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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
The report: “Reclaimed Lumber Market – Forecast (2021-2026)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Reclaimed Lumber Market.
By Application – Flooring,
Panelling & Siding, Beams & Boards, Furniture and Others.
By End-Use Industry –
Residential (Independent Houses, Large Apartments Houses and RoW Houses),
Commercial (Hospitals & Healthcare Infrastructure, Educational
Institutes, Hotels and Restaurants, Banks and
Financial Institution, Others) and Industrial.
By Geography – North
America (U.S., Canada, and Mexico), Europe (U.K., Germany, Italy, France,
Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China,
Japan, India, South Korea, ANZ, Indonesia, Taiwan, Malaysia, and Rest of Asia
Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South
America) and RoW (Middle East and Africa).
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)
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Reclaimed Lumber Market Segment Analysis – By Application
Furniture segment held the
largest share in the reclaimed lumber market in the year 2020 and is expected
to grow at a CAGR of 4.9% during the forecast period. The wood is used
strictly in applications such as furniture or decorative purposes. One of the
major benefit is, the high-quality, old-growth timber is that it is seasoned
and stable, and so is not subject to twisting or shrinking when reused in a
building. According to the data provided by Eurostat, the values of EU27 and UK
wood furniture production was
about USD $45.57 (€42.5) billion in 2019. Therefore, owing to the increasing
demand for furniture, the reclaimed lumber market is expected to grow.
Reclaimed Lumber Market Segment Analysis – By End Use Industry
Commercial sector has been the
primary market for reclaimed lumber in the year 2020 and is expected to grow at
a CAGR of 5% during the forecast period. Reclaimed wood is considered more of
a specialty item rather than a practical solution to large-scale wood flooring
and siding projects in commercial sector. In addition, Oak is a the most popular
choice for reclaimed wood and in particular flooring due to its versatility in
terms of finish and coloring. According to U.S Census Bureau, the construction
industry is of worth $11.4 trillion in the year 2019. So, the growing
construction industry, the reclaimed lumber market will also grow.
Reclaimed Lumber Market Segment Analysis – By Geography
APAC dominated the Reclaimed Lumber market in the
year 2020 and is expected to grow at a CAGR of 4.8% during the forecast period. In this region, China is
projected to witness a high demand for reclaimed lumber owing to its vast
wood-based construction industry and increasing awareness regarding reducing
greenhouse gas emissions. Whereas according to the USDA foreign agriculture
service, in India, annual import of logs, lumber and wood products have
increased from USD$1.3 billion to $2 billion in the past decade. So, with the
increase in demand for wood, the market for reclaimed lumber will drive.
Reclaimed Lumber Market Drivers
Growing demand for green building
Growing governments initiatives towards green building will increase the
demand for flooring and this will eventually led to the increase in market
growth for reclaimed lumber. Whereas, in September 2020, U.K government had
launched a scheme called “The Green Homes Grant”. This scheme is set to help
homeowners by funding them the cost of green home improvements and to improve
their energy efficiency. The government will be providing two-thirds funding up
to $6500 (£5,000 or £10,000) (for low-income homes) to help homeowners make
green home improvements.
Governments initiatives regarding construction/ infrastructure
In order to
develop their nations, governments globally are focusing on boosting their
infrastructure. For an example, in India, according to the Department for
Promotion of Industry and Internal Trade (DPIIT), construction development and
infrastructure activities sectors received FDI inflow amounting to US$ 25.69
billion and US$ 16.97 billion, respectively, between April 2000-June 2020.
These investments had helped the construction industry to develop in the past
and would be helping in the upcoming years. Hence with the rising construction
industry, the reclaimed lumber market is expected to grow.
Reclaimed Lumber Market Challenges
High Cost of reclaimed lumber
Reclaimed wood are
more expensive than virgin wood because of the process it undergoes. A dealer
sorts and prepares the reclaim lumber, so it’s safe for consumer use, whereas
there is a lot of nail pulling and extra work involved over using virgin
lumber. On the other hand, Companies may treat lumber with chemicals and paint,
which can contain volatile organic compounds, adhesives, preservatives,
insecticides or lead, this makes reclaimed lumber end product more expensive
and might work as challenge for the market growth.
Reclaimed Lumber Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Reclaimed Lumber
market. Major players in the Reclaimed Lumber Market are Altruwood, Atlantic
Reclaimed Lumber, LLC, Carpentier Hardwood Solutions NV, Elemental Republics,
Elmwood Reclaimed Timber, Imondi Flooring, Jarmak Corporation, Longleaf Lumber,
Inc., Montana Reclaimed Lumber Co., Olde Wood Ltd., among others.
Relevant Reports
Report Code: CMR 7374
Report Code: CMR 69641
For more Chemicals and Materials Market reports - Please click here
1. Reclaimed Lumber Market- Market Overview
1.1 Definitions and Scope
2. Reclaimed Lumber Market - Executive Summary
2.1 Key Trends by Application
2.2 Key Trends by End Use Industry
2.3 Key Trends by Geography
3. Reclaimed Lumber Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Reclaimed Lumber Market - Startup companies Scenario Premium io Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Reclaimed Lumber Market – Industry Market Entry Scenario Premium io Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Reclaimed Lumber Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Reclaimed Lumber Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Reclaimed Lumber Market – By Application (Market Size -$Million/Billion)
8.1 Flooring
8.2 Panelling & Siding
8.3 Beams & Boards
8.4 Furniture
8.5 Others
9. Reclaimed Lumber Market – By End-Use Industry (Market Size -$Million/Billion)
9.1 Residential
9.1.1 Independent Houses
9.1.2 Large Apartments Houses
9.1.3 RoW Houses
9.2 Commercial
9.2.1 Hospitals & Healthcare Infrastructure
9.2.2 Educational Institutes
9.2.3 Hotels and Restaurants
9.2.4 Banks and Financial Institution
9.2.5 Others
9.3 Industrial
10. Reclaimed Lumber Market - By Geography (Market Size -$Million/Billion)
10.1 North America
10.1.1 U.S
10.1.2 Canada
10.1.3 Mexico
10.2 South America
10.2.1 Brazil
10.2.2 Argentina
10.2.3 Colombia
10.2.4 Chile
10.2.5 Rest of South America
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Netherland
10.3.6 Spain
10.3.7 Russia
10.3.8 Belgium
10.3.9 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia and New Zeeland
10.4.6 Indonesia
10.4.7 Taiwan
10.4.8 Malaysia
10.4.9 Rest of APAC
10.5 Rest of the World
10.5.1 Middle East
10.5.1.1 Saudi Arabia
10.5.1.2 U.A.E
10.5.1.3 Israel
10.5.1.4 Rest of the Middle East
10.5.2 Africa
10.5.2.1 South Africa
10.5.2.2 Nigeria
10.5.2.3 Rest of Africa
11. Reclaimed Lumber Market – Entropy
11.1 New Product Launches
11.2 M&As, Collaborations, JVs and Partnerships
12. Reclaimed Lumber Market – Market Share Analysis Premium
12.1 Market Share at Global Level - Major companies
12.2 Market Share by Key Region - Major companies
12.3 Market Share by Key Country - Major companies
12.4 Market Share by Key Application - Major companies
12.5 Market Share by Key Product Type/Product category - Major companies
13. Reclaimed Lumber Market – Key Company List by Country Premium Premium
14. Reclaimed Lumber Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
LIST OF FIGURES
1.US Reclaimed Lumber Market Revenue, 2019-2024 ($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)