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The European cross-laminated timber market reached a volume of 1.25 Million Cubic Meters in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.5% 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, 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global European cross-laminated timber market, along with forecasts at the global 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:
At present, the residential sector represents the largest segment, holding the majority of the total market share.
Breakup by Product Type:
Custom CLT currently represents the most popular type, accounting for the dominant share.
Breakup by Element Type:
Amongst these, wall panels account for nearly half of the total market share.
Breakup by Raw Material Type:
Presently, spruce is mostly used in the production of CLT panels.
Breakup by Bonding Method:
Adhesive bonding is the dominant segment, holding the majority of the total market share.
Breakup by Panel Layers:
Among these, 3-ply CLT panels hold the leading position in the market.
Breakup by Adhesive Type:
PUR (polyurethane resin) is the most popular adhesive used for fastening CLT panels.
Breakup by Press Type:
At present, CLT panels are primarily manufactured using a hydraulic press.
Breakup by Storey Class
Based on the storey class, low-rise buildings (1-4 storeys) represent the leading segment.
Breakup by Application Type
Structural applications represent the largest segment.
Region-wise, Austria exhibits a clear dominance in the market.
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:
|Base Year of the Analysis||2020|
|Units||US$ Million, 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, Country|
|Countries Covered||Austria, Germany, Italy, Switzerland, Czech Republic, Spain, Norway, Sweden, United Kingdom, Others|
|Companies Covered||Stora Enso Oyj, KLH Massivholz GmbH, Binderholz GmbH, Mayr Melnhof Karton AG and Hasslacher Holding GmbH|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
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The European cross-laminated timber market reached a volume of 1.25 Million Cubic Meters in 2020.
We expect the European cross-laminated timber market to exhibit a CAGR of 11.5% during 2021-2026.
CLT is an inexpensive, flexible, and time-saving substitute to conventional construction materials, such as concrete, steel, masonry, etc., which represents one of the factors driving the European cross-laminated timber market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations resulting in the temporary halt in numerous construction activities, thereby limiting the demand for CLT.
Based on the application, the European cross-laminated timber market has been bifurcated into residential, educational institutes, government/public buildings, and commercial spaces, where the residential sector currently accounts for the highest share in the European cross-laminated timber market.
Based on the product type, the European cross-laminated timber market can be divided into custom CLT and blank CLT. Currently, custom CLT exhibits a clear dominance in the market.
Based on the element type, the European cross-laminated timber market has been segmented into wall panels, flooring panels, roofing slabs, and others. Among these, wall panels account for the majority of the total market share.
Based on the raw material type, the European cross-laminated timber market can be categorized into spruce, pine, fir, and others, where spruce currently holds the largest market share.
Based on the bonding method, the European cross-laminated timber market has been bifurcated adhesive bonded and mechanically fastened. Currently, adhesive bonding accounts for the majority of the total market share.
Based on the panel layers, the European cross-laminated timber market can be segregated 3-ply, 5-ply, 7-ply, and others. Among these, 3-ply CLT panels hold the leading position in the market.
Based on the adhesive type, the European cross-laminated timber market has been segmented into PUR (Polyurethane), PRF (Phenol Resorcinol Formaldehyde), MUF (Melamine-Urea-Formaldehyde), and others, where PUR (Polyurethane) currently accounts for the largest market share.
Based on the press type, the European cross-laminated timber market can be divided into hydraulic press, vacuum press, pneumatic press, and others. Currently, hydraulic press exhibits a clear dominance in the market.
Based on the storey class, the European cross-laminated timber market has been categorized into low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys), and high-rise buildings (more than 10 storeys). Among these, low-rise buildings (1-4 storeys) currently account for the majority of the total market share.
Based on the application type, the European cross-laminated timber market can be bifurcated into structural applications and non-structural applications. Currently, structural applications hold the largest share in the European cross-laminated timber market.
On a regional level, the market has been classified into Austria, Germany, Italy, Switzerland, Czech Republic, Spain, Norway, Sweden, United Kingdom, and others, where Austria currently dominates the European cross-laminated timber market.
Some of the major players in the European cross-laminated timber market include Stora Enso Oyj, KLH Massivholz GmbH, Binderholz GmbH, Mayr Melnhof Karton AG, and Hasslacher Holding GmbH.
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