Global I-Joist Market Report 2022, Industry Overview, Growth Rate and Forecast 2027

According to IMARC Group latest published report, titled “I-Joist Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” that the global I-joist market size reached US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2027, exhibiting at a CAGR of 6.75% during2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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I-joist refers to a type of engineered wood product manufactured from laminated veneer and graded solid timber. The flanges and the web of the I-joist keep the whole structure in place, giving it a distinctive “I” shape. I-joist exhibits various advantages such as great strength in relation to its size and weight, and prevents problems that occur while using solid lumber as joists. It is relatively small in size; however, it has the capability of handling a large amount of pressure. In addition to this, I-joist does not bow, crown, twist, cup, check, or split compared to dimensional pieces of lumber. It also offers dimensional soundness and little to no shrinkage, which eliminates squeaky floors. As a result, it finds application in many modern construction activities, ranging from residential to industrial spaces.

I-Joist Industry Trends and Drivers:

The global I-joist market is primarily driven by the significantly growing construction and real estate sectors. I-joist finds application in wall studs, roof rafters, floor and roof frame installations to improve their aesthetic appearance and flexibility. It is also increasingly utilized in designing economical floor layouts as it is easy to install, consisting of a thin layer of wood that is easier to drill for plumbing, HVAC and electrical purposes, propelling the market growth.

Furthermore, manufacturers nowadays use I-joists as they are cheaper, stronger, and readily available, unlike plywood. Besides this, rapid urbanization, and the development of smart cities by governments of various countries and the rising renovation of residential spaces with easy-to-install and economical materials are also escalating the product demand.

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Report Segmentation:

The report has been segmented the market into following categories:

Market Breakup by Sector

Residential Commercial

Market Breakup by New Construction and Replacement

New Construction Replacement

Market Breakup by Application

Floors Roofs

Market Breakup by Region

Asia Pacific North America Europe Latin America Middle East and Africa I-Joist Market Report Scope Report Coverage Details Market size value in 2021 US$ 2.1 Billion Market forecast in 2027 US$ 3.1 Billion Growth Rate CAGR of 6.75% from 2022 to 2027 Base year for estimation 2021 Historical data 2016-2021 Forecast period 2022-2027

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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