Cross laminated timber (CLT) refers to a construction material which is produced by using several layers of crosswise stacked kiln-dried lumber boards. It offers numerous advantages to the construction sector and has gained immense popularity as a high-performance material in Europe. Cross laminated timber has replaced traditional construction materials such as steel, concrete and masonry owing to its distinct properties which include rigidity, versatility, time-efficiency, cost-effectiveness, dimensional stability and design flexibility. IMARC Group’s latest report, titled “European Cross Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the cross laminated timber production in Europe reached a volume of 725,001 Cubic Metres in 2016, growing at a CAGR of nearly 13% during 2009-2016.
Highlights of the European Cross Laminated Timber Market:
- Adoption of greener building solutions in Europe is one of the major growth driving factors.
- Residential applications represent the largest segment, accounting for the majority of the share.
- Austria accounts for the majority of the European cross laminated timber market.
As cross laminated timber is known to produce less waste and has a lower embodied carbon footprint, its demand has spurred in Europe. It is extensively used across various sectors ranging from houses, barns, power line towers, churches and bridges to high-rise apartments and office buildings. The European governments’ support has led to the adoption of greener building solutions, which has immensely contributed to the market growth. In addition, changes in building codes, consistent marketing efforts as well as developed distribution channels in the region have further facilitated the growth of the cross laminated timber market. According to the report, the cross laminated timber market in Europe is further expected to reach a volume of around 1.2 Million Cubic Metres by 2022.
The market has been segmented on the basis of application covering residential, educational institutes, government buildings and commercial space. Currently, residential applications account for the majority of the share, representing the largest segment. On the basis of country, Austria is the leading producer accounting for the majority of the share. Other markets include Germany, Italy, Switzerland, Czech Republic, Spain, Norway and Sweden, and the United Kingdom. Some of the key players operating in the market are Storaenso, KLH, Merk timber, Binderholz and MayrMelnhof.
The report has examined the cross laminated timber market in Europe on the basis of:
- Czech Republic
- Norway and Sweden
- United Kingdom
- Educational Institutes
- Government Buildings
- Commercial Space
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