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Australia and New Zealand Cross Laminated Timber (CLT) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Australia and New Zealand cross laminated timber (CLT) market reached a value of US$ 68.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 252.6 Million by 2027, exhibiting a CAGR of 22.90% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Cross-laminated timber (CLT) is a prefabricated and solid engineered wood panel comprising several layers of kiln-dried lumber boards, which are stacked in alternating directions, pressed to form solid, straight, rectangular panels, and bonded with structural adhesives. It is lightweight and strong with superior acoustic, fire, seismic, and thermal performance. Apart from this, it offers several advantages, such as aesthetic appeal, easy installation, and low greenhouse gas emissions. As a result, CLT is replacing traditional construction materials, such as steel, concrete, and cement. At present, there is a rise in the demand for CLT in both the residential and commercial sectors across Australia and New Zealand as it provides dry and fast onsite construction and the potential for airtightness with robust wall and floor structures.

Australia and New Zealand Cross Laminated Timber (CLT) Market Trends:

The growing environmental concerns among the masses about rising greenhouse gas emissions represent one of the key factors driving the market in Australia and New Zealand. Moreover, there is an increase in the number of green building projects to enhance the efficiency of buildings while reducing their impact on the health of individuals and the environment through better design, construction, operation, and maintenance. This, along with the increasing initiatives by the central and state governments of Australia and New Zealand to promote the utilization of wood-based construction materials, is propelling the growth of the market. In addition, builders in the region are focusing on improving construction practices by relying on innovative construction materials and techniques, which is positively influencing the market. Besides this, the escalating demand for CLT in enhancing indoor environment quality and keeping the surroundings clean by generating zero waste during production is offering lucrative growth opportunities to industry investors. Apart from this, CLT is affordable and requires considerably less time in the construction of different structures compared to conventional construction materials. These product advantages are bolstering the growth of the market in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Australia and New Zealand cross laminated timber (CLT) market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on application.

Australia Cross Laminated Timber Industry

Market Breakup by Application:

  • Detached Houses
  • Residential
  • Non-Residential Units


Non-residential units dominate the market due to the rising preference for sustainable building materials in the country.

New Zealand Cross Laminated Timber Industry

Market Breakup by Application:

  • Residential
  • Commercial


Residential units exhibit a clear dominance in the New Zealand market as CLT provides efficient seismic performance in the multi-storey timber buildings.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Stora Enso Oyj, KLH Massivholz GmbH, Binderholz GmbH, and XLam NZ Ltd./XLam Australia Pty Ltd.

Key Questions Answered in This Report:

  • How has the CLT market in Australia and New Zealand performed so far and how will it perform in the coming years?
  • What are the various stages in the value chain of the CLT industry in Australia and New Zealand?
  • What has been the impact of COVID-19 on the CLT industry in Australia and New Zealand?
  • What is the environmental impact/benefit analysis of CLT?
  • What is the financial impact/benefit analysis of CLT?
  • What are the codes and standards of CLT in Australia and New Zealand?
  • What are various pilot CLT projects undertaken in Australia and New Zealand?
  • What is the structure of the CLT market in Australia and New Zealand and who are the key players?
  • What is the degree of competition in CLT market in Australia and New Zealand?
  • How is CLT manufactured?
  • What are the raw material requirements for CLT manufacturing?
  • What is the land and construction requirements for CLT manufacturing?
  • What are the machinery requirements for CLT manufacturing?
  • What are the manpower requirements for CLT manufacturing?
  • What are the utility requirements for CLT manufacturing?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Australia Cross Laminated Timber Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Impact of COVID-19
    5.4    Price Analysis
    5.5    Market Breakup by Application
        5.5.1    Detached Houses
             5.5.1.1 Market Trends
             5.5.1.2 Market Forecast
        5.5.2    Residential
             5.5.2.1 Market Trends
             5.5.2.2 Market Forecast
        5.5.3    Non-Residential Units
             5.5.3.1 Market Trends
             5.5.3.2 Market Forecast
    5.6    Key Players
    5.7    Market Forecast
6   New Zealand Cross Laminated Timber Industry
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Impact of COVID-19
    6.4    Price Analysis
    6.5    Market Breakup by Application
        6.5.1    Residential 
             6.5.1.1 Market Trends
             6.5.1.2 Market Forecast
        6.5.2    Commercial
             6.5.1.1 Market Trends
             6.5.1.2 Market Forecast
    6.6    Key Players
    6.7    Market Forecast
7   SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8   Value Chain Analysis
    8.1    Overview
    8.2    Raw Material Suppliers
    8.3    Manufacturers
    8.4    Distributors
    8.5    Exporters
    8.6    End-Users
9   Porters Five Forces Analysis
    9.1    Overview
    9.2    Bargaining Power of Buyers
    9.3    Bargaining Power of Suppliers
    9.4    Degree of Competition
    9.5    Threat of New Entrants
    9.6    Threat of Substitutes
10  Cross Laminated Timber Environmental Impact/Benefit Analysis
11  Cross Laminated Timber Financial Impact/Benefit Analysis
12  Australia/New Zealand-Codes and Standards
13  Australia/New Zealand- Pilot CLT Projects
14  Requirements for Setting Up a Cross Laminated Timber Manufacturing Plant

    14.1    Manufacturing Process
    14.2    Raw Material Requirements
    14.3    Land and Construction Requirements
    14.4    Machinery Requirements
    14.5    Machinery Pictures
    14.6    Raw Material Pictures
    14.7    Packaging Requirements
    14.8    Utility Requirements
    14.9    Manpower Requirements
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
16  Profiles of Key Players
    16.1    Stora Enso Oyj
    16.2    KLH Massivholz GmbH
    16.3    Binderholz GmbH 
    16.4    XLam Australia Pty Ltd./NZ Ltd.


List of Figures

Figure 1: Australia and New Zealand: Cross Laminated Timber Industry: Major Drivers and Challenges
Figure 2: Australia: Cross Laminated Timber Market: Volume Trends (in Cubic Metre), 2016-2021
Figure 3: Australia: Cross Laminated Timber Market: Value Trends (in Million US$), 2016-2021
Figure 4: Australia: Cross Laminated Timber Market: Average Prices (in US$/CBM), 2016-2021
Figure 5: Australia: Cross Laminated Timber Market Forecast: Average Prices (in US$/CBM), 2022-2027
Figure 6: Australia: Cross Laminated Timber Market: Breakup by Application (in %), 2021
Figure 7: Australia: Cross Laminated Timber (Application in Detached Houses) Market: Volume Trends (in Cubic Metre), 2016 & 2021
Figure 8: Australia: Cross Laminated Timber (Application in Detached Houses) Market Forecast: Volume Trends (in Cubic Metre), 2022-2027
Figure 9: Australia: Cross Laminated Timber (Residential Applications) Market: Volume Trends (in Cubic Metre), 2016 & 2021
Figure 10: Australia: Cross Laminated Timber (Residential Applications) Market Forecast: Volume Trends (in Cubic Metre), 2022-2027
Figure 11: Australia: Cross Laminated Timber (Non-Residential Applications) Market: Volume Trends (in Cubic Metre), 2016 & 2021
Figure 12: Australia: Cross Laminated Timber (Non-Residential Applications) Market Forecast: Volume Trends (in Cubic Metre), 2022-2027
Figure 13: Australia: Cross Laminated Timber Market Forecast: Volume Trends (in Cubic Metre), 2022-2027
Figure 14: Australia: Cross Laminated Timber Market Forecast: Value Trends (in Million US$), 2022-2027
Figure 15: New Zealand: Cross Laminated Timber Market: Volume Trends (in Cubic Metre), 2016-2021
Figure 16: New Zealand: Cross Laminated Timber Market: Value Trends (in Million US$), 2016-2021
Figure 17: New Zealand: Cross Laminated Timber Market: Average Prices (in US$/CBM), 2016-2021
Figure 18: New Zealand: Cross Laminated Timber Market Forecast: Average Prices (in US$/CBM), 2022-2027
Figure 19: New Zealand: Cross Laminated Timber Market: Breakup by Application (in %), 2021
Figure 20: New Zealand: Cross Laminated Timber (Residential Applications) Market: Volume Trends (in Cubic Metre), 2016 & 2021
Figure 21: New Zealand: Cross Laminated Timber (Residential Applications) Market Forecast: Volume Trends (in Cubic Metre), 2022-2027
Figure 22: New Zealand: Cross Laminated Timber (Commercial Applications) Market: Volume Trends (in Cubic Metre), 2016 & 2021
Figure 23: New Zealand: Cross Laminated Timber (Commercial Applications) Market Forecast: Volume Trends (in Cubic Metre), 2022-2027
Figure 24: New Zealand: Cross Laminated Timber Market Forecast: Volume Trends (in Cubic Metre), 2022-2027
Figure 25: New Zealand: Cross Laminated Timber Market Forecast: Value Trends (in Million US$), 2022-2027
Figure 26: Australia and New Zealand: Cross Laminated Timber Industry: SWOT Analysis
Figure 27: Australia and New Zealand: Cross Laminated Timber Industry: Value Chain Analysis
Figure 28: Australia and New Zealand: Cross Laminated Timber Industry: Porter’s Five Forces Analysis
Figure 29: Cross Laminated Timber Manufacturing: Detailed Process Flow
Figure 30: Cross Laminated Timber Manufacturing: Raw Material Requirements
Figure 31: Cross Laminated Timber: Packaging Requirements

List of Tables

Table 1: Australia: Cross Laminated Timber Market: Key Industry Highlights, 2021 and 2027
Table 2: Australia: Cross Laminated Timber Market Forecast: Breakup by Application (in Cubic Metre), 2022-2027
Table 3: New Zealand: Cross Laminated Timber Market: Key Industry Highlights, 2021 and 2027
Table 4: New Zealand: Cross Laminated Timber Market Forecast: Breakup by Application (in Cubic Metre), 2022-2027
Table 5: Cross Laminated Timber Manufacturing Plant: Land and Construction Requirements
Table 6: Cross Laminated Timber Manufacturing Plant: Machinery Requirements
Table 7: Cross Laminated Timber Manufacturing Plant: Utility Requirements
Table 8: Cross Laminated Timber Manufacturing Plant: Manpower Requirements
Table 9: Australia and New Zealand: Cross Laminated Timber Market: Competitive Structure
Table 10: Australia and New Zealand: Cross Laminated Timber Market: Key Players


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