Global Reclaimed Lumber Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Reclaimed Lumber Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global reclaimed lumber market report has been segmented on the basis of application, end user, and region.

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Global Reclaimed Lumber Market: Overview

Reclaimed lumber is also called as wooden scrap and material, which consists of a number of processes, used to restore its worth and fineness gathered from old furniture, buildings, etc. Reclaimed lumber is used in across various applications like framing, casework, paneling, flooring, and interior components.

Global Reclaimed Lumber Market: Dynamics

Increasing adoption of recycled material, owing to rising environmental awareness among individuals is a key factor expected to drive growth of the global market over the forecast period.

In addition, rising penetration of reclaimed lumber across construction industry is another factor expected to further boost growth of the target market over the forecast period.

Moreover, government across various countries taking initiative regarding increasing awareness of green building materials in order to achieve green building status is another factor expected to boost growth of the target market over the forecast period.

Furthermore, rising awareness of reclaimed wood raw materials as wood is widely used across residential building construction in order to reduce the carbon footprint is another factor expected to propel growth of the target market over the forecast period.

However, high product and labor cost is a key factor expected to restrain growth of the global market over the forecast period. In addition, lack of availability of salvaged wood owing to penetration is another factor expected to hamper growth of the target market over the forecast period.

Currently, rising awareness regarding reusing, recycling, and reducing among consumers and vendors is a trend observed in the target market which supports growth of the global market over the forecast period.

Growing green constructions industry, increasing destruction of old buildings for reconstruction and renovation are expected to create lucrative opportunities for the target market over the forecast period.

Global Reclaimed Lumber Market: Segment Analysis

Among the end user segments, the residential segment is expected to register significant growth in terms of CAGR over the forecast period, owing to rising adoption of reclaimed lumber products across various applications such as framing, paneling, casework, cabinets, interior design, and flooring components.

Among the application segments, the furniture segment is expected to dominate in the target market over the forecast period, owing to rising demand for customized furniture such as tabletops, cabinets, chairs, and shelves.

Global Reclaimed Lumber Market: Regional Analysis

The market in North America is expected to dominate into the global market in terms of revenue over the forecast period, owing to increasing availability of reclaimed wood and rising demand for reclaimed lumber across various commercial sectors such as hospitality, retail, offices, etc. for furniture and interior application.

The market in Asia Pacific is expected to register significant growth in terms of CAGR over the forecast period, owing to rising demand for green building materials across various countries in this region.

Global Reclaimed Lumber Market Segmentation:

Segmentation by application:

Flooring
Paneling & Siding
Beams
Furniture
Others

Segmentation by end user:

Residential
Commercial
Industrial