What is Global Thermally Modified Wood Boards Market?
The Global Thermally Modified Wood Boards Market is a fascinating and rapidly evolving sector. Thermally modified wood boards are a type of wood that has been treated with heat to improve its durability and stability. This process changes the chemical structure of the wood, making it more resistant to decay, insects, and weathering. The global market for these products is vast and diverse, encompassing a wide range of industries and applications. From construction and furniture to decking and siding, thermally modified wood boards are used in a variety of ways around the world. The market is driven by factors such as the growing demand for durable and sustainable building materials, the increasing popularity of outdoor living spaces, and the ongoing trend towards green and eco-friendly products.
Thermo-S, Thermo-D in the Global Thermally Modified Wood Boards Market:
Thermo-S and Thermo-D are two key technologies in the Global Thermally Modified Wood Boards Market. Thermo-S, or thermosoftening, involves heating the wood to temperatures of 180-230 degrees Celsius in a controlled environment. This process softens the wood, making it more pliable and easier to work with. On the other hand, Thermo-D, or thermodesorption, is a more intensive process that heats the wood to temperatures of 210-260 degrees Celsius. This results in a darker, more durable wood that is highly resistant to decay and insects. Both Thermo-S and Thermo-D offer unique benefits and are used in different applications, contributing to the diversity and versatility of the thermally modified wood boards market.
Commercial, Residential in the Global Thermally Modified Wood Boards Market:
The usage of Global Thermally Modified Wood Boards Market in commercial and residential areas is extensive. In commercial settings, these boards are often used in outdoor structures such as decks, pergolas, and gazebos, as well as in siding and cladding applications. They are prized for their durability, weather resistance, and aesthetic appeal, making them a popular choice for businesses looking to enhance their outdoor spaces. In residential settings, thermally modified wood boards are commonly used in home construction and renovation projects. They are particularly popular for decking and siding, where their enhanced durability and resistance to decay offer significant advantages over traditional wood products. Additionally, their natural, warm appearance makes them a desirable choice for homeowners seeking to add a touch of elegance and sophistication to their homes.
Global Thermally Modified Wood Boards Market Outlook:
The Global Thermally Modified Wood Boards Market has shown impressive growth in recent years. In 2023, the market was valued at US$ 475 million, and it is expected to reach US$ 828.7 million by 2030. This represents a compound annual growth rate (CAGR) of 7.6% during the forecast period from 2024 to 2030. The market is currently not concentrated, with the top three players accounting for 44% of the market value in 2019. This suggests that there is plenty of room for new entrants and smaller players to make their mark. The market is expected to become more dispersed in the future, offering opportunities for a wide range of companies to participate and thrive.
| Report Metric | Details |
| Report Name | Thermally Modified Wood Boards Market |
| Accounted market size in 2023 | US$ 475 million |
| Forecasted market size in 2030 | US$ 828.7 million |
| CAGR | 7.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Arbor Wood, Oy Lunawood Ltd, Oy SWM-Wood Ltd, Stora Enso, Thermory AS, Cambia by NFP, Timura Holzmanufaktur GmbH, Novawood, Kärävä Oy, Thermoarena OÜ, Bingaman & Son Lumber, Inc., AHC Hardwood Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
