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The global cross-laminated timber market reached a value of US$ 1.07 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 13.2% during 2021-2026. 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 sectors. These insights are included in the report as a major market contributor.
Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity across the globe as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. The system consists of multilayer panels made from solid wood boards stacked crosswise and glued together. The cross-laminated configuration improves rigidity, dimensional stability, and mechanical properties. Structurally, CLT offers performance comparable to concrete or steel, with panels suitable for use as walls, floors, roofs and other applications.
CLT panels are strong and stiff, which allows them to be used in a wide range of applications. The use of CLT panels has become a successful and popular method of construction in Europe since it was first introduced during the early 1990’s. It is currently used for all kinds of structures ranging from houses, barns, powerline towers, churches and bridges to high-rise apartment and office buildings, adding visibility and reputation to the system.
IMARC Group provides an analysis of the key trends in each sub-segment of the global cross-laminated timber market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on application, product type, element type, raw material type, bonding method, panel layers, adhesive type, press type, storey class and application type.
Breakup by Application:
Breakup by Product Type:
Breakup by Element Type:
Breakup by Raw Material Type:
Breakup by Bonding Method:
Breakup by Panel Layers:
Breakup by Adhesive Type:
Breakup by Press Type:
Breakup by Storey Class:
Breakup by Application Type:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Stora Enso, KLH, Binderholz, Mayr Melnhof, Hasslacher, XLam Limited, Sterling Lumber, Shilliger Holz AG, Eugen Decker Holzindustrie KG, Structurlam, SmartLam, Meiken Lamwood Corp.
This report provides a deep insight into the global cross-laminated timber market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a cross-laminated timber manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cross-laminated timber industry in any manner.
|Base Year of the Analysis||2020|
|Units||US$ Million, Cubic Metres|
|Segment Coverage||Application, Product Type, Element Type, Raw Material Type, Bonding Method, Panel Layers, Adhesive Type, Press Type, Storey Class, Application Type, Region|
|Region Covered||Asia Pacific, Europe, North America|
|Countries Covered||United States, Canada, Austria, Germany, Italy, Switzerland, Czech Republic, Spain, Norway, Sweden, United Kingdom, Australia, New Zealand, Japan, China, Taiwan|
|Companies Covered||Stora Enso, KLH, Binderholz, Mayr Melnhof, Hasslacher, XLam Limited, Sterling Lumber, Shilliger Holz AG, Eugen Decker Holzindustrie KG, Structurlam, SmartLam and Meiken Lamwood Corp.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 2999
Corporate License: US$ 3499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global cross-laminated timber market was valued at US$ 1.07 Billion in 2020.
Growing demand for CLT from the construction sector for building different types of structures, including barns, houses, powerline towers, bridges, high-rise apartments, office buildings, etc., is currently driving the global cross-laminated timber market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous construction activities, thereby limiting the demand for cross-laminated timber.
Based on the product type, the global cross-laminated timber market can be segmented into custom and blank CLT, where blank CLT currently accounts for the highest market share.
Based on the element type, the global cross-laminated timber market has been divided into wall panels, flooring panels, roofing slabs, and others. Amongst these, wall panels exhibit a clear dominance in the market.
Based on the raw material, the global cross-laminated timber market can be bifurcated into spruce, pine, fir, and others. Currently, spruce accounts for the majority of the total market share.
Based on the bonding method, the global cross-laminated timber market has been categorized into adhesively bonded and mechanically fastened segments, where adhesively bonded lamination is the dominant segment in the market.
Based on the panel layers, the global cross-laminated timber market can be segregated into 3-ply, 5-ply, 7-ply, and others. Currently, 3-ply panels account for the majority of the overall market share.
Based on the adhesive type, the global cross-laminated timber market has been classified into polyurethane (PUR), phenol resorcinol formaldehyde (PRF), melamine-urea-formaldehyde (MUF), and others. Among these, polyurethane (PUR) accounts for the largest market share.
Based on the press type, the global cross-laminated timber market can be segmented into hydraulic, vacuum, pneumatic, and other. Currently, hydraulic presses hold the biggest market share.
Based on the storey class, the global cross-laminated timber market has been bifurcated into low-rise (1-4 storeys), mid-rise (5-10 storeys) and high-rise buildings (more than 10 storeys). Among these, low-rise buildings represent the most preferred segment.
Based on the application type, the global cross-laminated timber market can be divided into structural applications and non- structural applications. Currently, structural applications account for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the market.
Some of the major players in the global cross-laminated timber market include Stora Enso Oyj, KLHMassivholz GmbH, Binderholz GmbH, Mayr Melnhof Karton AG, Hasslacher Holding GmbH, XLam Limited, Sterling Lumber and Investment Company, Shilliger Holz AG, B&K Structures Ltd., Eugen Decker Holzindustrie KG, Structurlam Products Ltd., SmartLam, LLC, and Meiken Lamwood Corp.
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