The global oriented strand board (OSB) market is expected to reach USD 71.2 million by 2022, according to a new report by Grand View Research, Inc. Increasing consumption of panels in various industrial applications on account of properties including strength, workability, versatility, value, and reduced formaldehyde emissions will drive demand over the forecast period. High product need in various construction applications including walls, roof panels, subfloors, structural insulation, rimboards, underlayment, and floor joists owing to superior properties including strength and durability will propel growth over the forecast period. Mounting consumer interest in home decoration is expected to have a positive impact on the industry over the next seven years. Furthermore, environmental sustainability awareness among the consumers will fuel organic home furnishing demand which in turn will augment product need over the next seven years.
http://www.grandviewresearch.com/industry-analysis/oriented-strand-board-market
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