The price of lumber in the United States fluctuated widely over the last five years, from a low of 240 dollars per 1,000 board feet in January 2016 to a peak of over 1,500 dollars in April 2021. This overall increase has not been linear though, with, for example, lumber prices falling by around 50 percent between June and September 2018, and again between August and October 2020. The value fell again by around 75 percent between May and August 2021. As of the end of December 2024, the price of lumber stood at 550.5 U.S. dollars per thousand board feet. Which nations are at the forefront of lumber production? The production of lumber is dependent on the availability of forest resources, market demand, and technological advances. Sustainable forest management practices a continuous supply of timber, while economic factors and construction activity drive demand. Among the countries countries with the largest production of lumber were China and the United States. Other countries with a relatively high lumber production rate were Russia, China, and Brazil.

The global pine wood market revenue amounted to $X in 2017, increasing by X% against the previous year. In general, pine wood consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when market value increased by X% against the previous year. In that year, the global pine wood market attained their peak level of $X.

In 2017, pine wood imports into the U.S. amounted to X cubic meters, approximately equating the previous year. Overall, pine wood imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. The U.S. imports peaked of X cubic meters in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.In value terms, pine wood imports stood at $X in 2017. In general, pine wood imports continue to indicate a relatively flat trend pattern.

In 2020, the market size of wood coatings in North America was estimated at some *** thousand tons. This was a decrease of roughly five percent in comparison to the previous year, when the market volume amounted to some *** thousand tons. Still, the wood coatings market volume is forecast to grow in the coming years, reaching around *** thousand tons by 2027.

Wood Coatings Market - Global Industry Size, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Resin Type, By Product Type and By Geography, Opportunities

Global Wood Pellet Fuel Market By Size, Share, Trends, Opportunity and Forecast 2017-2027, Segmented By Feedstock, By Heating Application, By Application, By Region, Competition Forecast and Opportunities

In 2017, imports of pine wood in Kazakhstan stood at X cubic meters, coming down by -X% against the previous year. In general, pine wood imports continue to indicate a drastic decrease. The growth pace was the most rapid in 2009, when the imports increased by X% y-o-y. Kazakhstan imports peaked of X cubic meters in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.In value terms, pine wood imports totaled $X in 2017. Overall, pine wood imports continue to indicate a drastic downturn.

In 2020, the market size of wood coatings in North America was estimated at some **** billion U.S. dollars. This was a decrease of roughly ** percent in comparison to the previous year, when the market size amounted to some **** billion U.S. dollars. Still, the wood coatings market is forecast to grow in the coming years, reaching around **** billion U.S. dollars by 2027.

Belgium Business Survey: Mfg: SF: Wood Processing data was reported at 0.100 % Point in Mar 2017. This records a decrease from the previous number of 12.300 % Point for Feb 2017. Belgium Business Survey: Mfg: SF: Wood Processing data is updated monthly, averaging 13.100 % Point from Jan 1980 (Median) to Mar 2017, with 447 observations. The data reached an all-time high of 63.000 % Point in Apr 1982 and a record low of -29.000 % Point in Jun 2009. Belgium Business Survey: Mfg: SF: Wood Processing data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.S024: Business Survey: Sales Price Forecast Over Next Three Months (Discontinued).

In 2017, approx. X cubic meters of spruce wood were imported into Israel; coming up by X% against the previous year. Overall, the total imports indicated a moderate growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the spruce wood imports increased by +X% against 2015 indices.

Market Overview:

The Modified Wood decking market is projected to grow from USD 1.02 Billion in 2017 to USD X.XX Billion by 2030, at a CAGR of 7.5% from 2017 to 2030. The growth of the modified wood decking market can be attributed to the increasing demand for green building materials and rising awareness about the benefits of using modified wood decking over traditional wooden decks. The Thermally Modified Wood segment is projected to lead the modified wood decking by type, in terms of value, during the forecast period.

Product Definition:

Modified wood decking is a type of lumber that has been treated with a water-resistant sealant or coating. This type of decking is often used in areas where there is high exposure to moisture, such as near swimming pools or in coastal regions. Modified wood decking is also popular among homeowners who want to avoid the maintenance requirements of traditional wooden decks.

Thermally Modified Wood:

Thermally Modified Wood in modified wood decking is a process of heating the wood to high temperatures in order to change its physical and chemical properties. This process makes the wood more durable, stable, and resistant to rot and decay. This type of wood is often used in decking because it is less likely to warp or shrink than other types of wood.

Chemical Modified Wood:

Chemical Modified Wood in modified wood decking is a process that uses chemicals to change the structure of the wood. This process can be used to change the color, hardness, and strength of the wood. It can also be used to make the wood more resistant to rot and insects. This type of wood is often used in decks and other outdoor projects.

Application Insights:

Exterior applications led the modified wood decking sales market by accounting for more than 70% of the overall revenue share in 2014. The rising demand for decks from residential as well as commercial users is projected to have a positive impact on segment growth over the forecast period. The interior application segment is anticipated to witness significant growth over the forecast period owing to increasing consumer awareness regarding environment-friendly and cost-effective products, which can be used within houses without harmful effects on health or the environment. Also, the modification of raw materials into finished goods does not involve any additional costs which will help reduce overall product prices and increase their penetration rate among consumers globally.

Regional Analysis:

Asia Pacific is projected to be the fastest-growing region, registering a CAGR of XX% from 2022 to 2030. The growth in this region will be driven by countries such as China and Japan due to rapid urbanization and increasing disposable income levels among consumers. Moreover, government initiatives for infrastructural development are also anticipated to drive the market over the forecast period.

Growth Factors:

• Increasing demand for low-maintenance decking materials.
• The rising popularity of outdoor living spaces.
• The growing trend of home renovations and upgrades.
• Proliferation of DIY home improvement projects.
• Increased spending on residential construction.

Report Scope

In 2021, the market size of polyester based wood coatings in North America was estimated at some ****** tons, an increase of *** percent compared with the previous year. The market is forecast to increase to more than ****** tons by 2027. The United States accounts for roughly three quarters of the North American polyester based wood coatings market.

In 2021, the market volume of polyurethane (PU) based wood coatings in the United States was estimated at ****** tons, an increase of roughly six percent compared with 2020. The U.S. PU based wood coatings market is forecast to grow in the coming years, reaching almost ****** tons by 2027.

In 2017, pine wood imports into Israel amounted to X cubic meters, growing by X% against the previous year. In general, the total imports indicated a measured growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the pine wood imports increased by +X% against 2015 indices.

In 2021, the market volume of polyester based wood coatings in Mexico was estimated at ***** tons, an increase of roughly *** percent compared with 2020. The Mexican polyester based wood coatings market is forecast to grow in the coming years.

In 2021, the market size of polyurethane (PU) based wood coatings in North America was estimated at some ****** tons, a decrease of *** percent compared with the previous year. The market is forecast to increase to more than 100,000 tons by 2027. The United States accounts for roughly three quarters of the North American polyurethane based wood coatings market.

In 2021, the market volume of polyester based wood coatings in Canada was estimated at ***** tons, an increase of roughly ***** percent compared with 2020. The Canadian polyester based wood coatings market is forecast to grow in the coming years, reaching almost ***** tons by 2027.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

In 2021, the market volume of polyurethane (PU) based wood coatings in Canada was estimated at ****** tons, an increase of roughly *** percent compared with 2020. The Canadian PU based wood coatings market is forecast to grow in the coming years, reaching almost ****** tons by 2027.

In 2017, approx. X cubic meters of pine wood were imported into Indonesia; stabilizing at the previous year. Overall, pine wood imports continue to indicate a mild curtailment. The growth pace was the most rapid in 2010, when the imports increased by X% from the previous year. Over the period under review, the pine wood imports reached its maximum volume of X cubic meters in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.In value terms, pine wood imports stood at $X in 2017.