Oriented Strand Board Market Size

Global Oriented Strand Board Market size was valued at USD 26.6 billion in 2023 and is poised to grow from USD 27.64 billion in 2024 to USD 37.53 billion by 2032, growing at a CAGR of 3.9% during the forecast period (2025-2032). 

Superior and beneficial properties of oriented strand boards (OSBs), including low cost, high strength, and durability, are expected to boost its demand over the forecast period. The advent of terahertz technology for measuring moisture and density levels of the wood is also expected to be helpful for producing advanced-grade products. The technique is also increasingly used in measuring the fiber orientation of OSBs due to its sensitivity towards internal fiber structure.

Growth across the global construction industry is building a positive global oriented strand board market outlook. OSB is the most utilized in various applications in residential and non-residential buildings, including solid walls, squeak-free floors and roof sheathing. In this regard, the wide utilization of products in the door, floor and roof, columns, stairs and beam construction is supporting the market growth. In addition, numerous technological developments, including the launch of light weight, customized, and waterproof OSB that facilitates water absorption and prevents moisture accumulation, are helping to boost market growth. However, with increased applications of this board in packaging food and beverages, pharmaceuticals, and cosmetics owing to high humidity resistance, durability, and longevity, the global consumption of oriented strand board is expected to increase greatly in future.

An increased environmental consciousness in conjunction with an enhanced focus toward sustainable development is acting as a major growth-inducing factor. Moreover, the vast usage of the board for packaging food and beverages, pharmaceutical, and cosmetics through its humidity resistance, durability, and long-lasting properties are expected to drive the global oriented strand board market growth.

Key Market Attributes

In June 2023, Huber Engineered Woods LLC announced plans to construct a new production facility in Noxubee County, Mississippi, to expand its oriented strand board (OSB) market presence. The facility aims to boost the company’s manufacturing capacity for its innovative ZIP System and AdvanTech structural panels. This investment reflects Huber’s commitment to meeting increasing demand for high-performance building materials. It would add more to the company's efficiency, stimulate regional economic activities, and confirm its dominance of the engineered wood products industry.

In May 2023, Kronoplus, the major manufacturer of wood panel products, is investing a worth $350 million to construct a new facility dedicated to OSB manufacturing on the grounds in Alabama. The company further reiterates its commitment to meeting and accommodating the continually increasing demand for quality construction materials. Moreover, this new facility is meant to continue broadening the production capacity for and lines of products at Kronoplus. It reflects the company's mandate for innovativeness and operational growth and the strengthening of its competitive position in the highly competitive OSB market. Therefore, catering to a wider customer base in the construction industry.

In May 2023, Louisiana-Pacific Corporation announced its plan to purchase assets from Wawa OSB Inc., which include the oriented strand board production facility found in Wawa. This is in line with Louisiana-Pacific's strategic goal of expanding manufacturing capacity and increasing its market share. By incorporating Wawa OSB assets, the firm may strengthen its supply chain, increase the efficiency of production processes, and structure itself for long-term growth. Louisiana-Pacific has also reiterated its pledges toward innovation and sustainable considerations in the growing demand for quality OSB products in the building industry.