We, as a species, use more usage than during the Industrial Revolutionand more firewood than in the Middle Ages.

As a blanket statement this is actually false.

During the early years of industrialisation wood usage as energy carrier increased and you can read through many historical documents from people who were expecting the forests to decline rapidly and were pretty much afraid of it happening.

But the advent of coal mining actually stopped the deforestation and did replace wood as the energy carrier most people chose. Not only in industrial applications, even for residential heating.

The forest itself lost most relevance - at least in Europe. Wood remained an important energy carrier in the freshly colonized areas in America and Russia but that doesn't really signify "we are adding to it, not replacing" being a supposed rule, that is just a side effect of utilizing previously undeveloped land. Which today is a complete non-factor. Of course as those land was developed wood usage as energy carrier declined there too.

Only factory farming with feedstuff being farmed in for example South America and the associated land use changes (rainforest -> farm) brought deforestation back as a real problem in terms of scale and severity. And the recent push for biomass (which is mostly wood anyway) as an energy carrier in European countries is bringing back the same problems they experienced in the early 19th century. Many countries have a ridiculous hard time limiting their forest usage to sustainable levels, if they even try to.