Engineered Wood Market

The report "Engineered Wood Market by Type (Structural (CLT, GLULAM, OSB), Non - Structural (Plywood, Fibreboard, Particleboard)), Application (Construction, Furniture, Packaging), End-use Industry (Residential, Non - Residential), and Region (2025-2030)", size is projected to reach USD 405 billion by 2030 from USD 301 Billion in 2024 at a CAGR of 4.9% between 2025 and 2030. One of the largest markets for engineered wood worldwide is the Asia Pacific. The demand for engineered wood is increasing in the construction, and furniture. The demand from developing nations, such as China, India, Brazil, are expected to drive the global engineered wood market.

Browse 400 market data Tables and 75 Figures spread through 401 Pages and in-depth TOC on "Engineered Wood Market by Type (Structural (CLT, GLULAM, OSB), Non - Structural (Plywood, Fibreboard, Particleboard)), Application (Construction, Furniture, Packaging), End-use Industry (Residential, Non - Residential), and Region (2025-2030)"
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Non – Structural, by type segment is expected to hold largest share of the engineered wood market during the forecasted period.

In terms of volume for engineered wood market overall, non – structural type held the largest share in 2023. Non – structural engineered wood consists of plywood, fibreboard, particleboard. The non-structural engineered wood market is set to maintain a steady growth rate during the forecast period due to the growing demand for sustainable wood products.

Residential, by end-use industry segment hold the largest growing segment in overall engineered wood market during forecast period.

Residential end-use industry holds the largest share in terms of volume in overall engineered wood market. The highest volume of engineered wood is consumed for residential. Engineered wood are favoured due to its cost, and flexibility in the residential space. These woods are widely used in applications such as cabinetry, flooring, wall panelling, and furniture. The rising demand for ready-to-assemble furniture in urban households further supports the demand for engineered wood in residential space.

Construction segment is likely to account the largest share of application of the engineered wood market during the forecast period.

The construction segment has a great demand for engineered wood because of reliability, cost-effectiveness, and sustainability. These products are lightweight, strong, easy to install, making then ideal choice for framing, flooring, roofing, and wall sheathing. The global focus on sustainability made engineered wood an alternative for affordable housing and infrastructure development that in construction. engineered wood also reduces waste by utilizing wood pieces making it aligns with sustainable practices. This makes it first choice for construction projects with sustainability as prime focus. Technological advancements in cross-laminated timber (CLT), further fuelled engineered wood’s applications in mid-rise building construction.

Asia Pacific region likely to account the largest share of the global engineering wood market during forecasted period.

Asia-Pacific is the largest contributor to the engineered wood market due to the rapid urbanization and development in countries like China, India, and Southeast Asia. Demand for affordable housing and modular furniture has led to a substantial increase in both the consumption of plywood, fibreboard, and particle board in the region.

Growth in the construction sector along with aid from government in terms of infrastructure development in this region is expanding the demand for such low-cost versatile materials. Asia-Pacific key manufacturers are investing in advanced production technologies and sustainable practices, such as the use of recycled wood and bio-based adhesives to meet the demand of the global and local markets. Major consumption and export of this product come from China and India due to lower production costs.

Georgia – Pacific LLC (US), West Fraser Timber Co. Ltd. (US), WeyerHaeuser Company (US), LP Building Solutions (US), Kronospan (Austria), Egger (Austria), Sonae Aracuo (Portugal), are the key players in the global engineered wood market.

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