APO RESEARCH · REPORT
Thermally Modified Wood Boards
Thermally Modified Wood is referring to a wood which is modified by a controlled pyrolysis process. In this process, the wood is heated up to 180°Celcius, in the absence of oxygen. This process helps the chemical to change its cell structure of cell wall components in the wood in order to increase its durability. During this process, the low oxygen content prevents the wood from burning even at the high temperature. There are five thermal modification processes: Thermowood, Retification Process, Les Bois Perdure, Plato Process, and Oil Heat Treatment.
Product & engineering
Understand the product.
Thermally Modified Wood is referring to a wood which is modified by a controlled pyrolysis process. In this process, the wood is heated up to 180°Celcius, in the absence of oxygen. This process helps the chemical to change its cell structure of cell wall components in the wood in order to increase its durability. During this process, the low oxygen content prevents the wood from burning even at the high temperature. There are five thermal modification processes: Thermowood, Retification Process, Les Bois Perdure, Plato Process, and Oil Heat Treatment.
Thermal modification uses heat to remove organic compounds from the wood cells, so it will not absorb water, expand, contract, or provide nourishment for insects or fungi. The high heat produces a naturally durable wood that is permanently resistant to water, insects, and decay. Because the wood is not absorbing chemicals to be treated, but rather removing moisture, the wood is lightweight.
Thermally modified lumber is also more dimensionally stable because it is less susceptible to cupping and warping. The wood has increased heat resistance and weather resistance as well. When properly maintained, it will not chip, rot, or warp over the years. Many products offered in this category are rated for 20 or 25 years of exterior use.
This thermally modified wood is eco-friendly since harsh chemicals are never used in the development of this product. Unlike pressure-treated lumber, it will not corrode metals. As previously mentioned, it is also dimensionally stable with incredible durability.
Since thermally modified wood does not absorb or hold moisture as it would prior to treatment, species that typically do not perform well in outdoor or wet environments can now be used in a variety of applications, such as decking, siding, or flooring. It can also be used in environments that are less stable in moisture content, such as basements (with proper sub-flooring).
Selected research
Industry Growth & Trends
Global Thermally Modified Wood Boards Industry Growth and Trends Forecast to 2032
Market perspective
Thermally Modified Wood is referring to a wood which is modified by a controlled pyrolysis process. In this process, the wood is heated up to 180°Celcius, in the absence of oxygen. This process helps the chemical to change its cell structure of cell wall components in the wood in order to increase its durability. During this process, the low oxygen content prevents the wood from burning even at the high temperature. There are five thermal modification processes: Thermowood, Retification Process, Les Bois Perdure, Plato Process, and Oil Heat Treatment.
Thermal modification uses heat to remove organic compounds from the wood cells, so it will not absorb water, expand, contract, or provide nourishment for insects or fungi. The high heat produces a naturally durable wood that is permanently resistant to water, insects, and decay. Because the wood is not absorbing chemicals to be treated, but rather removing moisture, the wood is lightweight.
Thermally modified lumber is also more dimensionally stable because it is less susceptible to cupping and warping. The wood has increased heat resistance and weather resistance as well. When properly maintained, it will not chip, rot, or warp over the years. Many products offered in this category are rated for 20 or 25 years of exterior use.
Read the full market overview
This thermally modified wood is eco-friendly since harsh chemicals are never used in the development of this product. Unlike pressure-treated lumber, it will not corrode metals. As previously mentioned, it is also dimensionally stable with incredible durability.
Since thermally modified wood does not absorb or hold moisture as it would prior to treatment, species that typically do not perform well in outdoor or wet environments can now be used in a variety of applications, such as decking, siding, or flooring. It can also be used in environments that are less stable in moisture content, such as basements (with proper sub-flooring).
Currently, there are many players in the market of Thermally Modified Wood, Stora Enso, Thermory AS, Oy Lunawood Ltd, Oy SWM-Wood Ltd and Thermoarena OÜ are playing important roles in Thermally Modified Wood Boards industry. Top three players took 44% market value share in 2019, the market is not so concentrated for now and is seeing to be more dispersed.
Report Scope
This report provides a structured, data-driven view of the global Thermally Modified Wood Boards market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Thermally Modified Wood Boards market size, estimates, and forecasts are presented in terms of sales volume (m3) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Thermally Modified Wood Boards market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Thermally Modified Wood Boards.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Thermally Modified Wood Boards market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Thermally Modified Wood Boards Market by Company
Arbor Wood
Oy Lunawood Ltd
Oy SWM-Wood Ltd
Stora Enso
Thermory AS
Cambia by NFP
Timura Holzmanufaktur GmbH
Novawood
Kärävä Oy
Thermoarena OÜ
Bingaman & Son Lumber, Inc.
AHC Hardwood Group
Thermally Modified Wood Boards Segment by Type
Thermo-S
Thermo-D
Thermally Modified Wood Boards Segment by Application
Commercial
Residential
Thermally Modified Wood Boards Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Thermally Modified Wood Boards market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Thermally Modified Wood Boards and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Thermally Modified Wood Boards.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Thermally Modified Wood Boards manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Thermally Modified Wood Boards in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Thermo-S
- Thermo-D
Applications
- Commercial
- Residential
Companies covered
- Arbor Wood
- Oy Lunawood Ltd
- Oy SWM-Wood Ltd
- Stora Enso
- Thermory AS
- Cambia by NFP
- Timura Holzmanufaktur GmbH
- Novawood
- Kärävä Oy
- Thermoarena OÜ
- Bingaman & Son Lumber, Inc.
- AHC Hardwood Group
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Thermally Modified Wood Boards Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Thermally Modified Wood Boards Sales Estimates and Forecasts (2021-2032)
- 1.3 Thermally Modified Wood Boards Market by Type
- 1.3.1 Thermo-S
- 1.3.2 Thermo-D
- 1.4 Global Thermally Modified Wood Boards Market Size by Type
- 1.4.1 Global Thermally Modified Wood Boards Market Size Overview by Type (2021-2032)
- 1.4.2 Global Thermally Modified Wood Boards Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Thermally Modified Wood Boards Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Thermally Modified Wood Boards Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Thermally Modified Wood Boards Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Thermally Modified Wood Boards Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Thermally Modified Wood Boards Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Thermally Modified Wood Boards Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Thermally Modified Wood Boards Industry Trends
- 2.2 Thermally Modified Wood Boards Industry Drivers
- 2.3 Thermally Modified Wood Boards Industry Opportunities and Challenges
- 2.4 Thermally Modified Wood Boards Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Thermally Modified Wood Boards Revenue (2021-2026)
- 3.2 Global Top Players by Thermally Modified Wood Boards Sales (2021-2026)
- 3.3 Global Top Players by Thermally Modified Wood Boards Price (2021-2026)
- 3.4 Global Thermally Modified Wood Boards Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Thermally Modified Wood Boards Major Company Production Sites & Headquarters
- 3.6 Global Thermally Modified Wood Boards Company, Product Type & Application
- 3.7 Global Thermally Modified Wood Boards Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Thermally Modified Wood Boards Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Thermally Modified Wood Boards Players Market Share by Revenue in 2025
- 3.8.3 2025 Thermally Modified Wood Boards Tier 1, Tier 2, and Tier 3
4 Thermally Modified Wood Boards Regional Status and Outlook
- 4.1 Global Thermally Modified Wood Boards Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Thermally Modified Wood Boards Historic Market Size by Region
- 4.2.1 Global Thermally Modified Wood Boards Sales in Volume by Region (2021-2026)
- 4.2.2 Global Thermally Modified Wood Boards Sales in Value by Region (2021-2026)
- 4.2.3 Global Thermally Modified Wood Boards Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Thermally Modified Wood Boards Forecasted Market Size by Region
- 4.3.1 Global Thermally Modified Wood Boards Sales in Volume by Region (2027-2032)
- 4.3.2 Global Thermally Modified Wood Boards Sales in Value by Region (2027-2032)
- 4.3.3 Global Thermally Modified Wood Boards Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Thermally Modified Wood Boards by Application
- 5.1 Thermally Modified Wood Boards Market by Application
- 5.1.1 Commercial
- 5.1.2 Residential
- 5.2 Global Thermally Modified Wood Boards Market Size by Application
- 5.2.1 Global Thermally Modified Wood Boards Market Size Overview by Application (2021-2032)
- 5.2.2 Global Thermally Modified Wood Boards Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Thermally Modified Wood Boards Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Thermally Modified Wood Boards Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Thermally Modified Wood Boards Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Thermally Modified Wood Boards Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Thermally Modified Wood Boards Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Thermally Modified Wood Boards Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Arbor Wood
- 6.1.1 Arbor Wood Company Information
- 6.1.2 Arbor Wood Business Overview
- 6.1.3 Arbor Wood Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Arbor Wood Thermally Modified Wood Boards Product Portfolio
- 6.1.5 Arbor Wood Recent Developments
- 6.2 Oy Lunawood Ltd
- 6.2.1 Oy Lunawood Ltd Company Information
- 6.2.2 Oy Lunawood Ltd Business Overview
- 6.2.3 Oy Lunawood Ltd Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Oy Lunawood Ltd Thermally Modified Wood Boards Product Portfolio
- 6.2.5 Oy Lunawood Ltd Recent Developments
- 6.3 Oy SWM-Wood Ltd
- 6.3.1 Oy SWM-Wood Ltd Company Information
- 6.3.2 Oy SWM-Wood Ltd Business Overview
- 6.3.3 Oy SWM-Wood Ltd Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Oy SWM-Wood Ltd Thermally Modified Wood Boards Product Portfolio
- 6.3.5 Oy SWM-Wood Ltd Recent Developments
- 6.4 Stora Enso
- 6.4.1 Stora Enso Company Information
- 6.4.2 Stora Enso Business Overview
- 6.4.3 Stora Enso Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Stora Enso Thermally Modified Wood Boards Product Portfolio
- 6.4.5 Stora Enso Recent Developments
- 6.5 Thermory AS
- 6.5.1 Thermory AS Company Information
- 6.5.2 Thermory AS Business Overview
- 6.5.3 Thermory AS Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Thermory AS Thermally Modified Wood Boards Product Portfolio
- 6.5.5 Thermory AS Recent Developments
- 6.6 Cambia by NFP
- 6.6.1 Cambia by NFP Company Information
- 6.6.2 Cambia by NFP Business Overview
- 6.6.3 Cambia by NFP Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Cambia by NFP Thermally Modified Wood Boards Product Portfolio
- 6.6.5 Cambia by NFP Recent Developments
- 6.7 Timura Holzmanufaktur GmbH
- 6.7.1 Timura Holzmanufaktur GmbH Company Information
- 6.7.2 Timura Holzmanufaktur GmbH Business Overview
- 6.7.3 Timura Holzmanufaktur GmbH Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Timura Holzmanufaktur GmbH Thermally Modified Wood Boards Product Portfolio
- 6.7.5 Timura Holzmanufaktur GmbH Recent Developments
- 6.8 Novawood
- 6.8.1 Novawood Company Information
- 6.8.2 Novawood Business Overview
- 6.8.3 Novawood Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Novawood Thermally Modified Wood Boards Product Portfolio
- 6.8.5 Novawood Recent Developments
- 6.9 Kärävä Oy
- 6.9.1 Kärävä Oy Company Information
- 6.9.2 Kärävä Oy Business Overview
- 6.9.3 Kärävä Oy Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Kärävä Oy Thermally Modified Wood Boards Product Portfolio
- 6.9.5 Kärävä Oy Recent Developments
- 6.10 Thermoarena OÜ
- 6.10.1 Thermoarena OÜ Company Information
- 6.10.2 Thermoarena OÜ Business Overview
- 6.10.3 Thermoarena OÜ Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Thermoarena OÜ Thermally Modified Wood Boards Product Portfolio
- 6.10.5 Thermoarena OÜ Recent Developments
- 6.11 Bingaman & Son Lumber, Inc.
- 6.11.1 Bingaman & Son Lumber, Inc. Company Information
- 6.11.2 Bingaman & Son Lumber, Inc. Business Overview
- 6.11.3 Bingaman & Son Lumber, Inc. Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Bingaman & Son Lumber, Inc. Thermally Modified Wood Boards Product Portfolio
- 6.11.5 Bingaman & Son Lumber, Inc. Recent Developments
- 6.12 AHC Hardwood Group
- 6.12.1 AHC Hardwood Group Company Information
- 6.12.2 AHC Hardwood Group Business Overview
- 6.12.3 AHC Hardwood Group Thermally Modified Wood Boards Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 AHC Hardwood Group Thermally Modified Wood Boards Product Portfolio
- 6.12.5 AHC Hardwood Group Recent Developments
7 North America by Country
- 7.1 North America Thermally Modified Wood Boards Sales by Country
- 7.1.1 North America Thermally Modified Wood Boards Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Thermally Modified Wood Boards Sales by Country (2021-2026)
- 7.1.3 North America Thermally Modified Wood Boards Sales Forecast by Country (2027-2032)
- 7.2 North America Thermally Modified Wood Boards Market Size by Country
- 7.2.1 North America Thermally Modified Wood Boards Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Thermally Modified Wood Boards Market Size by Country (2021-2026)
- 7.2.3 North America Thermally Modified Wood Boards Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Thermally Modified Wood Boards Sales by Country
- 8.1.1 Europe Thermally Modified Wood Boards Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Thermally Modified Wood Boards Sales by Country (2021-2026)
- 8.1.3 Europe Thermally Modified Wood Boards Sales Forecast by Country (2027-2032)
- 8.2 Europe Thermally Modified Wood Boards Market Size by Country
- 8.2.1 Europe Thermally Modified Wood Boards Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Thermally Modified Wood Boards Market Size by Country (2021-2026)
- 8.2.3 Europe Thermally Modified Wood Boards Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Thermally Modified Wood Boards Sales by Country
- 9.1.1 Asia-Pacific Thermally Modified Wood Boards Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Thermally Modified Wood Boards Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Thermally Modified Wood Boards Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Thermally Modified Wood Boards Market Size by Country
- 9.2.1 Asia-Pacific Thermally Modified Wood Boards Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Thermally Modified Wood Boards Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Thermally Modified Wood Boards Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Thermally Modified Wood Boards Sales by Country
- 10.1.1 South America Thermally Modified Wood Boards Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Thermally Modified Wood Boards Sales by Country (2021-2026)
- 10.1.3 South America Thermally Modified Wood Boards Sales Forecast by Country (2027-2032)
- 10.2 South America Thermally Modified Wood Boards Market Size by Country
- 10.2.1 South America Thermally Modified Wood Boards Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Thermally Modified Wood Boards Market Size by Country (2021-2026)
- 10.2.3 South America Thermally Modified Wood Boards Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Thermally Modified Wood Boards Sales by Country
- 11.1.1 Middle East and Africa Thermally Modified Wood Boards Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Thermally Modified Wood Boards Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Thermally Modified Wood Boards Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Thermally Modified Wood Boards Market Size by Country
- 11.2.1 Middle East and Africa Thermally Modified Wood Boards Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Thermally Modified Wood Boards Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Thermally Modified Wood Boards Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Thermally Modified Wood Boards Value Chain Analysis
- 12.1.1 Thermally Modified Wood Boards Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Thermally Modified Wood Boards Production Mode & Process
- 12.2 Thermally Modified Wood Boards Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Thermally Modified Wood Boards Distributors
- 12.2.3 Thermally Modified Wood Boards Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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