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Bamboo Engineered Wood Market Trends

Report ID: GMI6093
Published Date: Jun 2023
Report Format: PDF

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Bamboo Engineered Wood Market Trends

Various industries including construction and interior design are adopting green materials as part of their growth strategy. Bamboo is a renewable resource and is considered an environmental-friendly alternative to traditional wood. When compared to hardwood, this wood type provides moisture resistance, sustainability & enhanced stability along with an aesthetic appeal. In the making of furniture and flooring, bamboo engineered wood material exhibits excellent resistance to moisture, cracking & warping owing to its durable and long-lasting nature, thereby enhancing the longevity and performance of the wood structures.

Bamboo engineered wood products are available through online platforms, retail outlets, and specialty stores. These widely spread distribution networks increase the product reach, facilitating market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of bamboo engineered wood was valued at around USD 24 billion in 2022 and is estimated to reach USD 38 billion by 2032 owing to versatile & aesthetic appeal of bamboo engineered wood products.

The bamboo plywood segment accounted for a value of USD 5 billion in 2022 as it offers strength, stability & versatility, making it suitable for applications including furniture, cabinetry, flooring, and interior paneling.

U.S. dominated North America bamboo engineered wood market with a revenue of USD 8 billion in 2022 and will continue growing through 2032, backed by the increased emphasis on sustainable building practices and environmental consciousness.

Mutha Industries, International Bamboo and Rattan Organization, MOSO, Zhu Bamboo Flooring and Decking Philippines, and Xylos Arteriors India Private Limited.