Escalating demand for cost-effective wood products for building applications, such as flooring and structural panels, is driving growth in the North American and European engineered wood markets.
A new report from Frost & Sullivan, entitled Strategic Analysis of the North American & European Engineered Wood Markets in Construction & Buildings, says despite the decline in housebuilding and RMI markets, volume consumption of engineered wood products is expected to pick up due to increasing consumer acceptance.
The engineered wood market is also benefiting from the trend for products which improve the environmental performance of buildings. “In the US, the development of ‘green building standards’ has been initiated in several states,” says the report. “These standards are comprehensive and provide impetus for certified wood and wood products that are associated with low emissions.”