Market Overview:
The global parallel strand lumber (PSL) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PSL in buildings, bridges, transportation industry, furniture industry and other applications. North America is expected to lead the global PSL market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Parallel strand lumber (PSL) is a manufactured wood product created by bonding strands of wood together in a parallel fashion. PSL is used in construction as beams, headers, and joists. The strength and stiffness of PSL makes it an ideal product for these applications where high performance is required.
Structural Type:
Structural type is the most dominant growth factor in the market. PSLs are used for construction of various structures such as bridges, buildings, and others on account of their properties such as high strength and durability. Growth in infrastructure development activities across the globe has been a major driver for this market.
Non Structural Type:
Non structural type is also known as decorative wood and it’s used for manufacturing interior parts of houses such as furniture, doors, windows shutters and other products. It has high demand in the construction industry due to its aesthetic appeal. The growth of the global construction industry is expected to drive market growth over the forecast period.
Application Insights:
The buildings application segment accounted for the largest revenue share of over 40% in 2017. The rising demand from residential construction is expected to remain a key factor driving the market growth over the forecast period. Increasing urbanization across developing countries such as India, China and Brazil is anticipated to further fuel product demand in this application segment.
PSL has several advantages including ease of handling and transportation owing to its light weight; low shrinkage rate when seasoning; high strength-to-weight ratio; durability and versatility which makes it suitable for use in building & construction applications across various end uses such as furniture production, bridges & roadways etcetera globally. These factors are likely to propel its global consumption during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing infrastructure development activities in countries such as China, India, Japan, and Australia. Increasing demand for residential buildings on account of growing population has led to an increase in investments from various governments in these countries which will further boost industry expansion over the next eight years.
The construction industry is one of the most dynamic industries that are affected by numerous macro factors such as economic conditions, government policies etc., Therefore; it becomes difficult for a single company or person to foresee all outcomes resulting from these factors therefore making it challenging for any market player operating within this space. However; with advancements made within technology coupled with research & development initiatives being undertaken by major companies; there remains scope for innovation that would cater towards customer needs thereby maintaining long term growth prospects within this vertical sector at a global level.
Growth Factors:
- Increasing demand from the construction and furniture industries
- Rising popularity of engineered wood products
- Growing use of PSL in green building projects
- Proliferation of DIY home improvement projects
- Technological advancements that improve the performance and versatility of PSL
Scope Of The Report
Report Attributes
Report Details
Report Title
Parallel Strand Lumber (PSL) Market Research Report
By Type
Structural Type, Non Structural Type
By Application
Buildings, Bridges, Transportation Industry, Furniture Industry, Other
By Companies
Weyerhaeuser, Cudahy Lumber
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Parallel Strand Lumber (PSL) Market Report Segments:
The global Parallel Strand Lumber (PSL) market is segmented on the basis of:
Types
Structural Type, Non Structural Type
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
Buildings, Bridges, Transportation Industry, Furniture Industry, Other
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:
- Weyerhaeuser
- Cudahy Lumber
Highlights of The Parallel Strand Lumber (PSL) 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:
- Structural Type
- Non Structural Type
- By Application:
- Buildings
- Bridges
- Transportation Industry
- Furniture Industry
- Other
- 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 Parallel Strand Lumber (PSL) 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?
Parallel Strand Lumber (PSL) is a type of lumber that is made from several layers of wood that are cut at right angles to each other. This creates a stronger and more durable product than standard lumber.
Some of the major companies in the parallel strand lumber (psl) market are Weyerhaeuser, Cudahy Lumber.
The parallel strand lumber (psl) 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 Parallel Strand Lumber (PSL) 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 Parallel Strand Lumber (PSL) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Parallel Strand Lumber (PSL) 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 Parallel Strand Lumber (PSL) 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 Parallel Strand Lumber (PSL) Market Size & Forecast, 2020-2028 4.5.1 Parallel Strand Lumber (PSL) Market Size and Y-o-Y Growth 4.5.2 Parallel Strand Lumber (PSL) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Structural Type
5.2.2 Non Structural Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Buildings
6.2.2 Bridges
6.2.3 Transportation Industry
6.2.4 Furniture Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Parallel Strand Lumber (PSL) 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 Parallel Strand Lumber (PSL) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Structural Type
9.6.2 Non Structural Type
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 Market Size Forecast by Applications
9.10.1 Buildings
9.10.2 Bridges
9.10.3 Transportation Industry
9.10.4 Furniture Industry
9.10.5 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Structural Type
10.6.2 Non Structural Type
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 Market Size Forecast by Applications
10.10.1 Buildings
10.10.2 Bridges
10.10.3 Transportation Industry
10.10.4 Furniture Industry
10.10.5 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Structural Type
11.6.2 Non Structural Type
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 Market Size Forecast by Applications
11.10.1 Buildings
11.10.2 Bridges
11.10.3 Transportation Industry
11.10.4 Furniture Industry
11.10.5 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Structural Type
12.6.2 Non Structural Type
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 Market Size Forecast by Applications
12.10.1 Buildings
12.10.2 Bridges
12.10.3 Transportation Industry
12.10.4 Furniture Industry
12.10.5 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Structural Type
13.6.2 Non Structural Type
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) Market Size Forecast by Applications
13.10.1 Buildings
13.10.2 Bridges
13.10.3 Transportation Industry
13.10.4 Furniture Industry
13.10.5 Other
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 Parallel Strand Lumber (PSL) Market: Competitive Dashboard
14.2 Global Parallel Strand Lumber (PSL) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Weyerhaeuser
14.3.2 Cudahy Lumber