According to IMARC Group’s latest report, titled “Laminated Veneer Lumber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the laminated veneer lumber market share.
The global laminated veneer lumber market size reached US$ 5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6 Billion by 2027, exhibiting a CAGR of 2.8% during 2022-2027. Laminated veneer lumber (LVL) refers to an engineered wood product made from peeled and sliced thin wood veneers that are bonded together with weatherproof glue under high heat and pressure. It is a lightweight material that offers high strength, durability, dimensional precision, uniformity and the ability to span long distances. LVL finds application in public buildings, large-prefabricated buildings, product components, industrial warehouses and customized wooden houses. It can also be used for structural framing in residential and commercial construction, like beams, lintels, purlins, joists, truss chords, concrete formwork, and scaffold boards.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Laminated Veneer Lumber Market Trends:
The primary factor driving the global laminated veneer lumber market is the revival of the construction industry. This has led to an increase in the construction of residential, commercial, and infrastructural projects, thereby escalating the demand for LVL worldwide. Besides this, LVL is easily available as a substitute for traditional building materials, like concrete and structural steel. It is also resistant to insects and water and requires less construction time. Due to this, it has gained momentum in the United States and several European countries. Some of the other factors bolstering the market growth are rapid urbanization, growing disposable incomes of consumers and the ongoing research exploring the feasibility of manufacturing LVL using different types of materials.
Laminated Veneer Lumber Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the laminated veneer lumber market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- STEICO SE
- Louisiana-Pacific Corporation
- Roseburg Forest Products Co.
- UFP Industries, Inc.
- Brisco Manufacturing Ltd.
- Huber Engineered Woods LLC
- Murphy Company
- Weyerhaeuser Company
- Boise Cascade Company
- Nelson Pine Industries Limited
- Stora Enso Oyj
- Magnus Plywood Pvt. Ltd.
Key Market Segmentation:
The report has segmented the global laminated veneer lumber market on the basis of Residential and Commercial Application, New Construction and Replacement Sector and region.
Breakup by Residential and Commercial Application:
- Residential
- Commercial
Breakup by New Construction and Replacement Sector:
- New Construction
- Replacement
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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