North America Wood Products Market (Softwood Lumber, Oriented Strand Board & Plywood): (2021-2025)
The major regional and country markets (Asia Pacific, Europe, North America, Middle East & Africa and Central & South America, along with the U.S.) have been analyzed.
By: Koncept Analytics
On the basis of type, the North America wood products demand can be divided into two categories, named as, Softwood Lumber and Engineered Wood Products (EWP).
The fastest growing market in the region is the U.S. due to rising inclination of population towards home repair and remodeling, rebound in new residential construction, high presence of forest reserves in the region, increasing disposable income and upswing in wood product manufacturing on account of aesthetically pleasing properties of wood, and the perception of wood as an environmentally friendly material. Further, the sudden outbreak of COVID-19 is causing an adverse disruption in the business environment, affecting the wood products production and consumption, resulted in slower growth of the wood products market in North America.
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