Global Market Study on Modified Wood: Key Players Focusing on Alternative Manufacturing Techniques & Long-term Supply Contracts

Modified Wood  Market
  • Published On : Mar-2019 |
  • Pages : 206 Pages |
  • Format : Modified Wood  Market Modified Wood  Market Modified Wood  Market Modified Wood  Market

The global modified wood is projected to experience solid growth through 2026, reaching an estimated revenue of around US$ 1.5 billion. Increasing demand for durable wood products from the construction industry is the key factor driving demand for modified wood market. Europe currently holds nearly 70% share in the global market value, and is likely to remain the most prominent regional consumer of modified wood.

Growing Concern Regarding Use of Chemicals for Wood Treatment to Create Opportunities for Thermally Modified Wood Manufacturers 

Growing concerns regarding illegal logging and increasing regulations on the use of chemicals for wood treatment are the two factors anticipated to create significant growth opportunities for thermally modified wood manufacturers in future.

  • In 2008, the amendments made in Lacey Act increased implementation of regulations associated with the trade of illegally harvested timber. Huge amount of penalties will be applied to those who illegally try to enter the supply chain. Increased enforcement will thus create significant growth opportunities for domestically sourced wood products, such as thermally modified wood. Furthermore, chemicals used for the treatment of wood, such as chromated copper arsenate, are potentially harmful chemicals and have been discontinued for residential applications in the US.

This has created significant demand for wood products treated using chemical-free processes, such as thermally modified wood. Hence, the demand for thermally modified wood is expected to grow at a significant pace during the forecast period. 

Europe Holds a Majority of Share in Global Modified Wood Market

Europe is the most prominent market in the global modified wood market. The region is the largest producer as well as consumer of modified wood for various applications, such as decking, cladding, window, doors, etc. Additionally, the market in North America is also expected to witness significant transitions in future owing to growing preference for thermally modified wood over pressure treated wooden products.

Lack of Awareness About Concerned Product

The biggest challenge faced by the global manufacturers of modified wood is lack of awareness about the product among both consumers and intermediates. People across major economies do not have sufficient actual knowledge about what modified wood is. Moreover, those who know about this kind of wood either think it’s too expensive or not available easily. These two factors will have a significantly negative impact on the overall sale of modified wood globally.

High price point associated with products manufactured from modified wood will also remain a longstanding challenge facing manufacturers of modified wood, operating in the global marketplace.

Modified Wood Market: Competition Analysis

The global modified wood market is moderately consolidated. European players hold the dominant share in the Global modified wood market. Long-term supply contracts with wood providers will be among the key success factors for achieving long-term growth in the modified wood market. The manufacturers of modified wood are also engaged in the development and manufacturing of modified wood via other techniques rather than just using the thermal treatment process.

Key market participants have been involved in production capacity expansion activities to enhance their presence in the market as well as to cater to the growing demand for modified wood products across the globe. Additionally, acquisitions and collaborations are among the key expansion strategies being followed by existing players operating in the global modified wood market.

Key Questions Answered in Modified Wood Market Report

  • How has the modified wood market evolved over the past five years?
  • What shape is the modified wood market expected to take in terms of volume and value during the study period?
  • What are some of the competition developments and trends in the modified wood market?
  • What are the key market dynamics in the modified wood market?
  • What are the underlying macro-economic and industry factors impacting the growth of the modified wood market?
  • What are the market positioning and key strategies of key manufacturers as per the modified wood market taxonomy?
  • What are the key challenges, opportunities and improvement factors for modified wood market players?
  • How is the competition structured in the modified wood market at present and how has it evolved over the past few years?

This PMR study offers a detailed eight-year analysis and opportunity assessment for the global Modified Wood market for the period between 2018 and 2026. For this study, we have considered 2017 as the base year while Modified Wood market numbers have been estimated for 2018 and projections have been made for the period 2018 to 2026. The CAGR (Compound Average Growth Rate), in terms of both volume & value, has been represented from 2018 to 2026. In this study on the Modified Wood market, various perspectives, such as Modified Wood market dynamics, competition analysis, pricing and value chain analysis, regional & segmental growth, macro-economic & industry growth analysis and segment-level projections, have been discussed in a comprehensive manner.

After a detailed study of the global Modified Wood market and analysis of the perspectives of industry participants, it has been concluded that the global Modified Wood market is expected to grow at a value CAGR of 9.6% during the forecast period. Growing adoption of wood products in the construction industry and increasing construction spending across the globe will support the growth of Modified Wood market. Decking and cladding are the two major application segments and hold dominating shares in terms of Modified Wood consumption globally.

This report on the Modified Wood market analyses the market at regional and global levels through various segments on the basis of key parameters, such as process, application, end use and region. The main objective of this report is to provide key insights regarding ongoing trends, competition positioning, growth rate, market potential and other such relevant information & statistics in an appropriate manner to the buyers or various stakeholders in the global Modified Wood market.

In this report on the global Modified Wood market, all sections have been structured in a systematic way to allow the readers to develop a detailed understanding of the global Modified Wood market. This report on the Modified Wood market begins with the executive summary of the report, which is followed by market introduction, market dynamics, market background and market analysis by key segments at a global level. Further, regional analysis and competition landscape have also been included under the scope of the report. Each section covers qualitative and quantitative assessment of the Modified Wood market on the basis of current developments, historical developments, trends and key opinions gathered through primary interviews with industry participants.

Modified Wood Market: Segmentation



End Use


  • Thermal Treatment
  • Acetylation
  • Other Treatments
  • Decking
  • Cladding
  • Windows & Doors
  • Residential
  • Commercial
  • Industrial
  • North America
  • Latin America
  • Europe
  • SEA & Pacific
  • Middle East & Africa
  • China
  • India
  • Japan

The Modified Wood market report begins with the executive summary, under which a detailed overview of the whole market has been presented. In the next section, the report provides market introduction and market definitions along with taxonomy. In the next section of the report, important market background information, such as macro-economic & forecast factors, industry factors, pricing analysis, value chain and a detailed assessment of the sales of Modified Wood for the base year, has been included.

In the next section, market dynamics, such as drivers, restraints and trends, have been studied and their impact on the overall Modified Wood market at a global level has been discussed in detail. Additionally, opportunities for Modified Wood manufacturers have also been analysed in the subsequent section.

In the following sections of the report, market volume (Cubic Meter) and value (US$ Mn) projections for the aforementioned segments, followed by the summarised view of the seven prominent regions at a global level, have been included for the Modified Wood market.

In order to provide an accurate forecast, we started by calculating the current market size, which provides a basis of how the market for Modified Wood is expected to grow in future. To get a better understanding of the Modified Wood market, we triangulated the outcomes of three different types of analysis: primary, secondary and PMR analysis.

As previously stated, the global Modified Wood market has been split into four segments. These segments, on the basis of process, application, end use and region, have been analysed on the basis of BPS (Basis Point Share) to understand the relative contribution of each individual segment to the growth of the overall Modified Wood market. This information is important for the identification of various trends in the global Modified Wood market.  

In the last section of the Modified Wood market report, a competition landscape of the Modified Wood market has been included to provide a dashboard view to the report audiences, categorised on the basis of players present in the value chain, their global presence in the Modified Wood market and other differentiating factors and strategies. The primary providers covered under the scope are the producers or manufacturers of Modified Wood. In addition, the section is mainly designed to provide a detailed comparative assessment of the key players in the Modified Wood market and their place in the value chain.

The report has also included detailed company profiles of some of the key players in the Modified Wood market, evaluating their long- & short-term strategic developments and key offerings. Some of the key players covered in this Modified Wood market report are Oy Lunawood Ltd, Accsys Technologies PLC, Kebony, Thermory AS, Stora Enso, Oy SWM-Wood Ltd, Houthandel Lambert van den Bosch, Kärävä Oy and timura Holzmanufaktur GmbH, among others.

Companies covered in Modified Wood Market Report

Company Profile

  • Kebony
  • Accsys Technologies
  • Houthandel Lambert van den Bosch
  • Stora Enso
  • Thermory AS
  • Oy SWM-Wood Ltd
  • timura Holzmanufaktur GmbH
  • Kärävä Oy
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