Reclaimed Lumber Market Growth Statistics, Global Trend, Industry Size, Share, Emerging Technology and Forecast
Market Overview The Reclaimed Lumber Market Size is expected to register a CAGR of about 5% during the forecast period. Reclaimed lumber is milled timber that has been recovered after its successful installation in structures (such as old barns, mills, and dormitories) for use in new applications. Smaller structures, such as wood packaging, ancient homes, railcars, and pallets, are also being reclaimed in growing quantities. Reclaimed lumber reduces tropical forest disturbance by minimizing the usage of new wood, reduces waste disposal, and has a higher energy density than new lumber manufacturing. The building and construction sector’s increased demand for reclaimed timber and commodities derived from reclaimed lumber is a primary driver of the Reclaimed Lumber Market’s growth. The global COVID-19 problem has impacted the construction industry, since various existing construction projects have been postponed or canceled, resulting in costs in the millions and billions of dollars...