Roofers will remain the largest residential wood panel market through 2024

CLEVELAND, January 4, 2021 / PRNewswire / – Roofing accounted for nearly a third of the demand for wood paneling for residential buildings in 2019 and is expected to remain the leading application through 2024, according to a new analysis by the Freedonia Group:

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  • An increase in roof renovation projects both to repair damaged roofs and to reinforce existing roofs will support the increase in demand.

  • Most of the use of wood panels in roofing applications is created by the requirements for roof cladding and decks, although some demand is also emerging from their use in roof frame and roof cladding products.

OSB is the dominant wood panel product for residential roofs and is expected to increase its market share through 2024 at the expense of softwood plywood due to its superior durability and lower cost.

Increasing use of OSB to increase the demand for wood panels in living areas

Oriented Strand Board (OSB) is the premier residential wood panel product as it is used in a number of structurally important applications including subfloors, roofs, wall cladding and siding. OSB is expected to be used in many of these applications because of its:

  • high strength

  • durability

  • limited board imperfections

  • Impact and fire resistance

  • good thermal and acoustic properties

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Residential Wood Panels are now available from the Freedonia Group. This study examines the US market for wood panels in residential construction. This includes load-bearing boards (Oriented Strand Board (OSB) and softwood plywood) as well as non-load-bearing boards:

The housing market includes new and improvement and repair applications for:

  • Roofing (e.g. sheathing, decking, framing, cladding)

  • Floor covering (sub-floor and finished floor)

  • Wall cladding

  • Cabinets (e.g. cabinet boxes, drawers, drawer fronts, doors)

  • siding

  • Doors (and, albeit a negligible part of the market, windows – mostly hurricane-proof storm types)

  • interior panelling

  • other construction applications including molds and siding, stairs, concrete formwork, shelters, decks and porches

Historical data for 2009, 2014 and 2019 and forecasts for 2024 and 2029 are provided for wood panel deliveries and demand in square meters and current dollars.

The story goes on

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company that publishes more than 100 studies annually. We have been providing research to clients of all sizes since 1985, from global corporations to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group’s research to help with their strategic planning. Each study includes product and market analysis and forecasting, in-depth discussions of key industry trends, and information on market share. Studies can be purchased at www.freedoniagroup.com and are also available at www.marketresearch.com and www.profound.com.

Press contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

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SOURCE The Freedonia Group

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