Market Size of Europe Oriented Strand Board Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Oriented Strand Board Market Analysis
The oriented strand board (OSB) market in Europe is projected to register a CAGR of over 3% during the forecast period.
COVID-19 negatively impacted the market in 2020. Owing to the pandemic scenario, the construction works were put on hold during the government-imposed lockdown, which decreased the oriented strand boards (OSB) consumption. However, the conditions recovered in 2021, and construction industry growth stimulates the demand for the OSB panel market in the coming years.
- Over the short term, the desirable properties of OSB and the growing prominence of OSB as a substitute for plywood are expected to drive the growth of the market studied.
- On the flip side, volatile organic compounds (VOC) emissions, such as formaldehyde, are expected to hinder the market's growth.
- Increasing the application of OSB in structurally insulated panels is likely to act as an opportunity in the future.
- Germany dominated the European market, with the most significant consumption of OSBs and high demand from construction and packaging industries replacing plywood.
