Global Glue Laminated Timber Market Size
The market for glue-laminated timber was valued at US$3.27 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 5.40% to reach US$5.46 billion by 2030.
Glue-laminated wood is one of the materials used in modern buildings. It is made using moisture-resistant adhesive to bind shorter lengths of wood together. Exceptional quality lumber bought straight from mills is needed to make glue-laminated timber. Glue laminated wood, or "glulam," is a versatile material that may be used for anything from straightforward beams to basic curved components. It comes in a variety of colors and sizes. It is well known for its durability as well as its alluring beauty. Glue laminated wood has many advantages, such as rapid construction, an extensive span length range, low density and good load carrying capacity, convenience of use with simple tools, and superior thermal insulation properties.