A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Hardwood
Market. The
study, titled “Hardwood
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Hardwood
Market: Overview
Hardwood
is the timber obtained from dicot angiosperm trees. Most common dicot
angiosperm trees used for obtaining hardwood are ash, cherry, maple,
oak, birch, and poplar. A major difference between soft wood and hard
wood is the presence of pores or vessels of distinguished shapes &
sizes in the latter and the distinct structure of its cell wall.
Hardwood is observed to display a conspicuously wide variety of
characteristics, mainly due to the presence of different hardwood in
the market, each with its own distinctive features.
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Hardwood
is available in textures and colors of varying degrees depending on
the tree from which it has been obtained. The weight of hardwood also
differs based again on its source. For example, hardwood obtained
from the balsa tree is flexible and light, whereas that obtained from
mahogany is comparatively dense.
Hardwood
Market: Trends
In
recent times, hardwood has been used in a range of applications such
as furniture, decorative articles, building & construction, and
interior & outdoor structures. Its other uses include craft
material, firewood boilers, and decorative articles.
Hardwood
is extensively employed in flooring and furniture. It is not just a
useful material but also attractive in the aesthetic sense. Hardwood
is easy to maintain and does not require special measures to be kept
clean. Another positive aspect is its ability to retain heat and keep
a room insulated even in cold weather conditions.
The
increasing demand for wood flooring are important factors driving
this market. Its distinct properties make it a suitable material to
be used in furniture as well as flooring.
However,
the usage of hardwood in different applications is linked to a number
of environmental concerns. Hardwood is obtained from valuable species
of flora which are almost on the verge of extinction. The limited
availability of tress also leads to a surge in its price. The scope
of using hardwood flooring is limited only in dry areas of the house
such as living rooms and bed rooms. Since, hardwood is not
waterproof, it can’t be used in areas such as bathroom, basement or
kitchen.
Cheaper
alternatives for hardwood are being chosen these days, primarily due
to its low rate of availability and high cost. Keeping its benefits
in mind, the market is expected to experience moderate growth during
the forecast period as well as in the future, as wood floorings are
used exclusively in historic buildings and not on a domestic level.
Hardwood
Market: Region-wise Outlook
The
market for hardwood is flourishing in Asia Pacific, mainly due to the
need for wood flooring in China. North America is next in terms of
demand for hardwood-based furniture, which was considerably high in
Canada and the southern part of U.S., which boosted the overall
market in this region. The market here is in its developmental stage
and likely to expand further in the future as well.
The
development of the hardwood market is moderate in Europe and
anticipated to remain constant in the future as well. Among all of
its varieties, demand for oak was comparatively high in Europe.
Middle East & Africa exhibited considerable growth in its
requirement of hardwood furniture. The market is comparatively less
developed in Latin America mainly due to the limited demand for
hardwood products.
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Hardwood
Market: Key Players
Key
players operating in the market for hardwood include Appalachian
Hardwood Manufacturers Inc., Mullican Flooring, A & M Wood
Specialty, Armstrong Flooring, and Somerset Hardwood Flooring.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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