Global and Regional Oriented Strand Board (OSB) Market Status: Market Growing at a CAGR of 4.67% from 2024 to 2029

Global Oriented Strand Board (OSB) Market Overview

According to Global Market Monitor, the global oriented strand board (OSB) market size is $11.31 billion in 2024 with a CAGR of 4.67% from 2024 to 2029.

Oriented strand board (OSB) is a type of engineered wood similar to particle board, formed by adding adhesives and then compressing layers of wood strands (flakes) in specific orientations. Oriented Strand Board is a widely used, versatile structural wood panel. Manufactured from waterproof heat-cured adhesives and rectangular shaped wood strands that are arranged in cross-oriented layers, OSB is an engineered wood panel that shares many of the strength and performance characteristics of plywood. OSB's combination of wood and adhesives creates a strong, dimensionally stable panel that resists deflection, delamination, and warping; likewise, panels resist racking and shape distortion when subjected to demanding wind and seismic conditions.

Regional Market

OSB is one of the fastest-growing boards in the world. It has been widely used in construction, decoration, furniture, packaging and other fields in North America, Europe, Japan and other developed countries. It is an upgraded product of blockboard and plywood. The market price of OSB is also comparable to that of high end large core boards, and regardless of environmental performance or physical properties, OSB has comparable goodness. Increasing Demand due to Desirable Properties, including Strength and Light Weight.

The global infrastructure industry has been growing at a healthy rate in recent times. Materials, such as plywood, decorative surface products, and engineered wood panels, like Particleboard, Oriented Strand Board (OSB), and Medium density fiberboard (MDF) are witnessing increased demand due to their usage in furniture and in floors and roofs, walls, door, kitchen cabinets, staircase, etc. OSB stands out as the fastest-growing product segment and is being widely used, both, in residential and commercial construction, and can be used successfully for exterior walls, sub flooring, roof decking, etc.

Challenge posed by fluctuating raw material prices

Suppliers in the OSB market have a strong influence on product prices, as raw materials account for a large proportion of the overall manufacturing cost of OSB. Volatility in raw material prices may challenge market growth. Significant fluctuations in timber prices are expected to present production risks due to weather conditions. In addition, as crude oil prices fluctuate due to changes in the macro-environment, the prices of adhesives and resins used in products fluctuate greatly, which will increase production and operational risks for manufacturers. For example, the number and scale of forest fires in North America could affect wood production and prices, with potential increases of up to 10% to 20%. The fluctuation of raw material prices has an impact on the stability of production and operation of enterprises, and enterprises need to take precautionary measures against risks.

Drivers	The construction industry is an important application market
	Advances in OSB Technology
	Desirable Properties of OSB
	Growing Prominence of OSB, as a Substitute to Plywood
Challenges	Challenge posed by fluctuating raw material prices
	Emissions of Volatile Organic Compounds (VOCs)
	Disadvantage of Oriented Strand Board (OSB)

For more industry information, please refer to our latest released "2023 Global Oriented Strand Board (OSB) Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".