Global Laminated Veneer Lumber Market, By Product (Cross-Banded Laminated Veneer Lumber and Laminated Strand Lumber (LSL)), Application (Concrete Formwork, House Beams, Purlins, Truss Chords, Scaffold Boards, Others), End-Use (Residential, Commercial, Industrial) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Laminated veneer lumber market will grow at a rate of 6.95% for the forecast period of 2021 to 2028. Rise in the demand for residential housing acts as a vital factor driving the growth of laminated veneer lumber market.
Laminated veneer lumber is defined as a structural material made by rotary peeled and sliced thin wood veneers. They are bonded together with weatherproof glue under pressure and high heat. It offers various numerous advantages such as precise dimension, high durability, light-weighted, and high strength. Laminated veneer lumber is available in two sub-types which include cross-banded laminated veneer lumber and laminated strand lumber (LSL).
Rise in the rapid urbanisation in the emerging economies is the vital factor escalating the market growth, also rise in the adoption in structural applications due to its superior strength, high dimensional stability, and impact bending, rise in the presence of emerging economies such as China and India and rise in the research and development activities in the market are the major factors among others driving the laminated veneer lumber market. Moreover, increase in the technological advancements and modernization in the production techniques and rise in the demand from emerging economies will further create new opportunities for the laminated veneer lumber market in the forecast period of 2021- 2028.
However, rise in the availability of alternatives for the product is the major factor among others acting as a restraint, and will further challenge the growth of laminated veneer lumber market in the forecast period mentioned above.
This laminated veneer lumber market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on laminated veneer lumber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Laminated Veneer Lumber Market Scope and Market Size
Laminated veneer lumber market is segmented on the basis of product, application and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product, the laminated veneer lumber market is segmented into cross-banded laminated veneer lumber and laminated strand lumber (LSL).
- Based on application, the laminated veneer lumber market is segmented into concrete formwork, house beams, purlins, truss chords, scaffold boards and others.
- The laminated veneer lumber market is also segmented on the basis of end-use into residential, commercial and industrial.
Laminated Veneer Lumber Market Country Level Analysis
Laminated veneer lumber market is analysed and market size, volume information is provided by country, product, application and end-use as referenced above.
The countries covered in the laminated veneer lumber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the laminated veneer lumber market due to rise in the demand for residential housing, rise in the adoption in structural applications due to its superior strength, high dimensional stability, and impact bending in this region. Asia-Pacific is the expected region in terms of growth in laminated veneer lumber market due to increase in the rapid urbanisation and increase in the technological advancements and modernization in the production techniques in this region.
The country section of the laminated veneer lumber market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Laminated Veneer Lumber Market Share Analysis
Laminated veneer lumber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laminated veneer lumber market.
The major players covered in the laminated veneer lumber market report are Forest and Wood Products Australia Limited, Metsä Board, Weyerhaeuser Company, Modern Lumber Technology, Nelson Pine Industries Limited, Clarke Veneers and Plywood, Murphy Company Mechanical Contractors, Brisco Manufacturing Ltd, MJB Wood Group, LLC and Roseburg Forest Products among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.