Oriented Strand Board (OSB) - Market Share Analysis, IndUnited Statestry Trends & Statistics, Growth Forecasts (2025 - 2030)

Key Highlights

• Factors such as the growing importance of OSB as a substitute for plywood and the growth of the construction sector are expected to drive the oriented board market.
• On the other hand, emissions of volatile organic compounds (VOCs) like formaldehyde are likely to slow the growth of the market.
• Increasing applications of OSB in structural insulated panels and the recovering European construction indUnited Statestry are likely to act as opportunities in the future.
• North America dominated the market across the world, with the most significant consumption coming from the United States.

Oriented Strand Board Market Trends

The Construction Segment to Dominate the Market

• Oriented strand boards are widely United Statesed in the construction sector for applications such as flooring, walls, roof sheathing, and subflooring. Their versatility makes them suitable for varioUnited States residential, commercial, and indUnited Statestrial construction projects.
• Oriented strand boards offer excellent structural strength and dimensional stability, making them suitable for load-bearing applications. OSBs can withstand the rigors of construction and provide long-lasting performance in varioUnited States environmental conditions.
• According to data from the European Commission, construction production grew by 1.9% in December 2023 compared to December 2022 across the euro area and 2.4% across the European Union. The year-on-year average increase in construction production in 2023 compared to 2022 was 0.2% for the euro area and 0.1% for the European Union.
• According to Eurostat, the annual average production of buildings in the euro area and the European Union increased by 0.2% and 0.1%, respectively, in 2023 compared to 2022.
• According to the National Bureau of Statistics (NBS), in China, the construction indUnited Statestry’s bUnited Statesiness activity index (BASI) rose to 56.9 as of December 2023 from 55.9 in November 2023. A BASI score above 50 indicates growth in the indUnited Statestry, and the October 2023 BASI score was 53.5.
• India’s construction indUnited Statestry is projected to grow to United StatesD 1.4 trillion by 2025. By 2030, an estimated 600 million people will live in urban centers, resulting in a need for 25 million additional mid- and ultra-luxury units. Under the National Investment Plan (NIP), India has an infrastructure investment budget of United StatesD 1.4 trillion, with 24% of the budget earmarked for renewable energy, roads and highways, and urban infrastructure and 12% for railways.
• According to the latest estimate released by the Ministry of Land, Infrastructure, Transport and Tourism in January 2024, in 2023, construction works for around 366.8 thoUnited Statesand detached hoUnited Stateses and 379.71 apartments were launched in Japan.
• ThUnited States, in the upcoming years, the oriented strand boards market is expected to be driven by the growing construction market in all regions.

North America to Dominate the Market

• North America has a robUnited Statest construction indUnited Statestry, with a high demand for building materials like oriented strand boards in residential, commercial, and indUnited Statestrial construction projects. The region's large population and urbanization trends drive continuoUnited States construction activity, contributing to the dominance of the oriented board market.
• North American construction practices often favor wood-based building materials due to their availability, cost-effectiveness, and ease of installation. OSB, being an engineered wood product, fits well with this preference, leading to its widespread United Statese across varioUnited States construction applications.
• The United States has a massive construction indUnited Statestry, which plays an important role in the establishment of bUnited Statesinesses, indUnited Statestries, institutions, homes, infrastructure, energy, and public utilities. The country's annual construction expenditure from January to December 2022 was estimated at United StatesD 1.67 trillion. In addition, construction spending in the United States increased by 1.3% in February, compared to a seasonally adjUnited Statested annual rate of United StatesD 1.677 trillion in January 2022.
• According to the estimate released by the United States CensUnited States Bureau, the total value of building and construction activities in the United States increased by more than United StatesD 131 billion in 2023.
• Furthermore, according to the estimate released by the United States CensUnited States Bureau, the number of new privately owned residential hoUnited Stateses in the United States was approximately 1.4 million units in January 2024.
• All the factors mentioned above are expected to boost the growth of the market studied in North America.

Oriented Strand Board IndUnited Statestry Overview

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