The North America Oriented Strand Board Market would witness market growth of 4.5% CAGR during the forecast period (2022-2028).
The resins used to make OSB have prompted concerns about the possibility of it emitting volatile organic compounds like formaldehyde. Urea-formaldehyde is more harmful than urea-formaldehyde and should be avoided in the house. Products containing phenol-formaldehyde are estimated to be relatively safer. Isocyanate resins, which do not incorporate formaldehyde and are deemed nonvolatile when cured, are used in some newer forms of OSB, referred to as new-generation OSB panels. Several manufacturers compound the wood chips with a variety of borate chemicals that are harmful to termites, wood-boring insects, molds, and fungi but not to mammals in low concentrations.
The OSB market is anticipated to benefit from a rise in the demand for rigid and strong structural wood-based panel products. OSB is used in the construction sector for floors, roofs, walls, doors, stairwells, columns, and beams. During the forecast period, this is likely to enhance demand for OSB. In recent years, the OSB market has grown dramatically.
The construction industry in this region is rapidly booming. According to the American General Contractors Association, the construction industry is a significant contribution to the US economy. The industry employs over 7.6 million people and produces approximately $1.4 trillion in construction each year. Manufacturing and mining along with a range of services include construction as one of their largest customers. The American General Contractors Association (AGC) has produced data on the role of construction in the economy as well as the employment in the United States, each state, and significant metro areas.
The US market dominated the North America Oriented Strand Board Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,964 million by 2028. The Canada market is anticipated to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Oriented Strand Board Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Construction
- Furniture
- Flooring
- Packaging
- Others
By Grade
By End User
- Residential
- Non-Residential
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- SWISS KRONO Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Oriented Strand Board Market, by Application
1.4.2 North America Oriented Strand Board Market, by Grade
1.4.3 North America Oriented Strand Board Market, by End User
1.4.4 North America Oriented Strand Board Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Oriented Strand Board Market
Chapter 4. North America Oriented Strand Board Market by Application
4.1 North America Construction Market by Country
4.2 North America Furniture Market by Country
4.3 North America Flooring Market by Country
4.4 North America Packaging Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Oriented Strand Board Market by Grade
5.1 North America OSB/3 Market by Country
5.2 North America OSB/4 Market by Country
5.3 North America OSB/2 Market by Country
5.4 North America OSB/1 Market by Country
Chapter 6. North America Oriented Strand Board Market by End User
6.1 North America Residential Market by Country
6.2 North America Non-Residential Market by Country
Chapter 7. North America Oriented Strand Board Market by Country
7.1 US Oriented Strand Board Market
7.1.1 US Oriented Strand Board Market by Application
7.1.2 US Oriented Strand Board Market by Grade
7.1.3 US Oriented Strand Board Market by End User
7.2 Canada Oriented Strand Board Market
7.2.1 Canada Oriented Strand Board Market by Application
7.2.2 Canada Oriented Strand Board Market by Grade
7.2.3 Canada Oriented Strand Board Market by End User
7.3 Mexico Oriented Strand Board Market
7.3.1 Mexico Oriented Strand Board Market by Application
7.3.2 Mexico Oriented Strand Board Market by Grade
7.3.3 Mexico Oriented Strand Board Market by End User
7.4 Rest of North America Oriented Strand Board Market
7.4.1 Rest of North America Oriented Strand Board Market by Application
7.4.2 Rest of North America Oriented Strand Board Market by Grade
7.4.3 Rest of North America Oriented Strand Board Market by End User
Chapter 8. Company Profiles
8.1 West Fraser Timber Co. Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.2 Louisiana-Pacific Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Product Launches and Product Expansions:
8.3 Coillte
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Operating Divisions and Regional Analysis
8.3.4 Research & Development Expenses
8.4 Egger Holzwerkstoffe GmbH
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.5 Arbec Forest Products, Inc. (Jolina Capital, Inc.)
8.5.1 Company Overview
8.6 RoyOMartin (Martin Sustainable Resources L.L.C.)
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Business Expansions:
8.7 Georgia-Pacific LLC (Koch Industries, Inc.)
8.7.1 Company Overview
8.8 Huber Engineered Woods LLC (J.M. Huber Corporation)
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.8.2.2 Acquisition and Mergers:
8.9 Kronoplus Limited (Kronospan Limited)
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Geographical Expansions:
8.10. SWISS KRONO Group
8.10.1 Company Overview
TABLE 1 North America Oriented Strand Board Market, 2018 - 2021, USD Million
TABLE 2 North America Oriented Strand Board Market, 2022 - 2028, USD Million
TABLE 3 North America Oriented Strand Board Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Oriented Strand Board Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Construction Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Construction Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Furniture Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Furniture Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Flooring Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Flooring Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Packaging Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Packaging Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Oriented Strand Board Market by Grade, 2018 - 2021, USD Million
TABLE 16 North America Oriented Strand Board Market by Grade, 2022 - 2028, USD Million
TABLE 17 North America OSB/3 Market by Country, 2018 - 2021, USD Million
TABLE 18 North America OSB/3 Market by Country, 2022 - 2028, USD Million
TABLE 19 North America OSB/4 Market by Country, 2018 - 2021, USD Million
TABLE 20 North America OSB/4 Market by Country, 2022 - 2028, USD Million
TABLE 21 North America OSB/2 Market by Country, 2018 - 2021, USD Million
TABLE 22 North America OSB/2 Market by Country, 2022 - 2028, USD Million
TABLE 23 North America OSB/1 Market by Country, 2018 - 2021, USD Million
TABLE 24 North America OSB/1 Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Oriented Strand Board Market by End User, 2018 - 2021, USD Million
TABLE 26 North America Oriented Strand Board Market by End User, 2022 - 2028, USD Million
TABLE 27 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Non-Residential Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Non-Residential Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Oriented Strand Board Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Oriented Strand Board Market by Country, 2022 - 2028, USD Million
TABLE 33 US Oriented Strand Board Market, 2018 - 2021, USD Million
TABLE 34 US Oriented Strand Board Market, 2022 - 2028, USD Million
TABLE 35 US Oriented Strand Board Market by Application, 2018 - 2021, USD Million
TABLE 36 US Oriented Strand Board Market by Application, 2022 - 2028, USD Million
TABLE 37 US Oriented Strand Board Market by Grade, 2018 - 2021, USD Million
TABLE 38 US Oriented Strand Board Market by Grade, 2022 - 2028, USD Million
TABLE 39 US Oriented Strand Board Market by End User, 2018 - 2021, USD Million
TABLE 40 US Oriented Strand Board Market by End User, 2022 - 2028, USD Million
TABLE 41 Canada Oriented Strand Board Market, 2018 - 2021, USD Million
TABLE 42 Canada Oriented Strand Board Market, 2022 - 2028, USD Million
TABLE 43 Canada Oriented Strand Board Market by Application, 2018 - 2021, USD Million
TABLE 44 Canada Oriented Strand Board Market by Application, 2022 - 2028, USD Million
TABLE 45 Canada Oriented Strand Board Market by Grade, 2018 - 2021, USD Million
TABLE 46 Canada Oriented Strand Board Market by Grade, 2022 - 2028, USD Million
TABLE 47 Canada Oriented Strand Board Market by End User, 2018 - 2021, USD Million
TABLE 48 Canada Oriented Strand Board Market by End User, 2022 - 2028, USD Million
TABLE 49 Mexico Oriented Strand Board Market, 2018 - 2021, USD Million
TABLE 50 Mexico Oriented Strand Board Market, 2022 - 2028, USD Million
TABLE 51 Mexico Oriented Strand Board Market by Application, 2018 - 2021, USD Million
TABLE 52 Mexico Oriented Strand Board Market by Application, 2022 - 2028, USD Million
TABLE 53 Mexico Oriented Strand Board Market by Grade, 2018 - 2021, USD Million
TABLE 54 Mexico Oriented Strand Board Market by Grade, 2022 - 2028, USD Million
TABLE 55 Mexico Oriented Strand Board Market by End User, 2018 - 2021, USD Million
TABLE 56 Mexico Oriented Strand Board Market by End User, 2022 - 2028, USD Million
TABLE 57 Rest of North America Oriented Strand Board Market, 2018 - 2021, USD Million
TABLE 58 Rest of North America Oriented Strand Board Market, 2022 - 2028, USD Million
TABLE 59 Rest of North America Oriented Strand Board Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of North America Oriented Strand Board Market by Application, 2022 - 2028, USD Million
TABLE 61 Rest of North America Oriented Strand Board Market by Grade, 2018 - 2021, USD Million
TABLE 62 Rest of North America Oriented Strand Board Market by Grade, 2022 - 2028, USD Million
TABLE 63 Rest of North America Oriented Strand Board Market by End User, 2018 - 2021, USD Million
TABLE 64 Rest of North America Oriented Strand Board Market by End User, 2022 - 2028, USD Million
TABLE 65 Key Information – West Fraser Timber Co. Ltd.
TABLE 66 Key Information – Louisiana-Pacific Corporation
TABLE 67 Key Information – Coillte
TABLE 68 Key Information – Egger Holzwerkstoffe GmbH
TABLE 69 Key Information – Arbec Forest Products, Inc.
TABLE 70 Key Information – RoyOMartin
TABLE 71 Key Information – Georgia-Pacific LLC
TABLE 72 Key Information – Huber Engineered Woods LLC
TABLE 73 Key Information – Kronoplus Limited
TABLE 74 Key Information – SWISS KRONO Group
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Huber Engineered Woods LLC