The Global Thermally Modified Wood Market was valued at US$ 4325.7 Million in 2022 and is projected to reach US$ 5239.4 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period (2023–2029). This steady growth is primarily driven by the rising demand for eco-friendly and durable building materials in residential and commercial construction, coupled with increasing regulatory support for sustainable products and a global shift away from chemically treated wood.

As the construction industry accelerates its transition toward green building standards and low-environmental-impact materials, the focus intensifies on the pioneering companies that are advancing thermal modification technology. In this blog, we profile the Top 10 Companies in the Thermally Modified Wood Industry—a group of innovators and established players shaping the future of high-performance, sustainable wood products.

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🔟 1. Lunawood

Headquarters: Lahti, Finland
Key Offering: Thermally Modified Pine and Spruce (Luna ThermoWood®)

Lunawood is a globally recognized leader in the thermally modified wood industry, known for its high-quality Luna ThermoWood® products. The company utilizes a proprietary thermal modification process that enhances wood’s durability and dimensional stability without the use of chemicals, making it ideal for exterior cladding, decking, and interior design.

Sustainability & Innovation Initiatives:

• Carbon-negative lifecycle from sustainably managed Nordic forests

• Continuous R&D to improve thermal modification processes and product performance

• Global certification and compliance with major green building standards

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9️⃣ 2. Thermory

Headquarters: Tallinn, Estonia
Key Offering: Thermally Modified Ash, Aspen, Pine, and other species

Thermory is one of the largest producers of thermally modified wood in Europe, offering a wide range of species for decking, cladding, sauna interiors, and flooring. The company’s stringent quality control and large-scale production capabilities make it a key supplier for international projects.

Sustainability & Innovation Initiatives:

• Focus on sourcing wood from PEFC and FSC certified forests

• Investment in state-of-the-art production technology for consistent quality

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8️⃣ 3. Stora Enso

Headquarters: Helsinki, Finland
Key Offering: ThermoWood products for various architectural applications

As a global leader in the renewable materials sector, Stora Enso brings its vast experience in wood processing to the thermally modified wood market. The company leverages its sustainable forestry practices and large-scale manufacturing expertise to produce high-performance ThermoWood for demanding architectural uses.

Sustainability & Innovation Initiatives:

• Integration of thermal modification within a broader portfolio of sustainable wood products

• Commitment to 100% traceable and sustainable wood raw materials

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7️⃣ 4. Arbor Wood

Headquarters: Vääksy, Finland
Key Offering: Arbor Wood Thermo thermally modified wood

Arbor Wood specializes in the production of thermally modified timber, focusing on high-quality finishes for both interior and exterior applications. The company’s products are known for their exceptional stability and resistance to decay, serving markets across Europe and North America.

Sustainability & Innovation Initiatives:

• Utilization of the Thermowood® production method, a leading thermal modification technology

• Strong focus on customer-specific solutions and technical support

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6️⃣ 5. SWM-Wood

Headquarters: Kerkrade, Netherlands
Key Offering: Thermally modified wood for cladding, decking, and joinery

SWM-Wood is a prominent European supplier with a focus on innovation and quality. The company provides a diverse portfolio of thermally modified wood species, catering to architects, contractors, and distributors seeking reliable and aesthetically pleasing sustainable materials.

Sustainability & Innovation Initiatives:

• Active participation in industry consortia to advance thermal modification standards

• Development of value-added products with enhanced performance characteristics

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Thermally Modified Wood Market – View in Detailed Research Report

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5️⃣ 6. Cambia by NFP (Now part of Kebony)

Headquarters: Madison, Wisconsin, USA (Original)
Key Offering: Cambia® thermally modified wood

Cambia was a leading North American pioneer in thermal modification technology, known for its proprietary process that softens the wood’s lignin to create a stable, durable product. Its technology and assets have been integrated into Kebony, expanding its global reach and technological base.

Sustainability & Innovation Initiatives:

• Pioneered a unique thermal modification process using heat and steam

• Legacy of promoting thermally modified wood as a green alternative in the US market

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4️⃣ 7. Bingaman & Son Lumber, Inc.

Headquarters: Kreamer, Pennsylvania, USA
Key Offering: Thermally modified hardwood and softwood species

Bingaman & Son Lumber is a key player in the North American market, operating one of the largest thermal modification facilities in the region. The company processes locally sourced timber into high-value thermally modified products for decking, siding, and millwork.

Sustainability & Innovation Initiatives:

• Investment in large-scale thermal modification kilns to serve the growing US demand

• Commitment to sourcing timber from sustainably managed forests in the Northeastern US

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3️⃣ 8. Novawood

Headquarters: Moscow, Russia
Key Offering: Thermally modified wood products for the CIS and European markets

Novawood is a significant manufacturer in Eastern Europe, utilizing abundant local timber resources to produce thermally modified wood. The company supplies products for a variety of applications, leveraging cost-effective production to compete in international markets.

Sustainability & Innovation Initiatives:

• Focus on expanding market presence in Asia and the Middle East

• Adaptation of thermal modification processes for a wide range of native wood species

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2️⃣ 9. Karava

Headquarters: Parikkala, Finland
Key Offering: Karava Thermo modified wood

Karava specializes in the production of thermally modified timber, with a strong emphasis on quality and environmental responsibility. The company’s products are used in demanding architectural projects where longevity and aesthetic appeal are paramount.

Sustainability & Innovation Initiatives:

• Utilization of renewable energy sources in its production processes where feasible

• Certification of products according to international environmental standards

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1️⃣ 10. Thermoarena

Headquarters: Otepää, Estonia
Key Offering: Thermally modified wood for saunas, cladding, and decking

Thermoarena is a specialized producer with a strong focus on the sauna and wellness market, in addition to general construction applications. The company’s expertise in modifying wood for high-humidity environments makes it a preferred supplier for specific niche markets.

Sustainability & Innovation Initiatives:

• Expertise in producing wood for high-moisture applications like saunas

• Commitment to sustainable Estonian wood sources and efficient manufacturing

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Thermally Modified Wood Market – View in Detailed Research Report

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🌍 Outlook: The Future of Thermally Modified Wood Is Durable and Green

The thermally modified wood market is experiencing a significant transformation. While traditional pressure-treated lumber still holds a large market share, the industry is increasingly investing in eco-friendly alternatives that offer superior performance without toxic chemicals. Thermally modified wood is poised to capture a larger portion of the decking, siding, and interior finishing markets.

📈 Key Trends Shaping the Market:

• Rising demand for carbon-storing building materials in green construction

• Increasing stringency of regulations on chemical wood preservatives

• Growing consumer awareness and preference for natural, healthy building products

• Technological advancements leading to more efficient and controlled modification processes

Read Full Report:
Thermally Modified Wood Market – View in Detailed Research Report

The companies listed above are not only supplying sustainable materials—they are building the foundation for a more resilient and environmentally conscious built environment.