Global Cross Laminated Timber Market Overview
Cross-laminated timber (CLT) is a wood panel product made from gluing layers of solid-sawn lumber together. Each layer of boards is leaning perpendicular to neighboring layers and pasted on wide faces of each board, usually in a symmetric way so that the outer layers have the same orientation. An odd number of layers is most common, but there are arrangements with even numbers as well.
Global Cross Laminated Timber Market Dynamics
Rapid urbanization, dimensional stability, performance durability, increase in demand for green buildings, and various other features are some of the major factors driving growth of the global cross laminated timber market. Hence, the applications of cross laminated timber products for the construction of high-rise buildings are rising. Also, the manufacturers follow expansion strategy in order to strengthen their position in the market. Hence, the global cross laminated timber market is expected to witness great opportunities over the forecast period. However, the growth of the market might be hindered by the strict government regulations regarding carbon emissions and high production costs and capital investments.
Global Cross Laminated Timber Market Segmentation
The global cross laminated timber market has been segmented on the basis of type, application, and region On the basis of type, the market is segmented into adhesive-bonded CLT and mechanically fastened CLT. Adhesive-bonded CLT accounted for the larger market share hence, expected to witness high growth rate over the forecast period. This is qualified to its features, such as dimensional constancy and cost-effectiveness, making the adhesive-bonded CLT preferred over the mechanically fastened CLT, among manufacturers. On the basis of application, the market is segmented as residential, commercial, and industrial. The residential segment holds the largest market share in past, which is continuing doing so. The segment is also projected to witness the maximum growth rate in the market due to the rising demand for roofing, cladding, flooring, and ceiling construction activities. The commercial application segment is likely to grow during the forecast period, as these products are mainly used for manufacturing durable interior decoration items. They are more durable and lighter in weight as compared to traditional products, such as steel and concrete.
Regional Insights:
On the basis of region, the global cross laminated timber market has been segmented into North America, Europe, Asia Pacific, Latin America & Africa.
Europe is attributed to the increase in the number of cross laminated timber construction projects, coupled with subsequent growth of public and private sector investments in infrastructural construction projects in the region. North America region accounted for the second largest market, which is anticipated to exhibit sustainable growth rate over the forecast period. Asia-Pacific region is anticipated to witness maximum growth rate due to the booming construction industry in the residential, commercial, and industrial sector is expected to contribute to the target market.
Global Cross Laminated Timber Market Key Players
Key players contributing to the global cross limited timbre market are Stora Enso Oyj, KLH Massivholz GmbH, Binderholz Bausysteme GmbH, Mayr-Melnhof Holz Holding AG, HASSLACHER Holding GmbH, Structurlam Mass Timber Corporation, Ed. Züblin AG, Eugen Decker Holzindustrie KG, Sterling Lumber Company, and W. U. J. Derix GmbH & Co.
Global Cross Laminated Timber Market Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Cross Laminated Timber Market, By Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Adhesive-bonded CLT
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Mechanically Fastened CLT
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Cross Laminated Timber Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Residential
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Commercial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Industrial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Cross Laminated Timber Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Stora Enso Oyj,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- KLH Massivholz GmbH,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Binderholz Bausysteme GmbH,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mayr-Melnhof Holz Holding AG,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HASSLACHER Holding GmbH,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Structurlam Mass Timber Corporation,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ed. Züblin AG,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eugen Decker Holzindustrie KG,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sterling Lumber Company,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- W. U. J. Derix GmbH & Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Cross Laminated Timber market is segmented into basis of type, application, and region.
Rapid urbanization, dimensional stability, performance durability, increase in demand for green buildings, and various other features are some of the major factors driving growth of the global cross laminated timber market.
By region, Europe dominated the cross laminated timber market over the forecast period.
The Key players operating in the global Cross Laminated Timber market include Stora Enso Oyj, KLH Massivholz GmbH, Binderholz Bausysteme GmbH, Mayr-Melnhof Holz Holding AG, HASSLACHER Holding GmbH, Structurlam Mass Timber Corporation, Ed. Züblin AG, Eugen Decker Holzindustrie KG, Sterling Lumber Company, and W. U. J. Derix GmbH & Co.