Global Transparent Wood Market is valued approximately USD 88.4 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2022-2029. Transparent Wood is the new cutting-edge building materials, which is eco-friendly and a great replacement for glass and plastic in the manufacture of transparent packaging, auto windscreens, and biomedical devices. Additionally cost-effective, transparent wood is five times more energy-efficient than glass, reducing energy costs. It is made by treating and compressing strips of wood. Lignin is switched out for polymers during the production process to make the wood translucent. It is lighter, stronger than glass, and has the same strength of lumber. The increasing utilization of transparent wood in different applications and growing demand for engineering wood products are key factor driving the market growth.

The rising demand for engineering wood products is contributing towards the growth of the Global Transparent Wood market. For instance - according to Statista - in 2020, revenue of "veneer, plywood and engineered wood products in the United States was estimated at USD 22.99 billion, and the revenue of "veneer, plywood and engineered wood products is projected to grow to USD 29.98 billion by 2024. Also, growing advancements in construction sector and increasing adoption of sustainable building materials would create lucrative growth prospectus for the market over the forecast period. However, the high vulnerability of transparent wood to water damage stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Transparent Wood Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the dominance of branded products and leading market players as well as rising usage of transparent wood products in construction industry in the region. Whereas North America is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising usage of engineering wood products as well as growing adoption of sustainable building materials in the region.

Major market player included in this report are:

ABRO Industries Inc.

Cellutech AB

DEFY

Hoffmann Mineral GmbH

Holland Composites

InventWood

Nomaco

Preserva Products LTD.

Sayerlack

Wash Safe