
North America Wood Products Market (Softwood Lumber, Oriented Strand Board & Plywood): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)
Description
North America Wood Products Market (Softwood Lumber, Oriented Strand Board & Plywood): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)
The North America wood products market is forecasted to reach US$243.9 billion in 2026, witnessing growth at a CAGR of 6.75%, over the period 2022-2026. The factors such as growing population, escalating new residential construction, high availability of forest reserves, surging demand for wooden furniture in offices and rising inclination of population towards home repair and remodeling would drive the growth of the market. However, the growth would be challenged by price fluctuations in North American softwood lumber and rising availability of the alternatives for wood products. A few notable trends include accelerating preference for engineered wood, upsurge in housing starts, growing investment in the development and renovation of tourism infrastructure and upswing in wood product manufacturing.
On the basis of type, the North America wood products demand can be divided into two categories, named as, Softwood Lumber and Engineered Wood Products (EWP).
The fastest growing market in the region is the U.S. due to rising inclination of population towards home repair and remodeling, rebound in new residential construction, high presence of forest reserves in the region, increasing disposable income and upswing in wood product manufacturing on account of aesthetically pleasing properties of wood, and the perception of wood as an environmentally friendly material.
Scope of the report:
The North America wood products market is forecasted to reach US$243.9 billion in 2026, witnessing growth at a CAGR of 6.75%, over the period 2022-2026. The factors such as growing population, escalating new residential construction, high availability of forest reserves, surging demand for wooden furniture in offices and rising inclination of population towards home repair and remodeling would drive the growth of the market. However, the growth would be challenged by price fluctuations in North American softwood lumber and rising availability of the alternatives for wood products. A few notable trends include accelerating preference for engineered wood, upsurge in housing starts, growing investment in the development and renovation of tourism infrastructure and upswing in wood product manufacturing.
On the basis of type, the North America wood products demand can be divided into two categories, named as, Softwood Lumber and Engineered Wood Products (EWP).
The fastest growing market in the region is the U.S. due to rising inclination of population towards home repair and remodeling, rebound in new residential construction, high presence of forest reserves in the region, increasing disposable income and upswing in wood product manufacturing on account of aesthetically pleasing properties of wood, and the perception of wood as an environmentally friendly material.
Scope of the report:
- The report provides a comprehensive analysis of the global hydrogen market segmented on the basis of production process, application and region.
- The major regional and country markets (Asia Pacific, Europe, North America, Middle East & Africa and Central & South America, along with the U.S.) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Linde PLC, Air Liquide S.A., Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corporation, Messer Group GmbH and Nel ASA) are also presented in detail.
- Wood Products Manufacturers
- Traders, Importers and Exporters
- Raw Material Suppliers and Distributors
- Industry Investors
- Associations, Industrial and Government Bodies
Table of Contents
99 Pages
- 1. Market Overview
- 1.1 Introduction
- 1.2 Categorization of Wood Products
- Table 1: Categorization of Wood Products
- 1.3 Simplified Classification of Wood Products
- Table 2: Simplified Classification of Wood Products
- 1.4 Major Kinds of Products Made from Wood
- Table 3: Major Kinds of Products Made from Wood
- 1.5 Manufacturing Process of Lumber
- Table 4: Manufacturing Process of Lumber
- 1.6 Stratification of Softwood Lumber
- 1.7 Advantages of Wood Products
- Table 5: Advantages of Wood Products
- 1.8 Oriented Strand Board Applications by Thickness
- Table 6: Oriented Strand Board Applications by Thickness
- 2. Impact of COVID-19
- 2.1 Decline in Raw Wood Material Consumption
- Table 7: The U.S. Raw Wood Material Consumption (2019 v/s 2020)
- 2.2 Drop in Construction Activities
- Table 8: New Construction put in place in the U.S. (2016-2020)
- 2.3 Reduction in Global Real Estate Investment
- Table 9: Global Commercial Real Estate Investment Transactions (2019 v/s 2020)
- 2.4 Downfall in Sales of Furniture Stores
- Table 10: Monthly Retail Sales of Furniture & Home Furnishing Stores in the U.S. (2019 v/s 2020)
- 2.5 Decrease in North American OSB Shipments
- Table 11: OSB Shipments of West Fraser Inc. (2016-2020)
- 3. North America Market Analysis
- 3.1 North America Wood Products Market by Value
- Table 12: North America Wood Products Market by Value (2017-2021)
- 3.2 North America Wood Products Market Forecast by Value
- Table 13: North America Wood Products Market Forecast by Value (2022-2026)
- 3.3 North America Wood Products Demand Volume
- Table 14: North America Wood Products Demand Volume (2017-2021)
- 3.4 North America Wood Products Demand Volume Forecast
- Table 15: North America Wood Products Demand Volume Forecast (2022-2026)
- 3.5 North America Wood Products Demand by Type
- Table 16: North America Wood Products Demand by Type (2021)
- 3.5.1 North America Softwood Lumber Wood Products Demand by Volume
- Table 17: North America Softwood Lumber Wood Products Demand by Volume (2017-2021)
- 3.5.2 North America Softwood Lumber Wood Products Demand Forecast by Volume
- Table 18: North America Softwood Lumber Wood Products Demand Forecast by Volume (2022-2026)
- 3.5.3 North America Softwood Lumber Wood Products Demand Volume by End-Use
- Table 19: North America Softwood Lumber Wood Products Demand Volume by End-Use (2017-2021)
- 3.5.4 North America Softwood Lumber Wood Products Demand Volume Forecast by End-Use
- Table 20: North America Softwood Lumber Wood Products Demand Volume Forecast by End-Use (2022-2026)
- 3.5.5 North America Engineered Wood Products Demand by Volume
- Table 21: North America Engineered Wood Products Demand by Volume (2017-2021)
- 3.5.6 North America Engineered Wood Products Demand Forecast by Volume
- Table 22: North America Engineered Wood Products Demand Forecast by Volume (2022-2026)
- 3.5.7 North America Engineered Wood Products Demand by Type
- Table 23: North America Engineered Wood Products Demand by Type (2021)
- 3.5.8 North America Oriented Strand Board Wood Products Demand by Volume
- Table 24: North America Oriented Strand Board Wood Products Demand by Volume (2017-2021)
- 3.5.9 North America Oriented Strand Board Wood Products Demand Forecast by Volume
- Table 25: North America Oriented Strand Board Wood Products Demand Forecast by Volume (2022-2026)
- 3.5.10 North America Oriented Strand Board Wood Products Demand Volume by End-Use
- Table 26: North America Oriented Strand Board Wood Products Demand Volume by End-Use (2017-2021)
- 3.5.11 North America Oriented Strand Board Wood Products Demand Volume Forecast by End-Use
- Table 27: North America Oriented Strand Board Wood Products Demand Volume Forecast by End-Use (2022-2026)
- 3.5.12 North America Plywood Products Demand by Volume
- Table 28: North America Plywood Products Demand by Volume (2017-2021)
- 3.5.13 North America Plywood Products Demand Forecast by Volume
- Table 29: North America Plywood Products Demand Forecast by Volume (2022-2026)
- 3.5.14 North America Plywood Products Demand Volume by End-Use
- Table 30: North America Plywood Products Demand Volume by End-Use (2017-2021)
- 3.5.15 North America Plywood Products Demand Volume Forecast by End-Use
- Table 31: North America Plywood Products Demand Volume Forecast by End-Use 2022-2026)
- 3.5.16 North America Other Engineered Wood Products Demand by Volume
- Table 32: North America Other Engineered Wood Products Demand by Volume (2017-2021)
- 3.5.17 North America Other Engineered Wood Products Demand Forecast by Volume
- Table 33: North America Other Engineered Wood Products Demand Forecast by Volume (2021-2026)
- 3.6 North America I-Joist Production by Volume
- Table 34: North America I-Joist Production by Volume (2017-2021)
- 3.7 North America Laminated Veneer Lumber Production by Volume
- Table 35: North America Laminated Veneer Lumber Production by Volume (2017-2021)
- 3.8 North America Medium Density Fiberboard Production by Volume
- Table 36: North America Medium Density Fiberboard Production by Volume (2017-2021)
- 3.9 North America Softwood Lumber Demand by Country
- Table 37: North America Softwood Lumber Demand by Country (2021)
- 3.10 North America Oriented Strand Board Demand by Country
- Table 38: North America Oriented Strand Board Demand by Country (2021)
- 3.11 North America Plywood Demand by Country
- Table 39: North America Plywood Demand by Country (2021)
- 4. Country Market Analysis
- 4.1 The U.S.
- 4.1.1 The U.S. Softwood Lumber Wood Products Demand Forecast by Volume
- Table 40: The U.S. Softwood Lumber Wood Products Demand Forecast by Volume (2021-2026)
- 4.1.2 The U.S. Softwood Lumber Wood Products Demand Volume by End-Use
- Table 41: The U.S. Softwood Lumber Wood Products Demand Volume by End-Use (2021)
- 4.1.3 The U.S. Oriented Strand Board Wood Products Demand Forecast by Volume
- Table 42: The U.S. Oriented Strand Board Wood Products Demand Forecast by Volume (2021-2026)
- 4.1.4 The U.S. Oriented Strand Board Wood Products Demand Volume by End-Use
- Table 43: The U.S. Oriented Strand Board Wood Products Demand Volume by End-Use (2021)
- 4.1.5 The U.S. Plywood Products Demand Forecast by Volume
- Table 44: The U.S. Plywood Products Demand Forecast by Volume (2021-2026)
- 4.2 Canada
- 4.2.1 Canada Softwood Lumber Wood Products Demand Forecast by Volume
- Table 45: Canada Softwood Lumber Wood Products Demand Forecast by Volume (2021-2026)
- 4.2.2 Canada Softwood Lumber Wood Products Demand Volume by End-Use
- Table 46: Canada Softwood Lumber Wood Products Demand Volume by End-Use (2021)
- 4.2.3 Canada Oriented Strand Board Wood Products Demand Forecast by Volume
- Table 47: Canada Oriented Strand Board Wood Products Demand Forecast by Volume (2021-2026)
- 4.2.4 Canada Oriented Strand Board Products Demand Volume by End-Use
- Table 48: Canada Oriented Strand Board Products Demand Volume by End-Use (2021)
- 4.2.5 Canada Plywood Products Demand Forecast by Volume
- Table 49: Canada Plywood Products Demand Forecast by Volume (2021-2026)
- 5. Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Growing Population
- Table 50: Resident Population of the U.S. (2017-2021)
- 5.1.2 Escalating New Residential Construction
- Table 51: The U.S New Residential Construction Spending (2017-2021)
- 5.1.3 High Availability of Forest Reserve
- Table 52: Ten Countries with the Largest Forest Area (2020)
- 5.1.4 Surging Demand for Wooden Furniture in Offices
- Table 53: The U.S. Office Furniture Market Value Forecast (2016-2025)
- 5.1.5 Increasing Disposable Income
- Table 54: Per Capita Disposable Personal Income in the U.S. (2017-2021)
- 5.1.6 Rising Inclination towards Home Repair & Remodeling
- Table 55: Homeowner Improvements & Repair Expenditure in the U.S. (2016-2021)
- 5.2 Key Trends and Developments
- 5.2.1 Accelerating Preference for Engineered Wood
- Table 56: Veneer, Plywood & Engineered Wood Product Manufacturing Revenue in the U.S. (2016-2024)
- 5.2.2 Upsurge in Housing Starts
- Table 57: Number of New Single Family Home Construction in the U.S. (2016-2022)
- 5.2.3 Growing Investment in the Development & Renovation of Tourism Infrastructure
- Table 58: The U.S. Capital Investment in Travel & Tourism Forecast (2016-2022)
- 5.2.4 Upswing in Wood Product Manufacturing
- Table 59: The U.S. Wood Product Manufacturing Revenue (2016-2024)
- 5.2.5 Mounting Adoption for Biomass Energy Production
- Table 60: Forecasted Biomass Energy Production in the U.S. (2019-2050)
- 5.3 Challenges
- 5.3.1 Price Fluctuations in North American Softwood Lumber
- Table 61: North American Softwood Lumber Pricing (2017-2021)
- 5.3.2 Rising Availability of Alternatives
- 6. Competitive Landscape
- 6.1.1 North America Softwood Lumber Market Share by Key Players
- Table 62: North America Softwood Lumber Market Share by Key Players (2021)
- 6.1.2 North America Oriented Strand Board (OSB) Market Share by Key Players
- Table 63: North America Oriented Strand Board (OSB) Market Share by Key Players (2021)
- 6.1.3 North America Plywood Market Share by Key Players
- Table 64: North America Plywood Market Share by Key Players (2021)
- 7. Company Profiles
- 7.1 Weyerhaeuser Company
- 7.1.1 Business Overview
- 7.2 West Fraser Timber Co. Ltd.
- 7.2.1 Business Overview
- 7.3 Canfor Corporation
- 7.3.1 Business Overview
- 7.4 Louisiana-Pacific Corporation
- 7.4.1 Business Overview
- 7.5 Interfor Corporation
- 7.5.1 Business Overview
- 7.6 Conifex Timber Inc.
- 7.6.1 Business Overview
Pricing
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