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Transparent Wood Market Trends

Report ID: GMI5096
Published Date: Nov 2024
Report Format: PDF

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Transparent Wood Market Trends

As green building practices and energy-efficient construction methods gain traction, the demand for transparent wood in architectural applications—like windows, skylights, and facades—is surging. The natural insulation properties of transparent wood, coupled with its energy consumption reduction capabilities, resonate with the increasing focus on sustainable building materials.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for transparent wood was reached USD 115 million in 2023 and is estimated to grow at a 7.3% CAGR from 2024 to 2032, driven by rising demand for sustainable and renewable materials.

The balsa wood segment recorded USD 50 million in 2023 and is expected to grow at a 7.6% CAGR by 2032, due to its lightweight and high porosity, which facilitate easier handling and efficient lignin extraction.

The building and construction segment held around 38% share of the transparent wood market in 2023 and is anticipated to grow at a 7.6% CAGR from 2024 to 2032, led by the industry's shift towards sustainable materials.

The U.S. transparent wood market surpassed USD 34 million in 2023 and is estimated to grow at a 7.7% CAGR from 2024 to 2032, supported by government regulations and incentives promoting sustainable building practices.

Key players in the industry include Aalto University, Alfa Aesar (Thermo Fisher Scientific), Gurit Holding AG, Oak Ridge National Laboratory (USA), Sappi Lanaken Mill (Sappi Group), Stora Enso, Sumitomo Forestry Co., Ltd., Tennessee Technological University, TreeTom (China), UFP Technologies, University of Maryland (USA), VTT Technical Research Centre of Finland,