Global Laminated Veneer Lumber Market Report 2023: Rising Preference for Engineered Wood Products Fuels Growth

Jul 01, 2023

DUBLIN, June 27, 2023 /PRNewswire/ -- The "Laminated Veneer Lumber Market Report 2023 - 2032" report has been added to ResearchAndMarkets.com's offering.

The global laminated veneer lumber (lvl) market size is expected to reach USD 11.27 Billion by 2032, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth. The growing demand for sustainable building materials and the increasing popularity of wood-based products in the construction industry are the major factors driving the market. Further, the rising demand for sustainable and eco-friendly building materials results in a greater need for LVL materials, another supporting factor for the market.Laminated Veneer Lumber (LVL) is an engineered wood product made by layering thin wood veneers together and gluing them with high-performance adhesives under heat and pressure. LVL is a strong, durable, and versatile wood product widely used for beams, headers, and joists in the construction industry.Several benefits of using LVL include strength and durability, versatility, cost-effectiveness, sustainability, and consistency. For instance, it is widely used in various applications, including beams, headers, floor joists, and roof rafters. It can also be cut to size and shaped for custom applications. LVL can be a cost-effective alternative to traditional lumber or steel beams, especially in longer spans or high-load applications where solid wood may not be sufficient.One of the limiting factors of Laminated Veneer Lumber (LVL) is its susceptibility to moisture. When exposed to high moisture levels or prolonged exposure to water, LVL can lose strength and durability and may warp, swell or delaminate.Another limiting factor of LVL is its availability. While LVL is becoming more common and widely used, it may only be available in some areas or for some types of projects. Cost can also be a limiting factor for LVL, as it can be more expensive than traditional lumber products.

Companies Mentioned

Murphy

Boise Cascade

Anderson Lumbar Company

Clarke Veneers & Plywood

Magnus Plywood Pvt. Ltd.

Universal Forest Products

Brisco Manufacturing Ltd.

Louisiana-Pacific Corporation

TimberHof GmbH

MJB Wood Group LLC

Huber Engineered Woods LLC

Nelson Pine Industries Ltd.

UFC Industries Inc.

Magnus Plywood Pvt. Ltd.

Sunrise Plywood.

Report Highlights

The pandemic has caused disruptions in the global supply chain, affecting production and distribution, and has reduced demand for construction materials, including LVL. In contrast, the pandemic has also shifted construction practices with increased emphasis on health and safety. It has led to an increased demand for prefabricated building materials that can be assembled off-site, reducing the need for on-site labor.

The Cross Bended LVL segment is anticipated to dominate the market in the forecast period. The increasing demand for high-strength, durable, and versatile building materials majorly drives the segment.

The Residential segment is anticipated to dominate the market in the forecast period. Driving factors for the part includes growing demand for affordable housing, sustainability, and environmental concerns, advantages over traditional building materials, growth in residential construction, and government initiatives.

The commercial building segment is expected to witness the fastest growth rate in the coming years, driven by the increasing demand for sustainable and energy-efficient buildings.

The Asia Pacific region is a significant and dominating Laminated Veneer Lumber (LVL) market. Key factors supporting the part can be attributed to rapid urbanization, increasing construction activities, rising disposable income, government initiatives, and availability of raw materials.

Key Topics Covered: 1. Introduction2. Executive Summary3. Research Methodology4. Global Laminated Veneer Lumber (LVL) Market Insights4.1. Laminated Veneer Lumber (LVL) Market - End-User Snapshot4.2. Laminated Veneer Lumber (LVL) Market Dynamics4.2.1. Drivers and Opportunities4.2.1.1. Growing use of Laminated Veneer Lumber (LVL) in the construction industry4.2.1.2. Rising preference for engineered wood products4.2.2. Restraints and Challenges4.2.2.1. Lack of skilled labour4.3. Porter's Five Forces Analysis4.4. PESTEL Analysis4.5. Laminated Veneer Lumber (LVL) Market End-User Trends4.6. Value Chain Analysis4.7. COVID-19 Impact Analysis5. Global Laminated Veneer Lumber (LVL) Market, by Product Type5.1. Key Findings5.2. Introduction5.2.1. Global Laminated Veneer Lumber (LVL) Market, by Product Type, 2019-2032 (USD Billion)5.3. Cross Bended LVL5.3.1. Global Laminated Veneer Lumber (LVL) Market, by Cross Bended LVL, by Region, 2019-2032 (USD Billion)5.4. Laminated Strand Lumbar5.4.1. Global Laminated Veneer Lumber (LVL) Market, by Laminated Strand Lumbar, by Region, 2019-2032 (USD Billion)6. Global Laminated Veneer Lumber (LVL) Market, by Application6.1. Key Findings6.2. Introduction6.2.1. Global Laminated Veneer Lumber (LVL) Market, by Application, 2019-2032 (USD Billion)6.3. Headers6.3.1. Global Laminated Veneer Lumber (LVL) Market, by Headers, by Region, 2019-2032 (USD Billion)6.4. Beams6.4.1. Global Laminated Veneer Lumber (LVL) Market, by Beams, by Region, 2019-2032 (USD Billion)6.5. Rim Board6.5.1. Global Laminated Veneer Lumber (LVL) Market, by Rim Board, by Region, 2019-2032 (USD Billion)6.6. Truck Bed Decking6.6.1. Global Laminated Veneer Lumber (LVL) Market, by Truck Bed Decking, by Region, 2019-2032 (USD Billion)6.7. Others6.7.1. Global Laminated Veneer Lumber (LVL) Market, by Others, by Region, 2019-2032 (USD Billion)7. Global Laminated Veneer Lumber (LVL) Market, by End-User7.1. Key Findings7.2. Introduction7.2.1. Global Laminated Veneer Lumber (LVL) Market, by End-User, 2019-2032 (USD Billion)7.3. Residential7.3.1. Global Laminated Veneer Lumber (LVL) Market, by Residential, By Region, 2019-2032 (USD Billion)7.4. Commercial7.4.1. Global Laminated Veneer Lumber (LVL) Market, by Commercial, By Region, 2019-2032 (USD Billion)7.5. Industrial7.5.1. Global Laminated Veneer Lumber (LVL) Market, by Industrial, By Region, 2019-2032 (USD Billion)8. Global Laminated Veneer Lumber (LVL) Market, by Geography9. Competitive Landscape9.1. Expansion and Acquisition Analysis9.1.1. Expansion9.1.2. Acquisitions9.2. Partnerships/Collaborations/Agreements/Exhibitions10. Company ProfilesFor more information about this report visit https://www.researchandmarkets.com/r/4pukmw

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