Global I-Joist Market Increasing Demand, Growth Analysis and Outlook 2018-2023

The global I-joist market has experienced a healthy growth over the past several years. This can be accredited to the low-cost and easy availability of raw materials coupled with the ability of I-joist to withstand heavy loads.

IMARC Group’s latest report, entitled “I-Joist Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global I-joist market reached a value of US$ 2.3 Billion in 2017, registering a CAGR of nearly 15% during 2010-2017. I-joist refers to a lightweight and strong I-shaped engineered wood product. It is made up of orientated web strand boards which are placed between the top and bottom laminated wood flanges to give them the distinct ‘I’ shape. These flanges, when united with the web, provide outstanding shear resistance and resist bending. Today, manufacturers prefer using I-joist made up of oriented strand board web material as it is stronger, cheaper and readily available than plywood. Moreover, it has replaced lumber-joists as they are more expensive and lack the adequate load-carrying ability required for longer spans.

I-joist can withstand heavy loads and offers improved strength, stiffness, appearance and performance than solid wood along with more consistent sizes. Additionally, I-joist resists shrinking and swelling under ambient conditions more efficiently. Apart from this, it consists of a thin layer of oriented strand board web that is easier to drill for plumbing, HVAC and electrical purposes.

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