Global Oriented Strand Board (OSB) Market to Reach US$50.6 Billion by 2030
The global market for Oriented Strand Board (OSB) estimated at US$24.6 Billion in the year 2024, is expected to reach US$50.6 Billion by 2030, growing at a CAGR of 12.7% over the analysis period 2024-2030. OSB / 1, one of the segments analyzed in the report, is expected to record a 10.8% CAGR and reach US$19.3 Billion by the end of the analysis period. Growth in the OSB / 2 segment is estimated at 12.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$7.5 Billion While China is Forecast to Grow at 17.6% CAGR
The Oriented Strand Board (OSB) market in the U.S. is estimated at US$7.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.0 Billion by the year 2030 trailing a CAGR of 17.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.5% and 11.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.
Global Oriented Strand Board (OSB) Market - Key Trends & Drivers Summarized
Oriented Strand Board (OSB) is a type of engineered wood product made from thin wood strands that are oriented in specific directions and bonded together with adhesives under heat and pressure. OSB is widely used in construction for sheathing in walls, floors, and roofs due to its strength, durability, and cost-effectiveness. The manufacturing process involves layering strands of wood in cross-oriented patterns, which gives OSB its impressive structural properties. This makes it a popular choice for load-bearing applications in both residential and commercial buildings.
The use of OSB has grown significantly due to its advantages over traditional plywood. It offers better uniformity, resistance to warping, and a lower cost, which makes it an attractive option for builders and contractors. OSB can be produced from a variety of wood species, including aspen, poplar, and southern yellow pine, making it a versatile and sustainable building material. Furthermore, advancements in adhesive technology and manufacturing processes have improved the moisture resistance and overall performance of OSB, expanding its applications in different climatic conditions.
The growth in the Oriented Strand Board (OSB) market is driven by several factors. Firstly, the increasing demand for cost-effective and sustainable building materials in the construction industry is a major driver. Secondly, advancements in manufacturing technologies are enhancing the strength, durability, and moisture resistance of OSB, making it suitable for a wider range of applications. Thirdly, the rising trend of prefabricated and modular construction is boosting the demand for OSB due to its ease of use and adaptability. Additionally, the growing emphasis on green building practices and the use of renewable resources are promoting the adoption of OSB. Furthermore, the recovery of the housing market and increased construction activities in emerging economies are creating new growth opportunities for OSB manufacturers. Lastly, supportive government policies and incentives for sustainable construction materials are further driving the growth of the OSB market.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!
APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook