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Showing posts with the label Reclaimed Lumber Industry

Reclaimed Lumber Market - Forecast(2021 - 2026)

Reclaimed lumber market size is forecast to reach $16.2 billion by 2026, after growing at a CAGR of 4.6% during 2021-2026. Reclaimed lumber is recycled wood, retrieved from its original application for purposes of subsequent use such as Wine barrels, wood mantels in homes and others. Additionally, reclaimed wood can been taken from various sources such as Factories, Old barns, stock farms with other places. So, with the increase in use of refurnished woods the demand for reclaimed lumber industry is expected to drive. In addition, with rise in construction of wooded houses, specially in cold places, the reclaimed lumber market is expected to lead. Whereas government initiatives towards housing will enhance the overall market demand for reclaimed lumber market. COVID-19 Impact The worldwide crisis of COVID-19 has declined the construction industry as many of the ongoing infrastructure projects are either post-ponded or cancelled which has led to a millions and billions of losses. The I...