Market Overview:
The global modified wood 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 wood in various applications, such as interior and exterior applications. Modified woods are used in a wide range of end-use industries, owing to their properties, such as resistance against decay, termites, and fire. The thermally modified wood segment is projected to grow at the highest CAGR during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for thermally modified woods in various end-use industries due its properties such as resistance against decay and pests.
Product Definition:
modified wood is a type of engineered lumber made from reconstituted wood. It is created by breaking down recycled wood into small pieces, then bonding it together with adhesive under heat and pressure. Modified wood shares many of the characteristics of traditional lumber, but is cheaper and easier to produce. It is often used for construction projects where traditional lumber is not available or too expensive.
Thermally Modified Wood:
Thermally modified wood, also known as thermally aged wood or thermalwood is a special category of wood that has been treated with high temperature. The treatment makes the cells expand and contract faster than regular wooden cells, thereby increasing or decreasing its density. This leads to an increase in strength and rigidity of the material while maintaining its natural properties like color & grain pattern.
The product is used for making furniture, flooring, interior design components like panels & trim etc.
Chemical Modified Wood:
Chemical modified wood (CMW) is a special type of wood that has been treated with chemicals to improve its physical properties. The most common types of treatments include the addition of stains and colorants, as well as surface coatings like polyurethane and epoxy. CMW can be used in many applications including furniture, flooring, paneling, molding products such as doors & windows among others.
Application Insights:
Exterior applications dominated the global modified wood market, accounting for over 75% of the overall revenue share in 2017. The product is widely used in residential and non-residential construction as well as infrastructural applications owing to its properties including moisture resistance, durability and cost-effectiveness. These factors are anticipated to propel demand from exterior applications over the forecast period.
The interior segment is expected to witness significant growth on account of increasing demand for furniture coupled with decorative purposes in homes across various regions globally. Furthermore, rising consumer disposable income levels coupled with changing lifestyle preferences are anticipated to further drive interior application segments over the forecast period. Modified timbers have a number of uses which include; decking & flooring (interior & exterior), cladding (exterior) and furniture (interior).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. Increasing disposable income levels coupled with an increasing population has led to an increase in residential construction activities, which is further expected to drive demand for MDW over the forecast period.
Europe was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period on account of rising product applications across several industries including furniture, automotive & transportation sector among others. The growing popularity of outdoor furniture such as sofas and chairs coupled with their high resale value after use during vacations are likely factors driving demand for MDW products across this region.
North America accounted for 24% share of global revenue in 2017 owing its extensive production base located primarily along East Coast states including Michigan, New York.
Growth Factors:
- Increasing demand from construction and furniture industries
- Rising awareness about the benefits of using modified wood
- Growing popularity of green building practices
- Technological advancements that improve the performance of modified wood products
- Government initiatives and subsidies for promoting the use of modified wood
Scope Of The Report
Report Attributes
Report Details
Report Title
Modified Wood Market Research Report
By Type
Thermally Modified Wood, Chemical Modified Wood
By Application
Interior Applications, Exterior Applications
By Companies
Thermory AS, Arbor Wood Co., Sunset Molding, Lonza, NFP, Hoover Treated Wood Products, Koppers, Foreco, Flameproof Companies, Viance
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Modified Wood Market Report Segments:
The global Modified Wood market is segmented on the basis of:
Types
Thermally Modified Wood, Chemical Modified Wood
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
Interior Applications, Exterior Applications
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:
- Thermory AS
- Arbor Wood Co.
- Sunset Molding
- Lonza
- NFP
- Hoover Treated Wood Products
- Koppers
- Foreco
- Flameproof Companies
- Viance
Highlights of The Modified Wood 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:
- Thermally Modified Wood
- Chemical Modified Wood
- By Application:
- Interior Applications
- Exterior Applications
- 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 Wood 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 wood is a type of composite material that is made up of two or more different types of wood fibers. The fibers are combined in a way that makes the material stronger and more durable than either individual type of wood would be on its own.
Some of the key players operating in the modified wood market are Thermory AS, Arbor Wood Co., Sunset Molding, Lonza, NFP, Hoover Treated Wood Products, Koppers, Foreco, Flameproof Companies, Viance.
The modified wood market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Modified Wood Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Modified Wood Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Modified Wood Market - Supply Chain
4.5. Global Modified Wood Market Forecast
4.5.1. Modified Wood Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Modified Wood Market Size (000 Units) and Y-o-Y Growth
4.5.3. Modified Wood Market Absolute $ Opportunity
5. Global Modified Wood Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Modified Wood Market Size and Volume Forecast by Type
5.3.1. Thermally Modified Wood
5.3.2. Chemical Modified Wood
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Modified Wood Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Modified Wood Market Size and Volume Forecast by Application
6.3.1. Interior Applications
6.3.2. Exterior Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Modified Wood Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Modified Wood Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Modified Wood Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Modified Wood Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Modified Wood Demand Share Forecast, 2019-2026
9. North America Modified Wood Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Modified Wood Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Modified Wood Market Size and Volume Forecast by Application
9.4.1. Interior Applications
9.4.2. Exterior Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Modified Wood Market Size and Volume Forecast by Type
9.7.1. Thermally Modified Wood
9.7.2. Chemical Modified Wood
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Modified Wood Demand Share Forecast, 2019-2026
10. Latin America Modified Wood Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Modified Wood Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Modified Wood Market Size and Volume Forecast by Application
10.4.1. Interior Applications
10.4.2. Exterior Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Modified Wood Market Size and Volume Forecast by Type
10.7.1. Thermally Modified Wood
10.7.2. Chemical Modified Wood
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Modified Wood Demand Share Forecast, 2019-2026
11. Europe Modified Wood Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Modified Wood Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Modified Wood Market Size and Volume Forecast by Application
11.4.1. Interior Applications
11.4.2. Exterior Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Modified Wood Market Size and Volume Forecast by Type
11.7.1. Thermally Modified Wood
11.7.2. Chemical Modified Wood
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Modified Wood Demand Share, 2019-2026
12. Asia Pacific Modified Wood Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Modified Wood Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Modified Wood Market Size and Volume Forecast by Application
12.4.1. Interior Applications
12.4.2. Exterior Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Modified Wood Market Size and Volume Forecast by Type
12.7.1. Thermally Modified Wood
12.7.2. Chemical Modified Wood
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Modified Wood Demand Share, 2019-2026
13. Middle East & Africa Modified Wood Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Modified Wood Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Modified Wood Market Size and Volume Forecast by Application
13.4.1. Interior Applications
13.4.2. Exterior Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Modified Wood Market Size and Volume Forecast by Type
13.7.1. Thermally Modified Wood
13.7.2. Chemical Modified Wood
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Modified Wood Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Modified Wood Market: Market Share Analysis
14.2. Modified Wood Distributors and Customers
14.3. Modified Wood Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermory AS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arbor Wood Co.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sunset Molding
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lonza
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NFP
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hoover Treated Wood Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koppers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Foreco
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Flameproof Companies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Viance
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
