Reclaimed Lumber Market 2030: The Impact of Urbanization on Demand
Reclaimed Lumber Market Growth & Trends The global reclaimed lumber market size is expected to reach USD 78.16 billion by 2030 registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The global market is fueled by increasing awareness about the product among building material consumers and rising demand for green building materials. The global industry growth is also credited to the burgeoning demand for wood-based products in flooring, furniture, paneling & siding, and architectural millwork owing to their durability and aesthetics. The antique look and aesthetic appeal offered by these products are the major factors responsible for its high demand. Increased penetration of the product in the construction industry due to factors, such as its eco-friendly nature, availability of a wide range of products under LEED certifications, and rising adoption of green building construction materials, is expect...