As per the latest report by IMARC Group, titled “North America Laminated Veneer Lumber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the North America laminated veneer lumber market reached a volume of around 3 Million cubic meters in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.1% during 2021-2026. Laminated veneer lumber (LVL), also known as engineered lumber and parallel laminated veneer, is a high strength engineered wood product manufactured using veneers that are fabricated together under high heat and pressure using a weatherproof adhesive.