The Europe Oriented Strand Board Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
OSB is made from tiny trees with fast and organic growth. Lodgepole pine logs of approximately 20 to 24 inches in radius at the breast height are used largely in inland mills on the West Coast that produce OSB. Pine plantation thinning, Southern Pine, and soft hardwoods types, like aspen with an average DBH of 8 inches, are used in mills in the South. Prior to strand production, short portions of the logs are rinsed and debarked using disc or ring-type flakes. Depending on the type of procedure and raw material, strand size is typically 0.5 inches by 3 inches by 0.02 inches. The size of the filaments can be changed depending on the panel's target parameters. The strands are dried to 5 to 10% moisture in massive, rotating single-pass or triple-pass dryers with intake temperatures as high as 1,250oF, because their moisture content fluctuates from 40 to 75%.
Using varying screen sizes, dried strands are divided into two pieces. The face layers are made up of larger strands, whereas the core layer is made up of smaller strands. In a rotating drum blender, the face and core layer filaments are combined separately with an outer binder. During the blending process, a particular percentage of wax, as well as other chemicals, may be applied, depending on the method.
There are various developed and developing countries across this region. According to the Export.gov, Germany's economy is the fifth-largest economy in the world, accounting for one-fifth of the overall European Union's GDP. Germany is the US's largest European trading partner and the country's sixth-largest export market. Germany's social market economy is based on market principles, but with a lot of government regulation as well as numerous social assistance programs. This factor is propelling the urbanization process across the region.
In addition, the Environmental Protection Agency (EPA) has imposed a regulation to minimize hazardous air pollutant (HAP) emissions from large sources, such as existing and new plywood as well as composite wood products factories. This rule is a National Emission Standards for Hazardous Air Pollutants (NESHAP), and it significantly reduced HAP emissions by mandating affected composite wood and plywood products facilities to achieve a level of emissions reductions needed to meet the MACT (Minimum Achievable Control Technology) floor for these sources.
The Germany market dominated the Europe Oriented Strand Board Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,431.3 million by 2028. The UK market is estimated to witness a CAGR of 3.8% during (2022 - 2028). Additionally, The France market would display a CAGR of 5.4% during (2022 - 2028).
Based on Application, the market is segmented into Construction, Furniture, Flooring, Packaging, and Others. Based on Grade, the market is segmented into OSB/3, OSB/4, OSB/2, and OSB/1. Based on End User, the market is segmented into Residential and Non-Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Oriented Strand Board Market will Hit $36.6 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include West Fraser Timber Co. Ltd., Louisiana-Pacific Corporation, Coillte, Egger Holzwerkstoffe GmbH, Arbec Forest Products, Inc., RoyOMartin, Georgia-Pacific LLC, Huber Engineered Woods LLC, Kronoplus Limited, and SWISS KRONO Group.
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