Market Overview:
The global modified hardwood market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for modified hardwood in residential, commercial, and industrial applications. Modified hardwood is treated with various processes such as thermal treatment, acetylation, and other treatments in order to improve its properties such as durability, strength, and stability. These treatments also enhance the appearance of the wood by imparting a glossy finish or a color change. North America dominates the global modified hardwood market followed by Europe and Asia Pacific. The growth in North America can be attributed to the increasing demand for flooring products made from wood species that are resistant to decay and pests.
Product Definition:
A Modified Hardwood is a wood product that has been treated with chemicals or heat in order to make it more durable and resistant to moisture. Modified hardwoods are often used for flooring, paneling, and furniture. They are important because they are more durable than untreated hardwoods, making them better suited for use in high-traffic areas.
Thermal Treatment:
Thermal treatment is a process of heating materials above their melting point to accelerate the process of decomposition or change the physical and chemical properties of a material. Thermal treatment can be used for processing hardwood, softwood, and wood chips. The most common method used for thermal treatment is drying; it can also be applied through heat-treating, pyrolysis (heating wood in an electric arc furnace), or steam autoclaving (heat treating using dry heat).
Acetylation:
Modified hardwood is the product of chemical modification or treatment to increase durability and strength. The majority of the commercially available modified wood products are produced from species such as oak, maple, and beech. Other types of modified wood include fruit orchards (apple, cherry), sugar mills (sugar maple), papermills (white birch), and constructional timbers (loblolly pine).
Application Insights:
The residential application segment led the market and accounted for more than 55.0% share of the global revenue in 2017. The growth can be attributed to increasing demand from end-users for finished products with enhanced aesthetic appeal and durability coupled with growing preference towards using wood flooring in living spaces as it is a sustainable material, which provides thermal insulation, soundproofing and fire protection.
The commercial application segment is expected to witness significant growth over the forecast period owing to rising construction spending in emerging economies such as China, India and Brazil on account of rapid industrialization along with urbanization that has resulted in an increased need for office space across these countries. In addition, high product penetration levels coupled with low installation cost will further propel industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to growing awareness regarding energy efficiency, coupled with stringent government regulations pertaining to carbon emissions from furniture manufacturing industries.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast years, registering a CAGR exceeding 5.0%.
Europe also accounted for a major share in terms of revenue due mainly its large production base located primarily Germany, U.K.
Growth Factors:
- Increased demand from the construction and furniture industries
- Growing popularity of engineered hardwood flooring
- Rising prices for traditional lumber materials
- Innovation in manufacturing processes and products
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Modified Hardwood Market Research Report
By Type
Thermal Treatment, Acetylation, Other Treatments
By Application
Residential, Commercial, Industrial
By Companies
Kebony, Accsys Technologies, Houthandel Lambert van den Bosch, Stora Enso, Thermory AS, Oy SWM-Wood Ltd, Timura Holzmanufaktur GmbH, Karava, Kebony
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Modified Hardwood Market Report Segments:
The global Modified Hardwood market is segmented on the basis of:
Types
Thermal Treatment, Acetylation, Other Treatments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kebony
- Accsys Technologies
- Houthandel Lambert van den Bosch
- Stora Enso
- Thermory AS
- Oy SWM-Wood Ltd
- Timura Holzmanufaktur GmbH
- Karava
- Kebony
Highlights of The Modified Hardwood Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermal Treatment
- Acetylation
- Other Treatments
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modified Hardwood Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Modified hardwood is a type of wood that has been treated with a chemical or heat treatment to improve its strength, durability, and appearance.
Some of the major companies in the modified hardwood market are Kebony, Accsys Technologies, Houthandel Lambert van den Bosch, Stora Enso, Thermory AS, Oy SWM-Wood Ltd, Timura Holzmanufaktur GmbH, Karava, Kebony.
The modified hardwood market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modified Hardwood Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Modified Hardwood Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Modified Hardwood Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Modified Hardwood Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Modified Hardwood Market Size & Forecast, 2018-2028
4.5.1 Modified Hardwood Market Size and Y-o-Y Growth
4.5.2 Modified Hardwood Market Absolute $ Opportunity
Chapter 5 Global Modified Hardwood Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Modified Hardwood Market Size Forecast by Type
5.2.1 Thermal Treatment
5.2.2 Acetylation
5.2.3 Other Treatments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Modified Hardwood Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Modified Hardwood Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modified Hardwood Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Modified Hardwood Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Modified Hardwood Analysis and Forecast
9.1 Introduction
9.2 North America Modified Hardwood Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Modified Hardwood Market Size Forecast by Type
9.6.1 Thermal Treatment
9.6.2 Acetylation
9.6.3 Other Treatments
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Modified Hardwood Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Modified Hardwood Analysis and Forecast
10.1 Introduction
10.2 Europe Modified Hardwood Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Modified Hardwood Market Size Forecast by Type
10.6.1 Thermal Treatment
10.6.2 Acetylation
10.6.3 Other Treatments
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Modified Hardwood Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Modified Hardwood Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Modified Hardwood Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Modified Hardwood Market Size Forecast by Type
11.6.1 Thermal Treatment
11.6.2 Acetylation
11.6.3 Other Treatments
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Modified Hardwood Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Modified Hardwood Analysis and Forecast
12.1 Introduction
12.2 Latin America Modified Hardwood Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Modified Hardwood Market Size Forecast by Type
12.6.1 Thermal Treatment
12.6.2 Acetylation
12.6.3 Other Treatments
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Modified Hardwood Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Modified Hardwood Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Modified Hardwood Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Modified Hardwood Market Size Forecast by Type
13.6.1 Thermal Treatment
13.6.2 Acetylation
13.6.3 Other Treatments
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Modified Hardwood Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Modified Hardwood Market: Competitive Dashboard
14.2 Global Modified Hardwood Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kebony
14.3.2 Accsys Technologies
14.3.3 Houthandel Lambert van den Bosch
14.3.4 Stora Enso
14.3.5 Thermory AS
14.3.6 Oy SWM-Wood Ltd
14.3.7 Timura Holzmanufaktur GmbH
14.3.8 Karava
14.3.9 Kebony
