Global Fire Retardant OSB Market Trends, Market Strategy, Competitor Analysis - Market Shows 6.26% CAGR from 2024 to 2029
Fire retardant oriented strand board (OSB) is a type of oriented structural strand board that has undergone fire retardant treatment. It inherits the advantages of uniform material, high strength, high stiffness, and good bending resistance of OSB, and significantly improves its fire retardant performance by adding fire retardants and other methods. This type of board has a wide range of applications in furniture, interior decoration, and construction, especially in situations that require high fire resistance requirements.
Thanks to the increasing requirements for fire performance in industries such as construction and furniture, the global fire retardant OSB market has steadily grown in recent years. According to our research data, the estimated revenue of the global fire retardant OSB market in 2024 is $1518 million, an increase of 11.47% compared to 2023.
Related?Market?Research?Report:?2024 Global Fire Retardant OSB (Oriented Strand Board) Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast
Overview of Market Development
In the future, technological advancements will drive product performance improvement and meet more high-end application needs. Meanwhile, with the acceleration of urbanization and consumption upgrading, market demand will further expand. It is expected that the global fire retardant OSB market will continue to maintain a growth trend in the coming years. By 2029, its market revenue is expected to increase to $2056 million. The CAGR from 20024 to 2029 is estimated to be 6.26%. In addition, the increasingly strict environmental regulations will also encourage enterprises to increase their investment in environmental protection and promote green production.
Market Segmentation by Company
Segmented Market Analysis
From the perspective of product types, fire retardant OSB can be divided into two categories based on the different properties of wood: softwood OSB and hardwood OSB. Among them, softwood OSB dominates the market, with an expected market share of 64.43% in 2024. In addition, fire retardant OSB can also be classified according to its fire retardant grade and purpose. For example, it can be classified into B1 (B) and B1 (C) grades according to its fire retardant grade, and can be classified into fire retardant P1 type, fire retardant P2 type, and fire retardant P3 type according to its purpose.
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Market Segmentation by Classification
The market share of by flame retardant additives segment of global fire retardant OSB (oriented strand board market was 5662%, and during the past few years, the market shares of that segment increased The other segment, by flame retardant coatings, occupied the rest of the market
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Market Segmentation by End-Users
Walls and roofing were two main applications in 2018, with more than 40% market shares respectively in the global fire retardant OSB (oriented strand board) market Only about 13% were used for flooring
From an application perspective, fire retardant OSB can be used for walls, roofs, and floors. Among them, the wall segmentation segment holds the largest share in the downstream application market, estimated to be 37.70% in 2024.
Global Fire Retardant OSB Market Revenue Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Market analysis of major regions
From a regional perspective, the global fire retardant OSB market is dominated by three major regions: North America, Europe, and Asia Pacific. Among them, North America is the largest sales market. Data shows that the estimated sales volume of fire retardant OSB in North America in 2024 is 2073.6K cubic meters, accounting for 64.31% of the global total sales volume; Europe and Asia Pacific are expected to rank second and third with sales proportions of 19.54% and 11.21%, respectively.
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