The report covers the market outlook and growth prospects of the global engineered wood products market for 2016-2020.
The market is further categorised into four product segments, including Ibeams, Glulam, laminated veneer lumbar (LVL), and others of which the I-beams segment dominated the market with more than 36% of the overall market share in 2015.
"The production of engineered wood products is growing at an impressive CAGR of over 26%. Engineered woods products are gaining popularity over hardwood owing to their sustainability. Various factors such as stringent regulations and rapid deforestation are likely to drive innovations in manufacturing engineered woods, decreasing the overall cost of production," says Chandrakumar Badala Jaganathan, a lead textile, fibre, and composites research expert from Technavio.
