In the fourth quarter of 2023, the price of oriented strand board (OSB) in USA reached 848 USD/MT by December. Similarly, in China, the OSB prices hit 648 USD/MT in the same month.

Get the latest insights on price movement and trend analysis of OSB (Oriented Strand Board) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Plywood (WPU083) from Jan 1947 to Jun 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

Lumber rose to 530 USD/1000 board feet on September 10, 2025, up 0.19% from the previous day. Over the past month, Lumber's price has fallen 16.73%, but it is still 8.48% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber - values, historical data, forecasts and news - updated on September of 2025.

The cost of manufacturing softwood veneer and plywood has fluctuated significantly during the past years in the United States, with its index value falling to 301.5 in August 2024. The price of this product peaked in June 2021 at 702.5, only to fall to 302 in September of that year. 1982 is the date used as a reference point, in which the index value was fixed at 100.

According to Cognitive Market Research, the global Oriented Strand Board OSB market size will be USD 24514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7354.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5638.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1225.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 490.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
The OSB/1 category is the fastest growing segment of the Oriented Strand Board OSB industry

Market Dynamics of Oriented Strand Board OSB Market

Key Drivers for Oriented Strand Board OSB Market

Growing Construction Industry to Boost Market Growth

The growing construction industry is driving the Oriented Strand Board (OSB) market due to increasing demand for versatile and cost-effective building materials. As urbanization and infrastructure development accelerate globally, OSB is increasingly used in residential, commercial, and industrial projects for applications such as flooring, wall sheathing, and roofing. OSB’s affordability, strength, and ease of installation make it a preferred choice for many builders and developers. Additionally, the rapid pace of construction projects and renovation activities boosts OSB demand. The trend towards sustainable construction further supports OSB’s growth, as it aligns with eco-friendly building practices by being made from wood strands and recycled materials, enhancing its appeal in the expanding construction sector. For instance, in August 2022, Georgia-Pacific has committed USD 40 million to enhance its oriented strand board (OSB) facility in Alcolu, South Carolina. This investment will increase the facility's production capacity by 150 million square feet of OSB products.

Growing Urbanization and Infrastructure Development to Drive Market Growth

Growing urbanization and infrastructure development are driving the Oriented Strand Board (OSB) market due to the increased need for efficient and cost-effective building materials. As cities expand and new infrastructure projects arise, there is a heightened demand for versatile materials that can meet various construction requirements. OSB’s affordability, strength, and ease of handling make it an attractive choice for a wide range of applications, including flooring, wall sheathing, and roofing. Additionally, OSB’s suitability for both residential and commercial projects aligns with the rapid urban growth and extensive infrastructure developments. The push towards sustainable building practices also supports OSB usage, as it is produced from wood strands and often incorporates recycled materials, contributing to its growing adoption in urban and infrastructure projects.

Restraint Factor for the Oriented Strand Board OSB Market

Volatile Raw Material Prices will Limit Market Growth

Volatile raw material prices are a significant restraint on the Oriented Strand Board (OSB) market due to their impact on production costs and pricing stability. OSB production relies on wood and adhesives, both of which can experience fluctuating prices based on supply and demand dynamics, environmental regulations, and market conditions. When raw material costs rise unpredictably, manufacturers face increased production expenses, which can lead to higher prices for end consumers. This instability can affect profitability and hinder the adoption of OSB in some projects. Additionally, sudden cost increases may prompt builders to consider alternative materials, further limiting OSB's market potential. The need for consistent and stable raw material prices is crucial for maintaining competitive pricing and ensuring market growth.

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Oriented Strand Board (OSB) Market Outlook

The global Oriented Strand Board (OSB) market size was valued at approximately USD 25 billion in 2023 and is expected to reach around USD 40 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. Several factors drive this growth, including the increasing demand for sustainable and cost-effective building materials, technological advancements, and the rising construction activities worldwide.

One significant growth factor for the OSB market is the expanding construction sector, particularly in emerging economies. Rapid urbanization and industrialization in countries like China, India, and Brazil have led to increased infrastructure development, propelling the demand for efficient and affordable building materials like OSB. Additionally, the rise in residential construction projects due to population growth and urban migration further boosts the market. The high strength-to-weight ratio, moisture resistance, and cost-effectiveness of OSB make it a preferred choice for builders and contractors.

Moreover, the growing awareness about environmental sustainability is a crucial factor driving the OSB market. OSB is manufactured from fast-growing, renewable wood species, making it an eco-friendly alternative to traditional plywood and other construction materials. The increasing environmental regulations and the global shift towards green building practices encourage the adoption of sustainable materials, thereby augmenting the demand for OSB. Furthermore, the recycling potential of OSB adds to its appeal, aligning with the circular economy principles and reducing waste in the construction industry.

Technological advancements in manufacturing processes also contribute to the growth of the OSB market. Innovations such as improved adhesive formulations, enhanced moisture resistance properties, and advanced production technologies have significantly improved the quality and performance of OSB products. These advancements have expanded the application scope of OSB beyond traditional construction uses to include furniture, packaging, and flooring applications. The ability to customize OSB products to meet specific requirements further drives its popularity across various industries.

Oriented Strand Board (OSB) Slabs have become a vital component in modern construction due to their versatility and strength. These slabs are engineered to provide superior load-bearing capabilities, making them ideal for both residential and commercial building projects. The use of OSB slabs in flooring and roofing applications is particularly notable, as they offer a stable and durable base that can withstand various environmental conditions. Furthermore, the cost-effectiveness of OSB slabs compared to traditional materials like plywood makes them an attractive option for builders aiming to optimize budgets without compromising on quality. The increasing focus on sustainable building practices also enhances the appeal of OSB slabs, as they are produced from renewable wood sources, aligning with the global push towards eco-friendly construction solutions.

Regionally, North America holds a substantial share of the OSB market, driven by the booming construction industry and the high adoption rate of OSB in residential and commercial projects. The U.S. and Canada are key contributors to the market growth in this region, with significant investments in infrastructure and housing development. Europe also presents lucrative opportunities for the OSB market, supported by stringent environmental regulations and the growing trend of sustainable construction practices. The Asia Pacific region is expected to witness the highest growth rate, fueled by rapid urbanization, industrialization, and increasing foreign investments in infrastructure projects.

Product Type Analysis

The OSB market is segmented by product type into OSB/1, OSB/2, OSB/3, and OSB/4. Each type has specific characteristics and applications, catering to different requirements in the construction and manufacturing industries. OSB/1, the most basic type, is primarily used for non-structural applications such as interior furniture and packaging. It offers a cost-effective solution for applications where high strength and moisture resistance are not critical. The demand for OSB/1 is driven by its affo

In 2024, the Canadian oriented strandboard (OSB) market was finally on the rise to reach $765M for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, recorded a perceptible shrinkage. As a result, consumption attained the peak level of $4.4B. From 2017 to 2024, the growth of the market remained at a lower figure.

According to Cognitive Market Research, the global Oriented Strand Board OSB Slabs market size will be USD 24518.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9807.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7355.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5639.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1225.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 490.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The fire wall category held the highest Oriented Strand Board OSB Slabs market revenue share in 2024.

Market Dynamics of Oriented Strand Board OSB Slabs Market

Key Drivers for Oriented Strand Board OSB Slabs Market

The Growing Demand in the Construction Industry to Increase the Demand Globally

The market for Oriented Strand Board (OSB) Slabs is significantly driven by the expansion of the construction sector. Growing infrastructure development and urbanization, especially in emerging nations, are driving up demand for affordable, adaptable building materials like OSB slabs. OSB slabs are frequently used for sheathing, flooring, and roofing in residential, commercial, and industrial construction. They are a desirable substitute for conventional plywood due to their robustness, affordability, and simplicity of installation. With the increasing global population and government programs aimed at housing and infrastructure, OSB slabs are likely to become more in demand, strengthening their position in the building materials industry.

The Increasing Emphasis on Renewable Energy Sources has Resulted in a Rise in Building to Propel Market Growth

The market for Oriented Strand Board (OSB) Slabs is expanding due to a shift in construction practices and a trend toward renewable energy. OSB slabs are in line with the expanding global emphasis on environmentally beneficial building materials because they are created from quickly growing, renewable wood sources. OSB slabs and other sustainable products are in greater demand as the construction industry uses more environmentally friendly techniques. Environmentally aware builders and developers find their production technique appealing as it reduces waste and efficiently uses wood resources. Additionally, because OSB slabs have superior insulating qualities, they support the designs of energy-efficient buildings. The market for OSB slabs is anticipated to increase as a result of the increasing emphasis on sustainability and renewable energy sources that governments and organizations are putting forth.

Restraint Factor for the Oriented Strand Board OSB Slabs Market

Price Volatility for Raw Materials to Limit the Sales

The market for Oriented Strand Board (OSB) Slabs is significantly constrained by the volatility of raw material prices. Wood is the main raw material used to make OSBs, and its price is susceptible to a variety of circumstances, including disruptions in the supply chain, modifications to forestry laws, and natural disasters like pest or wildfire outbreaks. These price fluctuations may result in higher manufacturing costs for OSB producers, reducing their profit margins and making it more challenging to keep end-user pricing constant. The price of the adhesives and resins used in the manufacturing of OSBs might also fluctuate, which has an additional effect on the total cost of production. This volatility in raw material prices, especially in areas where prices are sensitive, might discourage investment and impede market expansion.

Impact of Covid-19 on the Oriented Strand Board OSB Slabs Market

The Oriented Strand Board (OSB) Slabs market was greatly damaged by the COVID-19 epide...

The global market size of Oriented Strand Board (OSB) Slabs is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.

Global Oriented Strand Board (OSB) Slabs Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Oriented Strand Board (OSB) Slabs industry. The key insights of the report:

1.The report provides key statistics on the market status of the Oriented Strand Board (OSB) Slabs manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.

3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.

4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

5.The report estimates 2019-2024 market development trends of Oriented Strand Board (OSB) Slabs industry.

6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out

7.The report makes some important proposals for a new project of Oriented Strand Board (OSB) Slabs Industry before evaluating its feasibility.

There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.

For competitor segment, the report includes global key players of Oriented Strand Board (OSB) Slabs as well as some small players.

The information for each competitor includes:

* Company Profile

* Main Business Information

* SWOT Analysis

* Sales, Revenue, Price and Gross Margin

* Market Share



For product type segment, this report listed main product type of Oriented Strand Board (OSB) in residential construction market

* Product Type I

* Product Type II

* Product Type III



For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.

* Application I

* Application II

* Application III



For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:

* North America

* South America

* Asia & Pacific

* Europe

* MEA (Middle East and Africa)

The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.



Reasons to Purchase this Report:

* Analyzing the outlook of the market with the recent trends and SWOT analysis

* Market dynamics scenario, along with growth opportunities of the market in the years to come

* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

* 1-year analyst support, along with the data support in excel format.

We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report

OSB Roof Sheathing Market Outlook

The global OSB roof sheathing market size was valued at approximately USD 12.5 billion in 2023 and is projected to reach around USD 22.8 billion by 2032, expanding at a CAGR of 6.8% during the forecast period. The growth of the market is primarily driven by the increasing demand for durable and cost-effective roofing solutions in the construction sector. Furthermore, the adoption of eco-friendly building materials is fueling market expansion, along with the rising number of residential and commercial construction projects globally.

One of the significant growth factors for the OSB roof sheathing market is the surge in construction activities worldwide, especially in emerging economies. Rapid urbanization and industrialization have led to a higher demand for residential and commercial infrastructure, which, in turn, drives the need for effective roofing solutions. OSB roof sheathing is favored for its strength, durability, and cost-effectiveness compared to traditional materials, making it an ideal choice for new construction endeavors. Additionally, favorable government policies and investments in infrastructure development further propel market growth.

The increasing awareness regarding sustainable and eco-friendly building materials is another crucial factor contributing to the growth of the OSB roof sheathing market. OSB, made from small-diameter trees and forest thinning, is a more sustainable option compared to plywood. This aligns with the global trend towards green building practices, which aim to reduce the environmental impact of construction activities. Consequently, builders and developers are increasingly opting for OSB sheathing to meet green certification standards, thereby enhancing market growth.

Technological advancements in the production of OSB sheathing are also playing a pivotal role in market expansion. Innovations such as fire-retardant and radiant barrier OSB panels are providing enhanced safety and energy efficiency, respectively. These advanced products are gaining traction in various applications, including residential, commercial, and industrial sectors. The ability of these innovative products to meet stringent building codes and regulations makes them appealing to contractors and builders, thereby boosting market demand.

From a regional perspective, North America holds a significant share of the OSB roof sheathing market due to the well-established construction industry and high adoption rate of advanced building materials. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by rapid urbanization, economic development, and increasing construction activities in countries such as China and India. Europe also represents a substantial market, supported by the rising trend of sustainable building practices and stringent building regulations.

Product Type Analysis

The OSB roof sheathing market is segmented into various product types, including Standard OSB, Fire-Retardant OSB, Radiant Barrier OSB, and Others. Standard OSB is the most commonly used type due to its cost-effectiveness and sufficient performance for general construction purposes. It is extensively utilized in residential and commercial roofing applications, providing a reliable and affordable solution for builders. Despite its basic nature, standard OSB continues to dominate the market due to its widespread acceptance and utility.

Fire-Retardant OSB is gaining popularity, especially in regions with strict fire safety regulations. This type of sheathing incorporates fire-retardant chemicals that enhance its resistance to fire, making it suitable for buildings where fire safety is a critical concern. The demand for fire-retardant OSB is particularly high in commercial and industrial constructions, where compliance with fire safety codes is mandatory. As awareness and regulations around fire safety continue to grow, the adoption of fire-retardant OSB is expected to increase, contributing significantly to market growth.

Radiant Barrier OSB is another innovative product type that is seeing rising demand, particularly in regions with hot climates. This type of sheathing includes a reflective layer that helps reduce heat transfer, improving the energy efficiency of buildings. By lowering cooling costs during hot weather, radiant barrier OSB provides substantial energy savings, making it an attractive option for both residential and commercial buildings. The growing emphasis on energy-efficient building solutions is expected to drive the adoption of radiant

Europe's Oriented Strand Board OSB Slabs market will be USD 7355.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. The growing demand for industrial sector is expected to aid sales to USD 12729.2 million by 2031

The Middle East and Africa Oriented Strand Board OSB Slabs market will be USD 490.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031. The market is foreseen to reach USD 941.2 million by 2031, owing to the demand for OSBs and increased construction activity associated with economic growth and rising disposable incomes.

Latin America's Oriented Strand Board OSB Slabs market will be USD 1225.93 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031. There is high demand in the agriculture industry; the market is foreseen to reach USD 2375.5 million by 2031.

Europe Oriented Strand Board OSB market will be USD 7354.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031. Increasing construction activities and a strong emphasis on sustainable building materials is expected to aid the sales to USD 12564.3 million by 2031

The Asia Pacific Oriented Strand Board OSB Slabs market will be USD 5639.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031. The growing demand for commercial sector is expected to aid sales to USD 11474.2 million by 2031

According to Cognitive Market Research, the global OSB Panel for Building market size will be USD 24154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9661.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7246.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5555.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1207.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 483.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The OSB/1 category is the fastest growing segment of the OSB Panel for Building industry

Market Dynamics of OSB Panel for Building Market

Key Drivers for OSB Panel for Building Market

Increasing the Use of Biodegradable and Compostable Materials to Boost Market Growth

One major factor propelling the OSB (Oriented Strand Board) Panel for Building Market is the expanding global building industry. Global urbanization, especially in developing nations, has led to a significant rise in demand for commercial, industrial, and residential infrastructure. Because of its strength, longevity, and affordability, OSB panels are frequently used in construction for structural applications like roofs, walls, and flooring. Furthermore, because OSB is frequently constructed from quickly growing, renewable wood sources, it is an environmentally beneficial substitute for conventional plywood, which has increased demand for it as building materials have shifted toward more sustainable options. Due to the growing demand for housing as well as government programs and expenditures on infrastructure and affordable housing, OSB panels are becoming a necessary component of contemporary building. As countries give resilience, energy efficiency, and sustainable development a top priority in their construction methods, this trend is anticipated to persist.

Increased Demand for Eco-friendly Building Materials to Drive Market Growth

The market for OSB (Oriented Strand Board) panels for buildings is being driven mostly by the increased demand for eco-friendly building materials. Lower environmental effect building materials are becoming more and more sought after by consumers and builders as worries about sustainability and climate change grow. OSB panels provide a more environmentally friendly option to conventional plywood since they are made from wood that grows quickly and is renewable. They are created using wood strands and adhesives, which are frequently obtained from low-value trees, such as those used in thinning operations, thereby cutting down on waste. Furthermore, OSB manufacture usually uses less energy and produces less emissions than other wood panels, which is in line with LEED and other green building certifications. This demand is further supported by laws and incentives designed to encourage environmentally friendly building materials, particularly in North America and Europe, where sustainability laws are more strict.

Restraint Factor for the OSB Panel for Building Market

Competition from Alternative Packaging Materials, such as Plastics and Styrofoam, will Limit Market Growth

One major market constraint facing the OSB (Oriented Strand Board) Panel for Building Market is the presence of replacement materials. As building needs change, OSB panels can be replaced with more affordable materials like plywood, particleboard, and MDF (Medium-Density Fiberboard). In applications where high structural integrity or aesthetic appeal are required, these alternatives—especially plywood—often offer advantages in strength, moisture resistance, and beauty. Their appeal over OSB has also increased due to technological developments in engineered wood and composite materials, which have produced new choices with improved durability, insulating qu...

Asia Pacific Oriented Strand Board OSB market will be USD 5638.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031. Rapid urbanization, expanding construction activities, and increasing infrastructure development are expected to aid the sales to USD 11325.6 million by 2031

The Middle East and Africa Oriented Strand Board OSB market will be USD 490.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031. The market is foreseen to reach USD 929.1 million by 2031, owing to the country's rapid urbanization, infrastructure development, and increasing construction activities.

Latin America's Oriented Strand Board OSB market will be USD 1225.71 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. The market is foreseen to reach USD 2344.7 million by 2031 due to increased construction and renovation activities, driven by urbanization and economic development.