Oriented Strand Board Market Size, Share & Trends Report

Oriented Strand Board Market Size, Share & Trends Analysis Report By Application, (Construction, Packaging), By Region, (Central & South America, North America, MEA, APAC, Europe), And Segment Forecasts, 2019 - 2025

  • Published Date: Feb, 2019
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-613-4
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 98

Industry Insights

The global Oriented Strand Board market size was valued at USD 11.30 billion in 2017 and is expected to register a CAGR of 14.3% from 2018 to 2025. Superior and beneficial properties of OSBs, such as low cost, high strength, and durability, are anticipated to spur its demand over the forecast period. Emergence of terahertz technology for the measurement of moisture and density levels of wood is expected to help in the production of advanced-grade products. The technology is being increasingly used to measure fiber orientation of OSBs owing to its sensitivity towards internal fiber structure.

It is also used to improve its structural strength leading to industry growth. Construction industry led the U.S. OSB market, in terms of product usage, owing to high demand from residential construction sector. The number of residential units in the country increased by 4.17% in 2017. It is further expected to grow at a substantial rate over the forecast period due to low mortgage rates along with increasing population and per capita income. The product is generally used as a smart alternative to the traditional lumber and plywood, as it ensures the availability of lumber supplies by efficient use of raw materials.

U.S. oriented strand board market

It is increasingly being used in I-joists, floor trusses, structural core panels, and stresses skin panels owing to technological innovations in the industry. This, in turn, will drive its growth in the years to come. Wood used in the product manufacturing is generally derived from fast-growing trees, which can be replanted quickly, consequently resulting into reduced rate of deforestation. In addition, OSB panels are exempted from formaldehyde regulations, which is expected to drive its demand as a green building material.

Increasing construction infrastructure development has resulted into burgeoning demand for wood panels for interior decoration and furniture applications. High preference for OSB due to its low-cost has led to surge in investments by industry players in capacity expansions and acquisitions to cater to the rising demand. Presence of a large number of well-established manufacturers significantly diminishes the opportunity for new companies in the market. In addition, high capital investments and dependency on varying annual growth of consumer industries may further discourage the entry of new firms.

Application Insights

Construction was the largest application segment, which stood at USD 5.84 billion in 2017. Rising product usage in applications including single-layer flooring, subflooring, wall, ceiling, & panel sheathing, industrial containers, and mezzanine deck, coupled with strong housing demand in U.S. is anticipated drive the segment. Superior product qualities, such as strength, rigidity, moisture resistance, core voids, lack of knot, coupled with low cost is predicted to fuel its demand in the packaging applications. The product is exempted from ISPM-15 regulations and hence is used in crating and packaging for exports. Moreover, it is easy to handle, cut, assemble, nail, and drill; which enables its use in packaging containers.

Global oriented strand board market

Rising imports and exports across the globe is predicted to create an enormous demand for packaging. Increasing emphasis on cost-effectiveness coupled with surge in demand for reusable packaging materials in the form of pallets and boxes is expected to drive the product consumption over the forecast period. The product is used in number of other applications including interior decoration and furniture. Superior characteristics, such as resistance to humidity, strength, and durability, are anticipated to accelerate its demand in interior decoration applications. In addition, OSBs are lightweight, which further augments their demand in furniture applications.

Regional Insights

North America emerged as the largest regional market in 2017 with a revenue of USD 8.01 billion. Increasing usage of advanced products, such as use of bio-adhesives as an alternative to the resins derived from crude oil, is anticipated to reduce the impact of crude oil price fluctuations, thereby benefitting the industry growth in the region. Europe exhibits a steady rise in OSB production, with Germany and Poland, being the largest producers.

Rapidly expanding construction industry in Europe, due to low interest rates and high rate of net migration, is expected to be a major contributor to the its growth. Asia Pacific is estimated to be the fastest-growing region over the forecast period, owing to the high potential for infrastructure development. The region exhibits a high product demand in industrial applications as a substitute for plywood and blockboard, where high-end panel boards are required. China led the Asia Pacific regional market in 2017 and is expected to continue the trend over the forecast period.

Supportive government initiatives aimed at promoting the use of green building materials is estimated to have a positive impact on the industry growth. In addition, high demand for the product in commercial construction is expected to drive the market further. High production levels in Central & South America on account of abundance of forest area is expected to benefit the regional growth. Rise in residential and commercial constructions driven by the governmental efforts to achieve high economic growth will boost the growth further.

Oriented Strand Board Market Share Insights

The global market is consolidated in nature and major companies in the market are focused on providing high-quality products through cost leadership. They primarily compete on the basis of product quality and price. Companies also focus on forming joint ventures as they face an intense internal competition due to growth in the construction sector. Moreover, increasing product demand is compelling manufacturers to expand their production capacities.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in Million Square Feet, Revenue in USD Million, and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Canada, Germany, U.K., China, India, and Brazil

Report coverage

Volume forecast, Revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global oriented strand board market report on the basis of application and region:

  • Application Outlook (Volume, Million Square Feet; Revenue, USD Million, 2014 - 2025)

    • Construction

    • Packaging

    • Others

  • Regional Outlook (Volume, Million Square Feet; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $4,950
Multi User (2-5) - $5,950
Enterprise Access - $7,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified