Summary

The engineered wood market in Argentina has been a dynamic and evolving sector within the country's construction and woodworking industries. Argentina, endowed with rich forestry resources, has witnessed a growing interest in engineered wood products due to their versatility, sustainability, and adaptability to diverse construction applications. Engineered wood, including products such as laminated timber, particleboard, and medium-density fiberboard (MDF), has become integral to the architectural landscape in Argentina. The market's expansion can be attributed to factors such as increased awareness of sustainable construction practices, the versatility of engineered wood in various applications, and a response to global trends favouring eco-friendly building materials. Argentina's engineered wood market is shaped not only by domestic construction needs but also by a desire to align with international standards for environmentally responsible and innovative building practices. The adoption of engineered wood in Argentina reflects a balance between the country's rich tradition of woodworking and its commitment to modern, sustainable construction methods. As consumers and industries prioritise sustainable practices, there is a growing preference for building materials with low environmental impact. Engineered wood, with its sustainable sourcing and manufacturing processes, meets this demand in the Argentine market.

According to the research report "Argentina Engineered Wood Market Overview, 2029," published by Bonafide Research, the Argentina Engineered Wood market was valued at more than USD 2 Billion in 2023. The engineered wood market in Argentina has seen an increasing emphasis on sustainability. With a rising awareness of environmental concerns, engineered wood, often sourced from responsibly managed forests and utilising recycled materials, aligns with the country's commitment to sustainable construction practices. Argentina's construction industry has embraced modern construction techniques, and engineered wood plays a key role in this shift. Techniques such as prefabrication and modular construction, where engineered wood components excel, contribute to efficient and timely construction practices. Government policies that promote sustainable forestry practices and eco-friendly construction methods contribute to the growth of the engineered wood market. Supportive regulations and incentives encourage the adoption of these materials in construction projects. Ongoing technological advancements in the production of engineered wood contribute to improved product quality and performance. Advanced manufacturing processes and technologies enhance the appeal of engineered wood on the market. In regions prone to seismic activity, the seismic resilience of certain engineered wood products, such as laminated timber and cross-laminated timber (CLT), can drive their adoption. These materials offer structural strength and flexibility in seismic conditions.

Based on the product types, which are segmented into plywood, medium-density fiberboard, and oriented strand boards (OSB), particle boards, and others, plywood leads the market. Plywood has been a traditional and widely used engineered wood product in construction and woodworking. Its familiarity and long-standing use in various applications contribute to its continued prominence in the market. Plywood often meets regulatory standards and certifications for construction materials. Compliance with safety and quality regulations may contribute to its widespread use in building projects. According to the report, the end users are segmented into residential and commercial markets. In Argentina, commercial is the growing engineered wood market. Engineered wood is well-suited for prefabrication and modular construction methods, which are gaining popularity in the commercial sector. Prefabricated components can be manufactured off-site, leading to faster construction timelines and reduced on-site disruption. The commercial sector in Argentina is influenced by global market trends and innovations. The adoption of engineered wood in commercial construction aligns with international best practices and preferences. Government initiatives that support sustainable and innovative construction practices contribute to the use of engineered wood in the commercial sector. Regulations and incentives that encourage the use of environmentally friendly building materials further drive adoption.

In terms of the applications of construction, furniture, flooring, packaging, and others, among them, furniture is a growing market. Argentina's abundant forestry resources provide a ready supply of raw materials for engineered wood production. This availability ensures a stable supply chain for furniture manufacturers relying on engineered wood products. Ongoing advancements in manufacturing technologies contribute to the improved quality and efficiency of engineered wood production. Modern production processes enhance the performance and aesthetic qualities of engineered wood used in furniture. The use of engineered wood in furniture design aligns with global trends. Furniture designers often draw inspiration from international design trends, and the versatility of engineered wood allows for the creation of modern and contemporary furniture styles. Increased awareness within the furniture industry regarding the benefits of engineered wood, coupled with educational initiatives and training programmes, can influence the preference for engineered wood materials among furniture manufacturers.

Considered in this report:
• Geography: Argentina
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• Argentina Engineered Wood market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Types
• Plywood
• Medium Density Fiberboard
• Oriented Strand Boards (OSB)
• Particle Board
• Others

By Application:
• Construction
• Furniture
• Flooring
• Packaging
• Others

By End User:
• Residential
• Commercial & Industrial

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Engineered Wood, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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