The engineered wood market is witnessing great strides on the back of advancing science of composites—wood composite technology. Industry players are focusing on improving the profile of engineered wood and make it at least as good as solid natural wood, if not better. The compelling propositions on which business players in the engineered wood market pivot their hopes on are their lower cost and quality.
Engineered Wood Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
The market for engineered wood is relatively new and there are relatively few array of products with desired mechanical and chemical properties. However over the past few years, advances made in bio-fiber composite technologies have expanded the type of bio-fiber feedstocks used for making engineered wood of attractive properties. The search for novel engineered biocomposites is opening new doors to promising revenue streams for market players. A key part of such pursuits is advancing the troika of performance, durability, and service life. Numerous new trends have been shaping the contours of the engineered wood market. Oil-borne preservative systems have been gathering steam among manufacturers due to their environmental friendliness. Constant focus on performance enhancement is expanding the potential of the engineered wood market.
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