Engineered wood products will take greater share of global building materials market, report forecasts
Engineered wood products (EWPs) look set to take an increasing market share of the world’s growing construction market, according to a report released by Global Industry Analysts Inc.
The report, entitled Building Materials: A Global Outlook, said that, while US construction activity was down, the global market for building materials was expanding.
Increasing industrialisation, and rising living standards in the developing countries of Asia, the Middle East, Africa, Eastern Europe and Latin America, are driving construction growth.
EWPs are scoring over other traditional building materials because of their superior functional benefits, eco-friendly features and low cost.
