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Softwood is attributed to the kind of tree from which wood can be acquired. It refers to the timber acquired from trees such as cedar, pine or spruce. Trees of hardwood, such as maple, cherry, and oak, are rarely used to make lumber. These are generally used to make furniture, floorings and others. The softwood acquired from tress is then further processed and the existing attributes of the softwood are utilized for application in various areas. The properties of the softwood acquired from the trees vary from tree to tree. Softwood lumber acquired from fir is weaker while softwood acquired from cedar has the most durability and high water resistance property. In addition, softwood acquired from pine trees is majorly used in residential settings as it is non-resistant toward insects.
Softwood lumber is majorly used as a construction medium in the construction of buildings, commercial, and residential areas. The softwood lumber market is dependent on the construction industry. Increase in construction activities and the growth of the construction industry are expected to impact the softwood lumber market in a positive manner. In addition, softwood is extensively used to make furniture and utilized in the process of wood carving. Softwood trees have very low environmental impact as they grow back way faster than hardwood tress. This ensures the availability of softwood in abundance, which in turn, increases the usages of softwood lumber in various applications. The re-growth rate of softwood trees makes them bypass the strict governmental rules & regulations regarding the cutting of trees. For instance, wood obtained from cedar trees does not crack easily and finds application in various construction activities and in the manufacturing sector. This contributes to the growth of the softwood lumber market.
However, some kinds of softwood lumber are not resistant toward insects. This restricts the usage of some kind of softwood lumber. In addition, lumber obtained from fir trees is considered to be relatively weaker than others. This reflects the low demand for lumber obtained from fir trees, resulting in relatively lower growth of the softwood lumber market. Substitutes of softwood lumber have been devised, owing to the advanced technology. This factor is expected to hit the softwood lumber market and result in a negative market growth.
Region-wise, Europe and the Middle East have witnessed considerable growth due to the expansion and development of the construction industry in these regions. Additionally, Asia-Pacific is expected to witness a significant increase in demand for softwood lumber, owing to rapidly increasing population, industrialization, and urbanization. Furthermore, North American has softwood trees available in abundance, which are the main source of softwood lumber. This is expected to attract potential investors who wish to establish themselves and expand their business. Therefore, these factors are expected to increase the market share of the softwood lumber market in the region.
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