Industry Overview

Global transparent wood market was valued at USD XX Bn in 2020 and is expected to grow at a CAGR of 9.2% during 2021 – 2029 to reach XX Bn by the year 2029. The market development is accounted for the increasing global population driving the demand for residential homes and growing disposable income among working population.

Introduction

Transparent wood is a form of wood that is made by compressing wood strips and eliminating the lignin from the wood. The strength of translucent wood is comparable to that of conventional wood, although it is lighter in weight. The type of wood determines the transparency of the wood. Transparent wood has a lower density than glass, has a higher optical transmittance, has a lower heat conductivity, and is more durable. It’s also compatible with conventional production techniques, making it easier to commercialize.

International trades value statistics suggest that demand for transparent wood is increasing substantially. For instance, the international trade value in the year 2018 was the highest in last 70 years and increase by 11% as compared to 2017, according to data released by the Food & Agricultural Organization of the United States. The KTH Royal Institute of Technology has introduced acrylic components to the last phases of transparent wood manufacture, resulting in economically viable solutions. The new transparent wood can now absorb energy and become translucent as a result. The wood releases the stored energy when the temperature decreases.

Transparent Wood Market Covid-19 Pandemic Impact & Recovery Analysis

The covid-19 pandemic harmed all the major markets across the globe. Logistic operations were shut down in the major vendor countries resulting into declined in the market value amid the covid-19 pandemic. However, the post-pandemic initiatives to recover from the economic crisis are projected to boost the transparent wood market in the coming years. Major market players are adopting new technologies to ensure a better and cost-efficient logistic supply chain in the key market regions.

Market Dynamics

By 2030, the world population is expected to grow from 6.4 billion in 2005 to 8.2 billion. Governments in nations like Bahrain, India, the Kingdom of Saudi Arabia, and the United Arab Emirates are planning to develop residences to meet the growing population’s housing demands. The demand for residential homes and other building projects is being driven by a rise in global population and an increase in disposable income. In the next years, this is projected to increase demand for transparent wood.

Global GDP grew from over US$16 trillion in 1970 to US$47 trillion in 2005. By 2030, it is expected to reach US$100 Trn. In recent years, significant investments have been made in the building and construction business all around the world. Improvements in financial circumstances, particularly in the construction industry, in developing nations such as Vietnam, Indonesia, Thailand, and India, are expected to enhance the worldwide transparent wood market over the forecast period.

However, Water damage is more likely to occur in transparent wood. External damage to transparent wood would develop as a result of this. To protect the wood, it is necessary to apply wood sealer on a regular basis. This is one of the elements that might have an immediate negative impact on the transparent wood industry.

Transparent Wood Market Segment Analysis

The transparent wood market is segmented based on application, and region.

Insights by Application

Based on application, the transparent wood market is segmented into Load Bearing Windows, Car Windscreens, Curtain Walls, Solar Cells Windows, Solar Panels, Electromagnetic Interference (EMI) Shielding, Transparent Wood Lasers, Elevators, Others. Transparent wood as a novel material for a non-cavity laser is gaining market traction. The laser action is supported by strong scattering due to the structural properties of the host material (transparent wood) and can be characterized as quasi-random lasing.

Transparent Wood Market Regional Analysis

Based on region, the transparent wood market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Transparent wood is predicted to have the largest market in North America, followed by Europe. Wood is in high demand in the United States and Canada due to rising building activity, sufficient wood supply, the aesthetic look of wood, and its environmentally friendly properties. Transparent wood will undoubtedly become a popular choice for renovation and rework projects, particularly in the residential sector.

Europe, which is at the cutting edge of technology, is anticipated to be the first to use transparent wood. In terms of the transparent timber market, demand for renewable energy and sustainability is critical. Furthermore, transparent wood’s potential in the vehicle industry is projected to boost demand. Europe is gradually shifting away from traditional wood and toward non-tropical alternatives. Plastic alternatives will be required by consumers who are becoming more environmentally conscious, and transparent wood can contribute.

Transparent wood is also being developed by Chinese researchers in newer, more environmentally friendly varieties. In the last ten years, China’s overall wood consumption has increased considerably. China’s overall wood consumption has climbed by 173 % during the last 10 years, according to the China Association of Forest Products Industry. China is anticipated to focus on building transparent wood greenhouses after the product has been proven to be scalable.

Japan has a developed economy with traditional norms that embrace wood, and it is likely to be one of the market’s largest customers. The Japanese make extensive use of wood in their building. Timber and imported laminated lumber are still used by a significant portion of the population for building. The Japanese have a great affinity for energy efficiency and cost-effectiveness, both of which are provided by transparent wood.

In India, the wood sector is going through a period of upheaval. Companies like IKEA are attempting to establish a presence in the region, and the business is becoming more structured. India, as a net importer of wood panels, makes a strong argument for transparent wood. Indian demand for translucent wood will be influenced by the country’s expanding population of over 1.3 billion people and rising disposable income, as well as customer preference for wood-based goods.

Competitive Insights

The transparent wood market is highly competitive in nature with global companies competing with regional players. Key players operating in the transparent wood market are Georgia-Pacific Wood, Products LLC, Fritz EGGER GmbH & Co. OG, Berneck S.A., Timber Products Co., Roseburg Forest Products Co., Weyerhaeuser, Medite Europe Ltd, Borg Manufacturing, Universal Woods Inc., Richwood Industries, Inc., Kronospan Limited, Duratex SA, Swiss Krono Group, Daiken Corporation, Dare Wood-Based Panels, Group Co., Ltd., and others. (20+ Companies profiled in the final report)

Prominent players in the market are focusing largely on mergers, acquisitions, partnerships, and new product development to gain a competitive edge and grab untapped market opportunities.

Transparent Wood Market Segmentation

Global Transparent Wood Market, by Application

• Load Bearing Windows
• Car Windscreens
• Curtain Walls
• Solar Cells Windows
• Solar Panels
• Electromagnetic Interference (EMI) Shielding
• Transparent Wood Lasers
• Elevators
• Others

Global Transparent Wood Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • South Korea
  • Japan
  • Australia
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
• South America
  • Brazil
  • Argentina