Market Overview:
The global thermally modified wood market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for thermally modified wood from various end-use applications, such as interior and exterior applications. Thermally modified hardwoods are witnessing high demand due to their properties such as dimensional stability, termite resistance, and low moisture absorption. These factors are driving the growth of the global thermally modified wood market across different regions.
Product Definition:
Thermally modified wood is a type of lumber that has been heat-treated in order to make it more durable and less susceptible to rot or decay. This treatment also makes the wood more resistant to pests and fire. Thermally modified wood is often used for outdoor applications, such as decking, fencing, and siding.
Thermally Modified Hardwoods:
Thermally modified hardwood is a special category of wood that has been heated and treated to change its properties. The process of heating and treating the wood so as to improve its strength, durability, density & other mechanical properties is known as thermal modification or TMW (thermal management in wood).
The global market for thermally modified hardwood products is expected to witness significant growth over the forecast period owing to increasing demand from construction industry.
Thermally Modified Softwoods:
Thermally modified softwood is a special category of wood that has been treated to make it more resistant to heat. Softwood is the name given to any tree that does not have a hard, durable outer shell like an oak or maple. All softwoods share similar properties and characteristics such as high moisture content, low density and specific gravity, high elasticity & strength for their size and growing at a faster rate than trees.
Application Insights:
The application segment includes both interior and exterior applications. Exterior applications include furniture, flooring, paneling, decking and others. Interior applications include construction materials (such as wall panels), pulp & paper industry (such as newsprint), packaging materials (such as corrugated boxes) and others (including decorative laminates).
Thermally modified wood finds major use in the construction of residential buildings for thermal insulation owing to its high resistance to moisture content which helps maintain the structural stability of the building over a long period of time. It is also used in non-residential structures such as offices for thermal insulation purposes along with soundproofing benefits.
Regional Analysis:
North America was the largest market for technologically advanced and engineered wood products accounting for a share of more than 30% in 2017. The U.S., being one of the most developed nations, is expected to dominate the industry with a significant demand share over the forecast period.
The growth in Europe can be attributed to increasing product applications in furniture making as well as its rapid adoption by manufacturers owing to its lightweight features and ease of installation process.
Growth Factors:
- Increasing demand from the construction industry for thermally modified wood as a green and sustainable building material.
- Growing popularity of thermally modified wood in North America and Europe due to its superior durability and dimensional stability.
- Rising demand for thermally modified wood in Asia Pacific due to the increasing awareness about its benefits among consumers and builders.
- Technological advancements that have made thermal modification more efficient, resulting in better quality products with increased resistance to decay, pests, and fire damage.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermally Modified Wood Market Research Report
By Type
Thermally Modified Hardwoods, Thermally Modified Softwoods
By Application
Interior Applications, Exterior Applications
By Companies
Kebony, Stora Enso, Thermory, Arbor Wood, Oy SWM-Wood, timurawood, Karava, Ha Serv, Scottywood, Northland Forest Products, Novawood, Metsa Wood, EcoVantage Wood, Rhino Wood, Heatwood, Thermoholz
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Thermally Modified Wood Market Report Segments:
The global Thermally Modified Wood market is segmented on the basis of:
Types
Thermally Modified Hardwoods, Thermally Modified Softwoods
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:
- Kebony
- Stora Enso
- Thermory
- Arbor Wood
- Oy SWM-Wood
- timurawood
- Karava
- Ha Serv
- Scottywood
- Northland Forest Products
- Novawood
- Metsa Wood
- EcoVantage Wood
- Rhino Wood
- Heatwood
- Thermoholz
Highlights of The Thermally 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 Hardwoods
- Thermally Modified Softwoods
- 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 Thermally 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?
Thermally modified wood is a type of lumber that has been treated with a heat or flame to alter its physical and chemical properties. The treatment can make the wood more resistant to moisture, pests, and decay, making it an attractive option for use in construction projects.
Some of the key players operating in the thermally modified wood market are Kebony, Stora Enso, Thermory, Arbor Wood, Oy SWM-Wood, timurawood, Karava, Ha Serv, Scottywood, Northland Forest Products, Novawood, Metsa Wood, EcoVantage Wood, Rhino Wood, Heatwood, Thermoholz.
The thermally 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. Thermally 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. Thermally 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. Thermally Modified Wood Market - Supply Chain
4.5. Global Thermally Modified Wood Market Forecast
4.5.1. Thermally Modified Wood Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermally Modified Wood Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermally Modified Wood Market Absolute $ Opportunity
5. Global Thermally 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. Thermally Modified Wood Market Size and Volume Forecast by Type
5.3.1. Thermally Modified Hardwoods
5.3.2. Thermally Modified Softwoods
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermally 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. Thermally 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 Thermally 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. Thermally 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 Thermally 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. Thermally 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 Thermally Modified Wood Demand Share Forecast, 2019-2026
9. North America Thermally 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 Thermally 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 Thermally 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 Thermally Modified Wood Market Size and Volume Forecast by Type
9.7.1. Thermally Modified Hardwoods
9.7.2. Thermally Modified Softwoods
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 Thermally Modified Wood Demand Share Forecast, 2019-2026
10. Latin America Thermally 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 Thermally 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 Thermally 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 Thermally Modified Wood Market Size and Volume Forecast by Type
10.7.1. Thermally Modified Hardwoods
10.7.2. Thermally Modified Softwoods
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 Thermally Modified Wood Demand Share Forecast, 2019-2026
11. Europe Thermally 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 Thermally 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 Thermally 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 Thermally Modified Wood Market Size and Volume Forecast by Type
11.7.1. Thermally Modified Hardwoods
11.7.2. Thermally Modified Softwoods
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 Thermally Modified Wood Demand Share, 2019-2026
12. Asia Pacific Thermally 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 Thermally 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 Thermally 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 Thermally Modified Wood Market Size and Volume Forecast by Type
12.7.1. Thermally Modified Hardwoods
12.7.2. Thermally Modified Softwoods
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 Thermally Modified Wood Demand Share, 2019-2026
13. Middle East & Africa Thermally 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 Thermally 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 Thermally 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 Thermally Modified Wood Market Size and Volume Forecast by Type
13.7.1. Thermally Modified Hardwoods
13.7.2. Thermally Modified Softwoods
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 Thermally Modified Wood Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermally Modified Wood Market: Market Share Analysis
14.2. Thermally Modified Wood Distributors and Customers
14.3. Thermally Modified Wood Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kebony
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stora Enso
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thermory
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Arbor Wood
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Oy SWM-Wood
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. timurawood
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Karava
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ha Serv
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Scottywood
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Northland Forest Products
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Novawood
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Metsa Wood
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. EcoVantage Wood
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rhino Wood
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Heatwood
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Thermoholz
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
