Glue-laminated timber is a structural lumber product which is used for both residential and commercial projects. It is made by bonding thin layers of timber together with superior wood adhesives. The laminating process eliminates the natural variations in the performance of solid timber, thereby resulting in consistent performance. Owing to this, glue-laminated timber has rapidly gained prominence as a green building solution in the recent years. A new research report by IMARC Group, titled “Glue-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the market was worth US$ 3.6 Billion in 2018, growing at a CAGR of 4.1% during 2011-2018. The report further anticipates the global glue-laminated timber market value to reach US$ 4.2 Billion by 2024.
Global Glue-Laminated Timber Market Drivers/Constraints:
Application Insights:
On the basis of application, the market has been segmented as new construction and replacement applications. Amongst these, new construction applications dominate the market, holding the majority of the global share. This can be attributed to the increasing usage of glue-laminated timber in the industrial, recreational, commercial and residential construction projects.
End-Use Insights:
Based on end-use, the report finds that floor beams currently represent the largest end-use segment. These beams easily connect to the wood floor components, provide ease of work and design flexibility, and are light in weight. Other major end-use segments are roof beams, windows and door headers, and trusses and supporting columns.
Regional Insights:
On the geographical front, Europe represents the leading market, accounting for the majority of the global share. Within the region, Austria, Finland and Germany are the largest producers. Other major regions include Asia Pacific, North America, Latin America, and Middle East and Africa.
Competitive Landscape:
The market is highly concentrated with the presence of a handful of manufacturers which results in fierce competition. The manufacturers focus on increasing their consumer-base through product developments and competitive pricing strategies. Some of the leading players operating in the market are:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com