Market Overview:

The European cross-laminated timber market reached a volume of 1.4 Million Cubic Metres in 2021. Looking forward, IMARC Group expects the market to reach 2.6 Million Cubic Metres by 2027, exhibiting a CAGR of 11.3% 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 sectors. These insights are included in the report as a major market contributor. 

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 crosswise arrangement helps in increasing the structural strength, load-bearing capacity, dimensional stability and rigidity of the wood panels while reducing their shrinkage and swelling. CLT was first developed in Europe during the early 1990s and has now come to represent an important construction material in the region. It is also used for a number of residential and commercial applications, either in combination with other building materials and wood products or as a standalone system.

CLT represents an inexpensive, flexible and time-saving substitute to conventional construction materials such as concrete, steel and masonry. This is a result of the prefabrication of CLT according to the desired dimensions and shapes that reduces on-site waste, as well as saves installation time. Moreover, it represents an environment-friendly and sustainable building material as it is made of wood. CLT panels also help in reducing the amount of carbon dioxide present in the environment by trapping more than 1500 kg of CO₂ per ton. The manufacturing and transportation of CLT also produce lesser pollution as compared to conventional building materials. One of the significant factors that have facilitated the demand for CLT in the European region is the green building movement, which requires constructors to use sustainable and eco-friendly construction materials. Amendments in the International Building Code 2015, allowing the use of CLT for the large building, has also helped in expanding the market. Enhanced marketing and increasing awareness about the advantages of CLT, along with improved distribution channels, represent some of the other growth-inducing factors. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the European cross-laminated timber market, along with forecasts at the regional and country level from 2022-2027. 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:

• Residential
• Educational Institutes
• Government/Public Buildings
• Commercial Spaces
   

At present, the residential sector represents the largest segment, holding the majority of the total market share.

Breakup by Product Type:

• Custom CLT
• Blank CLT
   

Custom CLT currently represents the most popular type, accounting for the dominant share.

Breakup by Element Type:

• Wall Panels
• Flooring Panels
• Roofing Slabs
• Others
   

Amongst these, wall panels account for nearly half of the total market share.

Breakup by Raw Material Type:

• Spruce
• Pine
• Fir
• Others
   

Presently, spruce is mostly used in the production of CLT panels.

Breakup by Bonding Method:

• Adhesive Bonded
• Mechanically Fastened
   

Adhesive bonding is the dominant segment, holding the majority of the total market share.

Breakup by Panel Layers:

• 3-Ply
• 5-Ply
• 7-Ply
• Others
   

Breakup by Adhesive Type:

• PUR (Polyurethane)
• PRF (Phenol Resorcinol Formaldehyde)
• MUF (Melamine-Urea-Formaldehyde)
• Others
   

PUR (polyurethane resin) is the most popular adhesive used for fastening CLT panels.

Breakup by Press Type:

• Hydraulic Press
• Vacuum Press
• Pneumatic Press
• Others
   

At present, CLT panels are primarily manufactured using a hydraulic press.

Breakup by Storey Class:

• Low-Rise Buildings (1-4 Storeys)
• Mid-Rise Buildings (5-10 Storeys)
• High-Rise Buildings (More than 10 Storeys)
   

Breakup by Application Type:

• Structural Applications
• Non-Structural Applications
   

Structural applications represent the largest segment.

Regional Insights:

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

Region-wise, Austria exhibits a clear dominance in the market.

Competitive Landscape:

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

• Stora Enso Oyj
• KLH Massivholz GmbH
• Binderholz GmbH
• Mayr Melnhof Karton AG
• Hasslacher Holding GmbH
   

Report Coverage: