Sawn Timbers Market

Sawn Timbers Market Synopsis

Sawn Timbers Market Size Was Valued at USD 272.66 Billion in 2023, and is Projected to Reach USD 389.92 Billion by 2032, Growing at a CAGR of 3.6% From 2024-2032.

The Sawn Timbers Market is in a continuous growth trend because of the higher improvement in construction and furniture sectors. Sawn timber – the term used for timber cut into specific width and thickness in the form of plank or beam is found in homes, offices, and factories. Minerals have always been appreciated for its variability, durability, and for organic like finishes. The market for sawn timber is particularly strong in development countries where process of urbanization and development of infrastructure is active. Also, an uptick in the use of green building and development practices and the rising utilization of environmentally friendly materials also contributes to the market growth, since sawn timber is a renewable material in case of using sustainable forest management.

In construction projects sawn timber is a common material when it comes to framing, flooring, roofing, and even as a trim.. An increase in green buildings and encouraging the use of environmentally friendly materials has supported the extensive application of timber in structural construction. With the future growth and development of construction activities in residential and commercial sectors around the World specially in Asia-Pacific and North America region, the requirement of sawn timber so has been raised up. In addition, due to its versatile application in the processing of furniture, cabinetry and other timber products, such as flooring, it has confirmed high circulation across the industries.

Nonetheless, the market has the following problems, which are the instability of timber sources as a result of factors such deforestation and climate change. Regulations concerning more responsible acquisition of timber and uses of forest resources have been tightened over the years, and this is likely to cause problems with supply and fluctuating costs. At the same time, the increase in the use of new materials, steel concrete, and synthetic composites can act as a threat to the development of the market. All the same, the Sawn Timbers Market will continue to rise based on ongoing construction projects, the shift toward sustainable materials, and improved technologies that enhance timber production.

Sawn Timbers Market Outlook, 2023 and 2032: Future Outlook

Sawn Timbers Market Trend Analysis

Trend: Rising demand for sustainable and eco-friendly construction materials.

One of the leading trends in the Sawn Timbers Market is increase in demand for green building materials. They identified that with global evolution, the construction industry is inclined to use renewable, biodegradable, and relatively non-hazardous materials that have less impact on environment. Sawn timber follows this trend perfectly since it is a natural product derived from managed plantations. The emphasis placed on green building certifications including LEED, continues to create more needs for timber usage in buildings. Further, consumers’ awareness of sustainability and, therefore, sawn timber play an active role in the sustainable construction of the future and the circular economy.

Driver: Growing urbanization and infrastructure development in emerging economies.

The Sawn Timbers Market is mainly driven by the new generation middle-class population as well as the enhanced development rates in the emerging countries. The above regions receive a high population and economic growth which requires construction of residential and business, and industrial facilities. This unrelenting rise in construction projects is leading to increased demand for building materials to support the various construction activities hence the need for Sawn Timber due to it is strength, versatility and natural appeal. An increase in construction activities due to growth of urbanization, infrastructural development such as roads, bridges and construction of public buildings are the major drivers for sawn timber where Asia-Pacific, Latin American and Africa markets are considered. Also, because changes in the people’s living standard brought by urbanization process, the consumption of timber in furniture or as interior decoration also has been introduced and propagated that has contributed towards the growth of the market in these ASIA emerging markets.

Restraint: Fluctuations in timber supply due to deforestation and climate change.

One of the most significant menaces identified in the Sawn Timbers Market is variability of timber supply and demand due to foresting and climate change. These environmental factors have created supply chain disruptions and an inconsistency of availability of quality timber. Agricultural expansion and urban development for example leads to deforestation, which decreases the stock of timber, and climate change through fires, droughts, pests that affect timber producing areas. Such issues have made the governments and organizations to put measures that control the undertaking of timber through cutting trees while aiming at saving the forests. Consequently, this means that for the sawn timber industry there is pressure to match the supply to these changes while providing for construction, furniture and other needs.

Opportunity: Increasing use of sawn timber in green building projects and furniture manufacturing.

The Sawn Timbers Market holds great potential because sawn timber is being used more and more in green building projects and furniture production. The general concept of sustainable construction is steadily progressing across the world, therefore, beneficial materials like sawn timber is in high demand. As a material, timber is sustainable since it is completely renewable, and also creates an attractive appearance to green buildings. Further, demand for handcrafted, durable furniture pushes up the usage of sawn timber as such furniture is much in demand in such markets as customized furniture of high quality. Sawn timber is ready to become not only an important player at the construction and furniture fair, but also a guide to sustainable and innovative development of these industries.

Sawn Timbers Market Segment Analysis

Sawn Timbers Market Segmented on the basis of By Wood Type, By Product Type, By Application By Treatment and By Grading.

By Product Type

o   Softwood

o   Hardwood

By Wood Type

o   Planks

o   Boards

o   Battens

By Application

o   Construction

o   Furniture

o   Packaging

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Wood Type, Softwood segment is expected to dominate the market during the forecast period

On the basis of wood type, Sawn Timbers Market has been divided into softwoods and hardwoods that are suitably used in various applications due to their properties. Softwood is obtained from coniferous trees like pines, spruce and fir, and makes use of this material popular in construction because it is easy to work with, lightweight and cheap. It is widely used for constructing beams and columns, roofs and floors. Hardwood derived from deciduous trees such as oak, maple, walnut, etc., enjoys much demand due to its steady quality, strength, and appearance, it is used in furniture making, decorative items and pricey construction purposes. The softwood has high demand in the vast areas which have been endowed with abundant forestry products & the hardwood experiences steady market in segments with emphasis on quality and durability of timber.

By Application, Construction segment expected to held the largest share

The Sawn Timbers Market is primarily driven by three key applications: has four major applications; in construction, furnishing, and packaging industries. Sawn timber is used as framing members, floor and roof joists, sheathing or as structural members in various constructions in the construction industry for both housing and industrial use. Additionally, the high utilization of its properties has been driven by the need for green, sustainable, and renewable construction material. In the furniture industry, sawn timber is adopted in the production of furniture items as well as cabinets as well as timber products that provide the required strength and elegance. Also, sawn timber is used in packaging: pallets, crates and boxes used to transport good, mainly where strength and protection are required. These applications are expected stimulate the market growth, as each sector will require sawn timber to support its growth.

Sawn Timbers Market Regional Insights

North America is Expected to Dominate the Market Over the Forecast period

The construction and furniture industries in North America are likely to drive maximum growth in the Sawn Timbers Market during the forecast period. The construction sector of the region is quite mature and there are multiple ongoing as well as new construction projects in the form of Infrastructures as well as residential projects which is expected to demand better quality of sawn timber. Also, the increasing use of environmentally friendly materials in buildings coupled with increased use of green technology in construction helps in the expansion of the market in North America. The US and Canada especially have very sound standards that help promote responsible operations in the supply of timber that in turn supports market stability. Innovation in the processing techniques and the raised preference for timber structures the Sawn Timbers Market in North America is set to retain the pole position in the global market.

Sawn Timbers Market Share, by Geography, 2023 (%)

Active Key Players in the Sawn Timbers Market

o   LouisianaPacific (United States)

o   Interfor (Canada)

o   Sappi (South Africa)

o   Oji Holdings (Japan)

o   Metsä Group (Finland)

o   Canfor (Canada)

o   Resolute Forest Products (Canada)

o   West Fraser (Canada)

o   International Paper (United States)

o   UPM-Kymmene (Finland)

o   DS Smith (United Kingdom)

o   Mondi (United Kingdom)

o   Stora Enso (Finland)

o   Smurfit Kappa (Ireland)

o   Weyerhaeuser (United States)

o   others

Global Sawn Timbers Market Scope