Europe Oriented Strand Board Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Oriented Strand Board Market Analysis
The oriented strand board (OSB) market in Europe is projected to register a CAGR of over 3% during the forecast period.
COVID-19 negatively impacted the market in 2020. Owing to the pandemic scenario, the construction works were put on hold during the government-imposed lockdown, which decreased the oriented strand boards (OSB) consumption. However, the conditions recovered in 2021, and construction industry growth stimulates the demand for the OSB panel market in the coming years.
- Over the short term, the desirable properties of OSB and the growing prominence of OSB as a substitute for plywood are expected to drive the growth of the market studied.
- On the flip side, volatile organic compounds (VOC) emissions, such as formaldehyde, are expected to hinder the market's growth.
- Increasing the application of OSB in structurally insulated panels is likely to act as an opportunity in the future.
- Germany dominated the European market, with the most significant consumption of OSBs and high demand from construction and packaging industries replacing plywood.
Europe Oriented Strand Board Market Trends
This section covers the major market trends shaping the Europe Oriented Strand Board Market according to our research experts:
Soaring Demand from the Construction Industry
- Oriented strand boards are wood-based panels that are crucial to the construction industry. OSB panels provide high structural durability to roofs, floors, walls, beams, doors, staircases, etc. OSB panels offer a more substantial and stiffer panel than other products used in similar construction projects.
- OSB panels are a cost-effective alternative for home construction. As per the National Association of Certified Home Inspectors (NACHI), OSB costs USD 700 less than plywood for a typical 2,400-sq ft home.
- According to the European Panel Federation, Europe produced 7.2 million meters cube of OSB panels in 2021, an increase of 2% from the previous year. 80% of the OSBs created were used in the construction industry.
- OSB panels absorb moisture from the air, changing their density and panel size. The European Panel Federation categorizes OSB panels into four grades by moisture content in the material. OSB panel grades like OSB/3 and OSB/4 have higher moisture resistance to size change than OSB/1 and OSB/2.
- Overall, the growing construction market across the region is expected to drive the OSB market through the forecast period.
Germany to Dominate the Market
- Germany's construction industry is a significant contributor to the country's economy. In 2021, the commercial construction sector was responsible for roughly 40% of the total construction output in Germany, while the residential sector was responsible for approximately 60%. The commercial construction sector is growing steadily, driven by strong demand from businesses and investors.
- Germany includes the most significant construction industry in Europe. The construction industry in the country is growing at a slow pace, majorly driven by increasing new residential construction activities. The non-residential and commercial buildings in the country are expected to witness significant growth prospects during the forecast period.
- According to Federal Statistical Office (Destatis), in December 2021, the turnover in building completion work increased by 9.1% in the third quarter of 2021 compared to the previous year's third quarter. 248,688 new building permits, a record number, were approved in Germany in 2021, a 6.6% rise over the year before.
- The German government initiated the construction of the Digital Park Fechenheim on a 10.7 ha area, with a gross floor area of 100,000 sq m in Frankfurt-Fechenheim, Hesse, Germany, with an investment of USD 1,179 million. The construction work started in Q3 2021 and is expected to get completed in Q4 2028.
- The German protective packaging industry uses OSB panels in manufacturing crates and pallets. Protective packaging helps to maintain goods without getting damaged while in transport. OSB panels are strong and less expensive than plywood. The protective packaging industry prefers OSB panels.
- According to Eurostat, Germany was the leading exporter of motor cars, with over USD 125,000 million in 2021. More than 60.6 % of all cars exported from the EU originated from Germany, boosting OSB protective packaging sector.
- All the factors mentioned above, in turn, are boosting the demand in the OSB market in the country.
Europe Oriented Strand Board Industry Overview
The oriented strand board (OSB) market in Europe is consolidated. Some of the major players in the market include Kronospan, SwissKrono, West Fraser, Egger Group, Sonae Arauco, Coillte, and others.
Europe Oriented Strand Board Market Leaders
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Kronospan
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SwissKrono
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West Frase
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Egger Group
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Sonae Arauco
*Disclaimer: Major Players sorted in no particular order
Europe Oriented Strand Board Market News
- June 2022: SWISS KRONO announced a new wood recycling plant in Poland. Policy for environmental protection and a circular economy will replace up to 100,000 cubic meters of forest wood with recycled raw material. SWISS KRONO's new state-of-the-art facility includes 30 tons of raw material per hour.
- June 2022: Kronospan announced a new wood-based panel manufacturing unit with over EUR 400 million (USD 421.52 million) investment in Spain. The new state-of-the-art facility produces 100% recycled wood creating a circular economy. This plant is expected to reach a capacity of 720,000 m cubes per year at full manufacturing scale.
Europe Oriented Strand Board Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Soaring Demand from the Construction Industry
- 4.1.2 Growing Prominence of OSB, as a Substitute to Plywood
-
4.2 Restraints
- 4.2.1 Emissions of VOCs, such as Formaldehyde
- 4.2.2 Other Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products and Services
- 4.3.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Grade
- 5.1.1 OSB/1
- 5.1.2 OSB/2
- 5.1.3 OSB/3
- 5.1.4 OSB/4
-
5.2 End-user Application
- 5.2.1 Furniture
- 5.2.1.1 Residential
- 5.2.1.2 Commercial
- 5.2.2 Construction
- 5.2.2.1 Floor and Roof
- 5.2.2.2 Wall
- 5.2.2.3 Door
- 5.2.2.4 Column and Beam
- 5.2.2.5 Staircase
- 5.2.2.6 Other Constructions
- 5.2.3 Packaging
- 5.2.3.1 Food and Beverage
- 5.2.3.2 Industrial
- 5.2.3.3 Pharmaceutical
- 5.2.3.4 Cosmetics
- 5.2.3.5 Other Packaging
-
5.3 Geography
- 5.3.1 Germany
- 5.3.2 United Kingdom
- 5.3.3 Italy
- 5.3.4 France
- 5.3.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 Coillite
- 6.4.2 Egger Group
- 6.4.3 Kronospan
- 6.4.4 Sonae Arauco
- 6.4.5 SwissKrono
- 6.4.6 West Frase
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Application of OSB in Structural Insulated Panels (SIPS)
- 7.2 Recovering European Construction Industry
Europe Oriented Strand Board Industry Segmentation
Oriented strand board (OSB) is a strong, stiff structural wood-based panel product that poses a cross-oriented pattern like plywood. OSB is characterized by its constituent strand elements, which vary in size and aspect ratio. The oriented strand board (OSB) market is segmented by grade, end-user application, and geography. By grade, the market is segmented into OSB/1, OSB/2, OSB/3, and OSB/4. By end-user application, the market is segmented into furniture, construction, and packaging. The report covers the market size and forecast in four countries in the European region. For each segment, the market sizing and forecasts have been done based on volume (meter cube).
| Grade | OSB/1 | |
| OSB/2 | ||
| OSB/3 | ||
| OSB/4 | ||
| End-user Application | Furniture | Residential |
| Commercial | ||
| End-user Application | Construction | Floor and Roof |
| Wall | ||
| Door | ||
| Column and Beam | ||
| Staircase | ||
| Other Constructions | ||
| End-user Application | Packaging | Food and Beverage |
| Industrial | ||
| Pharmaceutical | ||
| Cosmetics | ||
| Other Packaging | ||
| Geography | Germany | |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe |
Europe Oriented Strand Board Market Research FAQs
What is the current Europe Oriented Strand Board Market size?
The Europe Oriented Strand Board Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Europe Oriented Strand Board Market?
Kronospan, SwissKrono , West Frase , Egger Group and Sonae Arauco are the major companies operating in the Europe Oriented Strand Board Market.
What years does this Europe Oriented Strand Board Market cover?
The report covers the Europe Oriented Strand Board Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Oriented Strand Board Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Oriented Strand Board Industry Report
Statistics for the 2024 Europe Oriented Strand Board market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Oriented Strand Board analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
