The major companies in the Global Laminated Veneer Lumber Market are Murphy, Metsa Group, Chesapeake Plywood LLC, Anderson Lumber Company, and ARCAT, Inc., among others.
The global laminated veneer lumber market reached a value of about USD 2.57 billion by 2020 and is further expected to register a significant CAGR of 10.5% in the forecast period of 2022-2027.
Laminated veneer lumber is a structural material formed from thin wood veneers that have been rotary peeled and sliced. Under great heat and pressure, they are glued together with waterproof adhesive. It has several benefits, including excellent durability, precise dimensioning, lightweight, and high strength. There are two varieties of laminated veneer lumber: laminated strand lumber (LSL) and cross-banded laminated veneer lumber. Furthermore, because they are cost-effective, they are widely employed in the construction of commercial and residential buildings.
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The residential segment, which accounted for a considerable market share based on the application, was followed by the commercial segment. The demand for laminated veneer lumber in the residential sector has risen due to rapid urbanisation in emerging nations since they are increasingly employed as bearing structures in the building of walls, floors, and roofs. The new construction industry dominated the global laminated veneer lumber market. Due to its exceptional strength, high dimensional stability, and impact bending, the segment is rising in popularity in structural applications.
North America is responsible for the largest market share in 2020 due to the rising demand for residential housing in the area. The renovation projects of buildings and furniture further work in favour of the market growth in the region.
Headquarters: Oregon, United States
A high performance more sustainable alternative to lumber, Murphy’s Laminated Veneer Lumber (LVL) beams, headers, and columns are used in structural applications to carry heavy loads with minimum weight. Murphy structural LVL products are manufactured in a controlled environment resulting in straighter, stronger, and more uniform product compared to milled lumber, creating a more stable and reliable product than dimensional lumber because it doesn’t twist and warp or shrink over time.
Headquarters: Helsinki, Finland
Metsa group operates on international markets of the industry, wherein they use the best renewable raw material in the world, that is, the northern wood, quite responsibly and efficiently. Their business corporation covers the entire value chain for wood, focusing on products such as papers, pulp, wood products, paperboard, and wood supply for forest services. They find their expertise in the fields, wherein they have a clear competitive advantage.
Headquarters: Baltimore, United States
Cheesecake Plywood offers a wide range of products, such as wholesale hardwood, plywood, fire-rated products, environmentally friendly FSC, marine wood, hardboard, particleboard, melamine, and no added formaldehyde sheet goods, among others. The company’s direct wholesale plywood distribution allows them to service furniture manufacturers, cabinet industry, store fixtures, display companies, casework companies, etc.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.