Roofing To Dominate Residential Wood Panel Market

Roofing accounted for nearly a third of residential wood panel demand in 2019 and is expected to remain the leading application through 2024, says research from the Freedonia Group. An increase in roofing renovation projects both to fix damaged roofs and to strengthen existing roofs will support demand gains. The majority of wood panel use in roofing applications is generated by roof sheathing and decking requirements, although some demand is also created through use in roof framing and roofing trim products. OSB (oriented strand board) is the dominant residential roofing wood panel product and is expected to increase its market share through 2024 at the expense of softwood plywood because of its superior durability and lower cost. OSB is expected to see increased use in many applications because of its high strength, durability, limited board imperfections, resistance to impact and fire, and good thermal and acoustic properties.