Tight laws and restrictions governing the use of pyridine are projected to stymie industry expansion. One of the key reasons limiting pyridine use is harmful composting when using it as a herbicide. Moreover, excessive pyridine usage has the potential to contaminate compost material such as hay, dung, and so on. The worldwide engineered wood market is expanding due to growing demand for ecologically friendly building materials such as engineered wood, as well as increased construction activity in developed countries. Furthermore, increased government housing investments are likely to drive market expansion. Additionally, countries have implemented rigorous rules to reduce carbon emissions, which is projected to drive market expansion. Throughout the forecast period, advancements in technology and machining techniques are expected to provide considerable market potential. Tight environmental laws related to formaldehyde emissions are expected to stymie industry expansion. Because excessive quantities of formaldehyde may cause a variety of health problems, rules are in place to minimise exposure.
According to Coherent Market Insights, the global Engineered Wood Market size was valued at USD 321771.16 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.78% from 2022 to 2030.
Leading Companies in the Engineered Wood Industry:
1. Binderholz GmbH
Binderholz is a European company for solid wood products and innovative construction solutions. The name Binder stands in the wood sector for tradition awareness and seriousness, combined with high technology and innovation. The company was founded in 1950, headquartered in Austria. In Sep 29, 2017 Binderholz acquired Klenk Holz. In August 2020, Binderholz GmbH bought all the assets of Klausner Lumber One LLC, Florida in an auction for USD 61.0 million. This acquisition of Klausner Lumber One LLC enables the company to expand its timber processing capabilities in the United States
2. Boise Cascade
Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The company was incorporated in 2004 and is headquartered in Boise, Idaho. In January 2021, Boise Cascade inaugurated its second-door shop in Texas, United States, which can serve approximately 900 customers. This new shop is in line with the company strategy to expand with the help of supplier partners.
3. Huber Engineered Woods LLC
Huber Engineered Woods manufacture and supplies roof sheathing, wall sheathing, insulated R- sheathing, stretch tape and liquid flash. The company is headquartered in North Carolina, U.S. founded in 1883.
4. KLH Massivholz Wiesenau GmbH
The company is operates internationally which is why our large-formate KLH® solid timber boards are not just used in Europe, but all across the globe as wall, ceiling and roof elements in structural timber construction. The company was founded in 1997. In May 2022, KLH Engineers spins out new firm
5. Kronoplus Limited
Kronoplus Ltd was founded in 1997. The Company's line of business includes the manufacturing of miscellaneous wood products. Headquartered in Austris.
6. Louisiana-Pacific Corporation
Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through: Siding, Oriented Strand Board, and South America. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.
7. Mayr-Melnhof Holz Holding AG
Mayr-Melnhof Holz Holding is a timber company. The company is headquartered in Austria, founded in 1850.
8. Woodtech Corporation
acific Woodtech Corporation manufactures private label engineered wood products such as beams, headers and studs. The company was founded in 1998, headquartered in Washington, U.S. In Aug 1, 2022 Pacific Woodtech Corporation acquired LP Building Solutions-Engineered Wood Products.
*Definition-Engineered wood is a stronger and more lasting alternative to solid wood. It is a composite material made up of numerous layers of wood, most often plywood. The layers are fused together using adhesives and tested to verify the final product's endurance. Since the grain runs in multiple directions, engineered wood is more stable than solid wood.
