by Web Editor | Feb 10, 2017 | News
A new report from market research firm Allied Market Research (AMR) projects that the global engineered wood market is estimated to reach $41.273 billion by 2022, growing at a compound annual growth rate (CAGR) of 24.8 percent from 2016 – 2022. North America and Europe, being the developed markets, account for nearly 70 percent of global engineered wood production, while still maintaining high CAGRs.
Engineered wood demand is expected to remain high during the forecast period as it is an alternative to concrete and hardwood. Engineered wood products are widely used by architects, builders, code officials, and building designers aware of energy-efficient framing practices that conserve energy, speed-up construction, cut labor cost, and reduce waste.
“The rising popularity of engineered wood over hardwood is attributable to its cost-effectiveness and eco-friendly aspect,” says AMR research analyst Yogiata Sharma. “Also, stringent regulations with regards CO2 emission and rapid deforestation are factors likely to propel the adoption of engineered wood. Despite the reservations, surrounding its usage due to safety concerns, composite wood has proved to be a huge commercial success.”
The market is expected to move at a higher pace in Europe and North America, owing to high disposable income and widespread awareness of the benefits of engineered wood among the populace. The engineered wood industry in Europe will be driven by the rise in demand for engineered timber, substantial use of resources, and increased import of raw wood from Asia-Pacific and LAMEA.
From Woodworking Network: https://www.woodworkingnetwork.com/news/almanac-market-data/engineered-wood-market-reach-413-billion-globally-2022?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news
by Web Editor | Sep 19, 2016 | News
New Zealand Researchers Develop New Adhesive For Engineered Wood
Scion’s environmentally-friendly bioadhesives technology was awarded Biotechnology of the Year at NZBIO’s annual conference recently. Dr. Will Barker, Chief Executive of NZBIO, said “the technology is a game changer for wood panel manufacturers”.
The Scion bioadhesives team, led by Warren Grigsby, has developed a world first 100 percent biobased adhesive and resins for engineered wood products. Made from natural sources, such as forestry and agricultural waste, these adhesives and resins are petrochemical-free, have very low formaldehyde emissions and can be made and used in existing manufacturing operations.
“We are thrilled to receive this award. It’s a great acknowledgement. We’ve spent years mixing and matching assorted ingredients to come up with right recipe. This is the icing on the cake,” says Warren.
The technology, which has been over seven years in the making, has been trademarked and patented as ‘Ligate’. “The ‘green’ credentials of Ligate products will provide manufacturers with a competitive advantage over wood processors using conventional petrochemical-based adhesives and resins.
“Adhesives and resins made from natural sources have a lower environmental footprint and are considered more socially acceptable than their traditional formaldehyde-based counterparts,” says Warren. The technology has already attracted international interest, and next week Warren travels to Europe to further profile the technology at two international conferences.
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by Web Editor | Aug 17, 2016 | News
The 2016 Structural Panel & Engineered Wood Yearbook has been released by APA – The Engineered Wood Association. The yearbook includes an analysis of the U.S., Canadian, and global economies, focusing on factors that impact demand for engineered wood products across several market segments as a basis for forecasting expected production of engineered wood products over the next five years. Besides the analysis and forecast, the yearbook also includes historical data on engineered wood production. Topics examined in the yearbook include:
• U.S., Canada, and World economies
• Residential construction in the U.S. and Canada, new and repair/remodel
• Nonresidential and industrial markets
• North American imports and exports
• Outlook and production statistics for structural panels (OSB and plywood), including historical data
• Engineered wood product demand and production (glulam, I-joists, and LVL)
Driven by healthy employment gains over the last three years, annual household growth in the U.S. is back to the 1.2 million level, with demand for new housing units also back to the 1.5–1.6 million unit level. Buoyed by low interest rates, which are expected to remain below 4 percent for most of 2016, construction of new single-family homes in the first quarter of 2016 was up almost 5 percent from the pace of the fourth quarter of 2015, the highest quarterly starts rate since the fourth quarter of 2007. While demand is high in the U.S., the primary concern for the rest of 2016 and for the next several years is the ability of the supply-side forces to respond to this improvement. Home builders report that factors including a lack of developed lots and the shortage of skilled construction labor have combined to constrain their ability to respond to the increased demand for housing. Eventually these constraints will lessen; housing starts are projected to return to approximately 1.5 million units by decade’s end, with a concurrent growth in engineered wood products output ranging from 19–28 percent during this period.
From Woodworking Network: https://www.woodworkingnetwork.com/news/almanac-market-data/apa-releases-2016-structural-panel-engineered-wood-yearbook?ss=news,news,woodworking_industry_news,news,almanac_market_data,news
by Web Editor | Aug 1, 2016 | News
The Environmental Protection Agency rolled out a formaldehyde emission standard, working with the California Air Resources Board (CARB) in setting the rules that are mandated by Congress.
The EPA moved to reduce exposure to formaldehyde vapors from laminate panel and engineered wood products produced domestically or imported into the United States. The agency worked with the California Air Resources Board to make its final national rule consistent with California requirements for composite wood products.
One year after the rule is published, composite wood products that are sold, supplied, offered for sale, manufactured, or imported in the United States will need to be labeled as TSCA Title VI compliant. These products include: hardwood plywood, medium-density fiberboard, particleboard as well as household and other finished goods containing these products.
The action was triggered in large part by discovering that Lumber Liquidators’ flooring supply from China has been labeled CARB compliant though it was not. Lumber Liquidators has since settled with CARB and the Consumer Products Safety Commission over its liability for the matter. The new rule requires other sellers of laminate panel to meet the CARB standards for formaldehyde exposure.
EPA says the new rule will level the playing field for domestic laminate flooring manufacturers who have a high rate of compliance with the California standard and will ensure that imported products not subject to California’s requirements will meet the new standard and thus, not contain dangerous formaldehyde vapors.”
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/epa-issues-final-formaldehyde-exposure-rule-guided-carb
by Web Editor | Jun 8, 2016 | News
Eastern Engineered Wood Products, Bethlehem, Pa., has formed a new business unit, eWood-LINK, focused on turning the Northeastern wholesaler into a national distributor.
eWood-LINK will sell EEWP’s StructurePRO and other national brands of engineered wood and related products to pro dealers, component manufacturers, and wholesalers throughout the U.S.
Brian Pershyn, 44-year industry veteran and longtime outside sales rep with EEWP, leads the new sales initiative.
“We think this is an important time to expand our footprint,” states Todd Lindsey, president of EEWP. “We are excited about the opportunity to introduce our brands and our unique value proposition to customers in new markets.”
Eastern Engineered Wood Products incorporated in Pennsylvania in 1998. The company designs and distributes structural floor and roof systems to the professional contractor trade through a network of retail lumber yards and truss manufacturers. The company’s services include technical design and CAD services, cutting product to size for application on individual projects, and just-in-time delivery.
From Building-Products.com: https://www.building-products.com/June-2016/Eastern-Engineered-Wood-Products-Expands-Nationwide/
