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The worldwide market for thermally modified wood is expected to grow at approximately 3.0% annually over the next five years, to increase from a value of $328.5 million in 2019 to $380.6 million in 2024, according to a new study by Global Info Research.
Based on geography, the global thermally modified wood market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa.
Europe remains the primary market for thermally modified wood, “due to the expansion of construction and siding and decking industries in the region.” The heaviest increases in investment, however, are coming in Asia Pacific and Latin America.
