Thermally Modified Wood Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecast 2017 - 2025

Thermally Modified Wood Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Global Thermally Modified Wood Market: Overview

Numerous research and development activities have been undertaken in the wood production and wood plastic market. Development activities have increased due to the concerns about wood preservatives and illegal logging of wood in tropical regions. Moreover, the reduced availability of several tropical species and higher prices of tropical timber have fueled the demand for modification techniques in the wood market. Thermally modified wood market can be defined as 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. The wood can be thermally modified by using five thermal modification processes. Thermowood, retification process, les bois perdure, Plato process, and oil heat treatment. The thermally modified wood market, refers to heat-treated wood, has expanded considerably growth over the last decade. Thermal modification is a highly successful process as compared to other wood modification methods. Initially, the thermal wood modification process was considered as an alternative treatment to chemical preservative. Most of the thermal modification capacity in Europe are involved in treating softwoods. Modified softwoods are mostly utilized in the siding and decking industry, where durability and stability matters. Some manufacturers have diversified their product lines into other areas such as wall panel moldings and furniture.

Global Thermally Modified Wood Market: Drivers and Restraints

The demand for thermal wood has already been high in the global Thermally Modified Wood Market. Companies are investing more in research and development of thermally modified wood. For example The Natural Resources Research Institute at the University of Minnesota, Duluth, U.S., has a pilot-scale kiln to research the effectiveness of thermal modification on underutilized Minnesota tree species to expand the thermally modified wood markets. Due to the high temperatures, 180 - 220°C, it is used in most of the processes and the chemical structure of the wood components are altered after heating the wood. Thermally modified wood market has altered biological and physical properties. Thermally modified wood market possess higher resistant against basidiomycetes and soft rot fungi, and has a lower equilibrium moisture content and fiber saturation point. Consequently, its dimensional stability is improved. However, some strength properties are greatly decreased due to the increased brittleness of the wood. Thermally-treated wood is currently utilized in several indoor and outdoor applications in Europe, due to its enhanced durability, dimensional stability, and good appearance.

Global Thermally Modified Wood Market: Key Segments

Based on application, the global thermally modified wood market can be classified into building and construction, furniture, siding and decking industry, and others. Thermally modified wood market is majorly utilized in building and construction. Appearance, durability, and dimensional stability are important properties that prompt architects, builders, and homeowners to use thermally modified wood in the construction of houses and buildings. Thermally modified wood market is also employed in decking and siding. It provides royal texture, color, consistency, grade, stability, and durability to the siding.

Based on geography, the global thermally modified wood market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Europe is the major market for thermally modified wood, due to the expansion of construction and siding and decking industries in the region. Manufacturers of thermally modified wood market in Asia Pacific and Latin America are investing more in research and development activities, which have led to the rise in demand for thermally modified wood market in Asia-Pacific market and Latin America market.

Global Thermally Modified Wood Market: Key Players

Major players operating in the global thermally modified market are Arbor Woods, Intectural, Cambia, Kebony, Bailey Wood Products and others. These companies hold a significant share of the thermally modified wood market. Thus, the thermally modified wood market experiences intense competition.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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