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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Laminated Veneer Lumber Market Share
Based on application, the residential sector accounts for a significant share of the market
There is a rising popularity of wood-based construction in Europe. Around 70% of the wood consumed in the EU is used in construction and furnishings. Further, around 8-10% of single-family homes in the EU have a wooden frame. LVL is widely deployed in permanent structural applications, such as beams, lintels, and truss chords.
As of August 2023, Germany held the largest housing stock in Europe with 43.4 million dwellings. France and Spain followed Germany with 37.6 million and 26.1 million dwellings, respectively.
Based on end use, the construction sector is a major contributor to the laminated veneer lumber market revenue
Construction companies are focusing on building materials, such as LVL that are functional and environmentally responsible. LVL studs can be up to 2.5 times stronger than standard framing lumber of the same dimension in compression and tension. Hence it provides exceptional strength against wind and shear loads.
Laminated Veneer Lumber Market Report Snapshots
Laminated Veneer Lumber Market Size
Laminated Veneer Lumber Market Growth
Laminated Veneer Lumber Market Trends
Laminated Veneer Lumber Market Share
Laminated Veneer Lumber Manufacturers
Laminated Veneer Lumber Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a volume of 5,116.8 thousand CBM in 2023.
The market is estimated to grow at a CAGR of 4.0% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 7,256.3 thousand CBM by 2032.
The factors driving the market growth are increasing inclination towards environmental safety and sustainability, rising adoption of wood as a construction material, and favourable government initiatives supporting the adoption of wood.
The key regional markets for laminated veneer lumber are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses include construction and non-construction.
The applications include residential, commercial, and others.
The key players in the market include Murphy Company, METSÄ Group Companies, Roseburg Forest Products Co., STEICO SE, Stora Enso Oyj, Boise Cascade Company, Weyerhaeuser Company, Pacific Woodtech Corporation, and Juken New Zealand Ltd. among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124