How Does Global Warming Impact The Manufactured Wood Materials Market?

The Business Research Company’s Manufactured Wood Materials Market – Opportunities And Strategies – Global Forecast To 2030

LONDON, GREATER LONDON , UK, December 7, 2021 /EINPresswire.com/ -- Increasing concerns of global warming and climate change have significantly shifted the consumer preference towards eco-friendly furniture which has enabled the manufacturers to develop furniture using eco-friendly materials. Along with the environmental concerns, consumers wanting modular and elegant furniture is also driving the demand for wooden furniture across rural and urban areas. This in turn is benefiting the manufactured wood materials markets growth.

The engineered wood products segment is gaining popularity and is the fastest growing segment in manufactured wood materials market. Engineered wood is manufactured by binding veneers, boards of wood, fibers and particles with adhesives and it is widely used by customers in the construction industry. They are pre-finished, durable, water resistant and easier to mount. Engineered wood products include I-beams, laminated veneer lumber products and glulam products. I-beam is widely used in load-bearing commercial and residential applications. These beams are of high-strength and are used to manufacture supporting structures. The end users of engineered wood products are non-residential floors manufacturers, floor and roof remodelers and new residential roof manufacturers.

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The global manufactured wood materials market size reached a value of $256.90 billion in 2020 at a rate of -2.92%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is expected to reach $367.40 billion by 2025, and $525.40 billion by 2030.

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Major players covered in the global manufactured wood materials industry are Georgia-Pacific, Weyerhaeuser, Boise Cascade, West Fraser Timber Co Ltd., Universal Forest Products.

TBRC’s global manufactured wood materials market report is segmented by type into reconstituted wood, plywood, veneer sheets, by application into residential, commercial, by type of wood plant into teak, oak, others.

Manufactured Wood Materials Market - By Type (Reconstituted Wood, Plywood, Veneer Sheets), By Type Of Plant (Beech, Oak, Others), By Application (Residential, Commercial), And By Region, Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides manufactured wood materials market overview, manufactured wood materials market forecast, manufactured wood materials market size and growth for the whole market, manufactured wood materials market segments, and geographies, manufactured wood materials market trends, manufactured wood materials market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

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