How big is the oriented strand board market?

The global oriented strand board market size was estimated at USD 23.50 billion in 2022 and is expected to reach USD 26.34 billion in 2023.

What is the oriented strand board market growth?

The global oriented strand board market is expected to grow at a compound annual growth rate of 8.5% from 2023 to 2030 to reach USD 45.27 billion by 2030.

Which segment accounted for the largest oriented strand board market share?

Construction application accounted for the largest revenue share 54.0% in 2022 of oriented strand board market owing to its increasing use in subflooring, single layer flooring, ceilings, and walls.

Who are the key players in the oriented strand board market?

Some of the key players operating in the oriented strand board market include EGGER Group, Kronopspan, Tolko Industries Ltd., Georgia-Pacific, Sonae Indústria, SGPS, S.A., and SWISS KRONO Group.

What are the factors driving the oriented strand board market?

The key factors that are driving the oriented strand board market include the growth of construction sector coupled with its beneficial properties such as high strength, durability, and low cost.