The global engineered wood market is estimated to reach $41,273 million by 2022, growing at a CAGR of 24.8 per cent from 2016–2022. North America and Europe, being the developed markets, account for nearly 70% of global engineered wood production, while still maintaining high CAGRs. According to a new report published by Allied Market Research, engineered wood demand is expected to remain high during the forecast period as it is an apt alternative to concrete and hardwood. Engineered wood products are widely used by architects, builders, code officials, and ...
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