Timber Product or Modified Timber Market: By Process, By Application, By End Use and Geography
Timber Product or Modified Timber Market size was valued at US$ 612.3 billion in 2022. and It is expected to reach a value of US$ 970.4 billion by 2029, growing at a CAGR of 6.8% from 2023 to 2029. The global market provides a detailed overview of the Timber Product or Modified Timber Market, which has been segmented by process, application, and end-use. By process, the market has been segmented into Thermal Treatment, Acetylation, Other Processes. The acetylation segment is likely the most significant and fastest-growing segment in terms of type. By application, the market has been segmented into Decking, Cladding, Windows & Doors. The decking segment holds a significant revenue share in the market. Based on the end user, the market is segmented into Residential, Commercial Greenhouse, and Industrial. According to precision business insights, the commercial segment is predicted to register the fastest growth rate during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
6.8%Largest Market
North AmericanFastest Growing Market
Asia-Pacific
The rapidly growing construction industry drives the market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2022 |
US$ 612.3 billion |
Market Size in 2029 |
US$ 970.4 billion |
Market CAGR |
6.8% |
By Process |
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By Application |
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By End Use |
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By Region |
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The timber product or modified timber market size was valued at US$ 612.3 million in 2022
The major players in the global timber product or modified timber market are Kebony, Accsys Technologies, Houthandel Lambert van den Bosch, Stora Enso, Lignia Wood Company Ltd, Thermory AS, Oy SWM-Wood Ltd, timura Holzmanufaktur GmbH, and Kärävä Oy.
The timber products or modified timber market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Timber Product or Modified Timber Market Introduction |
2.1. Global Timber Product or Modified Timber Market – Taxonomy |
2.2. Global Timber Product or Modified Timber Market –Definitions |
2.2.1. By Process |
2.2.2. By Application |
2.2.3. By End Use |
2.2.4. By Region |
3. Global Timber Product or Modified Timber Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Timber Product or Modified Timber Market Dynamics – Factors Impact Analysis |
4. Global Timber Product or Modified Timber Market Forecast, By Process, 2019 - 2023 and Forecast, 2024 - 2030 |
4.1. Thermal Treatment |
4.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
4.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
4.1.3. Market Opportunity Analysis |
4.2. Acetylation |
4.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
4.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
4.2.3. Market Opportunity Analysis |
4.3. Other Process |
4.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
4.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
4.3.3. Market Opportunity Analysis |
5. Global Timber Product or Modified Timber Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 |
5.1. Decking |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Cladding |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Windows & Doors |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Global Timber Product or Modified Timber Market Forecast, By End Use, 2019 - 2023 and Forecast, 2024 - 2030 |
6.1. Residential |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Commercial |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Industrial |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Timber Product or Modified Timber Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 |
7.1. North America |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Latin America |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Middle East & Africa |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Global Timber Product or Modified Timber Market - Opportunity Analysis Index, By Process, By Application, By End Use, and Region, 2024 - 2030 |
8. North America Timber Product or Modified Timber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
8.1. Process Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
8.1.1. Thermal Treatment |
8.1.2. Acetylation |
8.1.3. Other Process |
8.2. Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
8.2.1. Decking |
8.2.2. Cladding |
8.2.3. Windows & Doors |
8.3. End Use Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
8.3.1. Residential |
8.3.2. Commercial |
8.3.3. Industrial |
8.4. Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
8.4.1. U.S. |
8.4.2. Canada |
8.5. North America Timber Product or Modified Timber Market - Opportunity Analysis Index, By Process, By Application, By End Use, and Country, 2024 - 2030 |
8.6. North America Timber Product or Modified Timber Market Dynamics – Trends |
9. Europe Timber Product or Modified Timber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
9.1. Process Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Thermal Treatment |
9.1.2. Acetylation |
9.1.3. Other Process |
9.2. Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Decking |
9.2.2. Cladding |
9.2.3. Windows & Doors |
9.3. End Use Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.3.1. Residential |
9.3.2. Commercial |
9.3.3. Industrial |
9.4. Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. U.K. |
9.4.2. Germany |
9.4.3. France |
9.4.4. Italy |
9.4.5. Spain |
9.4.6. Russia |
9.4.7. Rest of Europe |
9.5. Europe Timber Product or Modified Timber Market - Opportunity Analysis Index, By Process, By Application, By End Use, and Country, 2024 - 2030 |
9.6. Europe Timber Product or Modified Timber Market Dynamics – Trends |
10. Asia Pacific Timber Product or Modified Timber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
10.1. Process Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Thermal Treatment |
10.1.2. Acetylation |
10.1.3. Other Process |
10.2. Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Decking |
10.2.2. Cladding |
10.2.3. Windows & Doors |
10.3. End Use Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Residential |
10.3.2. Commercial |
10.3.3. Industrial |
10.4. Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. China |
10.4.2. Japan |
10.4.3. India |
10.4.4. ASEAN Counties |
10.4.5. Philippines |
10.4.6. Rest of Asia Pacific |
10.5. Asia Pacific Timber Product or Modified Timber Market - Opportunity Analysis Index, By Process, By Application, By End Use, and Country, 2024 - 2030 |
10.6. Asia Pacific Timber Product or Modified Timber Market Dynamics – Trends |
11. Latin America Timber Product or Modified Timber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
11.1. Process Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Thermal Treatment |
11.1.2. Acetylation |
11.1.3. Other Process |
11.2. Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Decking |
11.2.2. Cladding |
11.2.3. Windows & Doors |
11.3. End Use Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Residential |
11.3.2. Commercial |
11.3.3. Industrial |
11.4. Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Mexico |
11.4.2. Brazil |
11.4.3. Argentina |
11.4.4. Rest of Latin America |
11.5. Latin America Timber Product or Modified Timber Market - Opportunity Analysis Index, By Process, By Application, By End Use, and Country, 2024 - 2030 |
11.6. Latin America Timber Product or Modified Timber Market Dynamics – Trends |
12. Middle East and Africa Timber Product or Modified Timber Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
12.1. Process Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Thermal Treatment |
12.1.2. Acetylation |
12.1.3. Other Process |
12.2. Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Decking |
12.2.2. Cladding |
12.2.3. Windows & Doors |
12.3. End Use Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Residential |
12.3.2. Commercial |
12.3.3. Industrial |
12.4. Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. GCC Countries |
12.4.2. South Africa |
12.4.3. Saudi Arabia |
12.4.4. Turkey |
12.4.5. Rest of MEA |
12.5. Middle East and Africa Timber Product or Modified Timber Market - Opportunity Analysis Index, By Process, By Application, By End Use, and Country, 2024 - 2030 |
12.6. Middle East and Africa Timber Product or Modified Timber Market Dynamics – Trends |
13. Competition Landscape |
13.1. Strategic Dashboard of Top Market Players |
13.2. Company Profiles (Introduction, Financial Analysis, Key Developments, Strategies, and SWOT Analysis) |
13.2.1. Kebony |
13.2.2. Accsys Technologies |
13.2.3. Houthandel Lambert van den Bosch |
13.2.4. Stora Enso |
13.2.5. Lignia Wood Company Ltd |
13.2.6. Thermory AS |
13.2.7. Oy SWM-Wood Ltd |
13.2.8. timura Holzmanufaktur GmbH |
13.2.9. Kärävä Oy |
14. Research Methodology |
15. Key Assumptions and Acronyms |
Key Market Players