Market Overview:
The global cross-laminated timber (CLT) market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for green building materials and the growing awareness about the benefits of using CLT over traditional construction methods. The global CLT market is segmented on the basis of type, application, and region. On the basis of type, it is divided into adhesive-bonded CLT and mechanically fastened CLT. Adhesive-bonded CLTs are held together by adhesives while mechanically fastened ones are held together by screws or nails. On the basis of application, it is classified into residential building, commercial building, institutional building, and industrial facility segments. Geographically, it is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China Japan India Australia New Zealand South Korea Thailand Vietnam Philippines Indonesia Malaysia Singapore), Middle East & Africa(South Africa Saudi Arabia UAE Qatar Bahrain Kuwait Oman).
Product Definition:
Cross-Laminated Timber is a building material created by stacking lumber layers in opposite directions. The result is a product that is stronger, more stable and better insulated than traditional lumber. Cross-Laminated Timber can be used for flooring, walls and roofs and is becoming an increasingly popular choice for sustainable construction projects.
Adhesive-bonded CLT:
Adhesive-bonded CLT, also known as self-adhesive cross laminated timber (SAT), is a construction material made from layers of lumbers bound by an adhesive agent. The product can be used in applications such as interior design and furniture making where aesthetic appearance is important. Furthermore, the product offers advantages over traditional wood products such as high durability and strength along with low maintenance requirements.
Mechanically Fastened CLT:
Cross-laminated timber (CLT) is a construction material made from multiple layers of lumbers that are bound by nails, screws or bolts at every layer. The CLT structure has high strength and can support heavy loads. Cross laminated timber market size was valued at USD 1.8 billion in 2015 and is expected to grow significantly over the forecast period owing to its increasing demand for residential & commercial buildings, especially in Europe and North America regions.
Application Insights:
The demand for the product was highest in North America, followed by Europe. The growth can be attributed to the increasing use of cross-laminated timber products in residential, commercial and institutional buildings across countries such as Canada and U.S. In addition, a stable regulatory environment promoting high construction output is expected to drive industry expansion over the forecast period.
The industrial facility segment is projected to witness significant growth over the next eight years owing to rising demand from manufacturing industries for its excellent load-bearing capacity and low cost per unit area when compared with steel or concrete structures.
Regional Analysis:
Europe dominated the global cross-laminated timber market in terms of value with a share of over 30.0% in 2017. The region is expected to witness significant growth over the forecast period owing to rising demand from residential, commercial and industrial sectors. Germany, U.K.
Asia Pacific is projected to be one of the fastest growing regions with a CAGR exceeding 6% from 2018 to 2030 due its low cost advantage as compared CLT products made from other timbers such as spruce and pine wood imported from North America.
Growth Factors:
- Growing demand for sustainable and green building materials: Cross-Laminated Timber is a highly sustainable building material that helps reduce the environmental impact of construction and buildings. As awareness about the benefits of using CLT grows, its demand is likely to increase in the coming years.
- Rising popularity of prefabricated homes: Prefabricated homes are made from factory-made components which are assembled on site. This construction method is gaining popularity due to its many advantages such as speed of construction, cost efficiency, and sustainability. CLT panels can be easily prefabricated into modules offsite, making it an ideal choice for prefabricated homes.
- Increasing use in tall buildings: Cross-Laminated Timber has been gaining popularity as a structural material for tall buildings due to its many advantages such as strength, stiffness, fire resistance, and acoustic performance. With more architects and developers looking for sustainable alternatives to traditional materials like steel or concrete for high-rise constructions, CLT is likely to see increased demand in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cross-Laminated Timber Market Research Report
By Type
Adhesive-bonded CLT, Mechanically Fastened CLT
By Application
Residential Building, Commercial Building, Institutional Building, Industrial Facility
By Companies
Stora Enso, Binderholz, KLH Massivholz GmbH, Mayr-Melnhof Holz, MHM Abbund-Zentrum, Hasslacher Norica, Merk Timber, Lignotrend, Eugen Decker, Thoma Holz, Stora Enso, W. u. J. Derix, HMS Bausysteme Gmh, Structurlam
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Cross-Laminated Timber Market Report Segments:
The global Cross-Laminated Timber market is segmented on the basis of:
Types
Adhesive-bonded CLT, Mechanically Fastened CLT
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Building, Commercial Building, Institutional Building, Industrial Facility
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stora Enso
- Binderholz
- KLH Massivholz GmbH
- Mayr-Melnhof Holz
- MHM Abbund-Zentrum
- Hasslacher Norica
- Merk Timber
- Lignotrend
- Eugen Decker
- Thoma Holz
- Stora Enso
- W. u. J. Derix
- HMS Bausysteme Gmh
- Structurlam
Highlights of The Cross-Laminated Timber Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Adhesive-bonded CLT
- Mechanically Fastened CLT
- By Application:
- Residential Building
- Commercial Building
- Institutional Building
- Industrial Facility
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cross-Laminated Timber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cross-laminated timber (CLT) is a type of engineered wood product made from multiple layers of thin, cross-shaped boards. The boards are glued together along the grain, which creates an extremely strong and lightweight structure. CLT is often used in construction because it is incredibly durable and can be easily assembled without using nails or screws.
Some of the major players in the cross-laminated timber market are Stora Enso, Binderholz, KLH Massivholz GmbH, Mayr-Melnhof Holz, MHM Abbund-Zentrum, Hasslacher Norica, Merk Timber, Lignotrend, Eugen Decker, Thoma Holz, Stora Enso, W. u. J. Derix, HMS Bausysteme Gmh, Structurlam.
The cross-laminated timber market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cross-Laminated Timber Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cross-Laminated Timber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cross-Laminated Timber Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cross-Laminated Timber Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cross-Laminated Timber Market Size & Forecast, 2020-2028
4.5.1 Cross-Laminated Timber Market Size and Y-o-Y Growth
4.5.2 Cross-Laminated Timber Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Adhesive-bonded CLT
5.2.2 Mechanically Fastened CLT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Building
6.2.2 Commercial Building
6.2.3 Institutional Building
6.2.4 Industrial Facility
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cross-Laminated Timber Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cross-Laminated Timber Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Adhesive-bonded CLT
9.6.2 Mechanically Fastened CLT
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Building
9.10.2 Commercial Building
9.10.3 Institutional Building
9.10.4 Industrial Facility
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Adhesive-bonded CLT
10.6.2 Mechanically Fastened CLT
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Building
10.10.2 Commercial Building
10.10.3 Institutional Building
10.10.4 Industrial Facility
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Adhesive-bonded CLT
11.6.2 Mechanically Fastened CLT
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Building
11.10.2 Commercial Building
11.10.3 Institutional Building
11.10.4 Industrial Facility
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Adhesive-bonded CLT
12.6.2 Mechanically Fastened CLT
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Building
12.10.2 Commercial Building
12.10.3 Institutional Building
12.10.4 Industrial Facility
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Adhesive-bonded CLT
13.6.2 Mechanically Fastened CLT
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Building
13.10.2 Commercial Building
13.10.3 Institutional Building
13.10.4 Industrial Facility
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cross-Laminated Timber Market: Competitive Dashboard
14.2 Global Cross-Laminated Timber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stora Enso
14.3.2 Binderholz
14.3.3 KLH Massivholz GmbH
14.3.4 Mayr-Melnhof Holz
14.3.5 MHM Abbund-Zentrum
14.3.6 Hasslacher Norica
14.3.7 Merk Timber
14.3.8 Lignotrend
14.3.9 Eugen Decker
14.3.10 Thoma Holz
14.3.11 Stora Enso
14.3.12 W. u. J. Derix
14.3.13 HMS Bausysteme Gmh
14.3.14 Structurlam
