Oriented Strand Board OSB Market Report 2024 (Global Edition)

Global Oriented Strand Board OSB Market Report 2024 Market Size Split by Grade (OSB/1, OSB/2, OSB/3, OSB/4), by Application (Construction, Furniture, Flooring, Packaging, Others), by End-User Industry...

Oriented Strand Board OSB Market Report Description

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Oriented Strand Board OSB Market Insights Video

Competitive Landscape of the Oriented Strand Board OSB Market

The competitive landscape of the Oriented Strand Board (OSB) market is marked by key players like Louisiana-Pacific, Norbord, and Weyerhaeuser, who lead in production and innovation. Competition focuses on enhancing product quality, sustainability, and cost-efficiency. Companies invest in advanced manufacturing technologies and eco-friendly practices to meet growing demand for green building materials. Additionally, regional players and new entrants are expanding their market presence through strategic partnerships and geographical expansion, intensifying competition in the OSB sector.

In February 2021, West Fraser has acquired all the common shares of Norbord, enhancing its product portfolio significantly. (Source: https://www.westfraser.com/investors/news/news-releases/west-fraser-acquire-norbord-creating-diversified-global-wood-products-leader) In June 2022, SWISS KRONO has unveiled a new wood recycling plant in Poland. This facility will support environmental protection and circular economy initiatives by substituting up to 100,000 cubic meters of forest wood with recycled materials. The advanced plant will process 30 tons of raw material per hour. (Source: https://www.swisskrono.com/ua-en/about-us/news-events/swiss-krono-creates-a-milestone-for-wood-recycling-in-poland/#/) In June 2022, Kronospan has unveiled a new wood-based panel manufacturing facility in Spain with an investment exceeding EUR 400 million (USD 421.52 million). This cutting-edge plant will use 100% recycled wood, promoting a circular economy. Once fully operational, it is projected to achieve an annual production capacity of 720,000 cubic meters. (Source: https://kronospan.com/en_SK/company/news/view/new-sustainable-factory-in-tortosa-spain-67)

Top Companies Market Share in Oriented Strand Board OSB Industry: (In no particular order of Rank)

• Louisiana-Pacific Corporation (LP Building Solutions)
• Norbord Inc.
• Weyerhaeuser Company
• Georgia-Pacific LLC
• Huber Engineered Woods LLC
• Sonae Arauco
• SierraPine
• Arauco
• Jeld-Wen Holding
• Inc.
• Binderholz GmbH
• Tembec Inc.
• Kronospan Limited
• Pfleiderer Group
• MDF Recovery
• Inc.
• Rogers Corp.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Oriented Strand Board OSB Market

Which Region Dominates the Oriented Strand Board OSB Market in 2024?

According to Cognitive Market Research, North America currently dominates the Oriented Strand Board OSB market, and the region is expected to have significant growth during the projected period. This is due to the region's extensive construction and renovation activities. The region's well-established manufacturing infrastructure and major players like Louisiana-Pacific and Weyerhaeuser support this dominance. Additionally, favorable building regulations and a growing focus on sustainable materials contribute to OSB's popularity. The recovery of the housing market and increased commercial construction further boost OSB adoption, solidifying North America's leading position.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the Oriented Strand Board (OSB) market due to rapid urbanization, industrialization, and infrastructure development. Increasing construction activities driven by rising populations and economic growth fuel demand for cost-effective and versatile building materials. Additionally, improvements in manufacturing technology and a shift towards sustainable construction practices contribute to OSB's growing popularity. The region's expanding housing market and infrastructure projects further drive the robust growth of OSB in Asia Pacific.

The current report Scope analyzes Oriented Strand Board OSB Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Oriented Strand Board OSB Market

According to Cognitive Market Research, the global Oriented Strand Board OSB market size was estimated at USD 24514.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Oriented Strand Board OSB market with a market size of USD 7736.68 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The U.S. market's rising construction activities, increased demand for cost-effective and sustainable building materials, and a strong focus on eco-friendly solutions is driving the Oriented Strand Board OSB market.
• The Canada Oriented Strand Board OSB market had a market share of USD 1176.68 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Canada’s government regulations promoting sustainable construction is driving the Oriented Strand Board OSB market.
• The Mexico Oriented Strand Board OSB market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 892.32 million in 2024.

Europe Oriented Strand Board OSB Market

According to Cognitive Market Research, the global Oriented Strand Board OSB market size was estimated at USD 24514.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7354.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• The United Kingdom Oriented Strand Board OSB market had a market share of USD 1235.52 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. In the UK, Oriented Strand Board OSB sales witness an upswing due to increasing construction activities and a strong emphasis on sustainable building materials.
• The France Oriented Strand Board OSB market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 676.59 million in 2024.
• According to Cognitive Market Research, the German Oriented Strand Board OSB market size was valued at USD 1456.14 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Germany, Oriented Strand Board OSB surged due to presence major market players.
• The Italy Oriented Strand Board OSB market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 632.47 million in 2024.
• The Russia Oriented Strand Board OSB market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 1139.91 million in 2024.
• The Spain Oriented Strand Board OSB market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 603.05 million in 2024
• The Luxembourg Oriented Strand Board OSB market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 227.98 million in 2024.
• The Portugal Oriented Strand Board OSB market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 154.44 million in 2024.
• The Greece Oriented Strand Board OSB market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 88.25 million in 2024.
• The Rest of Europe's Oriented Strand Board OSB market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 1139.91 million in 2024.

Asia Pacific Oriented Strand Board OSB Market

According to Cognitive Market Research, the global Oriented Strand Board OSB market size was estimated at USD 24514.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5638.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Oriented Strand Board OSB market size was valued at USD 2537.22 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. Oriented Strand Board OSB surged in China due to rapid urbanization, expanding construction activities, and increasing infrastructure development.
• The Japan Oriented Strand Board OSB market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 778.08 million in 2024.
• The India Oriented Strand Board OSB market had a market share of USD 676.59 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. India's rising awareness of sustainable construction practices and government initiatives is driving the Oriented Strand Board OSB market.
• The South Korean Oriented Strand Board OSB market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 563.83 million in 2024.
• The Australian Oriented Strand Board OSB market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 293.19 million in 2024.
• The South East Asia Oriented Strand Board OSB market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 389.04 million in 2024.
• The Rest of Asia Pacific Oriented Strand Board OSB market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 400.32 million in 2024.

South America Oriented Strand Board OSB Market

According to Cognitive Market Research, the global Oriented Strand Board OSB market size was estimated at USD 24514.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1225.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Oriented Strand Board OSB market size was valued at USD 524.60 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Oriented Strand Board OSB flourished in Brazil due to increased construction and renovation activities, driven by urbanization and economic development.
• Argentina's Oriented Strand Board OSB market had a market share of USD 205.92 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Argentina's push towards sustainable building practices is driving the Oriented Strand Board OSB market.
• Colombia Oriented Strand Board OSB market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 109.09 million in 2024.
• Peru Oriented Strand Board OSB market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 100.51 million in 2024.
• Chile Oriented Strand Board OSB market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 88.25 million in 2024.
• The Rest of Latin America's Oriented Strand Board OSB market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 197.34 million in 2024.

Middle East and Africa Oriented Strand Board OSB Market

According to Cognitive Market Research, the global Oriented Strand Board OSB market size was estimated at USD 24514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 490.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031..

• The GCC Countries Oriented Strand Board OSB market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 209.84 million in 2024. Oriented Strand Board OSB sales flourish due to the presence of major market players.
• The Egypt Oriented Strand Board OSB market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 51.48 million in 2024.
• The South Africa Oriented Strand Board OSB market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 77.46 million in 2024. Oriented Strand Board OSB sales flourished in South Africa due to rapid urbanization, infrastructure development, and increasing construction activities.
• The Turkey Oriented Strand Board OSB market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 42.16 million in 2024.
• The Nigeria Oriented Strand Board OSB market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 51.48 million in 2024.
• The Rest of the MEA Oriented Strand Board OSB market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 57.85 million in 2024.

Oriented Strand Board OSB Market Analysis

Oriented Strand Board OSB Market Grade Segment Analysis

According to Cognitive Market Research, OSB/1 are likely to dominate the Oriented Strand Board OSB Market over the forecast period. OSB/1 grade captured the largest market share in the Oriented Strand Board (OSB) market due to its versatility and suitability for general-purpose applications. OSB/1 is widely used in indoor environments, such as flooring and wall sheathing, thanks to its cost-effectiveness and strength. Its ability to meet diverse construction needs, combined with its affordability, makes it a popular choice for residential and commercial projects. The broad applicability and economic benefits contribute to OSB/1’s dominance in the market.

OSB/2 grade is growing at the highest CAGR in the Oriented Strand Board (OSB) market due to its suitability for load-bearing applications in dry environments. Its enhanced strength and structural integrity make it ideal for use in flooring, wall panels, and roofing where higher performance is required. As construction projects increasingly demand materials that offer durability and load-bearing capabilities, OSB/2’s ability to meet these needs drives its rapid growth and adoption in the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Oriented Strand Board OSB Industry. Request a Free Sample PDF!

Oriented Strand Board OSB Market Application Segment Analysis

According to Cognitive Market Research, the Construction segment holds the largest share of the market. The construction application captured the largest market share in the Oriented Strand Board (OSB) market due to OSB's widespread use in building projects. Its cost-effectiveness, strength, and versatility make it ideal for various construction needs, including flooring, wall sheathing, and roofing. OSB's ability to provide structural support and its compatibility with modern building practices contribute to its dominance in the construction sector. The ongoing urbanization and infrastructure development further drive its high demand in construction applications.

The furniture application is growing at the highest CAGR in the Oriented Strand Board (OSB) market due to OSB’s affordability, versatility, and durability. Its cost-effectiveness makes it an attractive option for manufacturers of budget-friendly and functional furniture. Additionally, advancements in OSB manufacturing enhance its appearance and performance, making it suitable for various furniture applications. The increasing demand for sustainable and eco-friendly materials in furniture production also supports OSB’s rapid growth in this sector.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Oriented Strand Board OSB End-User Industry Segment Analysis

Oriented Strand Board OSB Market End-User Industry Segment Analysis

According to Cognitive Market Research, the Non-residential segment holds the largest share of the market. The non-residential end-user industry captured the largest market share in the Oriented Strand Board (OSB) market due to significant demand for durable and cost-effective building materials in commercial and industrial projects. OSB is widely used for applications like flooring, wall sheathing, and roofing in office buildings, retail spaces, and warehouses. Its affordability and performance in large-scale projects drive its popularity in non-residential construction, contributing to its dominant market share in this sector.

The residential end-user industry is growing at the highest CAGR in the Oriented Strand Board (OSB) market due to increased housing construction and renovation activities. OSB’s affordability, ease of installation, and versatility make it an attractive choice for residential applications such as flooring, wall sheathing, and roofing. The rising demand for cost-effective and sustainable building materials in new homes and remodels drives the rapid growth of OSB in the residential sector.

• Residential
• Non-residential

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David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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