Timber Market Growth & Modified Opptys 2023
The modified timber market is worth USD 612.3 billion in 2021. It is expected to grow at 6.8% during 2023-29. Modified timber is wood that has been changed with chemical, thermal or other treatments. They are made more durable, strong, and resistant to decay or fire. Modified timber is used for construction, furniture, flooring, decking, etc. It is getting more popular as eco-friendly and sustainable building materials are in demand. Modified timber has benefits like being more resistant to moisture, insects, and fire. It also has improved dimensional stability and longer service life compared to traditional timber.
Check out the detailed report description at the link. It's about the timber products or modified timber market.
The timber products market is growing. People want sustainable materials and wood products. They invest in infrastructure too. Modified timber is also popular because it is strong, stable, and fire-resistant. This has helped the market grow even more.
More people want green buildings, which means timber products are in demand. This is because they're seen as more environmentally friendly than steel and concrete. Timber is also used more often for things like flooring, decking, and cladding. Still, there are some difficulties that could stop the market from growing. These include the cost of getting started, not being able to get enough raw materials, and not having a standard way of doing things.
The timber products market is divided into three categories: process, application, and end use. For process, there are three types: thermal treatment, acetylation, and other processes. Application has three categories too: decking, cladding, and windows & doors. Finally, end use is divided into residential, commercial, and industrial.
The market for timber products and modified timber is analyzed regionally. North America and Europe have a big chunk of the market because of the need for eco-friendly construction materials in the area. Major players are present and investments are increasing for the growth of advanced timber products and modified timber. This growth leads to the market expansion.
The Asia Pacific region will grow a lot because of the building industry. India and China are growing and they will need more buildings. The population is also going up and people have more money. This will cause the market to get bigger.
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The timber products or modified timber market report features important player profiles. Some of these players are Kebony, Accsys Technologies, Houthandel Lambert van den Bosch, Stora Enso, Lignia Wood Company Ltd, Thermory AS, Oy SWM-Wood Ltd, timura Holzmanufaktur GmbH, and Kärävä Oy.
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