Laminated Veneer Lumber Market Research Report - Global Forecast till 2027

Global Laminated Veneer Lumber Market Research Report: Information By Product (Cross-Banded Laminated Veneer Lumber and Laminated Strand Lumber (LSL)), Application (Concrete Formwork, House Beams, Purlins, Truss Chords, Scaffold Boards and Others), End-Use (Residential, Commercial and Industrial) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/CO/8882-HCR | February 2021 | Region: Global | 119 pages

Please note that the assessment period of report has been updated from 2020-2026 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Laminated veneer lumber (LVL) is made from veneers bonded together under heat and pressure, using a fully weatherproof glue. It is a lightweight, high in strength, durable product with dimensional precision, uniformity, and the ability to span long distances.


Global Laminated Veneer Lumber Market size is anticipated to register a CAGR of 7% between 2020 and 2026 and reach an approximate value of USD 4,000 Million in 2026.


It is utilized as a substitute for plain wood because of its protection from breaking, shrinkage, splitting, and twisting. Additionally, laminated veneer lumber (LVL) provides better strength as compared to plain wood. Furthermore, it can also be used for manufacturing furniture, vehicle interiors, and wooded panels to give a fascinating appearance. LVL provides better fire resistance than other wooded blocks used as beams for construction. This is accomplished by stacking multiple layers of LVL with less porous materials.


Key industry participants in the global laminated veneer lumber industry include Forest and Wood Products Australia Ltd (Australia), Metsä Board Oyj (Finland), Modern Lumber Technology Ltd. (Russia), Weyerhaeuser Company Ltd. (US), Nelson Pine Industries Limited (New Zealand), Clarke Veneers & Plywood (US), Murphy Company (US), Brisco Manufacturing Ltd. (BML) (Canada), Roseburg (US), and MJB Wood Group, Inc. (US).


The global laminated veneer lumber market has been segmented based on product, application, end-use, and region. Based on product, the global market is divided into cross-banded laminated veneer lumber and laminated strand lumber (LSL). The cross-banded laminated veneer lumber product segment is anticipated to hold the larger market share during the forecast period.


Based on application, the global laminated veneer lumber market is segmented into concrete formwork, house beams, purlins, truss chords, scaffold boards, and others. The concrete formwork application segment is expected to account for the largest share of the global market owing to the growing construction projects.


Based on end-use, the global laminated veneer lumber market is segmented into residential, commercial, and industrial. The residential application segment accounted for the largest share of the global market.


Market Segmentation
laminated veneer lumber market


The global laminated veneer lumber market is expected to witness high growth during the forecast period due to the growing construction industry, high demand in light of sustainability concerns, and supportive government regulations.


Based on region, the global laminated veneer lumber market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is expected to lead the laminated veneer lumber market during the forecast period due to the presence of emerging economies such as China and India, which have witnessed the highest market growth due to extensive use of laminated veneer lumber in the construction industry.


Key Players


Key industry participants in the global laminated veneer lumber market include Forest and Wood Products Australia Ltd (Australia), Metsä Board Oyj (Finland), Modern Lumber Technology Ltd. (Russia), Weyerhaeuser Company Ltd. (US), Nelson Pine Industries Limited (New Zealand), Clarke Veneers & Plywood (US), Murphy Company (US), Brisco Manufacturing Ltd. (BML) (Canada), Roseburg (US), and MJB Wood Group, Inc. (US).


Intended Audience



  • Government and Research Organization

  • Consulting Companies in the Laminated Veneer Lumber Market

  • Raw Material Suppliers

  • Research Consultants

  • Investors and Shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4,000 (2026)
  CAGR   7% (2020-2026)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Forest and Wood Products Australia Ltd (Australia), Metsä Board Oyj (Finland), Modern Lumber Technology Ltd. (Russia), Weyerhaeuser Company Ltd. (US), Nelson Pine Industries Limited (New Zealand), Clarke Veneers & Plywood (US), Murphy Company (US), Brisco Manufacturing Ltd. (BML) (Canada), Roseburg (US), and MJB Wood Group, Inc. (US).
  Key Market Opportunities   Asia-Pacific is expected to lead the laminated veneer lumber market during the forecast period due to the presence of emerging economies such as China and India, which have witnessed the highest market growth due to extensive use of laminated veneer lumber in the construction industry.
  Key Market Drivers

  • The global laminated veneer lumber market is segmented into concrete formwork, house beams, purlins, truss chords, scaffold boards, and others.\r\n
  • The concrete formwork application segment is expected to account for the largest share of the global market owing to the growing construction projects.


  • Frequently Asked Questions (FAQ) :


    Global laminated veneer lumber market is projected to grow at approximately 7% CAGR during the assessment period (2020-2026).

    The valuation of the global laminated veneer lumber market is estimated to increase to USD 4,000 MN by the end of 2026.

    Concrete formwork is the largest application segment in the global laminated veneer lumber market.

    Increasing demand for visually appealing furniture and rising urbanization and consumer preference, are major tailwinds pushing the growth of the global laminated veneer lumber market.

    The Asia Pacific region holds the largest share in the global laminated veneer lumber market, followed by North America and Europe, respectively.

    Metsä Board Oyj (Finland), Forest and Wood Products Australia Ltd (Australia), Modern Lumber Technology Ltd. (Russia), Nelson Pine Industries Limited (New Zealand), Weyerhaeuser Company Ltd. (US), Clarke Veneers & Plywood (US), Brisco Manufacturing Ltd. (BML) (Canada), Murphy Company (US), Roseburg (US), and MJB Wood Group, Inc. (US), are some of the top players operating in the global laminated veneer lumber market.