Global oriented strand board (OSB) market is expected to witness growth over the forecast period on account of increasing application in industrial owing to exhibiting strength, versatility and workability properties.
Increasing use of OSB for load bearing applications during construction for wall sheathing, flooring and roof decking in light of exhibiting good mechanical properties is expected to be a promising factor.
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Oriented strand board is an engineered wood particle board which is formed by adding adhesives and compressing the layers of wooden flakes in specific orientation. The board is manufactured in four grades which include OSB-1/2/3/4 in terms of relative resistance to moisture and mechanical performance. Grade 1 has application as boards for general purpose and interior fitments in dry climates. Second grade is used as load bearing boards in dry regions while grade 3 is used in humid regions. In addition, the fourth grade has application in humid regions as heavy duty load bearing boards.
OSB can be custom manufactured for meeting the specific requirements such as density, thickness, surface texture, panel size, rigidity and strength. This customization enables this material as widely preferred structural panel among contractors, architects, and specifiers. Edge swelling in humid applications on account of subsequent cutting during transportation is likely to hamper market growth.
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Increasing use of OSB for packaging industrial goods and components in light of exhibiting durability, strength, rigidity, light weight, lack of knot holes and moisture resistance properties is likely to have a positive impact. In addition, this material is also incorporated during manufacturing site hoardings on account of aforementioned properties.
The product is a green building material as it locks the carbon in OSB made wooden panels and also incorporates the use of small diameter trees which are approximately 10-15 years old, thus enabling sustainable forestry practice.
North America is expected to be a potential market on account of abundance presence of trees for raw material which include self regenerating aspen, red maple, birch and balsam poplar. The presence of raw material availability is likely to keep manufacturers in the vicinity.
Asia Pacific is likely to be lucrative industry in light of increasing infrastructural projects and construction expenditure. In its 12th Five Year Plan, government of India is aiming to increase the expenditure on infrastructural development for investing in construction of houses, offices, roads, and rails.
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