The global transparent wood market was valued at USD 88.4 million in 2022 and it is anticipated to grow further till USD 208.1 million by 2032, at a CAGR of 8.9% during the forecast period.
Transparent wood composites are new types of wood materials that are more transparent than ordinary woods by over 90% and have superior mechanical qualities. Due to their innate biodegradable qualities, these materials are becoming commercially available and are thought to be advantageous. Transparent wood materials are more durable and lightweight than regular wood, making them an appealing option for use in energy-efficient construction.
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Market Trends and Drivers
Globally, people are becoming more aware of the building industry’s carbon footprints. According to a report by the World Green Building Council, construction-related activities and supplies are responsible for more than 11% of carbon emissions. As a result, using wood for construction is regarded as a method of storing carbon, opening up lucrative potential for suppliers of translucent wood.
Major Players in the Global Transparent Wood Market
The key players studied in the report are Hoffmann Mineral GmbH, InventWood, Nomaco, Sayerlack, Abro, Cellutech AB, Holland Composites, Preserva Products LTD., Wash Safe, DEFY among others.
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COVID-19 Impact
Global demand for wooden furniture increased as a result of the epidemic and the recommendation to stay at home for safety reasons. The need for work tables, study tables, and home office settings increased as learn from home policies for students and work from home policies for employees increased. This supported the furniture industry and propelled the transparent wood market throughout the pandemic.
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Global Transparent Wood Market Segmentation
By Application
- Construction
- Furniture
- Solar Cell
- Automotive Windshields
- Packaging
- Flexible Electronics
- Others
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