Asia-Pacific Oriented Strand Board Market Size (2024 - 2029)

The Asia-Pacific oriented strand board market is experiencing a resurgence in growth as industrial activities return to pre-pandemic levels, particularly in the construction and manufacturing sectors. The market size is being influenced by increased demand in the furniture and packaging industries, driven by the rise in remote work and exports from countries like India and China. Despite challenges such as lower consumer perception and susceptibility to water damage, the market is poised for expansion, with India emerging as a key player due to its robust construction activities and export potential.

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Market Size of Asia-Pacific Oriented Strand Board Industry

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Asia-Pacific Oriented Strand Board Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration High

Major Players

Asia-Pacific Oriented Strand Board Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Oriented Strand Board Market Analysis

The Asia-Pacific oriented strand board (OSB) market is estimated to register a CAGR of over 6% during the forecast period.

COVID-19 resulted in the shutdown of various manufacturing and other industries. Strict social distancing norms and prolonged lockdowns were a severe blow to several small and medium-scale industries. The furniture-making industry, which is majorly concentrated around small-medium players, witnessed a complete slowdown during the pandemic. With a lack of labor and disruptions in the supply chain, even the construction industry took a major hit during the pandemic, with many projects getting delayed and some projects being completely shut down. The aforementioned factors resulted in hindered growth of the OSB market during the pandemic.

  • With industrial activity slowly resuming to pre-pandemic levels, there is a noticeable pick-up in the construction and manufacturing segment. More and more organizations are now providing the option to work from home, and therefore, the furniture market is also witnessing a boost in demand.
  • Rising export from countries like India and China is further expected to drive the demand for OBS in the packaging segment.
  • However, lower perceived value amongst consumers and high susceptibility to water-prone damages are potential factors that may hamper the demand for OBS in the market.
  • In the Asia-Pacific region, India is showing great promise in dominating the OBS market with growing construction activities and rising exports.

APAC Oriented Strand Board Industry Segmentation

Oriented strand board, or OSB, is a type of engineered wood. It is similar to particleboard, formed by combining adhesives and compressing layers of wood strands or flakes. It is produced in a variety of types and thicknesses and usually has rough and variegated surfaces with individual strips lying unevenly across each other. The Asia-Pacific-oriented strand board market is segmented by grade, end user, and geography. By grade, the market is segmented into OSB/1, OSB/2, OSB/3, and OSB/4. By end user, the market is segmented into furniture, construction, and packaging. By geography, the market is segmented into China, India, Japan, South Korea, and Rest of Asia-Pacific. The report also covers the market size and forecasts for the oriented strand board market in four countries across major Asia-Pacific regions. For each segment, the market sizing and forecasts have been provided on the basis of volume (cubic meter) and value (USD million).

Grade
OSB/1
OSB/2
OSB/3
OSB/4
End-user
Furniture
Construction
Packaging
Geography
China
India
Japan
South Korea
Rest of Asia-Pacific
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Asia-Pacific Oriented Strand Board Market Size Summary

The Asia-Pacific oriented strand board (OSB) market is poised for significant growth, driven by the resurgence of industrial activities and increased demand in the construction and manufacturing sectors. The market experienced a downturn during the COVID-19 pandemic due to disruptions in supply chains and labor shortages, particularly affecting small and medium-sized enterprises in the furniture-making industry. However, as economies recover and construction activities resume, the demand for OSB is expected to rise. The region's burgeoning construction sector, especially in India and China, is a key driver, with OSB being favored over traditional materials like plywood due to its superior mechanical properties. This trend is further supported by rising urbanization, population growth, and increased disposable income, which are fueling infrastructure development and housing demand.

India is emerging as a dominant force in the OSB market within the Asia-Pacific region, supported by substantial infrastructure investments and a growing export market. The Indian government's focus on urban infrastructure and housing, coupled with foreign direct investment inflows, is expected to bolster the construction industry and, consequently, the OSB market. Similarly, China's push for urbanization and affordable housing, along with increased funding for infrastructure projects, is set to enhance the demand for OSB. Despite challenges such as lower consumer perception and susceptibility to water damage, the overall outlook for the OSB market in Asia-Pacific remains positive, with major players like Coilite, Egger Group, and SWISS KRONO Group playing pivotal roles in market consolidation and growth.

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Asia-Pacific Oriented Strand Board Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Usage in the Construction Industry

      2. 1.1.2 Rise of Furniture-Making Industry

    2. 1.2 Restraints

      1. 1.2.1 Lower Perceived Value and Susceptibility to Water-Prone Damages

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume and Value)

    1. 2.1 Grade

      1. 2.1.1 OSB/1

      2. 2.1.2 OSB/2

      3. 2.1.3 OSB/3

      4. 2.1.4 OSB/4

    2. 2.2 End-user

      1. 2.2.1 Furniture

      2. 2.2.2 Construction

      3. 2.2.3 Packaging

    3. 2.3 Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 South Korea

      5. 2.3.5 Rest of Asia-Pacific

Asia-Pacific Oriented Strand Board Market Size FAQs

The Asia-Pacific Oriented Strand Board Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Egger Group, Kronospan, SWISS KRONO Group, West Fraser Timber Co. Ltd. and Sonae Arauco are the major companies operating in the Asia-Pacific Oriented Strand Board Market.

Asia-Pacific Oriented Strand Board Report Snapshots

Asia-Pacific Oriented Strand Board Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)