Oriented Strand Board (OSB) Market to Witness Comprehensive Growth by 2026
Oriented
strand board (OSB) is type of engineered wood, which is manufactured
in cross-oriented layers to form strong, stiff, structural panels.
The structured panels is formed by composition of thin
rectangular-shaped wood strands arranged in layers at right angles to
on-another. OSB is also known as sterling board, flake board, and
aspenite. This board is bonded with waterproof adhesives and is also
treated with sealants to guard against moisture penetration during
shipment. The construction industry widely uses this board in a range
of products ranging from squeak-free floors to solid wall and roofs
sheathing. It is engineered for strength and designed and can be
employed in applications such as residential and non-residential.
Oriented strand board has broaden its position in new markets such as
materials-handling applications, the structural insulated panel
industry, do-it yourself interior projects, wood I-joist products,
and few industrial applications (furniture and trailer liners), due
to its enhanced properties and performance.
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Oriented
Strand Board (OSB) Market: Key Segments
Based
on grades, the global oriented strand board (OSB) market can be
segmented into OSB/0, OSB/1, OSB/2, OSB/3, and OSB/4. These grades
are defined based on their mechanical performance and resistance to
moisture. OSB/2 is versatile, tough, and inexpensive. OSB/3 is also a
versatile board has added features such as moisture resistance. It is
used in load-bearing boards in humid conditions, while OSB/2 is used
in load-bearing boards in dry conditions. The OSB/4 grade is a
heavy-duty load-bearing board, which is widely consumed in regions
having humid temperatures. The OSB/1 grade type is extensively
utilized due to its consumption in various applications including the
interior fitments of a residential and commercial buildings. Oriented
strand boards can also be custom manufactured to meet specific
requirements in terms of thickness, density, panel size, surface
texture, strength and rigidity. Hence, oriented strand boards are
widely accepted and preferred by architects and contractors.
Based
on application, the oriented strand board (OSB) market can be
bifurcated into residential and non-residential. Increasing demand
for oriented strand boards for the use in roof sheathing, walls,
decks, and structural insulated panels is projected to boost the
oriented strand board (OSB) market during the forecast period.
Additionally, growth in the construction industry in emerging
economies and rise in renovation activities in developed regions are
estimated to propel the oriented strand board (OSB) market during the
forecast period. However, rising demand for substitutes such as
plywood is likely to hamper the oriented strand board (OSB) market
during the forecast period.
Oriented
Strand Board (OSB) Market: Regional Outlook
In
terms of region, the global oriented strand board (OSB) market can be
divided into North America, Latin America, Europe, Asia Pacific, and
Middle East & Africa. The oriented strand board (OSB) market in
North America is well established and is expanding at a significant
rate due to favorable government legislations. This, in turn, has
increased the oriented strand board (OSB) market value for oriented
strand board markets in U.S. and Canada. Furthermore, increase in
demand for recyclable building products led by the implementation of
stringent government regulations on eco-friendly construction
products in Europe is likely to boost the oriented strand board (OSB)
market during the forecast period. Asia Pacific holds a prominent
share of the global oriented strand board (OSB) market due to the
rise in infrastructure activities and increase in government
initiatives to increase construction in developing economies in the
region. Latin America and Middle East & Africa are estimated to
account key share of the global oriented strand board (OSB) market by
the end of the forecast period owing to growth in residential and
commercial construction activities in these regions.
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Oriented
Strand Board (OSB) Market: Key Players
Major
players operating in the global oriented strand board (OSB) market
include Huber Engineered Woods LLC., Arbec Forest Products Inc.,
Sonae Arauco, Louisiana-Pacific Corporation and Ainsworth Lumber Co.
Ltd., Manufacturers have adopted strategies such as agreements and
joint ventures to maintain a strong foothold in the oriented strand
board (OSB) market and to meet the rising demand for oriented strand
boards from consumers.
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