According to IMARC Group’s latest report, titled “Cross-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the global market reached a volume of 1,853,437Cubic Metresin 2021. Cros- laminated timber (CLT) is pre-assembled, engineered wood lumber that is manufactured by stacking, adjoining, and bonding multilayer of solid-sawn lumber planks with glue. This, in turn, enhances the rigidity, dimensional stability, and mechanical properties of CLT. The adjacent layers are utilized as load-bearing parts for building frames as it exhibits structural strength, high load carrying capacity, corrosion resistance, fast installation, and better thermal and sound insulation properties. Apart from this, CLT offers better performance, on account of which it is extensively used as a substitute of steel, masonry, and steel.
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Global Cross Lamination Timber Market Trends:
The CLT market is being driven by the increasing investments in infrastructural projects and the growing need for lightweight, affordable and easily installable construction materials. This is further supported by the widespread product adoption in the residential sector due to the high adaptivity properties of CLT in flexible designs and modern architecture. Moreover, the rising environmental concerns have prompted governments of various countries to promote the uptake of eco-friendly building materials, such as CLT, for eliminating greenhouse gas (GHG) emissions, which is acting as another major growth-inducing factor. Looking forward, IMARC Group expects the global cross-laminated timber market to reach3,777,532Cubic Metresby 2027, exhibiting at a CAGR of 12.4% during 2022-2027.
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Competitive Landscape:
- Stora Enso
- KLH
- Binderholz
- Mayr Melnhof
- Hasslacher
- XLam Limited
- Sterling Lumber
- Shilliger Holz AG
- Eugen Decker Holzindustrie KG
- Structurlam
- SmartLam
- Meiken Lamwood Corp.
Market Segmentation:
Breakup by Application:
- Residential
- Educational Institutes
- Government/Public Buildings
- Commercial Spaces
Breakup by Product Type:
- Custom CLT
- Blank CLT
Breakup by Element Type:
- Wall Panels
- Flooring Panels
- Roofing Slabs
- Others
Breakup by Raw Material Type:
- Spruce
- Pine
- Fir
- Others
Breakup by Bonding Method:
- Adhesively Bonded
- Mechanically Fastened
Breakup by Panel Layers:
- 3-Ply
- 5-Ply
- 7-Ply
- Others
Breakup by Adhesive Type:
- PUR (Polyurethane)
- PRF (Phenol Resorcinol Formaldehyde)
- MUF (Melamine-Urea-Formaldehyde)
- Others
Breakup by Press Type:
- Hydraulic Press
- Vacuum Press
- Pneumatic Press
- Others
Breakup by Storey Class:
- Low-Rise Buildings (1-4 Storeys)
- Mid-Rise Buildings (5-10 Storeys)
- High-Rise Buildings (More than 10 Storeys)
Breakup by Application Type:
- Structural Applications
- Non-Structural Applications
Breakup by Region:
- Europe
- Austria
- Germany
- Italy
- Switzerland
- Czech Republic
- Spain
- Norway
- Sweden
- United Kingdom
- North America
- United States
- Canada
- Asia-Pacific
- Australia
- New Zealand
- Japan
- China
- Taiwan
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
