The oriented strand board market size has grown rapidly in recent years. It will grow from $27.38 billion in 2024 to $31.51 billion in 2025 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to the housing construction boom, cost-effectiveness of OSB, environmental sustainability, renovation and remodeling trends, urbanization, and infrastructure development.
The oriented strand board market size is expected to see rapid growth in the next few years. It will grow to $53.44 billion in 2029 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to global population growth, advancements in specialty OSB products, resilience to economic fluctuations, focus on energy-efficient construction, innovation in construction design. Major trends in the forecast period include digital transformation in construction, technological advancements in manufacturing, teleophthalmology integration, focus on combination therapies, biosimilars in ophthalmology.
The anticipated surge in the construction of green buildings is poised to drive the growth of the oriented strand board market. Green buildings, focusing on environmentally responsible and resource-efficient practices, utilize oriented strand board (OSB) in various capacities such as structural sheathing material, insulated panels, and roof planking. As of November 2022, the U.S. Green Building Council reported a 19% increase in green building certifications worldwide, spanning approximately 184 countries through certifications provided by entities such as the World Green Building Council and Leadership in Energy and Environmental Design (LEED). This upsurge in green building construction serves as a significant driver for the oriented strand board market's expansion.
The increasing trend in home remodeling is expected to drive the growth of the oriented strand board (OSB) market in the future. Home remodeling involves renovating or enhancing a residential property, which often includes alterations to its structure, layout, or aesthetic features. OSB is widely used in home remodeling for applications such as sheathing, subflooring, and structural purposes due to its affordability, strength, and versatility. For example, in July 2023, Angi, a US-based internet services company focused on home services, reported that the average total spending on home improvement, maintenance, and emergencies in 2023 reached $13,667 across an average of 11.1 projects, representing a 6% increase from 2022. Therefore, the growing trend of home remodeling is driving the oriented strand board market.
A notable trend within the oriented strand board market is the emphasis on product innovation. Companies operating in this market are actively innovating to maintain their competitive edge. For example, in February 2022, Medite Smartply, a UK-based sustainable timber panel manufacturer, introduced 'The Smartply Sure Step,' an oriented strand board/3 panel equipped with a durable coating. This innovation features a high-performance coating ensuring slip resistance and enhanced durability, showcasing the industry's commitment to ongoing product advancements.
Major players in the oriented strand board market are directing their efforts towards developing panel solutions, particularly cost-effective wood strands, to meet the demand for superior engineered wood products. For instance, in March 2023, Strandply OSB, an India-based plywood supplier, launched a cost-effective board made of wood strands, known as Oriented Strand Board (OSB). This innovative solution, comprising 100% eucalyptus and pure resin, is a flat panel product utilizing adhesives and compression techniques, offering advantages in efficiency and quality compared to traditional plywood, and without the need for heating or sanding.
In April 2023, LP Building Solutions, a US-based manufacturer of engineered wood products, acquired Forex's Wawa OSB facility for an undisclosed amount. This acquisition was intended to expand LP Building Solutions' production capacity and bolster its position in the oriented strand board (OSB) market, with an emphasis on improving its product offerings and operational efficiencies. Forex, based in Canada, produces oriented strand board (OSB) and other forest products.
Major companies operating in the oriented strand board market include EGGER Holzwerkstoffe Brilon GmbH & Co. KG., Kronospan Ltd., Louisiana Pacific Corporation, West Fraser Timber Co. Ltd., Swiss Krono Group, Sonae Industria SGPS SA, Norbord Inc., Tolko Industries Ltd., Weyerhaeuser Company, Ainsworth Lumber Co. Ltd., Arbec Forest Products Inc., Roy O. Martin Lumber Company LLC, Suncrest Plydecor, Hutchison Incorporated., LP Building Solutions, Huber Engineered Woods LLC, Georgia-Pacific Wood Products LLC, PotlatchDeltic Corporation, Stora Enso Oyj, Metsä Group, Dongwha Enterprise Co. Ltd., Hexion Inc., Nippon Paper Industries Co. Ltd., Ormet S.p.A., Pfleiderer Group, Resolute Forest Products Inc., Stimson Lumber Company.
North America was the largest region in the oriented strand board market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global oriented strand board market report during the forecast period. The regions covered in the oriented strand board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the oriented strand board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Oriented Strand Board (OSB) stands as an engineered wood panel crafted from small wood strands or flakes. These components are arranged in layers and bonded together using resin or adhesive, employing high pressure and heat in the manufacturing process.
The primary grades of OSB include Oriented Strand Board/1, Oriented Strand Board/2, Oriented Strand Board/3, and Oriented Strand Board/4. Oriented Strand Board/1 denotes an engineered wood panel created from wood strands bonded via resins. This versatile material finds application in construction for building purposes and in crafting boards for interior fitments. It serves various industries including construction, furniture, flooring, packaging, and more, distributed through both online and offline channels to cater to residential and non-residential end users.
The oriented strand board market research report is one of a series of new reports that provides oriented strand board market statistics, including the oriented strand board industry's global market size, regional shares, competitors with an oriented strand board market share, detailed oriented strand board market segments, market trends, and opportunities, and any further data you may need to thrive in the oriented strand board industry. This oriented strand board market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The oriented strand board market consists of sales of wood fiber, waterproof resin binders, and long strands. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The oriented strand board market size is expected to see rapid growth in the next few years. It will grow to $53.44 billion in 2029 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to global population growth, advancements in specialty OSB products, resilience to economic fluctuations, focus on energy-efficient construction, innovation in construction design. Major trends in the forecast period include digital transformation in construction, technological advancements in manufacturing, teleophthalmology integration, focus on combination therapies, biosimilars in ophthalmology.
The anticipated surge in the construction of green buildings is poised to drive the growth of the oriented strand board market. Green buildings, focusing on environmentally responsible and resource-efficient practices, utilize oriented strand board (OSB) in various capacities such as structural sheathing material, insulated panels, and roof planking. As of November 2022, the U.S. Green Building Council reported a 19% increase in green building certifications worldwide, spanning approximately 184 countries through certifications provided by entities such as the World Green Building Council and Leadership in Energy and Environmental Design (LEED). This upsurge in green building construction serves as a significant driver for the oriented strand board market's expansion.
The increasing trend in home remodeling is expected to drive the growth of the oriented strand board (OSB) market in the future. Home remodeling involves renovating or enhancing a residential property, which often includes alterations to its structure, layout, or aesthetic features. OSB is widely used in home remodeling for applications such as sheathing, subflooring, and structural purposes due to its affordability, strength, and versatility. For example, in July 2023, Angi, a US-based internet services company focused on home services, reported that the average total spending on home improvement, maintenance, and emergencies in 2023 reached $13,667 across an average of 11.1 projects, representing a 6% increase from 2022. Therefore, the growing trend of home remodeling is driving the oriented strand board market.
A notable trend within the oriented strand board market is the emphasis on product innovation. Companies operating in this market are actively innovating to maintain their competitive edge. For example, in February 2022, Medite Smartply, a UK-based sustainable timber panel manufacturer, introduced 'The Smartply Sure Step,' an oriented strand board/3 panel equipped with a durable coating. This innovation features a high-performance coating ensuring slip resistance and enhanced durability, showcasing the industry's commitment to ongoing product advancements.
Major players in the oriented strand board market are directing their efforts towards developing panel solutions, particularly cost-effective wood strands, to meet the demand for superior engineered wood products. For instance, in March 2023, Strandply OSB, an India-based plywood supplier, launched a cost-effective board made of wood strands, known as Oriented Strand Board (OSB). This innovative solution, comprising 100% eucalyptus and pure resin, is a flat panel product utilizing adhesives and compression techniques, offering advantages in efficiency and quality compared to traditional plywood, and without the need for heating or sanding.
In April 2023, LP Building Solutions, a US-based manufacturer of engineered wood products, acquired Forex's Wawa OSB facility for an undisclosed amount. This acquisition was intended to expand LP Building Solutions' production capacity and bolster its position in the oriented strand board (OSB) market, with an emphasis on improving its product offerings and operational efficiencies. Forex, based in Canada, produces oriented strand board (OSB) and other forest products.
Major companies operating in the oriented strand board market include EGGER Holzwerkstoffe Brilon GmbH & Co. KG., Kronospan Ltd., Louisiana Pacific Corporation, West Fraser Timber Co. Ltd., Swiss Krono Group, Sonae Industria SGPS SA, Norbord Inc., Tolko Industries Ltd., Weyerhaeuser Company, Ainsworth Lumber Co. Ltd., Arbec Forest Products Inc., Roy O. Martin Lumber Company LLC, Suncrest Plydecor, Hutchison Incorporated., LP Building Solutions, Huber Engineered Woods LLC, Georgia-Pacific Wood Products LLC, PotlatchDeltic Corporation, Stora Enso Oyj, Metsä Group, Dongwha Enterprise Co. Ltd., Hexion Inc., Nippon Paper Industries Co. Ltd., Ormet S.p.A., Pfleiderer Group, Resolute Forest Products Inc., Stimson Lumber Company.
North America was the largest region in the oriented strand board market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global oriented strand board market report during the forecast period. The regions covered in the oriented strand board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the oriented strand board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Oriented Strand Board (OSB) stands as an engineered wood panel crafted from small wood strands or flakes. These components are arranged in layers and bonded together using resin or adhesive, employing high pressure and heat in the manufacturing process.
The primary grades of OSB include Oriented Strand Board/1, Oriented Strand Board/2, Oriented Strand Board/3, and Oriented Strand Board/4. Oriented Strand Board/1 denotes an engineered wood panel created from wood strands bonded via resins. This versatile material finds application in construction for building purposes and in crafting boards for interior fitments. It serves various industries including construction, furniture, flooring, packaging, and more, distributed through both online and offline channels to cater to residential and non-residential end users.
The oriented strand board market research report is one of a series of new reports that provides oriented strand board market statistics, including the oriented strand board industry's global market size, regional shares, competitors with an oriented strand board market share, detailed oriented strand board market segments, market trends, and opportunities, and any further data you may need to thrive in the oriented strand board industry. This oriented strand board market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The oriented strand board market consists of sales of wood fiber, waterproof resin binders, and long strands. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Oriented Strand Board Market Characteristics3. Oriented Strand Board Market Trends and Strategies4. Oriented Strand Board Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Oriented Strand Board Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Oriented Strand Board Market34. Recent Developments in the Oriented Strand Board Market
5. Global Oriented Strand Board Growth Analysis and Strategic Analysis Framework
6. Oriented Strand Board Market Segmentation
7. Oriented Strand Board Market Regional and Country Analysis
8. Asia-Pacific Oriented Strand Board Market
9. China Oriented Strand Board Market
10. India Oriented Strand Board Market
11. Japan Oriented Strand Board Market
12. Australia Oriented Strand Board Market
13. Indonesia Oriented Strand Board Market
14. South Korea Oriented Strand Board Market
15. Western Europe Oriented Strand Board Market
16. UK Oriented Strand Board Market
17. Germany Oriented Strand Board Market
18. France Oriented Strand Board Market
19. Italy Oriented Strand Board Market
20. Spain Oriented Strand Board Market
21. Eastern Europe Oriented Strand Board Market
22. Russia Oriented Strand Board Market
23. North America Oriented Strand Board Market
24. USA Oriented Strand Board Market
25. Canada Oriented Strand Board Market
26. South America Oriented Strand Board Market
27. Brazil Oriented Strand Board Market
28. Middle East Oriented Strand Board Market
29. Africa Oriented Strand Board Market
30. Oriented Strand Board Market Competitive Landscape and Company Profiles
31. Oriented Strand Board Market Other Major and Innovative Companies
35. Oriented Strand Board Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Oriented Strand Board Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on oriented strand board market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for oriented strand board? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The oriented strand board market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Grade: Oriented Strand Board/1; Oriented Strand Board/2; Oriented Strand Board/3; Oriented Strand Board/42) By Application: Construction; Furniture; Flooring; Packaging; Other Applications
3) By Distribution Channel: Online; Offline
4) By End User: Residential; Non-Residential
Subsegments:
1) By Oriented Strand Board or 1 (OSB or 1): Interior Dry Use; General Purpose2) By Oriented Strand Board or 2 (OSB or 2): Load-Bearing Applications; Structural Use
3) By Oriented Strand Board or 3 (OSB or 3): Moisture-Resistant Applications; Load-Bearing in Humid Conditions
4) By Oriented Strand Board or 4 (OSB or 4): Heavy Load-Bearing Applications; External Applications in Severe Conditions
Key Companies Mentioned: EGGER Holzwerkstoffe Brilon GmbH & Co. KG.; Kronospan Ltd.; Louisiana Pacific Corporation; West Fraser Timber Co. Ltd.; Swiss Krono Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- EGGER Holzwerkstoffe Brilon GmbH & Co. KG.
- Kronospan Ltd.
- Louisiana Pacific Corporation
- West Fraser Timber Co. Ltd.
- Swiss Krono Group
- Sonae Industria SGPS SA
- Norbord Inc.
- Tolko Industries Ltd.
- Weyerhaeuser Company
- Ainsworth Lumber Co. Ltd.
- Arbec Forest Products Inc.
- Roy O. Martin Lumber Company LLC
- Suncrest Plydecor
- Hutchison Incorporated.
- LP Building Solutions
- Huber Engineered Woods LLC
- Georgia-Pacific Wood Products LLC
- PotlatchDeltic Corporation
- Stora Enso Oyj
- Metsä Group
- Dongwha Enterprise Co. Ltd.
- Hexion Inc.
- Nippon Paper Industries Co. Ltd.
- Ormet S.p.A.
- Pfleiderer Group
- Resolute Forest Products Inc.
- Stimson Lumber Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 31.51 Billion |
| Forecasted Market Value ( USD | $ 53.44 Billion |
| Compound Annual Growth Rate | 14.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 27 |
