According to Bayat, M.

(2023), engineering wood, sometimes referred to as manufactured wood or

composite wood, is a sustainable and adaptable material that is becoming increasingly popular in a wide
range of engineering applications. It is created by using adhesives that bond layers of veneers, fibres, or
wood strands to create a strong and durable substance. Because of this manufacturing method,
engineered wood has certain qualities that set it apart from regular solid wood and make it more
sustainable and adaptable. The engineered wood products market is expected to grow by USD 6.349
billion at a compound annual growth rate (CAGR) of 6.8% between 2022 and 2027, according to the
Engineered Wood Products Market Analysis Forecast 2023–2027. The market is expanding significantly,
driven mostly by a rise in both residential and commercial buildings. Although engineered wood is
becoming more and more popular due to its better features than solid wood and its popularity as a
flooring option, there are several issues that homeowners should be aware of. This include the
engineered wood cost in the market.

Furthermore, there are a number of factors that affect engineered wood costs. First off, the
wood fibres and adhesives supplies that go into making these panels are not inexpensive. Second, the
production of engineered wood panels is a labor intensive process that calls for specialized equipment
and expert workers. After being combined, the wood fibres and adhesives are squeezed under intense
pressure and heated to cure them. The precision and skill required for this procedure raises the overall
cost of production. The demand for engineered wood panels is another element driving up their cost.
The need for these panels has grown as the building sector expands and more individuals learn about
the advantages of utilizing them. Due to the high cost demand of commercial engineered wood panels,
can most people's pockets still afford it?

LINKS:

https://www.intechopen.com/chapters/87797

https://www.technavio.com/report/engineered-wood-products-market-industry-analysis