North America Oriented Strand Board Market Size (2024 - 2029)

The North America Oriented Strand Board market is experiencing growth driven by the expanding construction industry and increased packaging demands due to rising imports and exports. The market size is influenced by the growing application of oriented strand board in structural insulated panels, presenting future opportunities for expansion. However, fluctuations in raw material prices pose challenges to market growth. The United States is anticipated to lead the market in North America, with significant growth expected during the forecast period.

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Market Size of North America Oriented Strand Board Industry

North America 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 4.00 %
Market Concentration High

Major Players

North America Oriented Strand Board Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Oriented Strand Board Market Analysis

North America Oriented Strand Board Market is expected to register a CAGR of over 4% during the forecast period.

Due to the impact of COVID-19, the supply decreased in the first half of 2020, while the demand for Oriented Strand Board (OSB) from home construction and renovations increased rapidly in the second half of 2020. This has led to the significant price increase of OSB, and thus manufacturers made substantial profits in 2021.

  • The rapidly expanding construction industry and the rise in imports and exports, leading to increased packaging, benefits market growth.
  • Increasing application of OSB in structural insulated panels is likely to act as an opportunity in the future for the oriented strand board market in North America.
  • On the other hand, fluctuations in the prices of raw materials are hindering market expansion.
  • United States is expected to dominate the oriented strand board market in North America and is also likely to witness the highest CAGR during the forecast period.

North America Oriented Strand Board Industry Segmentation

Oriented Strand Board (OSB) is a strong, stiff wood-based structural panel product with a cross-oriented pattern comparable to plywood. Oriented Strand Board (OSB) is distinguished by the size and aspect ratio of its constituent strand elements. The North America Oriented Strand Board (OSB) market is segmented by grade, end-user industry, and geography. By grade, the market is segmented into OSB/1, OSB/2, OSB/3, and OSB/4, respectively. The end-user industry segments the market into furniture, construction, and packaging. The report also covers the market size and forecasts for the oriented strand board market in 3 countries across the North American region. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Grade
OSB/1
OSB/2
OSB/3
OSB/4
End-user Industry
Furniture
Construction
Packaging
Geography
United States
Canada
Mexico
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North America Oriented Strand Board Market Size Summary

The North American Oriented Strand Board (OSB) market is poised for significant growth, driven by the expanding construction industry and increased demand from sectors such as furniture and packaging. The market experienced a surge in demand during the latter half of 2020, following a supply decrease due to the COVID-19 pandemic, leading to substantial profits for manufacturers in 2021. The United States is expected to dominate the market, benefiting from its robust construction activities and the largest furniture market globally. The application of OSB in structural insulated panels presents future opportunities, although fluctuations in raw material prices pose challenges to market expansion.

The OSB market in North America is characterized by its consolidated nature, with major players like West Fraser, Louisiana-Pacific Corporation, and Georgia-Pacific leading the industry. The market's growth is further supported by investments in new production facilities, such as those announced by Martco LLC and RoyOMartin, aimed at meeting regional demand. The increasing retail market in the United States is anticipated to boost the packaging industry's consumption of OSB, while the trend towards smart homes and high-end furniture is expected to drive further demand. These factors collectively suggest a promising outlook for the OSB market in North America over the forecast period.

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North America Oriented Strand Board Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rapidly expanding construction industry

      2. 1.1.2 Rise in imports and export, leading to increased packaging

    2. 1.2 Market Restraints

      1. 1.2.1 Fluctuation in the prices of raw materials

    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 Consumers

      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

    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 Industry

      1. 2.2.1 Furniture

      2. 2.2.2 Construction

      3. 2.2.3 Packaging

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Oriented Strand Board Market Size FAQs

The North America Oriented Strand Board Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

West Fraser , Louisiana-Pacific Corporation , Georgia-Pacific , Weyerhaeuser and J M Huber Corporation are the major companies operating in the North America Oriented Strand Board Market.

North America Oriented Strand Board Report Snapshots

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