The global engineered wood market reached a value of approximately USD 331.24 Billion in 2024. The market is further expected to grow at a CAGR of 6.10% between 2025 and 2034, reaching a value of USD 598.82 Billion by 2034.
The Asia Pacific accounts for a large share of the market for engineered wood owing to the rising construction activities in countries such as India and China. Moreover, the growing concerns towards environment among individuals is fuelling the demand for eco-friendly products such as the engineered wood in the region. They require less tree per plank in comparison to solid hardwoods which making them more environmentally sustainable.
Other market players include Louisiana-Pacific Corporation, West Fraser Timber Co. Ltd., Raute Corporation, UFP Industries, Inc., Weyerhaeuser Company, Stora Enso Oyj, Resolute Forest Products, and Century Plyboards (India) Ltd, among others.
Key Trends in the Market
Engineered wood, also termed as man-made wood, is a type of wood that is made by binding pieces of scrap wood, sawdust, real wood, or shredded wood fibres using adhesives. It is called engineered wood because it is bonded together to form a stronger and stiffer end product.- The demand for engineered wood is rising from the construction industry due to its sustainability and as it offers similar strength and density as an old growth timber.
- Growing utilisation of engineered wood instead of greenhouse gas emission intensive materials such as steel, aluminium, and concrete is reducing the emission of greenhouse gases, and aiding the growth of the engineered wood market.
- The rising trend of remodelling and renovating older homes and growing demand for wooden floorings are major factors increasing the utilisation of engineered woods in various countries across the globe.
Engineered Wood Market Segmentation
The report titled “Engineered Wood Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Type
- I-Beams
- Plywood
- Laminated Veneer Lumber (LVL)
- Glulam (Glued Laminated Timber)
- Oriented Strand Boards (OSB)
- Cross Laminated Timber (CLT)
- Others
Market Breakup by End-Use
- Residential
- Commercial and Industrial
Market Breakup by Application
- Construction
- Furniture
- Flooring
- Packaging
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Engineered Wood Market Share
Residential sector is expected to account for a significant share in the engineered wood market. This is due to the rising utilisation of engineered wood in the construction of various products essential for a home such as flooring, doors, cabinets, staircases, and roofs, among others. However, commercial and industrial end-uses of engineered wood are also expected to rise, supported by the increasing demand for cross laminated timber for the growing construction of skyscrapers and offices.The Asia Pacific accounts for a large share of the market for engineered wood owing to the rising construction activities in countries such as India and China. Moreover, the growing concerns towards environment among individuals is fuelling the demand for eco-friendly products such as the engineered wood in the region. They require less tree per plank in comparison to solid hardwoods which making them more environmentally sustainable.
Competitive Landscape of Engineered Wood Industry
The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global engineered wood market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.Boise Cascade Company
Boise Cascade Company was founded in 1957 and is headquartered in Idaho in the United States. The company manufactures and distributes wood products and building materials to commercial and residential industries globally.Arauco Wood Products, Inc.
Arauco Wood Products, Inc. is a wood manufacturing company that was established in 1995 and is headquartered in Georgia in the United States. They specialise in thermally fused laminate panels, high density fibreboard composite panels, and decorative laminates, among others.Huber Engineered Woods LLC
Huber Engineered Woods LLC was founded in 2003 and has its headquarters located in North Carolina, United States. This wood company is known globally for creating specialty products such as ZIP system walls and roof sheathing, among other products.Other market players include Louisiana-Pacific Corporation, West Fraser Timber Co. Ltd., Raute Corporation, UFP Industries, Inc., Weyerhaeuser Company, Stora Enso Oyj, Resolute Forest Products, and Century Plyboards (India) Ltd, among others.
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Engineered Wood Market Analysis
6 North America Engineered Wood Market Analysis
7 Europe Engineered Wood Market Analysis
8 Asia Pacific Engineered Wood Market Analysis
9 Latin America Engineered Wood Market Analysis
10 Middle East and Africa Engineered Wood Market Analysis
11 Market Dynamics
12 Competitive Landscape
13 Trade Data Analysis
Companies Mentioned
- Boise Cascade Company
- Arauco Wood Products, Inc.
- Huber Engineered Woods LLC
