Reclaimed Lumber Market Current Trends, Production Analysis, Product Types and End-user breakdown

San Francisco, Calif., USA, Sep 22, 2022 — /EPR Network/ —

Reclaimed Lumber Industry Overview

The global reclaimed lumber market size was valued at USD 49.27 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028. Raising environmental awareness, increasing inclination towards recycling, and intensifying provisions to deal with waste management-related issues are some of the factors favoring the market growth. The construction sector has been observing an emerging trend of sustainable construction using Cross-Laminated Timber (CLT). Increasing use of reclaimed lumber in CLT products, rising inclination of architectures, developers, and engineers towards the tall wooden buildings to reduce the carbon footprint in the environment are expected to boost the product demand.

Gather more insights about the market drivers, restraints, and growth of the Global Reclaimed Lumber market

China is projected to have significant product demand owing to increasing awareness for reducing Greenhouse Gas (GHG) emissions and the presence of vast wood-based construction industry in the country. China has seen increased growth in wooden construction in recent years, as it offers excellent seismic performance and energy conservation and conserves the Chinese tradition.

The use of these products in construction results in a reduction in the percent of materials being sent to landfills, facilitating a significant reduction in environmental pollution. The rising cost of landfill spaces and state mandates to reduce the waste have encouraged the wood waste recovery strategies, leading to growth in recovered wood from deconstruction activities.

China reclaimed lumber market size, by application, 2017 - 2028 (USD Billion)

Product manufacturers attempt to retrieve both the quality and quantity of the recyclable and reusable materials to reduce the demolition debris and supply low-cost construction materials, which may otherwise be far too expensive. Availability of old structures for deconstruction and increasing labor costs have a major impact on the material prices in this stage.

Green buildings have gained momentum in the construction field as building practices and materials are being inspected for their environmental impact. The stringent regulatory framework, including various policies and regulations, such as The European Union Timber Regulation (EUTR), and certifications, such as Forest Stewardship Council (FSC), restructures the market prospect.

Browse through Grand View Research’s Green Building Materials Industry Research Reports.

Cool Roof MarketThe global cool roof market size to be valued at USD 27.1 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% during the forecast period.

Cross Laminated Timber MarketThe global cross laminated timber market size was estimated at USD 955.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.6% from 2021 to 2028.

Reclaimed Lumber Market Segmentation

Grand View Research has segmented the global reclaimed lumber market on the basis of application, end-use, and region:

Reclaimed Lumber Application Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2017 – 2028)

  • Flooring
  • Paneling & Siding
  • Beams
  • Furniture
  • Others

Reclaimed Lumber End-use Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2017 – 2028)

  • Residential
  • Commercial
  • Industrial

Reclaimed Lumber Regional Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2017 – 2028)

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Key Companies profiled:

Some prominent players in the global Reclaimed Lumber market include

  • Vintage Timberworks, Inc.
  • Carpentier Hardwood Solutions, NV
  • Imondi Flooring
  • TerraMai
  • Jarmak Corporation
  • Elemental Republic
  • Olde Wood Ltd.
  • Trestlewood
  • True American Grain Reclaimed Wood
  • Beam and Board, LLC
  • Altruwood

Order a free sample PDF of the Reclaimed Lumber Market Intelligence Study, published by Grand View Research.

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