Oriented Strand Board Market Size, Share, Competitive Landscape and Trend Analysis Report, by Grade and Application : Global Opportunity Analysis and Industry Forecast, 2021-2030

Oriented strand board (OSB) is type of engineered wood, which is manufactured in cross-oriented layers to form strong, stiff, structural panels. Structured panels are formed by the composition of thin rectangular-shaped wood strands arranged in layers at right angles. OSB is also known as sterling board, flake board, and aspenite. This board is bonded with waterproof adhesives and is also treated with sealants to guard against moisture penetration during shipment.

The construction industry widely uses ODB in a wide range of products from squeak-free floors to solid wall and roofs sheathing. It is engineered for strength and designed and can be employed in applications such as residential and non-residential. It has broadened its position in new markets such as materials-handling, structural insulated panel, do-it yourself interior projects, wood I-joist products, and a few industrial applications (furniture and trailer liners), due to its enhanced properties and performance.

Covid-19 Impact Analysis 

• The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the oriented strand board market in 2020.
• The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
• The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
• The lockdown has resulted in hampering the imports and exports of various goods. Also, the uncertainty created in the market in the consumers’ buying pattern has resulted in hampering the oriented strand board market.

Top Impacting Factors

Increase in demand for strong and stiff structural wood-based panel products is expected to create significant opportunities for the OSB market. In the construction industry, OSB is used for floors and roofs, walls, doors, staircases, columns, and beams.

This is expected to drive the demand for OSB during the forecast period. The OSB market has developed significantly in the recent years. This can be primarily ascribed to high performance and increasing recognition of eco-friendly products globally.

OSB plays an important role in addressing several issues associated with mechanical performance and resistance to moisture. These boards are versatile, tough, and inexpensive. Rise in usage of OSB in the packaging industry for food and beverages, pharmaceutical, cosmetics, and others is expected to propel the OSB market during the forecast period.

Market trends

• Soaring Demand from the Construction Segment is a key driver for the market.
• Wood-based panels are crucial in the construction industry, providing high structural durability to roofs and floors, walls, beams, doors, staircases, etc. In OSB panels, they produce a stronger and stiffer panel than other products used in similar types of construction projects. The material eliminates rings and knots, which makes it more uniform. Its structure provides OSB a great deal of strength, allowing it to be used in a broad range of applications, particularly for load-bearing applications. The building and construction industry is currently a thriving industry in several emerging economies of the Asia-Pacific and the South American regions, which is expected to drive the use of OSB, thus minimizing infrastructure failures.
• Increased usage in manufacturing process is also helping the market to prosper.
• It is increasingly being used in I-joists, floor trusses, structural core panels, and stresses skin panels owing to technological innovations in the industry. This, in turn, will drive its growth in the years to come. The wood used in product manufacturing is generally derived from fast-growing trees, which can be replanted quickly, consequently resulting in a reduced rate of deforestation. Also, OSB panels are exempted from formaldehyde regulations, which is expected to drive its demand as a green building material.
• Rising imports and exports demand to package is boosting the market growth.
• Increasing imports and exports are expected to create enormous packaging demand. Increasing focus on economic efficiency and increased demand for recycled packaging materials, in pallet and box form, over the projected timeframe, to drive demand for product consumption. The product is used for many other applications, including the decoration of the interior and furnishings. High features such as humidity resistance, durability and long-lasting, are anticipated to accelerate demand for interior design applications. However, the OSBs are lightweight and their demand for furniture applications is further increased.

Key Benefits of the Report

This study presents the analytical depiction of the oriented strand board market industry along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the oriented strand board market share.
• The current market is quantitatively analyzed to highlight oriented strand board market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed oriented strand board market analysis based on competitive intensity and how the competition will take shape in coming years.

  Oriented Strand Board Market Report Highlights