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Global Glue-Laminated Timber Market to Reach US$ 4.8 Billion by 2028, Impelled by Significant Growth of Building and Construction Industry

Published on May 22, 2018

The latest report by IMARC Group, titled “Glue-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global glue-laminated timber market size reached US$ 4.1 Billion in 2022. Glue-laminated timber or glulam is a structurally engineered wood product made by bonding several individual pieces of timber together with resilient, moisture-resistant structural adhesives. The lumber used to manufacture glulam is of a specific grade and is purchased directly from lumber mills. It is produced through the processes of drying, gluing, inspection, sawing, and lining. Glulam is a versatile material that offers high resistance and stiffness in a corrosive environment and provides thermal insulation. Nowadays, it is widely available in a wide range of sizes and colors. As a result, it finds application in household framing, industrial construction, and architecture across residential and commercial projects.

Global Glue-Laminated Timber Market Trends: 

The market is primarily driven by the significant growth of the building and construction industry. Constructors and homeowners use glulam due to its chemical resistance, durability, lightweight and economic nature. It is also ideal for constructing bridges, utility poles, and docks. In addition, the growing environmental consciousness among individuals is increasing the adoption of glulam for the construction of green buildings, thus providing a positive outlook for the market. Nowadays, the rising demand for wood-based buildings, such as single-family homes and multi-family apartments, is propelling the adoption of glulam as it is used to enhance the aesthetic appeal and design flexibility. Besides this, governing authorities are encouraging the utilization of wood-based products due to the growing sustainability concerns, which in turn is escalating the demand for glue-laminated timber. Looking forward, the market is expected to reach a value of US$ 4.8 Billion by 2028, exhibiting a CAGR of 2.8% during the forecast period (2023-2028).

Market Summary: 

  • Based on the end use, the market has been segmented into floor beams, window and door header, trusses and supporting columns, roof beams, and others. The floor beam segment is the largest consumer of glue-laminated timber, accounting for more than a third of the total global market.
  • On the basis of the application, the market has been classified into new construction and replacement. Among these, new construction holds the majority of the market share.
  • Region-wise, Europe exhibits a clear dominance in the market. Some other major regions include Asia Pacific, North America, Latin America, and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Structural Wood Systems, Inc., Mayr-Melnhof Holz Holding AG, EcoCurves BV, Forest Timber Engineering Limited, and Boise Cascade Company.

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