The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The development in green building construction is likely to stimulate innovation in oriented strand board manufacturing, propelling the market during the forecast period.

The global oriented strand board market is expected to grow from $20.85 billion in 2022 to $23.94 billion in 2023 at a compound annual growth rate (CAGR) of 14.79%. The global oriented strand board market size is expected to reach $40.54 billion in 2027 at a CAGR of 14.07%.

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Global Oriented Strand Board Market Segments Include:

• By Grade: Oriented Strand Board/1, Oriented Strand Board/2, Oriented Strand Board/3, Oriented Strand Board/4
• By Application: Construction, Furniture, Flooring, Packaging, Other Applications
• By Distribution Channel: Online, Offline
• By End User: Residential, Non-Residential
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global oriented strand board market in 2021.

Major Market Players 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.

Product innovation is a significant trend that is gaining traction in the oriented strand board industry. Companies in the oriented strand board industry are creating new goods to maintain their market position. For example, Medite Smartply, a UK-based manufacturer of sustainable timber panels, developed ‘The Smartply Sure Step’ in February 2022, an oriented strand board/3 panel with a durable finish. The Smartply Sure Step is made with a high-performance and unique coating that provides slip resistance as well as increased durability.

The Oriented Strand Board Global Market Report 2023  provides a oriented strand board market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The oriented strand board market forecast analyzes oriented strand board market size, oriented strand board market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

OSB is an engineered wood panel comprised of small strands or flakes of wood that are stacked in layers and bound together with resin or adhesive under high pressure and heat.

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