Thermally Modified Woods (TMT) Market is expected to grow at a CAGR of 5.4% through 2030F
The global Thermally Modified Woods
(TMT) Market is expected to be led by North America, driven by Enhanced
Performance & Aesthetic Appeal and Technological Advancements & Cost
Reduction during the forecast period 2026-2030F
According to TechSci Research
report, “Thermally Modified
Woods (TMT) Market - Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F, The Global Thermally Modified Woods (TMT)
Market was valued at USD 1.3 billion in 2024 and is expected to reach USD 1.8
billion by 2030 with a CAGR of 5.4% through 2030. One significant factor is the rising demand for durable and
low-maintenance materials in construction and landscaping. Thermally modified
wood offers enhanced resistance to decay, insects, and moisture—qualities that
reduce long-term maintenance costs, making it attractive for both residential
and commercial end users. Additionally, the aesthetic appeal of TMT, with its
rich color tones and improved texture, is gaining popularity among architects
and designers for high-end interior and exterior applications.
Technological
advancements in thermal modification processes have also made production more
efficient and scalable, enabling manufacturers to meet increasing demand across
regions. Furthermore, restrictions on the use of tropical hardwoods and
chemically treated timber—due to environmental and health concerns—are pushing
consumers and businesses toward thermally modified alternatives. The growing
popularity of DIY home improvement and outdoor living trends, especially in
developed countries, is further driving market growth. Export opportunities are
also increasing, with European and North American manufacturers finding new
markets in Asia, Latin America, and the Middle East. Together, these factors
are reinforcing the global appeal of thermally modified woods and expanding their
presence in diverse applications.
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Based on Type, Hardwoods segment
dominated the Thermally Modified Woods (TMT) Market in 2024 and maintain its
leadership throughout the forecast period, primarily due to its superior
durability, aesthetic appeal, and structural strength. Hardwoods such as ash,
oak, maple, and beech are widely preferred for thermal modification as they
respond well to high-heat treatment, resulting in enhanced performance
characteristics without the use of chemicals. Thermally modified hardwoods
exhibit improved resistance to moisture, fungi, and insects, making them an ideal
choice for both interior and exterior applications, including decking,
cladding, siding, flooring, and outdoor furniture.
The growing demand for premium,
long-lasting, and visually appealing building materials in residential,
commercial, and public infrastructure projects has significantly boosted the
use of thermally modified hardwoods. Architects and designers often choose
hardwoods for their natural grain, texture, and color richness, which remain
intact or even enhanced through thermal treatment. Moreover, hardwoods offer
better dimensional stability after modification compared to softwoods, which
makes them a more suitable choice for high-traffic or high-humidity areas where
performance and longevity are crucial.
In regions like North America and
Europe, where sustainability and performance are key priorities in
construction, thermally modified hardwoods are gaining widespread acceptance.
Additionally, as consumers and developers increasingly move away from chemically
treated wood and tropical hardwoods—due to environmental concerns and
regulatory pressure—the demand for thermally modified hardwoods is
accelerating. These products provide a sustainable, non-toxic alternative
without compromising on strength or aesthetic quality.
Manufacturers are also expanding their
hardwood product portfolios and investing in new kiln technologies to
accommodate increasing demand. Companies such as Thermory, Lunawood, and Arbor
Wood are actively promoting thermally modified hardwoods for various high-end
applications. Moreover, the hardwood segment benefits from higher price points
and profit margins, making it commercially attractive for producers in both
mature and emerging markets.
With environmental consciousness rising
globally, and as green building certifications continue to emphasize natural
and sustainable materials, the hardwood segment is expected to maintain its
dominant position in the TMT market. The combination of natural beauty,
enhanced durability, and sustainability credentials makes thermally modified
hardwoods a compelling choice for a broad range of end users. As the global
construction and renovation sectors continue to grow, especially in urban
areas, the role of hardwoods in thermally modified wood applications is set to
expand further, reinforcing their leadership in the market.
Asia Pacific is emerging as the
fastest-growing region for the Thermally Modified Woods (TMT) Market, driven by
a combination of rising construction activities, growing environmental
awareness, and increasing demand for sustainable building materials. Countries
such as China, India, Japan, and Southeast Asian nations are witnessing
significant urbanization and infrastructure development, which has led to a
surge in demand for high-performance wood products for residential, commercial,
and public construction projects. Thermally modified wood, known for its
enhanced durability, moisture resistance, and aesthetic appeal, is becoming an
attractive alternative to chemically treated wood and tropical hardwoods,
particularly in climate-sensitive regions across Asia.
Governments across the region are also
pushing for greener and more sustainable construction practices. Policies
promoting eco-friendly materials and energy-efficient buildings are encouraging
developers and architects to adopt thermally modified wood in various
applications such as decking, cladding, façades, and interiors. Additionally,
rising disposable incomes and a growing middle class are fueling demand for
premium home improvement materials, further driving TMT adoption.
Local and international manufacturers
are increasingly targeting the Asia Pacific market through partnerships,
capacity expansions, and product innovations tailored to regional preferences.
The availability of hardwood and softwood resources in certain areas also
supports localized production. As awareness about the long-term cost-efficiency
and environmental benefits of thermally modified woods continues to rise, the
Asia Pacific region is expected to witness strong double-digit growth in the
coming years, positioning it as a key growth engine for the global TMT market.
Key market players in the Thermally
Modified Woods (TMT) Market are: -
- Thermory AS
- Kebony AS
- Stora Enso Oyj
- Oy Lunawood Ltd
- Novawood (Novawood Thermowood San. Tic.
A.Ş.)
- M SORA d.d.
- Arxada AG (formerly Lonza Wood
Protection)
- Brimstone Woodfire Company
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“The global Thermally Modified Woods
(TMT) market presents significant growth opportunities driven by the rising
demand for eco-friendly and chemical-free construction materials. Increasing
adoption in green building projects, especially in developing economies, is
opening new avenues. Innovations in thermal treatment technology and expansion
into non-traditional applications like furniture and automotive interiors
further enhance market potential. Growing awareness of sustainability, along
with supportive government regulations and incentives, is encouraging builders
and architects to choose TMT over conventional wood. Additionally, emerging
markets in Asia Pacific and Latin America offer untapped potential due to rapid
urbanization and infrastructure development, boosting future demand for TMT
products.” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Thermally Modified Woods
(TMT) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Softwoods, Hardwoods), By Application (Residential,
Commercial, Industrial), By Region & Competition, 2020-2030F” has evaluated the future
growth potential of Thermally Modified Woods (TMT) Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Thermally Modified Woods (TMT) Market.
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