Dublin, Jan. 05, 2021 (GLOBE NEWSWIRE) -- The "Reclaimed Lumber Market Size, Share & Trends Analysis Report by Application (Furniture, Beams & Boards), by End-use (Commercial, Residential), by Region, and Segment Forecasts, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global reclaimed lumber market size is expected to reach USD 68.47 billion by 2027
It is expected to expand at a CAGR of 3.7% from 2020 to 2027. The global market is anticipated to be driven by a growing interest in recycling due to environmental awareness, resulting in increased product demand.
The industry is rapidly rising due to growing environmental awareness, increasing interest in recycling, and intensifying urgency to deal with waste management issues. The construction sector has been observing an emerging trend of sustainable construction using cross-laminated timber.
The reclaimed lumber is extensively used in flooring, paneling, beams and boards, furniture, and other applications for residential, commercial, and industrial construction. The use of reclaimed lumber in construction results in fewer materials being sent to landfills, which will significantly reduce environmental pollution.
Key market players put a high emphasis on product availability, including product line and consistency of supply, and delivery schedule, which includes the ability to ship the product and meet the timelines promptly. These factors are expected to influence demand.
Reclaimed Lumber Market Report Highlights
The commercial end-use segment is expected to witness the fastest growth from 2020 to 2027 owing to high demand for several commercial applications, including flooring, tabletops, wall covering, bar tops, seats, and light fixtures.
The furniture application segment led the market with 31.2% share in 2019 in terms of revenue, due to the high demand for antique furniture owing to its unique design.
Asia Pacific is estimated to expand at the fastest revenue-based CAGR of 4.8% from 2020 to 2027 owing to the increasing awareness regarding the use of salvaged wood and the massive potential of the construction industry in the region.
The players in the market try to gain a competitive advantage on the basis of competitive prices, a wide selection of materials, and turnaround time. Product availability is one of the key factors influencing the sales.
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
Chapter 3. Reclaimed Lumber Market Variables, Trends, and Scope
3.1. Reclaimed Lumber market- Value Chain Analysis
3.1.1. Raw material analysis, by source
3.1.2. Supply chain analysis
3.2. Reclaimed Lumber market- Regulatory Landscape
3.3. Reclaimed Lumber Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Reclaimed Lumber Industry Analysis: Porter's
3.5. Reclaimed Lumber Industry Analysis - PESTEL
Chapter 4. Reclaimed lumber Market: Application Estimates & Trend Analysis
4.1. Reclaimed Lumber: Application Movement Analysis & Market Share, 2019 & 2027
4.2. Market Size & Forecasts and Trend Analysis, 2016 to 2027 for the following:
220.127.116.11. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.2.2. Paneling & Siding
Chapter 5. Reclaimed Lumber Market: End Use Estimates & Trend Analysis
5.1. Reclaimed Lumber: End Use Movement Analysis & Market Share, 2019 & 2027
5.2. Market Size & Forecasts and Trend Analysis, 2016 to 2027 for the following:
18.104.22.168. Market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 6. Reclaimed Lumber Market: Regional Estimates & Trend Analysis
6.1. Reclaimed Lumber Regional Movement Analysis & Market Share, 2019 & 2027
6.2. Market Size & Forecasts and Trend Analysis,2016 to 2027
Chapter 7. Competitive Landscape
7.1. Vendor Landscape
7.2. Competitive Dashboard Analysis
7.3. Company Market Position Analysis
7.4. Strategy Framework
Chapter 8. Competitive Profiles
Longleaf lumber, Inc.
Vintage timberworks, Inc.
Atlantic reclaimed lumber, LLC
Carpentier Hardwood Solutions, NV
Elmwood Reclaimed Timber
Olde Wood Ltd.
Montana Reclaimed Lumber Co.
True American Grain Reclaimed Wood
Beam and Board, LLC
For more information about this report visit https://www.researchandmarkets.com/r/n0r8ol
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