Cross laminated timber market
Sustainable practices and regulatory support strengthen the lucrative market development of cross-laminated timber worldwide
What is the projected market size of the global cross-laminated timber market and what is its growth rate?
The cross-laminated timber market is booming thanks to green building, design flexibility and urbanization.
• 2024 market size: $1.6 billion
• 2025 Market Size: $1.91 Billion (19.9% CAGR)
• 2029 Market Size: $3.77 Billion (18.5% CAGR)
Market growth extends beyond construction solutions to include climate change concerns, contributing to increasing demand.
What is driving the growth of the cross laminated timber market?
The upswing in the construction sector is primarily driving the growth of the cross-laminated timber market. Wood has numerous uses in construction, from doors to railings, leading to the extensive use of cross-laminated timber. Construction Digital, a UK-based company, confirms that the UK construction industry is expected to record a growth rate of 12% in 2024 and subsequently an increase of 3% in 2025. Expanding the cross-laminated timber market.
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Who are the key players driving cross laminated timber market growth?
Notable companies serving the cross laminated timber market include:
• Maye-Melnhof Holz Holding AG
• Stora Enso Oyj
• Binderholz GmbH
• Eugen Decker Holzindustrie KG
• Schilliger Holz AG
• KLH Massivholz GmbH
• Structurlam Mass Timber Corporation
• XLam Limited
• Sterling Lumber
• B&K Structures Ltd.
What are the main trends in the cross-laminated timber market?
The key trends paving the path of market growth include:
• Sustainability and environmental benefits
• Improvements in CLT manufacturing practices
• Integration with Building Information Modeling (BIM)
• Application in hybrid building systems
• Development of industry-specific codes and standards
What are the segments of the global cross-laminated timber market?
The global cross-laminated timber market includes:
1) By type: glued, mechanically fastened
2) By Application: Residential, Institutional, Commercial, Other Applications
3) By End User: Structural, Non-Structural
Which region is leading the cross-laminated timber market?
Europe accounted for the largest share of the cross-laminated timber market in 2024, followed by Asia Pacific, which is expected to witness rapid growth during the forecast period. The market report covers Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa, among others.
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What is Covered in the Global Cross Laminated Timber Market Market Report?
– Market Size Analysis: Analyze the Cross Laminated Timber market size by key regions, countries, product types and applications.
– Market Segmentation Analysis: Identify various sub-segments within the Cross Laminated Timber market for effective categorization.
– Focus on Key Players: Focus on key players to define their market value, market share and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the market.
– Market Contribution: Evaluate the contribution of various segments to the overall growth of the cross laminated timber market.
– Growth Drivers: Detail key factors affecting market growth including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks impacting the Cross Laminated Timber market.
– Competitive Developments: Analyze competitive developments such as expansions, agreements and new product launches in the market.
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