIES
FIGURE 4. PORTERS FIVE FORCES ANALYSIS
FIGURE 5. MARKET POSITIONING, 2015
FIGURE 6. U.S IMPORTS OF ENGINEERED WOOD PRODUCTS
FIGURE 7. GLOBAL ENGINEERED WOOD MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY PRODUCT TYPE, 2015& 2022 (%)
FIGURE 8. GLOBAL PLYWOOD MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIGURE 9. GLOBAL PLYWOOD MARKET REVENUE, 20142022 ($MILLION)
FIGURE 10. GLOBAL LAMINATED VENEER LUMBER (LVL) MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIGURE 11. GLOBAL LAMINATED VENEER LUMBER (LVL) MARKET REVENUE, 20142022 ($MILLION)
FIGURE 12. GLOBAL CROSS LAMINATED TIMBER (CLT) MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIGURE 13. GLOBAL CROSS LAMINATED TIMBER (CLT) MARKET REVENUE, 20142022 ($MILLION)
FIGURE 14. GLOBAL I-BEAMS MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIGURE 15. GLOBAL I-BEAMS MARKET REVENUE, 20142022 ($MILLION)
FIGURE 16. GLOBAL GLULAM MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIGURE 17. GLOBAL GLULAM MARKET REVENUE, 20142022 ($MILLION)
FIGURE 18. GLOBAL ORIENTED STRAND BOARD (OSB) MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIGURE 19. GLOBAL ORIENTED STRAND BOARD MARKET REVENUE, 20142022 ($MILLION)
FIGURE 20. GLOBAL ENGINEERED WOOD MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIGURE 21. GLOBAL RESIDENTIAL MARKET REVENUE, 20142022 ($MILLION)
FIGURE 22. GLOBAL ENGINEERED WOOD MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2015 & 2022 (%)
FIGURE 23. GLOBAL NON-RESIDENTIAL WOOD, 20142022 ($MILLION)
FIGURE 24. GLOBAL ENGINEERED WOOD MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY REGION, 2015 & 2022 (%)
FIGURE 26. EUROPE: ENGINEERED WOOD MARKET, BY COUNTRY, 20142022 ($MILLION)
FIGURE 27. UK: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 28. GERMANY: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 29. AUSTRIA: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 30. FINLAND: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 31. REST OF EUROPE: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 32. NORTH AMERICA: ENGINEERED WOOD MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY PRODUCT TYPE, 2015 & 2022 (%)
FIGURE 33. NORTH AMERICA: ENGINEERED WOOD MARKET, 20142022 ($MILLION)
FIGURE 34. U.S.: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 35. CANADA: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 36. MEXICO: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 37. ASIA-PACIFIC: ENGINEERD WOOD MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY PRODUCT TYPE, 2015 & 2022 (%)
FIGURE 38. ASIA-PACIFIC: ENGINEERED WOOD MARKET, 20142022 ($MILLION)
FIGURE 39. JAPAN: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 40. AUSTRALIA: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 41. INDIA: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 42. REST OF ASIA-PACIFIC: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 43. LAMEA: ENGINEERED WOOD MARKET, COMPARATIVE MARKET SHARE ANALYSIS, BY PRODUCT TYPE, 2015 & 2022 (%)
FIGURE 44. LAMEA: ENGINEERED WOOD MARKET, 20142022 ($MILLION)
FIGURE 45. LATIN AMERICA: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 46. MIDDLE EAST: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 47. AFRICA: ENGINEERED WOOD MARKET SIZE, 20142022 ($MILLION)
FIGURE 48. COMPANY SNAPSHOT: BOISE CASCADE COMPANY
FIGURE 49. COMPANY SNAPSHOT: CELULOSA ARAUCY CONSTITUCION S.A
FIGURE 50. COMPANY SNAPSHOT: LOWES COMPANIES, INC.
FIGURE 51. COMPANY SNAPSHOT: LOUISIANA-PACIFIC CORPORATION
FIGURE 52. COMPANY SNAPSHOT: WEYERHAEUSER COMPANY

 

The global engineered wood market is gaining popularity worldwide owing to its exquisite design, eco-friendly nature, greater wood strength, and molding capabilities. In addition, growth in awareness about the benefits of engineered wood, its technological advantage over other products, and rise in disposable income further boost the market growth.

Non-residential construction spendings gained impetus in 2015, leading to the growth of engineered wood usage in commercial buildings. In addition, new housing development and lodging further propelled the market growth, thereby highlighting the recovery in residential construction market. For instance, in 2014, mortgage rates declined in the U.S., thus leading to growth in new home sales.

The market is dominated by Europe and especially Western Europe and Scandinavian countries, such as Germany, Austria, Finland, Denmark and UK, owing to the widespread forest area coupled with rise in demand for engineered wood. Although, Brazil, Chile, and South Africa in LAMEA region possess huge growth potential owing to large untapped rainforest cover.

North America possesses second highest growth potential market due to vast forest availability, better technology and utilization of resources, and higher awareness among population. Major engineered wood companies are present in the U.S. and Canada.

Countries such as India, Japan, and China are anticipated to be major exporters to North American and European countries owing to the high raw wood production.

Market players, such as Weyerhaeuser and Arauco, have established retail outlets worldwide and have adopted latest technologies such as timberland LSL floor joists and easy pack to maintain their foothold. In addition, intensive marketing campaigns and attractive designs and product type by prominent companies have increased brand awareness in the global market among consumers, thus leading to the growth of the engineered wood market.

 

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