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 Research
Thermally Modified Wood Boards Industry Research Report 2026
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 quantifies the global Thermally Modified Wood Boards market in revenue (US$ million) and, where applicable, sales volume (m3), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/m3) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Thermally Modified Wood Boards.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Thermally Modified Wood Boards manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Thermally Modified Wood Boards by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Thermally Modified Wood Boards in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Thermally Modified Wood Boards by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Thermo-S
- 2.2.3 Thermo-D
- 2.3 Thermally Modified Wood Boards by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Commercial
- 2.3.3 Residential
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Thermally Modified Wood Boards Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Thermally Modified Wood Boards Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Thermally Modified Wood Boards Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Thermally Modified Wood Boards Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Thermally Modified Wood Boards Production by Manufacturers (2021-2026)
- 3.2 Global Thermally Modified Wood Boards Production Value by Manufacturers (2021-2026)
- 3.3 Global Thermally Modified Wood Boards Average Price by Manufacturers (2021-2026)
- 3.4 Global Thermally Modified Wood Boards Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Thermally Modified Wood Boards Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Thermally Modified Wood Boards Manufacturers, Product Type & Application
- 3.7 Global Thermally Modified Wood Boards Manufacturers Established Date
- 3.8 Global Thermally Modified Wood Boards Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Arbor Wood
- 4.1.1 Arbor Wood Thermally Modified Wood Boards Company Information
- 4.1.2 Arbor Wood Thermally Modified Wood Boards Business Overview
- 4.1.3 Arbor Wood Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Arbor Wood Product Portfolio
- 4.1.5 Arbor Wood Recent Developments
- 4.2 Oy Lunawood Ltd
- 4.2.1 Oy Lunawood Ltd Thermally Modified Wood Boards Company Information
- 4.2.2 Oy Lunawood Ltd Thermally Modified Wood Boards Business Overview
- 4.2.3 Oy Lunawood Ltd Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Oy Lunawood Ltd Product Portfolio
- 4.2.5 Oy Lunawood Ltd Recent Developments
- 4.3 Oy SWM-Wood Ltd
- 4.3.1 Oy SWM-Wood Ltd Thermally Modified Wood Boards Company Information
- 4.3.2 Oy SWM-Wood Ltd Thermally Modified Wood Boards Business Overview
- 4.3.3 Oy SWM-Wood Ltd Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Oy SWM-Wood Ltd Product Portfolio
- 4.3.5 Oy SWM-Wood Ltd Recent Developments
- 4.4 Stora Enso
- 4.4.1 Stora Enso Thermally Modified Wood Boards Company Information
- 4.4.2 Stora Enso Thermally Modified Wood Boards Business Overview
- 4.4.3 Stora Enso Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Stora Enso Product Portfolio
- 4.4.5 Stora Enso Recent Developments
- 4.5 Thermory AS
- 4.5.1 Thermory AS Thermally Modified Wood Boards Company Information
- 4.5.2 Thermory AS Thermally Modified Wood Boards Business Overview
- 4.5.3 Thermory AS Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Thermory AS Product Portfolio
- 4.5.5 Thermory AS Recent Developments
- 4.6 Cambia by NFP
- 4.6.1 Cambia by NFP Thermally Modified Wood Boards Company Information
- 4.6.2 Cambia by NFP Thermally Modified Wood Boards Business Overview
- 4.6.3 Cambia by NFP Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 Cambia by NFP Product Portfolio
- 4.6.5 Cambia by NFP Recent Developments
- 4.7 Timura Holzmanufaktur GmbH
- 4.7.1 Timura Holzmanufaktur GmbH Thermally Modified Wood Boards Company Information
- 4.7.2 Timura Holzmanufaktur GmbH Thermally Modified Wood Boards Business Overview
- 4.7.3 Timura Holzmanufaktur GmbH Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 Timura Holzmanufaktur GmbH Product Portfolio
- 4.7.5 Timura Holzmanufaktur GmbH Recent Developments
- 4.8 Novawood
- 4.8.1 Novawood Thermally Modified Wood Boards Company Information
- 4.8.2 Novawood Thermally Modified Wood Boards Business Overview
- 4.8.3 Novawood Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 Novawood Product Portfolio
- 4.8.5 Novawood Recent Developments
- 4.9 Kärävä Oy
- 4.9.1 Kärävä Oy Thermally Modified Wood Boards Company Information
- 4.9.2 Kärävä Oy Thermally Modified Wood Boards Business Overview
- 4.9.3 Kärävä Oy Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 Kärävä Oy Product Portfolio
- 4.9.5 Kärävä Oy Recent Developments
- 4.10 Thermoarena OÜ
- 4.10.1 Thermoarena OÜ Thermally Modified Wood Boards Company Information
- 4.10.2 Thermoarena OÜ Thermally Modified Wood Boards Business Overview
- 4.10.3 Thermoarena OÜ Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 Thermoarena OÜ Product Portfolio
- 4.10.5 Thermoarena OÜ Recent Developments
- 4.11 Bingaman & Son Lumber, Inc.
- 4.11.1 Bingaman & Son Lumber, Inc. Thermally Modified Wood Boards Company Information
- 4.11.2 Bingaman & Son Lumber, Inc. Thermally Modified Wood Boards Business Overview
- 4.11.3 Bingaman & Son Lumber, Inc. Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Bingaman & Son Lumber, Inc. Product Portfolio
- 4.11.5 Bingaman & Son Lumber, Inc. Recent Developments
- 4.12 AHC Hardwood Group
- 4.12.1 AHC Hardwood Group Thermally Modified Wood Boards Company Information
- 4.12.2 AHC Hardwood Group Thermally Modified Wood Boards Business Overview
- 4.12.3 AHC Hardwood Group Thermally Modified Wood Boards Production Capacity, Value and Gross Margin (2021-2026)
- 4.12.4 AHC Hardwood Group Product Portfolio
- 4.12.5 AHC Hardwood Group Recent Developments
5 Global Thermally Modified Wood Boards Production by Region
- 5.1 Global Thermally Modified Wood Boards Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Thermally Modified Wood Boards Production by Region: 2021-2032
- 5.2.1 Global Thermally Modified Wood Boards Production by Region: 2021-2026
- 5.2.2 Global Thermally Modified Wood Boards Production Forecast by Region (2027-2032)
- 5.3 Global Thermally Modified Wood Boards Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Thermally Modified Wood Boards Production Value by Region: 2021-2032
- 5.4.1 Global Thermally Modified Wood Boards Production Value by Region: 2021-2026
- 5.4.2 Global Thermally Modified Wood Boards Production Value Forecast by Region (2027-2032)
- 5.5 Global Thermally Modified Wood Boards Market Price Analysis by Region (2021-2026)
- 5.6 Global Thermally Modified Wood Boards Production and Value, YOY Growth
- 5.6.1 North America Thermally Modified Wood Boards Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Thermally Modified Wood Boards Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Thermally Modified Wood Boards Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Thermally Modified Wood Boards Production Value Estimates and Forecasts (2021-2032)
6 Global Thermally Modified Wood Boards Consumption by Region
- 6.1 Global Thermally Modified Wood Boards Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Thermally Modified Wood Boards Consumption by Region (2021-2032)
- 6.2.1 Global Thermally Modified Wood Boards Consumption by Region: 2021-2026
- 6.2.2 Global Thermally Modified Wood Boards Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Thermally Modified Wood Boards Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Thermally Modified Wood Boards Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Thermally Modified Wood Boards Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Thermally Modified Wood Boards Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Thermally Modified Wood Boards Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Thermally Modified Wood Boards Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Thermally Modified Wood Boards Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Thermally Modified Wood Boards Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Thermally Modified Wood Boards Production by Type (2021-2032)
- 7.1.1 Global Thermally Modified Wood Boards Production by Type (2021-2032) & (m3)
- 7.1.2 Global Thermally Modified Wood Boards Production Market Share by Type (2021-2032)
- 7.2 Global Thermally Modified Wood Boards Production Value by Type (2021-2032)
- 7.2.1 Global Thermally Modified Wood Boards Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Thermally Modified Wood Boards Production Value Market Share by Type (2021-2032)
- 7.3 Global Thermally Modified Wood Boards Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Thermally Modified Wood Boards Production by Application (2021-2032)
- 8.1.1 Global Thermally Modified Wood Boards Production by Application (2021-2032) & (m3)
- 8.1.2 Global Thermally Modified Wood Boards Production Market Share by Application (2021-2032)
- 8.2 Global Thermally Modified Wood Boards Production Value by Application (2021-2032)
- 8.2.1 Global Thermally Modified Wood Boards Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Thermally Modified Wood Boards Production Value Market Share by Application (2021-2032)
- 8.3 Global Thermally Modified Wood Boards Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Thermally Modified Wood Boards Value Chain Analysis
- 9.1.1 Thermally Modified Wood Boards Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Thermally Modified Wood Boards Production Mode & Process
- 9.2 Thermally Modified Wood Boards Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Thermally Modified Wood Boards Distributors
- 9.2.3 Thermally Modified Wood Boards Customers
10 Global Thermally Modified Wood Boards Analyzing Market Dynamics
- 10.1 Thermally Modified Wood Boards Industry Trends
- 10.2 Thermally Modified Wood Boards Industry Drivers
- 10.3 Thermally Modified Wood Boards Industry Opportunities and Challenges
- 10.4 Thermally Modified Wood Boards Industry Restraints
11 Report Conclusion
12 Disclaimer
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