Reclaimed Lumber Market
According to the MRFR analysis, the global Reclaimed Lumber Market is projected to reach a market value of over USD 70 billion by the end of 2027 at a CAGR of over 5%.
Reclaimed lumber is old timber that has been recovered and repurposed. It is high-quality “upcycled” wood taken from various sources such as factories, old barns, retired ships, warehouses, among others. Reclaimed lumber offers several advantages over virgin wood, for instance,is up to 40 points harder on the Janka hardness scale than virgin wood. In addition, reclaimed lumberprovides a vintage look, is long-lasting, and lends beautifully rustic character to any building, modern or traditional, commercial or private.
The prominent factor favoring the growth of the global market is the increasing demand for reclaimed lumbers in the building & construction industry, especially in commercial and residential constructions. As per MRFR analysis, the expenditure in the global construction industry was USD 11.2 trillion in 2019and is projected to rise at a healthy rate year-on-year, to reach USD over 14 trillion by the end of 2027. The expanding construction sector in the emerging economies of Asia-Pacific is likely to drive the market growth during the forecast period. The growing investments incommercial construction projectsin Southeast Asian economies such as Thailand, Indonesia, Malaysia, Myanmar, Singapore, and Vietnam is likely to favor the global market growth.
Get Free Sample Copy of Brochure @ https://www.marketresearchfuture.com/sample_request/10542
Moreover, the green building concepts are becoming increasingly widespread in the construction field, thus resulting inrise in examination of building materials for their environmental impact. Reusing building materials has a distinct advantage over using newly manufactured materials as these reclaimed materials avoid greenhouse gas emissions associated with new (virgin) material manufacturing. For instance, the total energy required to produce 1 m3 of wood flooring from virgin wood materials is about 13 times the energy required to use reclaimed flooring.
The furniture segment held the largest share of over 35% in the global market in 2019.
This segment held the second-largest share of the market, around 25%, in 2019.
Check Discount @ https://www.marketresearchfuture.com/check-discount/10542
By End Use
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.