Research By Markets adds Market Research Report - Global Thermally Modified Wood Market Growth 2019-2024 – ResearchbyMarkets.com
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Thermally Modified Wood is referring to a wood which is modified by a controlled pyrolysis process. In this process, the wood is heated up to 180°Celcius, in the absence of oxygen. This process helps the chemical to change its cell structure of cell wall components in the wood in order to increase its durability. During this process, the low oxygen content prevents the wood from burning even at the high temperature. There are five thermal modification processes: Thermowood, Retification Process, Les Bois Perdure, Plato Process, and Oil Heat Treatment.
Currently, there are many players in the market Thermally Modified Wood, Arbor Wood, Lunawood, SWM-Wood and some others are playing important roles in Thermally Modified Wood industry. The top three players are Stora Enso, Lunawood, Hardwoods. The market is not so concentrated for now and is seeing to be more dispersed.
In the past few years, the price of Thermally Modified Wood shown a slightly increasing trend and we expect the price may keep the trend in a short period. However, as the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Thermally Modified Wood. Therefore, to some extent, the companies are facing a risk of profit decline. In order to keep profit, the price may keep the trend in a short period.
According to this study, over the next five years the Thermally Modified Wood market will register a 3.2% CAGR in terms of revenue, the global market size will reach US$ 366.3 million by 2024, from US$ 312.3 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Thermally Modified Wood business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Thermally Modified Wood market by product type, application, key manufacturers and key regions and countries.
This study considers the Thermally Modified Wood value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Cambia by NFP
Bingaman & Son Lumber
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Thermally Modified Wood consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Thermally Modified Wood market by identifying its various subsegments.
Focuses on the key global Thermally Modified Wood manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Thermally Modified Wood with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Thermally Modified Wood submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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