South America Engineered Wood Market Outlook, 2029
The South America Engineering Wood Market is segmented into By Type (Plywood, Medium Density Fiberboard, Oriented Strand Boards (OSB), Particle Board, Others), By Application (Construction, Furniture, Flooring, Packaging, Others), By End User (Residential, Commercial & Industrial).
- Bonafide Research
- 31-01-2024
- Pages : 77
- Figures : 12
- Tables : 20
- Region : South America
- Category : Manufacturing & Industry
- Construction & Building Materials
The South America Engineered Wood market is expected to reach a market size of more than USD 29 Billion by 2029 due to rise in expansion of the construction sector
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2029) USD 29 Billion
- Largest MarketBrazil
- Fastest Market Colombia
- Format
Featured Companies
- 1. Mohawk Industries Inc.
- 2. UFP Industries, Inc
- 3. Boise Cascade
- 4. UPM-Kymmene Oyj
- 5. Celulosa Arauco y Constitución
- 6. Louisiana-Pacific Corporation
- More...
Engineering Wood Market Market Analysis
As South American nations continue to experience demographic shifts, economic growth, and a burgeoning middle class, the engineered wood market is positioned as a key player in meeting the evolving needs of the construction and manufacturing sectors in the region. With a global emphasis on sustainability, the South American market has shown a particular interest in engineered wood products due to their eco-friendly nature. Engineered wood is often seen as a more sustainable option compared to traditional solid wood. Various South American governments have been implementing regulations and standards to promote the use of environmentally friendly construction materials. This has positively influenced the adoption of engineered wood products. Economic growth and stability in South America have contributed to increased investment in construction and infrastructure projects. Engineered wood, being a versatile and cost-efficient material, is well-positioned to meet the demands of these growing sectors. The expanding middle class in South America has led to increased demand for modern and aesthetically pleasing homes. Engineered wood products are often used in contemporary construction and interior design, catering to this demographic. Engineered wood's affordability and versatility make it a suitable choice for affordable housing projects, which are prevalent in many South American countries. The market has responded to the demand for cost-effective yet durable building materials. According to the research report "South America Engineered Wood Market Outlook, 2029," published by Bonafide Research, the South America Engineered Wood market is expected to reach a market size of more than USD 29 Billion by 2029. The ongoing urbanisation across South America has led to a surge in construction activities. Engineered wood, with its versatility and cost-effectiveness, is in high demand for residential, commercial, and infrastructure projects. There is a growing emphasis on sustainable and eco-friendly construction materials. Engineered wood, which often utilises recycled wood fibres and makes efficient use of resources, aligns well with the region's increasing environmental awareness and regulatory push towards sustainable practices. Governments in South America have implemented policies and regulations promoting sustainable construction practices. These initiatives often favour the use of engineered wood, which can contribute to points in green building certification programs. Engineered wood products come in various forms, such as plywood, laminated veneer lumber (LVL), and particleboard, offering versatility in construction and manufacturing applications. This flexibility drives demand across a spectrum of industries, including furniture manufacturing and interior design. The expanding middle class in South America has led to increased demand for modern and well-designed homes. Engineered wood, with its aesthetic appeal and contemporary design possibilities, caters to the preferences of this demographic. Furthermore, advances in manufacturing technologies have improved the quality and performance of engineered wood products. These technological advancements contribute to the market's growth by offering high-quality and durable alternatives to traditional materials.
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Download SampleMarket Dynamic
Market Drivers • Versatility and Innovation: Engineered wood comes in various forms, such as plywood, laminated veneer lumber (LVL), and particleboard, offering versatility in construction and manufacturing. Ongoing innovations in the industry, including the development of new engineered wood products, contribute to market growth. • Increasing Middle-Class Population: The rising middle-class population in South America has led to a demand for modern and well-designed homes. Engineered wood, with its aesthetic appeal and design flexibility, is well-suited to meet the preferences of this demographic. Market Challenges • Raw Material Supply and Sustainability Concerns: The availability of raw materials, such as sustainably sourced wood, is crucial for the engineered wood industry. Challenges related to illegal logging, deforestation, and ensuring a sustainable supply chain can impact the market. • Consumer Perception: The perception of engineered wood among consumers and builders may vary. Overcoming any misconceptions or lack of awareness about the qualities and benefits of engineered wood compared to traditional materials is crucial for market growth. Market opportunity • Increasing Urbanisation: The ongoing urbanisation trend in South America, with a growing population moving to urban areas, provides a significant opportunity for the engineered wood market. Urban development projects, including residential and commercial construction, drive the demand for construction materials. • Renewable Resource Utilisation: Engineered wood products, when sourced responsibly, offer a renewable and sustainable alternative to traditional solid wood. Opportunities exist for manufacturers to emphasise sustainable forestry practices and promote the environmental benefits of engineered wood.
Engineering Wood Market Segmentation
| By Type | Plywood | |
| Medium Density Fiberboard | ||
| Oriented Strand Boards (OSB) | ||
| Particle Board | ||
| Others | ||
| By Application | Construction | |
| Furniture | ||
| Flooring | ||
| Packaging | ||
| Others | ||
| By End User | Residential | |
| Commercial & Industrial | ||
| South America | Brazil | |
| Argentina | ||
| Colombia | ||
Based on plywood, medium-density fiberboard, oriented strand boards (OSB), particle boards, and others, in South America, plywood leads the market. According to the report, the end users are segmented into commercial and residential; among them, residential leads the market. Plywood is commonly used in the construction industry for applications such as roofing, flooring, sheathing, and formwork. The growth in construction activities in South America, driven by urbanisation and infrastructure development, contributes to the high demand for plywood. Plywood is commonly used in the construction industry for applications such as roofing, flooring, sheathing, and formwork. The growth in construction activities in South America, driven by urbanisation and infrastructure development, contributes to the high demand for plywood. South American countries, with their plywood production capabilities, may export plywood to other regions, contributing to the overall leadership of plywood in the market. Furthermore, plywood has been a widely used building material for many years. Established practices and a tradition of using plywood in construction contribute to its continued dominance in the market. Furthermore, in the residential market, engineered wood is versatile and can be used in a variety of residential construction applications, including framing, flooring, roofing, and sheathing. Its versatility allows builders and architects to use engineered wood for different structural and non-structural elements within a home. Engineered wood products exhibit consistent quality in terms of strength, stability, and resistance to warping or twisting. This consistency is important in residential construction to ensure that the building materials meet safety and performance standards. Modern construction trends often favour the use of engineered wood in residential projects. The aesthetic qualities, adaptability, and sustainability of engineered wood align with contemporary architectural preferences. In terms of the application, it is segmented into Construction, Furniture, Flooring, Packaging, and Others. Furniture is significantly contributing to the market. South America is rich in forest resources and the availability of wood from species like pine and eucalyptus makes engineered wood products more accessible. This abundance of raw materials contributes to the popularity of engineered wood in the region. Engineered wood is manufactured using sustainable forestry practices and recycled materials, aligning with the increasing emphasis on environmental sustainability. Furniture manufacturers in South America opt for engineered wood to meet eco-friendly standards and consumer preferences. Advances in manufacturing technologies have improved the quality of engineered wood products. The use of modern production methods enhances the performance and aesthetic appeal of engineered wood, making it more attractive for furniture manufacturing. Changing consumer preferences and trends in furniture design often influence material choices. Consumers in South America prefer the aesthetic and functional qualities offered by engineered wood furniture, and manufacturers are likely to respond to those market demands. South American furniture manufacturers export their products to international markets. Engineered wood, with its favourable characteristics and cost-effectiveness, can contribute to the competitiveness of South American furniture in the global market.
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Engineering Wood Market Market Regional Insights
Based on the report, the major countries are Brazil, Argentina, Colombia, and the rest of South America; among them, Brazil leads the market. Brazil is home to vast and diverse forest resources, including species like pine and eucalyptus. The availability of these raw materials provides a strong foundation for the production of engineered wood products. Brazil has implemented sustainable forestry practices to ensure the responsible management of its forest resources. Engineered wood manufacturers in Brazil often adhere to these practices, aligning with global trends favouring environmentally friendly and sustainable products. Brazil is a significant producer of plywood, one of the primary forms of engineered wood. Plywood finds extensive use in construction, furniture manufacturing, and various other applications, contributing to Brazil's leadership in the engineered wood market. Furthermore, it has experienced substantial urbanisation and economic growth, leading to increased demand for construction materials. Engineered wood products, with their versatility and cost-effectiveness, are well-suited for the construction sector. Government policies and incentives that promote sustainable construction practices and the use of engineered wood can bolster the industry. Brazil has seen some governmental support and regulations favouring environmentally friendly building materials. Some Brazilian companies in the engineered wood sector have attracted international investments and partnerships, further strengthening their position in the global market. Brazilian middle-class population growth is driving up demand for contemporary, well-designed homes. In order to fulfil this need, engineered wood products—such as those used in furniture and construction—are essential.
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Companies Mentioned
- Mohawk Industries Inc.
- UFP Industries, Inc
- Boise Cascade
- UPM-Kymmene Oyj
- Celulosa Arauco y Constitución
- Louisiana-Pacific Corporation
- Fritz EGGER
- Koch Industries, Inc
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Engineered Wood Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Type
- 5.4. Market Size and Forecast, By Application
- 5.5. Market Size and Forecast, By End User
- 6. South America Engineered Wood Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Type
- 6.4. Market Size and Forecast, By Application
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. Market Size and Forecast, By End User
- 7.9. Brazil Engineered Wood Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Type
- 7.9.3. Market Size and Forecast By Application
- 7.9.4. Market Size and Forecast By End User
- 7.10. Argentina Engineered Wood Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Type
- 7.10.3. Market Size and Forecast By Application
- 7.10.4. Market Size and Forecast By End User
- 7.11. Columbia Engineered Wood Market Outlook
- 7.11.1. Market Size By Value
- 7.11.2. Market Size and Forecast By Type
- 7.11.3. Market Size and Forecast By Application
- 7.11.4. Market Size and Forecast By End User
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Porter's Five Forces
- 8.4. Company Profile
- 8.4.1. Boise Cascade
- 8.4.1.1. Company Snapshot
- 8.4.1.2. Company Overview
- 8.4.1.3. Financial Highlights
- 8.4.1.4. Geographic Insights
- 8.4.1.5. Business Segment & Performance
- 8.4.1.6. Product Portfolio
- 8.4.1.7. Key Executives
- 8.4.1.8. Strategic Moves & Developments
- 8.4.2. UPM-Kymmene Oyj
- 8.4.3. UFP Industries, Inc
- 8.4.4. Celulosa Arauco y Constitución
- 8.4.5. Louisiana-Pacific Corporation
- 8.4.6. Mohawk Industries, Inc.
- 8.4.7. Fritz EGGER
- 8.4.8. Koch Industries, Inc
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 1: Global Engineered Wood Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Engineered Wood Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 6: Global Engineered Wood Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 7: Global Engineered Wood Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 8: South America Engineered Wood Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 9: South America Engineered Wood Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 10: Influencing Factors for Engineered Wood Market, 2023
Table 11: South America Engineered Wood Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 12: Brazil Engineered Wood Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 13: Brazil Engineered Wood Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 14: Brazil Engineered Wood Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 15: Argentina Engineered Wood Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 16: Argentina Engineered Wood Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 17: Argentina Engineered Wood Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 18: Colombia Engineered Wood Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 19: Colombia Engineered Wood Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 20: Colombia Engineered Wood Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Figure 1: Global Engineered Wood Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Engineered Wood Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Engineered Wood Market Share By Region (2023)
Figure 6: South America Engineered Wood Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: South America Engineered Wood Market Share By Country (2023)
Figure 8: Brazil Engineered Wood Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Argentina Engineered Wood Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Columbia Engineered Wood Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Engineered Wood Market
Engineering Wood Market Market Research FAQs
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