The global sawn timber market is valued at USD 491.2 Million in 2022. The market is expected to grow with a CAGR of 4.15% in the forecast duration. Moreover, the sawn timber market is anticipated to cross a valuation of USD 737.65 Million by the end of 2032.
Sawn timber is preferred due to its small deformation and high bonding strength. The things made of sawn timber are crack resistant and easier to splice. This is considered a common green material that is used in the decoration and construction industries. The tensile strength and density of sawn timber have different uses.
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Competitive landscape
Companies in the timber industry are facing heavy competition with rising market players. However, shapes, product quality, and texture are key parameters that successfully differentiate between leading and lacking manufacturers in the timber industry. Sawn timber manufacturers in the market are experimenting with forms and textures based on the density of wood with other materials in order to expand their product portfolio. Branding and strategic promotion also play a crucial role in market dominance by some companies.
- In 2018, Confor timber and pulp company announced the acquisition of VIDA. The move was intended to satisfy demand from global customers by ensuring the sustainable supply of high-value products on a long-term basis. With this move, the company has expanded its manufacturing in Canada and Columbia.
- In 2021, West Fraser global timber manufacturer owned subsidiary Norbord Inc to increase their brand expansion and production capacity. The brand uses a diversification policy to expand in wood products.
- In 2022, Sykkylven a big school made by Stora Enso intends to promote the use of wood buildings for environmental sustainability. The company is dedicated to working on recycling products. The company has also presented the benefits of wooden buildings in making people feel calmer and enhancing their concentration. Companies are focusing on the novel applications of wood in the building and construction field to gain sustainable outcomes.
Key Companies Profiled
- West Fraser Timber Co Ltd
- Canfor
- Weyerhaeuser
- Stora Enso
- Georgia Pacific
- Interfor
- Sierra Pacific Industries
- Hampton Affiliates
- Arauco
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Sawn Timber Market- Segmentation
- By Types –
- Rift sawn
- Quarter sawn
- Plain sawn
- By Region –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
Questionnaire answered in the Sawn Timber Market report include:
- How the market for Sawn Timber has grown?
- What is the present and future outlook of the global Sawn Timber on the basis of region?
- What are the challenges and opportunities for the Sawn Timber?
- Why the consumption of Sawn Timber highest in region?
- In which year segment is expected to overtake segment?About Us:
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