Reclaimed Lumber Market Overview
Reclaimed lumber market size is
forecast to reach $16.2 billion by 2026, after growing at a CAGR of 4.6% during 2021-2026.
Reclaimed lumber is recycled wood, retrieved from its original
application for purposes of subsequent use such as Wine barrels, wood mantels
in homes and others. Additionally, reclaimed wood can been taken from various
sources such as Factories, Old barns, stock farms with other places. So, with
the increase in use of refurnished woods the demand for reclaimed lumber industry
is expected to drive. In addition, with rise in construction of wooded houses,
specially in cold places, the reclaimed lumber market is expected to lead. Whereas
government initiatives towards housing will enhance the overall market demand
for reclaimed lumber market.
COVID-19 Impact
The
worldwide crisis of COVID-19 has declined the construction industry as many of
the ongoing infrastructure projects are either post-ponded or cancelled which has led to a millions and billions of
losses. The International Monetary Fund (IMF) forecasts that real gross
domestic product (GDP) will shrink by around 3% worldwide, growing 5.9
percentage points less than the 2.9% growth in 2019. According to which United States will see
mass layoffs in the construction sector as in many other industries and
building activity in southern Europe is anticipated to contract by 60-70%.
So, this has declined the construction industry and hence the reclaimed lumber
market has restrained.
Report Coverage
Key Takeaways
- Asia-Pacific dominates the Reclaimed Lumber market owing to increasing demand from applications such as automotive and aviation industries.
- Reclaimed Lumber avoids and reduces the consumption of new timber, this is likely to aid in the market growth of reclaimed lumber.
- Increasing adoption and government initiatives towards green building will increase the market demand for reclaimed lumber in the near future.
- High prices of reclaimed lumber will create hurdles for the reclaimed lumber market.
Figure: Asia Pacific Reclaimed Lumber Market Revenue, 2020-2026 (US$ Million/Billion)
![Reclaimed Lumber Market](https://i.imgur.com/JU0Ep82.jpg)
Reclaimed Lumber Market Segment Analysis – By Application
Reclaimed Lumber Market Segment Analysis – By End Use Industry
Reclaimed Lumber Market Segment Analysis – By Geography
Reclaimed Lumber Market Drivers
Growing demand for green building
Governments initiatives regarding construction/ infrastructure
Reclaimed Lumber Market Challenges
High Cost of reclaimed lumber
Reclaimed Lumber Market Landscape
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LIST OF TABLES
LIST OF FIGURES
1.US Reclaimed Lumber Market Revenue, 2019-2024 ($M)2.Canada Reclaimed Lumber Market Revenue, 2019-2024 ($M)
3.Mexico Reclaimed Lumber Market Revenue, 2019-2024 ($M)
4.Brazil Reclaimed Lumber Market Revenue, 2019-2024 ($M)
5.Argentina Reclaimed Lumber Market Revenue, 2019-2024 ($M)
6.Peru Reclaimed Lumber Market Revenue, 2019-2024 ($M)
7.Colombia Reclaimed Lumber Market Revenue, 2019-2024 ($M)
8.Chile Reclaimed Lumber Market Revenue, 2019-2024 ($M)
9.Rest of South America Reclaimed Lumber Market Revenue, 2019-2024 ($M)
10.UK Reclaimed Lumber Market Revenue, 2019-2024 ($M)
11.Germany Reclaimed Lumber Market Revenue, 2019-2024 ($M)
12.France Reclaimed Lumber Market Revenue, 2019-2024 ($M)
13.Italy Reclaimed Lumber Market Revenue, 2019-2024 ($M)
14.Spain Reclaimed Lumber Market Revenue, 2019-2024 ($M)
15.Rest of Europe Reclaimed Lumber Market Revenue, 2019-2024 ($M)
16.China Reclaimed Lumber Market Revenue, 2019-2024 ($M)
17.India Reclaimed Lumber Market Revenue, 2019-2024 ($M)
18.Japan Reclaimed Lumber Market Revenue, 2019-2024 ($M)
19.South Korea Reclaimed Lumber Market Revenue, 2019-2024 ($M)
20.South Africa Reclaimed Lumber Market Revenue, 2019-2024 ($M)
21.North America Reclaimed Lumber By Application
22.South America Reclaimed Lumber By Application
23.Europe Reclaimed Lumber By Application
24.APAC Reclaimed Lumber By Application
25.MENA Reclaimed Lumber By Application
26.Longleaf Lumber, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Vintage Timberworks, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Atlantic Reclaimed Lumber, LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Carpentier Hardwood Solutions NV, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Imondi Flooring, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.TerraMai, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Jarmak Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Elemental Republics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Elmwood Reclaimed Timber, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Olde Wood Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Trestlewood, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Montana Reclaimed Lumber Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.True American Grain Reclaimed Wood, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Beam Board, LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Altruwood, Sales /Revenue, 2015-2018 ($Mn/$Bn)