Wood Truss Market: Resins Used in Wide Range of Packaging Applications
- Wood truss is used to frame the roofs and floors of building structures that have residential, commercial and institutional applications. It can be designed in almost any size or shape
- The high strength to weight ratio of the wood truss offers great flexibility and improves the shelf life of the roofs or floors
- Wood truss is chiefly used in the hybrid construction where it is commonly employed with systems such as steel, concrete and masonry walls. Compared to steel or concrete, wood truss is highly cost effective. Wood truss can be installed without the use of heavy machinery and can be easily handled and lifted.
- Wood truss is a renewable construction material that minimizes the environmental pollution. The excellent thermal property of wood truss makes them suitable for the insulation applications
- Wood truss market is generally concentrated in North America and it is gaining acceptance across the globe and are widely used in Europe and Japan
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Rise in Demand for Sustainable Building Products
- In the developed regions such as North America & Europe, emissions from buildings, and their proportion on total emissions, have been steadily increasing over the past few years. In the wake of environmental regulations in the building & construction sector in these regions, many manufacturers have started producing sustainable products that have high energy efficiency.
- Increased research & technology development programs related to sustainable building & construction, especially in the developed countries are anticipated to propel the consumption of wood truss during the forecast period
- The Energy Performance of Building Directive of the European Union mandates the member states to develop plans for low or zero carbon buildings. In U.K, as per the Energy Performance of Buildings Regulations in 2008, all new buildings are mandated to have an Energy Performance Certificate or Display Energy Certificate.
- Demand for sustainable building products are on the rise in the developing economies as well. UN Environment works with countries in Asia Pacific to pursue growth that catalyzes the efficient use of the region’s natural assets, reduces environmental degradation and brings social and economic benefits to the people of the region
Roofing Applications to Offer Attractive Opportunities
- Rise in application of wood trusses for the roofing applications are to provide lucrative opportunities for the global wood truss market. Wood trusses can be employed in the roof applications such as parallel chord, raised heel, scissor and dropped chord roof truss
- Wood truss for the roofing applications are compatible with other structural products and can be amalgamated with other components such as steel and concrete
- One of the major advantage of using wood truss for the roofing application is that it helps avoiding the loadbearing partitions and allows greater freedom of internal room arrangements
- Flat and pitched type of wood trusses are highly used for the roofing and flooring applications
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Performance issues related to repairing is likely to hamper the wood truss market
- Performance problems associated with the repairing of the wood truss is likely to hamper the market. Once the trusses are installed, the wooden bars, otherwise known as the web members in the center of the truss cannot be cut or removed.
- Any cut or removed piece interrupts the load path, resulting in compromising the strength of the wood truss. Also, the wood truss market has poor penetration in the developing countries
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North America to Hold Significant Share of Global Wood Truss Market
- In terms of region, the global wood truss market can be split into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America is estimated to account for prominent share of the global wood truss market in the near future owing to the environmental concerns. The wood industry in Canada is highly significant and contributes to the North America’s wood truss market
- The building and construction regulations in the U.S and Canada encourages the usage of building components that are sustainable in nature.
- In North America the wood truss industry, more than 60% of residential roofs are now built with wood trusses. In Canada, approximately 95% of new houses are built with wood roof trusses.
- Advantages of wood trusses include strength, cost effectiveness, high versatility, environmental benefits, etc
Key Players in Market
The global wood truss market is moderately concentrated, with the top manufacturers accounting for major share. Prominent players operating in the global wood truss market seek to enter into partnerships for the development of wood truss applications
Key players operating in the wood truss market include:
- TRUSSWAY
- Panel Truss Texas
- Ufp Mid-Atlantic
- Woodbridge
- Structural Component Systems, Inc
- Woodbridge Corporation
- Hanson Truss
- Truss-Tech Industries
- California Truss Company
- Trussway Holdings
- Others
Global Ionomer Resins Market: Research Scope
Global Wood Truss Market, by Type
- Roof
- Floor
Global Wood Truss Market, by Shape
- Fink
- Mono
- Scissors
- Room-in-attic
- Pitched or Triangular
- Parallel or Flat
Global Wood Truss Market, by Application
- Residential
- New-building
- Reconstruction
- Commercial
- New-building
- Reconstruction
- Institutional & Industrial
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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