Oriented Strand Board Market Overview | Size, Share & Future Trends | Forecast To 2022

 The global Oriented Strand Board (OSB) Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. 

Market Overview: 

Global oriented strand board (OSB) market size was estimated over USD 8.0 million in 2014. The growing substitution of plywood by OSB in applications such as residential construction and commercial sector is expected to have a positive impact on market demand. 

Key Players:

• Norbord Inc.
• Weyerhaeuser
• Sonae Industria
• Egger
• Huber
• Coillte
• Tolko 

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Growth Drivers: 

The high strength to weight ratio and easy installation advantages provided by oriented strand board are driving market growth of these products. 

Increasing consumption of office furniture and home furniture is likely to propel demand over the forecast period. The product finds application in various industries for packaging as it exhibits properties such as durability, core-voids, rigidity, moisture resistance grade, lightness, and lack of knot holes. 

Fluctuating raw material prices can act as a restraint to the market demand. The adhesives used in the manufacturing of OSB are obtained from the petroleum industry. The price fluctuations in the petroleum industry are expected to impact negatively on the manufacturing activity. 

Application Outlook: 

• Construction
• Packaging 

Regional Insights: 

This product is consumed for both non-structural and structural applications such as shelving, pallet manufacture, frames, furniture, industrial tabletops, dry storage pallets, packaging and crafting. Technological advancements in countries such as Brazil, Russia, China, and India for the development of new products is anticipated to create new growth avenues over the forecast period. 

In terms of volume, North America was the largest global market and accounted for over 55.0% in market share owing to raw material availability and strong environmental regulations. The growing export from Canada is expected to drive market growth over the forecast period. 

Asia Pacific witnessed rapid growth in construction and packaged foods industry. The rising disposable income coupled with urbanization in emerging economies is expected to have a positive impact on market demand for oriented strand board. 

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