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Global Laminated Veneer Lumber Market: By Application: Residential, Commercial; By Sector: New Construction, Replacement, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Manufacturing Process; Loans and Financial Assistance; Competitive Landscape; Industry Events and Developments

Global Laminated Veneer Lumber Market Outlook

The global laminated veneer lumber market attained a value of USD 2.57 billion in 2020. The market is further anticipated to register a significant CAGR of 10.5% over the forecast period of 2022-2027 to reach USD 4.69 billion by 2026.

 

Global Laminated Veneer Lumber Market

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Based on the application, the residential segment accounted for a significant market share, followed by the commercial segment. Rapid urbanisation in the emerging economies has propelled the demand for laminated veneer lumber in the residential sector as they are increasingly used as bearing structures in the construction of walls, floors, and roofs. Based on the sector, the new construction segment dominated the global laminated veneer lumber market. The segment growth can be accredited to its growing adoption in structural applications due to its superior strength, high dimensional stability, and impact bending.

Regionally, North America is accounted to hold the largest market share in 2020 owing to the rising demand for residential housing in the region. Renovation projects of buildings and furniture are further expected to drive the industry growth.

 

Properties and Applications

Laminated veneer lumber is a structural material made by rotary peeled and sliced thin wood veneers. They are bonded together with weatherproof glue under high heat and pressure. It offers various advantages such as high durability, precise dimension, light-weighted, and high strength. Laminated veneer lumber is available in two sub-types that include laminated strand lumber (LSL) and cross-banded laminated veneer lumber. Moreover, they are extensively used in the construction of commercial and residential buildings as it is cost effective.

 

Global Laminated Veneer Lumber Market By Sector

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The market can be broadly segregated on the basis of its application segment into:

  • Residential 
  • Commercial

Based on the sector, the global laminated veneer lumber market is divided into:

  • New Construction
  • Replacement
  • Others

The EMR report looks into the regional markets in the global laminated veneer lumber market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Laminated Veneer Lumber Market By Region

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Market Analysis

Laminated veneer lumber is an effective solution for permanent structural applications in large prefabricated buildings, public buildings, product components, customised wooden houses, and industrial warehouses. The major uses of the laminated veneer lumber include structural framing for commercial and residential construction such as lintels, beams, joists, purlins, concrete formwork, truss chords, and scaffold boards. Furthermore, laminated veneer lumber-based structures do not require solid foundations and are easy to install; thus, they are likely to create a massive demand over the forecast period. It is extensively deployed in Europe and the United States, as an alternative to structural steel or reinforced concrete. Also, the rise in the construction of large prefabricated buildings, customised wooden houses, and industrial warehouses is further driving the market growth. Revival in the construction industry, mostly in the developed regions, has led to an increase in the construction of commercial, residential, and infrastructural projects, thereby fostering the demand for laminated veneer lumber across the globe. However, the availability of alternatives for the product is expected to restrain the growth of the market. Also, uncertainties in the economic scenario and infrastructural risks are some of the other factors impeding the growth of the market.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global laminated veneer lumber market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Anderson Lumber Company
  • Murphy
  • METSÄ Group Companies
  • Chesapeake Plywood
  • ARCAT, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Sector, Region
Breakup by Application Residential, Commercial
Breakup by Sector New Construction, Replacement, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Anderson Lumber Company, Murphy, METSÄ Group Companies, Chesapeake Plywood, ARCAT, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Engineered Wood Market Overview
    8.1    Key Industry Highlights
    8.2    Global Engineered Wood Historical Market (2017-2021)
    8.3    Global Engineered Wood Market Forecast (2022-2027)
    8.4    Global Engineered Wood Market by Product Type
    8.5    Global Engineered Wood Market by Application
    8.6    Global Engineered Wood Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Global Laminated Veneer Lumber Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Laminated Veneer Lumber Historical Market (2017-2021)
    9.3    Global Laminated Veneer Lumber Market Forecast (2022-2027)
    9.4    Global Laminated Veneer Lumber Market by Application
        9.4.1    Residential
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2017-2021)
            9.4.1.3    Forecast Trend (2022-2027)
        9.4.2    Commercial
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2017-2021)
            9.4.2.3    Forecast Trend (2022-2027)
    9.5    Global Laminated Veneer Lumber Market by Sector
        9.5.1    New Construction
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2017-2021)
            9.5.1.3    Forecast Trend (2022-2027)
        9.5.2    Replacement
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2017-2021)
            9.5.2.3    Forecast Trend (2022-2027)
        9.5.3    Others
    9.6    Global Laminated Veneer Lumber Market by Region
        9.6.1    Market Share
            9.6.1.1    North America
            9.6.1.2    Europe
            9.6.1.3    Asia Pacific
            9.6.1.4    Latin America
            9.6.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2017-2021)
        10.1.2    Forecast Trend (2022-2027)
        10.1.3    Breakup by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2017-2021)
        10.2.2    Forecast Trend (2022-2027)
        10.2.3    Breakup by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2017-2021)
        10.3.2    Forecast Trend (2022-2027)
        10.3.3    Breakup by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2017-2021)
        10.4.2    Forecast Trend (2022-2027)
        10.4.3    Breakup by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2017-2021)
        10.5.2    Forecast Trend (2022-2027)
        10.5.3    Breakup by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
        11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Manufacturing Process
    12.1    Detailed Process Flow
    12.2    Operations Involved
    12.3    Mass Balance
13    Value Chain Analysis
14    Price Analysis
    14.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    14.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    14.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    14.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    14.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
15    Project Details, Requirements and Costs Involved
    15.1    Land Requirement and Expenditures
    15.2    Construction Requirements and Expenditures
    15.3    Plant Machinery
    15.4    Plant Layout
    15.5    Machinery Pictures
    15.6    Raw Material Requirements and Expenditures
    15.7    Raw Material and Final Product Pictures
    15.8    Packaging Requirements and Expenditures
    15.9    Transportation Requirements and Expenditures
    15.10    Utility Requirements
    15.11    Manpower Requirements and Expenditures
    15.12    Other Capital Investments
16    Loans and Financial Assistance
17    Project Economics
    17.1    Capital Cost of the Project
    17.2    Techno-Economic Parameters
    17.3    Product Pricing
    17.4    Income Projections
    17.5    Expenditure Projections
    17.6    Taxation and Depreciation
    17.7    Financial Analysis
    17.8    Profit Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players’ Market Share
    18.3    Company Profiles
        18.3.1    Anderson Lumber Company
            18.3.1.1    Company Overview
            18.3.1.2    Product Portfolio
            18.3.1.3    Demographic Reach and Achievements
            18.3.1.4    Certifications
        18.3.2    Murphy
            18.3.2.1    Company Overview
            18.3.2.2    Product Portfolio
            18.3.2.3    Demographic Reach and Achievements
            18.3.2.4    Certifications
        18.3.3    METSÄ Group Companies
            18.3.3.1    Company Overview
            18.3.3.2    Product Portfolio
            18.3.3.3    Demographic Reach and Achievements
            18.3.3.4    Certifications
        18.3.4    Chesapeake Plywood
            18.3.4.1    Company Overview
            18.3.4.2    Product Portfolio
            18.3.4.3    Demographic Reach and Achievements
            18.3.4.4    Certifications
        18.3.5    ARCAT, Inc.
            18.3.5.1    Company Overview
            18.3.5.2    Product Portfolio
            18.3.5.3    Demographic Reach and Achievements
            18.3.5.4    Certifications
        18.3.6    Others
19    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Engineered Wood Market: Key Industry Highlights, 2016 and 2026
2.    Global Engineered Wood Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3.    Global Engineered Wood Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4.    Global Engineered Wood Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Engineered Wood Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Engineered Wood Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Engineered Wood Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    Global Laminated Veneer Lumber Market: Key Industry Highlights, 2016 and 2026
9.    Global Laminated Veneer Lumber Historical Market: Breakup by Application (USD Billion), 2017-2021
10.    Global Laminated Veneer Lumber Market Forecast: Breakup by Application (USD Billion), 2022-2027
11.    Global Laminated Veneer Lumber Historical Market: Breakup by Sector (USD Billion), 2017-2021
12.    Global Laminated Veneer Lumber Market Forecast: Breakup by Sector (USD Billion), 2022-2027
13.    Global Laminated Veneer Lumber Historical Market: Breakup by Region (USD Billion), 2017-2021
14.    Global Laminated Veneer Lumber Market Forecast: Breakup by Region (USD Billion), 2022-2027
15.    North America Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2017-2021
16.    North America Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2022-2027
17.    Europe Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2017-2021
18.    Europe Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2022-2027
19.    Asia Pacific Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2017-2021
20.    Asia Pacific Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2022-2027
21.    Latin America Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2017-2021
22.    Latin America Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2022-2027
23.    Middle East and Africa Laminated Veneer Lumber Historical Market: Breakup by Country (USD Billion), 2017-2021
24.    Middle East and Africa Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Billion), 2022-2027
25.    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
26.    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
27.    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
28.    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
29.    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
30.    Global Laminated Veneer Lumber Market Structure

Key Questions Answered in the Report

What was the market size in 2020?

The global laminated veneer lumber market reached a value of USD 2.57 billion in 2020.

What is the growth rate of the market?

The market is projected to grow at a CAGR of nearly 10.5% in the forecast period of 2022-2027.

What is the forecast outlook of the market for 2022-2027?

The market is estimated to reach a value of about USD 4.69 billion by 2026.

What are the major market drivers?

The major drivers of the industry include rising disposable incomes, increasing population, and the rising construction industry.

What are the key industry trends of the market?

The rise in the construction of large prefabricated buildings, customised wooden houses, and industrial warehouses is expected to be a key trend guiding the growth of the industry.

What are the major regional markets according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.

What is the leading sector in the industry?

The new construction segment is the leading sector in the industry.

Which application segment accounts for the largest market share?

The residential sector accounts for the largest market share, among other application segments in the industry.

Who are the key industry players according to the report?

The leading players in the market are Anderson Lumber Company, Murphy, METSÄ Group Companies, Chesapeake Plywood, and ARCAT, Inc., among others.

Analyst Review

The global laminated veneer lumber market attained a value of USD 2.57 billion in 2020 driven by the growth in the construction industry. Aided by the rising renovation projects of buildings and furniture, the industry is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 10.5%. The industry is projected to reach USD 4.69 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its sector, the market can be segmented into new construction and replacement, with new construction segment accounting for the largest market share. On the basis of application, the residential sector accounts for the largest share in the global industry. The major regional markets for laminated veneer lumber are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Anderson Lumber Company, Murphy, METSÄ Group Companies, Chesapeake Plywood, and ARCAT, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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