Oriented Strand Board Market Report 2026

The oriented strand board market size has grown rapidly in recent years. It will grow from $31.15 billion in 2025 to $35.44 billion in 2026 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to expansion of residential construction activities, rising adoption of prefabricated building materials, growth of wood-based panel manufacturing, availability of sustainable forestry resources, increasing replacement of plywood with osb.

The oriented strand board market size is expected to see rapid growth in the next few years. It will grow to $59.7 billion in 2030 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to increasing infrastructure development projects, rising demand for affordable housing materials, expansion of green building practices, growing investments in engineered wood technology, increasing adoption in non-residential construction. Major trends in the forecast period include increasing use of engineered wood in construction, rising demand for moisture-resistant osb panels, expansion of osb applications in structural flooring, growing preference for cost-effective wood panels, enhanced focus on strength and load-bearing performance.

The increasing trend of home remodeling is expected to drive the growth of the oriented strand board market in the coming years. Home remodeling involves renovating or upgrading residential properties, including structural modifications, layout changes, and aesthetic improvements. Oriented strand board (OSB) is widely used in remodeling projects for applications such as wall sheathing, subflooring, and other structural uses because of its cost-effectiveness, strength, and versatility. For example, in July 2023, according to Angi, a US-based home services platform, average spending on home improvement, maintenance, and emergency projects in 2023 reached $13,667 across an average of 11.1 projects, representing a 6% increase compared with 2022. Therefore, the rise in home remodeling activities is contributing to the growth of the oriented strand board market.

Major companies operating in the oriented strand board market are concentrating on developing panel solutions, such as cost-effective wood strand products, to address rising demand for high-quality engineered wood materials. Cost-effective wood strands refer to wood-based materials designed to deliver strong performance while remaining economical to produce. For instance, in March 2023, Strandply OSB, an India-based plywood supplier, introduced a cost-effective oriented strand board made from wood strands. This OSB panel is manufactured using 100% eucalyptus wood and pure resin. Oriented strand board is an engineered wood product similar to particle board, produced by bonding and compressing layers of wood strands arranged in specific orientations. It is a multi-grain panel that does not require heating or sanding and differs from plywood by using continuous glue lines rather than alternating layers.

In April 2023, LP Building Solutions, a US-based manufacturer of engineered wood products, acquired Forex’s Wawa OSB facility for an undisclosed amount. Through this acquisition, LP Building Solutions sought to expand its manufacturing capacity and reinforce its position in the oriented strand board market by improving production capabilities and operational efficiency. Forex is a Canada-based company engaged in the production of oriented strand board and other forest products.

Major companies operating in the oriented strand board market are EGGER Holzwerkstoffe Brilon GmbH & Co. KG, Kronospan Ltd., Louisiana Pacific Corporation, West Fraser Timber Co. Ltd., Swiss Krono Group, Sonae Industria SGPS SA, Norbord Inc., Tolko Industries Ltd., Weyerhaeuser Company, Ainsworth Lumber Co. Ltd., Arbec Forest Products Inc., Roy O. Martin Lumber Company LLC, Suncrest Plydecor, Hutchison Incorporated, LP Building Solutions, Huber Engineered Woods LLC, Georgia-Pacific Wood Products LLC, PotlatchDeltic Corporation, Stora Enso Oyj, Metsä Group, Dongwha Enterprise Co. Ltd., Nippon Paper Industries Co. Ltd., Pfleiderer Group, Resolute Forest Products Inc., Stimson Lumber Company.

North America was the largest region in the oriented strand board market in 2025.Asia-Pacific is expected to be the fastest-growing region in the global oriented strand board market report during the forecast period. The regions covered in the oriented strand board market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the oriented strand board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The oriented strand board market consists of sales of wood fiber, waterproof resin binders, and long strands. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.