Global Oriented
Strand Board (OSB) Market report offers the latest
industry trends, technological alteration and forecast data. A deep-dive view
of Diabetic Food Products industry based on its size, growth, development
plans, and opportunities is offered by this report. The forecast information,
SWOT analysis, Diabetic Food Products barriers, and feasibility study are the
vital aspects evaluated in this report.
Industry Insights
Global oriented strand
board (OSB) market size was estimated over USD 8.0 million in 2014. The growing
substitution of plywood by OSB in applications such as residential construction
and commercial sector is expected to have a positive impact on market demand.
The high strength to weight ratio and easy installation advantages provided by
oriented strand board are driving market growth of these products.
This product is consumed
for both non-structural and structural applications such as shelving, pallet
manufacture, frames, furniture, industrial tabletops, dry storage pallets,
packaging and crafting. Technological advancements in countries such as Brazil,
Russia, China, and India for the development of new products is anticipated to
create new growth avenues over the forecast period.
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Increasing consumption of
office furniture and home furniture is likely to propel demand over the
forecast period. The product finds application in various industries for
packaging as it exhibits properties such as durability, core-voids, rigidity,
moisture resistance grade, lightness, and lack of knot holes.
Fluctuating raw material
prices can act as a restraint to the market demand. The adhesives used in the
manufacturing of OSB are obtained from the petroleum industry. The price
fluctuations in the petroleum industry are expected to impact negatively on the
manufacturing activity.
Application Insights
In 2014, construction
segment accounted over USD 4.0 million. Increasing consumption of structural
insulated panels, industrial containers, single-layer flooring, subflooring,
webs for wood I-joists, wall and roof sheathing, mezzanine deck, and sheathing
ceiling is expected to drive product demand over the forecast period.
In terms of revenue,
packaging is projected to grow at a CAGR of 29.0% over the forecast period. The
high level of strength exhibited by these products coupled with low prices is
boosting demand in this application segment. Growing packaging industry in
countries such as UK, Hong Kong, India, Canada, Thailand, Taiwan, U.S.,
Singapore, China, and Australia is likely to fuel the market growth over the
forecast period.
Regional Insights
In terms of volume, North
America was the largest global market and accounted for over 55.0% in market
share owing to raw material availability and strong environmental regulations.
The growing export from Canada is expected to drive market growth over the
forecast period.
Asia Pacific witnessed
rapid growth in construction and packaged foods industry. The rising disposable
income coupled with urbanization in emerging economies is expected to have a
positive impact on market demand for oriented strand board.
Competitive Insights
The key players in the
oriented strand board market are Huber, Norbord, Louisiana-Pacific, ARBEC,
Georgia-Pacific, Weyerhaeuser, RoyOMartin and Ainsworth Lumber Co. Home
featuring material such as LP TechShield Radiant Barrier Sheathing developed by
Louisiana-Pacific was favored by The U.S. Green Building Council (USGBC).
In 2013, Georgia-Pacific
opened new plant in Clarendon for the manufacturing of different OSB products
such as Thermostat OSB Radiant Barrier Sheathing. Norbord acquired Ainsworth
Lumber Co. in June 2015 owing to extensive mill network of the company.
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