Spain Cross Laminated Timber Market to Reach 246,552.7 Cubic Meters by 2032, Fostered by Increasing Construction of Residential and Commercial Spaces

September 28, 2023 | Other Reports

According to the latest report by IMARC Group, titled “Spain Cross Laminated Timber Market Report by Application (Residential, Commercial Space, Educational Institutes, Government/ Public Buildings), Product Type (Custom CLT, Blank CLT), Element Type (Wall Panels, Flooring Panels, Roofing Slabs, and Others), Raw Material Type (Spruce, Pine, Fir, and Others), Bonding Method (Adhesive Bonded, Mechanically Fastened), Panel Layers (3-Ply, 5-Ply, 7-Ply, and Others), Adhesive Type (PUR, PRF, MUF, and Others), Press Type (Hydraulic Press, Vacuum Press, Pneumatic Press, and Others), Storey Class (Low-Rise Buildings (1-4 Storeys), Mid-Rise Buildings (5-10 Storeys), High-Rise Buildings (More than 10 Storeys)), Application Type (Structural Applications, Non-Structural Applications), and 2024-2032,” the Spain cross laminated timber market size reached 64,731.3 Cubic Meters in 2023. Cross-laminated timber (CLT) is an advanced engineered wood product made by carefully assembling multiple layers of dimensioned lumber boards placed in alternating directions and bonded together with strong adhesives. It has enhanced structural integrity and a high strength-to-weight ratio, making it ideal for supporting loads in construction projects. It is environment-friendly and sourced from sustainably managed forests. Its prefabrication capabilities help speed up project timelines and improve overall efficiency. Additionally, it contributes to the longevity of buildings and is widely used in various settings, including residential and commercial spaces like homes, apartments, offices, retail locations, hotels, and hospitals.

Spain Cross Laminated Timber Market Trends:

The increasing adoption of CLT in new construction, renovation, and remodeling of existing structures to enhance their energy efficiency and structural integrity represents one of the key factors positively influencing the market in Spain. Additionally, the rising focus of individuals on sustainable building practices is driving the demand for CLT in the country as it is environment friendly. Apart from this, governing agencies in the country are promoting sustainable construction practices and the use of renewable materials, which is offering a favorable market outlook. Moreover, the increasing integration of CLT into prefabricated buildings to minimize on-site labor requirements and expedite construction projects is driving its demand across Spain. Looking forward, the market volume is projected to reach 246,552.7 Cubic Meters by 2032, expanding at a CAGR of 15.54% during 2024-2032.

Market Summary:

On the basis of the application, the market has been segmented into residential, commercial space, educational institutes, and government/public buildings. At present, residential holds the largest market share.
Based on the product type, the market has been bifurcated into custom CLT and blank CLT.
On the basis of the element type, the market has been segregated into wall panels, flooring panels, roofing slabs, and others.
Based on the raw material type, the market has been divided into spruce, pine, fir, and others.
On the basis of the bonding method, adhesive bonded holds the largest market share, followed by mechanically fastened.
Based on the panel layers, the market has been categorized into 3-ply, 5-ply, 7-ply, and others.
On the basis of the adhesive type, the market has been classified into PUR, PRF, MUF and others.
Based on the press type, the market has been segmented into hydraulic press, vacuum press, pneumatic press, and others. Hydraulic press currently represents the biggest market segment.
On the basis of the storey class, the market has been segregated into low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys), and high-rise buildings (more than 10 storeys).
Based on the application type, structural applications account for the largest market share, followed by non-structural applications.
The competitive landscape of the market has also been examined, with some of the key players being Egoin Wood Group S.A., Sebastia Group, and Xilonor.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Cubic Meters
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Application Product Type Element Type Raw Material Type Bonding Method Panel Layers Adhesive Type Press Type Storey Class Application Type
Applications Covered	Residential, Commercial Space, Educational Institutes, Government/ Public Buildings
Product Types Covered	Custom CLT, Blank CLT
Element Types Covered	Wall Panels, Flooring Panels, Roofing Slabs. Others
Raw Material Types Covered	Spruce, Pine, Fir, Others
Bonding Methods Covered	Adhesive Bonded, Mechanically Fastened
Panel Layers Covered	3-Ply, 5-Ply, 7-Ply, Others
Adhesive Types Covered	PUR, PRF, MUF, Others
Press Types Covered	Hydraulic Press, Vacuum Press, Pneumatic Press, Others
Storey Classes Covered	Low-Rise Buildings (1-4 Storeys), Mid-Rise Buildings (5-10 Storeys), High-Rise Buildings (More than 10 Storeys)
Application Types Covered	Structural Applications, Non-Structural Applications
Companies Covered	Egoin Wood Group S.A., Sebastia Group, Xilonor, etc.
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Spain Cross Laminated Timber Market to Reach 246,552.7 Cubic Meters by 2032, Fostered by Increasing Construction of Residential and Commercial Spaces

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