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(MoneyNewsWire.Net, October 25, 2018 ) Global Oriented Strand Board (OSB) market is estimated to witness a moderate growth during the forecast period, 2018-2023. OSB has a strong, dimensionally stable panel that resists deflection, delamination, and warping, and are also light in weight and easy to handle and install. Due to these properties they are finding a wide usage in the construction, furniture and packaging industries, and as these industries grow, they may witness stronger demand.
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Increasing Demand due to Desirable Properties, including Strength and Light-Weight
Oriented Strand Board (OSB) is a widely used, versatile structural wood panel. OSB's combination of wood and adhesives creates a strong, dimensionally stable panel that resists deflection, delamination, and warping. In Oriented Strand Board (OSB) panels, thin wood strands are combined with adhesive and then hot-pressed into sheets, because of which wood strands are bonded and then when combined with resins, they produce a stronger and stiffer panel than other products used in similar types of furniture ND construction projects. The material eliminates rings and knots, which makes it more uniform. Their structure gives OSB a great deal of strength, which means it can be used in a broad range of applications, particularly for load-bearing applications. Moreover, OSB panels are relatively lighter in weight and easy to handle and install. The global infrastructure industry has been growing at a healthy rate in recent times. Materials, such as plywood, decorative surface products, and engineered wood panels, like Particleboard, Oriented Strand Board (OSB), and Medium density fiberboard (MDF) are witnessing increased demand due to their usage in furniture and in floors & roofs, walls, door, kitchen cabinets, staircase, etc. OSB stands out as the fastest growing product segment and is being widely used, both, in residential and commercial construction and can be used successfully for exterior walls, sub-flooring, roof decking, etc.
Construction and Furniture Industries, the fastest growing End-use Segments
The global infrastructure industry has been growing at a healthy rate in recent times. The ever-increasing global population, supported by their improved purchasing power is a driving factor for rapid urbanization. This urbanization demands for a better infrastructure, both, at the residential and commercial level. One of the major verticals of the infrastructure industry is the wood panel market, which comprises of materials, such as plywood, Oriented Strand Board (OSB), Particleboard, Medium density fiberboard (MDF), etc. These materials are used in furniture, floors & roofs, ceilings, walls, door, kitchen cabinets, staircase, etc. Construction holds the largest end-use application segment, followed by furniture. OSBs stand out among other wood-based panel materials due to their structural stability, lightweight, and cheaper cost. OSB panels are also used in packaging.
Asia-Pacific to Witness the Highest Growth Rate in Consumption of Oriented Strand Board (OSB) Market
Asia-Pacific is estimated to witness a healthy growth over the assessment period in Oriented Strand board (OSB) market due to the wide usage of wood-based panels in end-use application segments, such as furniture, construction, and packaging due to their desirable properties. OSBs stand out as the fastest growing segment of wood-based panels, due to their structural stability, lightweight and cheaper cost. The Asia-Pacific, which is a cost-sensitive region, is currently experiencing high investments in residential and commercial construction, especially in China, Japan, Taiwan, and South Korea and in developing economies, such as India, Malaysia, Indonesia, Vietnam, etc. All of these factors are likely to be supported by the ever-increasing population in the region, urbanization, and their purchasing power.
Key Developments in the OSB Market
June 2018: OSB Production begun at RoyOMartin’s Corrigan OSB plant. Construction of the Greenfield plant began in July 2015, and at full capacity, it is expected to ship enough products by road and rail to supply OSB for approximately 70,000 U.S. homes per year
October 2017: Kronospan announced that it would like to start making a new product, OSB, which is replacing plywood in the construction industry, at its Chirk production facility located in North Wales. The investment would be of over USD 200 million, over the next 3 years, updating and renewing its existing facilities
September 2017: Norbord completed USD 129 million investments at its mill in Inverness, UK to manufacture OSBs. The product is likely to be produced with machinery from HOLTEC GmbH, a premium equipment manufacturer for the wood industry
Oriented Strand Board (OSB) Market Major Players:
Huber Engineered Woods LLC.
EGGER Group
Celulosa Arauco y Constitución S.A
Sonae Indústria, SGPS, SA
Norbord Inc.
Tolko Industries Ltd
Duratex
Georgia-Pacific Wood Products LLC
Weyerhaeuser Company
ante-holz GmbH
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To understand the dominating application in the global oriented strand board market
Region & countries expected to witness fastest growth during the forecast period
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