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Laminated Veneer Lumber Market

Global Laminated Veneer Lumber Market Size, Share, Analysis: By Application: Residential, Commercial, Others; By End Use: Construction, Non-construction; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Laminated Veneer Lumber Market Size

The global laminated veneer lumber market attained a volume of 5,116.8 thousand CBM in 2023. The market is estimated to grow at a CAGR of 4.0% during 2024-2032 to reach a volume of 7,256.3 thousand CBM by 2032.

 

Laminated Veneer Lumber Market Outlook

  • As of April 2021, around 5 billion pallets were in use globally, with 90% of these pellets produced from wood.
  • By 2030, the World Green Building Council (World GBC) aims that all new buildings, infrastructure and renovations should have at least 40% less embodied carbon. Further, all new buildings should have net zero operational carbon.
  • By 2030, China aims to achieve 50% of its new construction to be green, while Singapore aims to achieve 80% of its new construction to be green.

 

Laminated Veneer Lumber Market Growth Rate

Laminated veneer lumber (LVL) is an engineered wood product. LVL’s strength and durability are comparable to steel and concrete structures. Its exceptional strength, lightweight, and sustainability are aiding its adoption in residential and commercial construction.

 

According to the International Energy Agency (IEA) in 2022, to achieve the Net Zero Emissions by 2050 Scenario (NZE Scenario), the construction sector globally, needs to retrofit at least 20% of its existing building stock to a zero-carbon-ready level by 2030. Compared to energy-intensive traditional building materials, such as cement, iron, and steel, LVL offers an eco-friendlier production while simultaneously serving as a carbon stock.

 

The carbon dioxide stored in wood remains in LVL products throughout their lifecycle and is not released back into the carbon cycle. LVL and CLT yield a substantial substitution effect of 1 – 2.5 tonnes CO2 for every cubic meter (m3) of engineered wood or 2 – 5 tonnes per ton of engineered wood, with a typical density of around 0.5 kg/m3. Engineered wood products are accredited by various sustainable certifications and green building programs, such as the Leadership in Energy and Environmental Design (LEED) certification.

 

In 2023, Mainland China held the majority of LEED-certified buildings globally, with 1,563 LEED projects.

 

Figure: Top 10 Countries with the Most Number of LEED Certified Projects, 2023

Global Laminated Veneer Lumber Market

 

Key Trends and Developments

Environment friendly characteristics of LVL; increasing adoption of wood in construction; ability to manufacture unique furniture designs; and presence of a variety of raw materials for the production of LVL are the key trends impacting the laminated veneer lumber market growth

 

Feb 7, 2024

VMG Lignum Construction launched operations at a EUR 100 million facility in AkmenÄ— Free Economic Zone, Lithuania, aiming to produce EUR 150 million worth of laminated veneer lumber (LVL) and I-beams annually for the Scandinavian, North American, Australian, and major European markets.

 

Jan 24, 2024

Boise Cascade announced new investments in Alabama and Louisiana to bolster its engineered wood products (EWP) growth strategy. The company is enhancing its Thorsby EWP mill by adding I-joist production capabilities and converting a plywood layup line to a parallel laminated veneer line at the Chapman plywood facility.

 

Nov 10, 2023

Raute Corporation has signed a contract worth EUR 93 million with Metsä Wood, part of Metsä Group to deliver technology for a new Kerto LVL mill in Äänekoski, Finland.

 

Sep 4, 2023

Metsä Wood and SRV, a construction company, entered into a contract for the construction of Metsä Wood's upcoming Kerto® LVL mill in Äänekoski, Finland. SRV will serve as the primary contractor for the endeavour, which will proceed under a cooperative project management arrangement. The mill will have an annual production capacity of about 160,000 cubic metres, which represents a 50 per cent increase in the company’s total Kerto LVL capacity.

 

LVL acts as a carbon stock

Compared to energy-intensive building materials like cement, iron, and steel, engineered wood products, such as LVL are produced in an environmentally friendly manner and serve as a carbon stock. The CO2 stored in wood remains in LVL products throughout their lifecycle and is not released back into the carbon cycle.

 

Rising popularity of wood as a construction material

Building materials contribute to around 11% of global carbon emissions. There is a rising demand for wood-based construction, especially in urban areas as they offer the benefits of lightweight and sustainability. LVL is a highly efficient wood-based building material. It enables increased prefabrication, facilitating increased output, faster payback, and high-quality construction.

 

LVL supports unique furniture designs

LVL is widely being adopted in furniture production as it can be designed into a variety of shapes. It is lightweight yet durable and has the potential to meet the rising demand for innovative furniture to enhance the functionality and aesthetic appeals of homes and commercial spaces.

 

Manufacturing of LVL with a wide variety of wood

LVL plywood can be made from a variety of common woods such as pine, acacia, eucalyptus, and rubberwood. These woods are favoured for their widespread availability, cost-effectiveness, and ability to create strong engineered wood products like LVL.

 

Laminated Veneer Lumber Market Trends

Wood is increasingly being used as a construction material, owning to its ease of transportation and handling compared to materials like concrete or bricks. Typically, LVL, an engineered wood product, can be produced in a variety of shapes depending on its use.

 

LVL structural elements can be opted in prefabricated construction, due to its lightweight. These solutions reduce build time and translates to faster construction times and fewer errors on the building site. Additionally, LVL's lighter weight compared to traditional materials can provide builders to utilize smaller cranes and foundations, streamlining the construction process and potentially reducing costs.

 

Also, LVL offers impressive strength and insulating properties, enabling the construction of more energy-efficient structures compared to traditional concrete or masonry alternatives. LVL is typically made from softwood. In Europe, spruce and pine are common, while North American manufacturers use various pine species, Douglas fir, western hemlock, yellow poplar, and red maple to produce LVL plywood.

 

Global Laminated Veneer Lumber Market By Sector

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Laminated Veneer Lumber Industry Segmentation

“Global Laminated Veneer Lumber Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Application

  • Residential
  • Commercial
  • Others

 

Market Breakup by End Use

  • Construction
    • New Construction 
    • Replacement
  • Non-Construction

 

Market Breakup by Region

  • North America 
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Laminated Veneer Lumber Market Share

Based on application, the residential sector accounts for a significant share of the market

There is a rising popularity of wood-based construction in Europe. Around 70% of the wood consumed in the EU is used in construction and furnishings. Further, around 8-10% of single-family homes in the EU have a wooden frame. LVL is widely deployed in permanent structural applications, such as beams, lintels, and truss chords.

 

As of August 2023, Germany held the largest housing stock in Europe with 43.4 million dwellings. France and Spain followed Germany with 37.6 million and 26.1 million dwellings, respectively.

 

Based on end use, the construction sector is a major contributor to the laminated veneer lumber market revenue

Construction companies are focusing on building materials, such as LVL that are functional and environmentally responsible. LVL studs can be up to 2.5 times stronger than standard framing lumber of the same dimension in compression and tension. Hence it provides exceptional strength against wind and shear loads.

 

Leading Laminated Veneer Lumber Market Manufacturers

The market players are focusing on providing products at competitive prices and high quality, with improved customer service, product support, and performance features.

 

Murphy Company

Murphy Company produces hardwood and softwood plywood, engineered wood, and veneer in the Pacific Northwest. The company has a strong presence in the United States, with 6 mills including 1 plant of softwood plywood and 3 softwood veneer plants and 2 division offices.

 

METSÄ Group Companies

METSÄ Group Companies, also known as METSÄ Group, is an international operator in sustainable bioeconomy. The company produces 34 million m3 wood procured, with 85% of the wood from Finland, and 15% from elsewhere in Northern Europe.

 

Roseburg Forest Products Co.

The company is engaged in providing products such as engineered wood, lumber, composite panels, and hardwood. The company conducts manufacturing operations within the United States and distributes its products across North America.

 

STEICO SE

STEICO develops, produces, and markets ecological construction products made of renewable raw materials. The company’s headquarters with an employee base of around 150 is located in Germany, while the other sites include Poland and France.

 

Other notable players operating in the laminated veneer lumber market are Stora Enso Oyj, Boise Cascade Company, Weyerhaeuser Company, Pacific Woodtech Corporation, and Juken New Zealand Ltd., among others.

 

Global Laminated Veneer Lumber Market By Region

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Laminated Veneer Lumber Market Analysis by Region

North America is one of the leading regional markets for LVL. The United States is witnessing a rapid adoption of engineering wood, as it provides a lower carbon footprint than traditional steel and concrete, while also being cost-effective. As of June 2023, the United States had the presence of 1,860 completed or planned engineering wood construction projects.

 

Wood as a construction material is being favoured in the Chinese market due to its advantages of sustainability and low-carbon environmental protection. The application of engineered wood is increasing at a significant rate, with the increased promotion of the trend of 'carbon neutrality' and 'carbon peaking.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • End Use
  • Region
Breakup by Application
  • Residential
  • Commercial
  • Others
Breakup by End Use
  • Construction
  • Non-construction
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • New Zealand
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Murphy Company
  • METSÄ Group Companies
  • Roseburg Forest Products Co.
  • STEICO SE
  • Stora Enso Oyj
  • Boise Cascade Company
  • Weyerhaeuser Company
  • Pacific Woodtech Corporation
  • Juken New Zealand Ltd.
  • 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.

 

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Laminated Veneer Lumber Market Report Snapshots

Laminated Veneer Lumber Market Size

Laminated Veneer Lumber Market Growth

Laminated Veneer Lumber Market Trends

Laminated Veneer Lumber Market Share

Laminated Veneer Lumber Manufacturers

Laminated Veneer Lumber Market Regional Analysis

 

*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.

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    Opportunities and Challenges in the Market
8    Global Engineered Wood Market Overview

    8.1    Key Industry Highlights
    8.2    Global Engineered Wood Historical Market (2018-2023)
    8.3    Global Engineered Wood Market Forecast (2024-2032)
    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    North America
        8.6.2    Europe
        8.6.3    Asia Pacific
        8.6.4    Latin America
        8.6.5    Middle East and Africa
9    Global Laminated Veneer Lumber Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Laminated Veneer Lumber Historical Market (2018-2023)
    9.3    Global Laminated Veneer Lumber Market Forecast (2024-2032)
    9.4    Global Laminated Veneer Lumber Market by Application
        9.4.1    Residential
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Commercial
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.2    Others
    9.5    Global Laminated Veneer Lumber Market by End Use
        9.5.1    Construction
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
            9.5.1.3    Breakup by Type
                  9.5.1.3.1    New Construction
                         9.5.1.3.1.1    Historical Trend (2018-2023)
                         9.5.1.3.1.2    Historical Trend (2018-2023)
                  9.5.1.3.2    Forecast Trend (2024-2032)
                         9.5.1.3.2.1    Historical Trend (2018-2023)
                         9.5.1.3.2.2    Historical Trend (2018-2023)
        9.5.2    Non-construction
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
    9.6    Global Laminated Veneer Lumber Market by Region
        9.6.1    North America
            9.6.1.1    Historical Trend (2018-2023) 
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Europe
            9.6.2.1    Historical Trend (2018-2023) 
            9.6.2.2    Forecast Trend (2024-2032)
        9.6.3    Asia Pacific
            9.6.3.1    Historical Trend (2018-2023) 
            9.6.3.2    Forecast Trend (2024-2032)
        9.6.4    Latin America
            9.6.4.1    Historical Trend (2018-2023) 
            9.6.4.2    Forecast Trend (2024-2032)
        9.6.5    Middle East and Africa
            9.6.5.1    Historical Trend (2018-2023) 
            9.6.5.2    Forecast Trend (2024-2032)
10    North America Laminated Veneer Lumber Market Analysis
    10.1    United States of America 
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Canada
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
11    Europe Laminated Veneer Lumber Market Analysis
    11.1    United Kingdom
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Germany
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    France
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    Italy
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Others
12    Asia Pacific Laminated Veneer Lumber Market Analysis
    12.1    China
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Japan
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    India
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    ASEAN
        12.4.1    Historical Trend (2018-2023) 
        12.4.2    Forecast Trend (2024-2032)
    12.5    Australia
        12.5.1  Historical Trend (2018-2023) 
        12.5.1    Forecast Trend (2024-2032)
    12.5    New Zealand
        12.5.1  Historical Trend (2018-2023) 
        12.5.1    Forecast Trend (2024-2032)
    12.6    Others
13    Latin America Laminated Veneer Lumber Market Analysis
    13.1    Brazil
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    Argentina
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Mexico
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    Others
14    Middle East and Africa Laminated Veneer Lumber Market Analysis
    14.1    Saudi Arabia
        14.1.1    Historical Trend (2018-2023) 
        14.1.2    Forecast Trend (2024-2032)
    14.2    United Arab Emirates
        14.2.1    Historical Trend (2018-2023) 
        14.2.2    Forecast Trend (2024-2032)
    14.3    Nigeria
        14.3.1    Historical Trend (2018-2023) 
        14.3.2    Forecast Trend (2024-2032)
    14.4    South Africa
        14.4.1    Historical Trend (2018-2023) 
        14.4.2    Forecast Trend (2024-2032)
    14.5    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 (2018-2023) and Forecast (2024-2032)
    14.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    14.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    14.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    14.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
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    Raw Material Requirements and Expenditures
    15.5    Packaging Requirements and Expenditures
    15.6    Transportation Requirements and Expenditures
    15.7    Utility Requirements
    15.8    Manpower Requirements and Expenditures
    15.9    Other Capital Investments
16    Project Economics
    16.1    Capital Cost of the Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing
    16.4    Income Projections
    16.5    Expenditure Projections
    16.6    Taxation and Depreciation
    16.7    Financial Analysis
    16.8    Profit Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Murphy Company
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    METSÄ Group Companies
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Roseburg Forest Products Co
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    STEICO SE
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Stora Enso Oyj
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Boise Cascade Company
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Weyerhaeuser Company
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Pacific Woodtech Corporation
            17.2.8.1    Company Overview
            17.2.8.2    Product Portfolio
            17.2.8.3    Demographic Reach and Achievements
            17.2.8.4    Certifications
        17.2.9    Juken New Zealand Ltd.
            17.2.9.1    Company Overview
            17.2.9.2    Product Portfolio
            17.2.9.3    Demographic Reach and Achievements
            17.2.9.4    Certifications
        17.2.10    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Engineered Wood Market: Key Industry Highlights, 2018 and 2032
2.    Global Engineered Wood Historical Market: Breakup by Product Type (Thousand CBM), 2018-2023
3.    Global Engineered Wood Market Forecast: Breakup by Product Type (Thousand CBM), 2024-2032
4.    Global Engineered Wood Historical Market: Breakup by Application (Thousand CBM), 2018-2023
5.    Global Engineered Wood Market Forecast: Breakup by Application (Thousand CBM), 2024-2032
6.    Global Engineered Wood Historical Market: Breakup by Region (Thousand CBM), 2018-2023
7.    Global Engineered Wood Market Forecast: Breakup by Region (Thousand CBM), 2024-2032
8.    Global Laminated Veneer Lumber Market: Key Industry Highlights, 2018 and 2032
9.    Global Laminated Veneer Lumber Historical Market: Breakup by Application (Thousand CBM), 2018-2023
10.    Global Laminated Veneer Lumber Market Forecast: Breakup by Application (Thousand CBM), 2024-2032
9.    Global Laminated Veneer Lumber Historical Market: Breakup by Application (USD Million), 2018-2023
10.    Global Laminated Veneer Lumber Market Forecast: Breakup by Application (USD Million), 2024-2032
11.    Global Laminated Veneer Lumber Historical Market: Breakup by End Use (Thousand CBM), 2018-2023
12.    Global Laminated Veneer Lumber Market Forecast: Breakup by End Use (Thousand CBM), 2024-2032
11.    Global Laminated Veneer Lumber Historical Market: Breakup by End Use (USD Million), 2018-2023
12.    Global Laminated Veneer Lumber Market Forecast: Breakup by End Use (USD Million), 2024-2032
11.    Global Laminated Veneer Lumber Historical Market: Breakup by Sector (Thousand CBM), 2018-2023
12.    Global Laminated Veneer Lumber Market Forecast: Breakup by Sector (Thousand CBM), 2024-2032
11.    Global Laminated Veneer Lumber Historical Market: Breakup by Sector (USD Million), 2018-2023
12.    Global Laminated Veneer Lumber Market Forecast: Breakup by Sector (USD Million), 2024-2032
13.    Global Laminated Veneer Lumber Historical Market: Breakup by Region (Thousand CBM), 2018-2023
14.    Global Laminated Veneer Lumber Market Forecast: Breakup by Region (Thousand CBM), 2024-2032
13.    Global Laminated Veneer Lumber Historical Market: Breakup by Region (USD Million), 2018-2023
14.    Global Laminated Veneer Lumber Market Forecast: Breakup by Region (USD Million), 2024-2032
15.    North America Laminated Veneer Lumber Historical Market: Breakup by Country (Thousand CBM), 2018-2023
16.    North America Laminated Veneer Lumber Market Forecast: Breakup by Country (Thousand CBM), 2024-2032
15.    North America Laminated Veneer Lumber Historical Market: Breakup by Country (Thousand CBM), 2018-2023
16.    North America Laminated Veneer Lumber Market Forecast: Breakup by Country (Thousand CBM), 2024-2032
17.    Europe Laminated Veneer Lumber Historical Market: Breakup by Country (Thousand CBM), 2018-2023
17.    Europe Laminated Veneer Lumber Market Forecast: Breakup by Country (Thousand CBM), 2024-2032
17.    Europe Laminated Veneer Lumber Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Million), 2024-2032
19.    Asia Pacific Laminated Veneer Lumber Historical Market: Breakup by Country (Thousand CBM), 2018-2023
20.    Asia Pacific Laminated Veneer Lumber Market Forecast: Breakup by Country (Thousand CBM), 2024-2032
19.    Asia Pacific Laminated Veneer Lumber Historical Market: Breakup by Country (USD Million), 2018-2023
20.    Asia Pacific Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Million), 2024-2032
21.    Latin America Laminated Veneer Lumber Historical Market: Breakup by Country (Thousand CBM), 2018-2023
22.    Latin America Laminated Veneer Lumber Market Forecast: Breakup by Country (Thousand CBM), 2024-2032
21.    Latin America Laminated Veneer Lumber Historical Market: Breakup by Country (USD Million), 2018-2023
22.    Latin America Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Million), 2024-2032
23.    Middle East and Africa Laminated Veneer Lumber Historical Market: Breakup by Country (Thousand CBM), 2018-2023
24.    Middle East and Africa Laminated Veneer Lumber Market Forecast: Breakup by Country (Thousand CBM), 2024-2032
23.    Middle East and Africa Laminated Veneer Lumber Historical Market: Breakup by Country (USD Million), 2018-2023
24.    Middle East and Africa Laminated Veneer Lumber Market Forecast: Breakup by Country (USD Million), 2024-2032
25.    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
26.    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
27.    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
28.    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
29.    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
30.    Global Laminated Veneer Lumber Market Structure

Key Questions Answered in the Report

The market attained a volume of 5,116.8 thousand CBM in 2023.

The market is estimated to grow at a CAGR of 4.0% during 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 7,256.3 thousand CBM by 2032.

The factors driving the market growth are increasing inclination towards environmental safety and sustainability, rising adoption of wood as a construction material, and favourable government initiatives supporting the adoption of wood.

The key regional markets for laminated veneer lumber are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The end uses include construction and non-construction.

The applications include residential, commercial, and others.

The key players in the market include Murphy Company, METSÄ Group Companies, Roseburg Forest Products Co., STEICO SE, Stora Enso Oyj, Boise Cascade Company, Weyerhaeuser Company, Pacific Woodtech Corporation, and Juken New Zealand Ltd. among others.

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