Laminated Veneer Lumber Market Research Report, Upcoming Trends, Demand, Regional Analysis and Forecast 2024

-
The global laminated veneer lumber market has experienced a robust growth over the years. The increasing demand for LVL can be attributed to the revival in the construction activities and increasing renovation projects across the globe.

Get a free sample for this market study here: https://www.imarcgroup.com/request?type=report&id=795&flag=B
Laminated veneer lumber (LVL) is made by bonding rotary peeled and sliced thin wood veneers with weatherproof glue under high heat and pressure. This engineered wood product provides high durability, uniformity and strength due to the low variability of the panels. Additionally, it is light in weight and has the ability to span long distances. A new research report by IMARC Group, titled “Laminated Veneer Lumber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global laminated veneer lumber market reached a value of US$ 2.3 Billion in 2017, registering a CAGR of around 16% during 2010-2017. The report further anticipates the market to reach a value of US$ 5.5 Billion by 2023.

Global Laminated Veneer Lumber Market Drivers/Constraints:
  • Due to its advantageous structural properties, laminated veneer lumber is employed in the construction of customised wooden houses, large prefabricated buildings and industrial warehouses. A rise in the construction of these buildings is stimulating the market growth.
  • Revival in the construction industry, particularly in the developed regions, has led to an increase in the construction of residential, commercial and infrastructural projects, thereby bolstering the demand for LVL worldwide.
  • In the recent years, the global laminated veneer lumber market has gained momentum in the United States and European countries, where LVL is used for substituting traditional building materials such as concrete or structural steel.
  • The availability of alternatives for LVL can hamper the growth of the global LVL market. Moreover, uncertainties in the economic scenario and infrastructural risks are some of the other factors deterring the growth of the market.

Application Insights:
The report has categorised the applications of LVL into residential and commercial, and new construction and replacement segments.
  • Residential and Commercial Segment
Based on application, the residential sector accounts for the majority of the total market share, followed by the commercial sector. LVL beams are used as bearing structures in the construction of walls, roofs and floors. A surge in the urbanisation rate in the emerging regions has boosted the demand for LVL in the residential sector.
  • New Construction and Replacement Segment
At present, new construction dominates the LVL market, representing the leading segment. This can be accredited to its utilisation in structural applications due to its high dimensional stability, impact bending and superior strength.
Regional Insights:
Region-wise, North America enjoys the leading position in the global laminated veneer lumber market. Increasing demand for residential housing is one of the major factors for the growth of the market in the region. Apart from this, renovation projects of building and furniture in North America is another factor bolstering the market growth.
Competitive Landscape:
The market is highly fragmented with the presence of numerous small, medium and large players who compete in terms of price and quality. However, the presence of high economy of scale negates the threat from new entrants. Some of the leading players operating in the market are:
  • Clarke Veneers and Plywood
  • Roseburg
  • Nelson Pine Industries Limited
  • Weyerhaeuser

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARCGroup
Stuart Billy
Email:  Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 |  www.imarcgroup.com
Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331
Linkedin:  https://www.linkedin.com/company/imarc-group/
Location: New Mexico, USA

Comments

Post a Comment

Popular posts from this blog

European Frozen Seafood Market is Projected to witness Strong Growth during the Forecast Period

-
Image
According to the latest report by IMARC Group, titled “ European Frozen Seafood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the  European frozen seafood market  reached a value of US$ 21.4 Billion in 2018, growing at a CAGR of 3.7% during 2011-2018. The European continent is intricately linked with the sea and seafood products form a quintessential part of the regional cuisine. These products serve as a rich source of proteins, micronutrients and essential fatty acids, and are low in fat. They are known to promote heart health, ease the symptoms of arthritis, maintain healthy eyesight, and preserve skin moisture, along with offering innumerable other health benefits. As these products are highly perishable, they require freezing for extending their shelf-life. The freezing process employs advanced techniques like cryofreezing to freeze the products below 200? C. This helps in sealing the flavor and nutrients in the food products fo...
Read more

Xylitol Market to Reach US$ 1,225 Million by 2025 , Industry Overview, Growth Rate and Forecast

-
As per the latest report by IMARC Group, titled “ Xylitol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 ”, the  global  xylitol market   size  reached US$ 875 Million in 2019. Xylitol is a sugar alcohol with a crystalline and granular structure and sweetness, which is comparable to sucrose. Also known as wood sugar, it is derived from xylose that occurs naturally in various fruits and vegetables. On a commercial scale, xylitol can be produced by chemical and biotechnological processes. With the rising health-consciousness, consumers are willing to spend more on natural sweeteners, such as xylitol, as it has around 75% fewer carbohydrates and 40% lesser calories as compared to table sugar. Request for a free sample copy of this report:  https://www.imarcgroup.com/xylitol-market/requestsample Global Xylitol Market Trends: Xylitol finds applications in numerous industries ranging from food and beverage (F&B...
Read more

$ 533.4 Billion Warehousing and Storage Market - Driving Factors, Key Players and Growth Opportunities by 2024

-
Image
According to the latest report by IMARC Group, titled “ Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the  global warehousing and storage market size  reached US$ 397.3 Billion in 2018. A warehouse refers to a storage space that is used for stocking finished and semi-finished goods, raw materials, and import and export products. Warehousing and storage services help manufacturers in protecting the goods from pests and insects as well as ensuring a smooth flow of production and distribution activities. At present, the demand for these services is experiencing a rise on account of factors such as the evolving e-commerce sector, the growing popularity of frozen food items and the emerging trend of outsourcing warehousing services. Request for a free sample copy of this report:   https://www.imarcgroup.com/warehousing-and-storage-market/requestsample Global Warehousing and Storage Market Trends: ...
Read more