Modified wood products are generally more expensive than traditional “outdoor” woods such as cedar and pressure-treated southern yellow pine (SYP), but less expensive than hardwoods. Manufacturers tout their products’ aesthetic qualities and eco-friendly attributes as key selling points.

Market Analysis and Insights: Global Modified Wood Market

Due to the COVID-19 pandemic, the global Modified Wood market size is estimated to be worth US$ 2848.4 million in 2022 and is forecast to a readjusted size of US$ 3817.1 million by 2028 with a CAGR of 5.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Thermally Modified Wood accounting for % of the Modified Wood global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Interior segment is altered to an % CAGR throughout this forecast period.

Global Modified Wood main players are Thermory AS, Lonza, Hoover Treated Wood Prod, Foreco, Flameproof Companies, etc. Global top five manufacturers hold a share nearly 50%. North America is the largest market, with a share over 55%.

Global Modified Wood Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Modified Wood Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Thermally Modified Wood

Chemical Modified Wood


Segment by Application


Interior

Exterior


By Company


Thermory AS

Arbor Wood Co.

Sunset Molding

Lonza

NFP

Hoover Treated Wood Products

Koppers

Foreco

Flameproof Companies

Viance


Production by Region



North America

Europe

China

Japan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina