European Cross Laminated Timber Market Projected to Reach 1.2 Million Cubic Metres by 2022

The European cross laminated timber market has grown at a double digit rate as a result ofchanges in building codes, consistent marketing efforts as well as developed distribution channels.



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:

Country:

  • Austria
  • Germany
  • Italy
  • Switzerland
  • Czech Republic
  • Spain
  • Norway and Sweden
  • United Kingdom


Application:

  • Residential
  • Educational Institutes
  • Government Buildings
  • Commercial Space


Major Manufacturers:

  • Storaenso
  • KLH
  • Binderholz
  • MayrMelhonf
  • Hasslacher


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.

 

Contact Us

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: http://www.imarcgroup.com
Follow us on twitter: @imarcglobal


Related Report

European Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Cross-laminated timber, or CLT, is an engineered wood product which is made by stacking layers of wood panels in perpendicular directions and fastening them together. This cross-wise arrangement helps in increasing the structural strength, load-bearing capacity, dimensional stability and rigidity of...


Saccharin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Saccharin is one of the oldest artificial, non-nutritive sweeteners, first discovered in 1878. It has no caloric value and does not get metabolized by the body, being excreted unchanged. Saccharin is also better for oral health as compared to table sugar since it does not promote tooth decay.


Bioadhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Bioadhesives refer to naturally occurring polymeric materials which have adhesive properties, or materials designed to adhere to biological surfaces. They also include glues formed using biological intermediates such as cellulose, starch or gelatin.


Gas Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Gas analyzers are measuring instruments used to determine the quantitative or qualitative composition of gas mixtures. They are used to provide essential data for numerous manufacturing, processing and materials research industries.


Ball Bearing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Ball bearing is a type of rolling-element bearing which has small freely rotating metal balls in the form of a ring. This composition helps to maintain separation between the inner and outer parts of the bearings. The metal balls provide a smooth and low friction motion by supporting both axial and ...