Glue-laminated timber, or glulam is a type of engineered wood product which is made by bonding together several individual pieces of timber with durable, moisture-resistant structural adhesives. Glue-laminated timber offers high resistance and stiffness in corrosive and exposed environments, along with offering thermal insulation. The latest report by IMARC Group titled, “Glue-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the glue-laminated timber market reached a value of US$ 3.7 Billion in 2019, growing at a CAGR of 3.6% during 2014-2019.
The market for glue-laminated timber is being escalated by its expanding applications across several industries. Glue-laminated timber is a widely available and sustainable material which offers flexibility of shape and size. As a result of this, it finds applications in various areas such as household framing, industrial construction, architecture, etc. Owing to these factors, the market is expected to witness moderate growth during 2020-2025.
On the basis of end-use the market is segmented into floor beams, window and door headers, trusses & supporting columns, roof beams, others. The floor beam segment is the largest consumer for glue-laminated timber, accounting for more than a third of the total global market. Based on application sector, new construction applications dominate the global market accounting for majority of the market share. The report has conducted an evaluation of the market on the basis of key regions and finds that Europe is the largest market for glulam. Some of the other major regions are Asia-Pacific, North America, Latin America and Middle East and Africa. The report has also analysed the market on the basis of competitive landscape and has provided the details of the key players. Some of the major players are Structural Wood Systems, Mayr-Melnhof Holz Gaishorn Gmbh, Eco Curves, Forest Timber Engineering Ltd., Boise Cascade, etc.
This report provides a deep insight into the global glue-laminated timber industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a glue-laminated timber manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the glue-laminated timber industry in any manner.
Key Questions Answered in This Report:
The global glue-laminated timber market size reached US$ 3.7 Billion in 2019.
The global glue-laminated timber market exhibited a growth rate of 3.6% during 2014-2019.
As per IMARC Group estimates, the global glue-laminated timber market will exhibit moderate growth during 2020-2025.
The global glue-laminated timber market is primarily driven by the demand for wood-based construction materials on account of their numerous benefits, such as high thermal performance, chemical resistance and enhanced durability.
The major trends in the market are the growing adoption of sustainable construction materials across the globe, supported by numerous government initiatives.
Some of the leading key players operating in the market are Structural Wood Systems, Inc., Mayr-Melnhof Holz Holding AG, EcoCurves BV, Fforest Timber Engineering Ltd., and Boise Cascade Company.
On the basis of the region, the market has been categorized into North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
The market has been segregated on the basis of end use into floor beams, window and door headers, trusses and supporting columns, roof beams and others.
On the basis of the application, the market has been bifurcated into new construction and replacement segments.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Engineered Wood Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Trends
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
6 Global Glue-Laminated Timber Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Trends
6.4.1 Key Price Indicators
6.4.2 Current and Historical Price Trends
6.4.3 Price Forecast
6.5 Market Breakup by Region
6.6 Market Breakup by End Use
6.7 Market Breakup by New Construction and Replacement Application
6.8 Market Forecast
6.9 SWOT Analysis
6.9.1 Overview
6.9.2 Strengths
6.9.3 Weaknesses
6.9.4 Opportunities
6.9.5 Threats
6.10 Value Chain Analysis
6.10.1 Overview
6.10.2 Forest Owners
6.10.3 Sawmills
6.10.4 Glue-Laminated Timber Manufacturers
6.10.5 Distributors and Retailers
6.10.6 Exporters
6.10.7 End-Use Industries
6.11 Porter’s Five Forces Analysis
6.11.1 Overview
6.11.2 Bargaining Power of Buyers
6.11.3 Bargaining Power of Suppliers
6.11.4 Degree of Competition
6.11.5 Threat of New Entrants
6.11.6 Threat of Substitutes
6.12 Key Success and Risk Factors
7 Market Breakup by Region
7.1 Asia Pacific
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 North America
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Europe
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Latin America
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Middle East and Africa
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use
8.1 Floor Beams
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Window and Door Header
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Trusses and Supporting Columns
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Roof Beams
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by New Construction and Replacement Application
9.1 New Construction
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Replacement
9.2.1 Market Trends
9.2.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
11 Glue-Laminated Timber Manufacturing
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operation Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utilities Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
15.1 Structural Wood Systems
15.2 Mayr-Melnhof Holz Gaishorn Gmbh
15.3 Fforest Timber Engineering Ltd.
15.4 Boise Cascade
15.5 Ecocurves
List of Figures
Figure 1: Global: Glue-laminated Timber Industry: Major Drivers and Challenges
Figure 2: Global: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2014-2019
Figure 3: Global: Engineered Wood Market: Value Trends (in Tons), (in US$ Billion), 2014-2019
Figure 4: Global: Engineered Wood Market: Average Price Trends (in US$/Cubic Metre), 2014-2019
Figure 5: Global: Engineered Wood Market: Breakup by Product Type (in %), 2019
Figure 6: Global: Engineered Wood Market: Breakup by Application (in %), 2019
Figure 7: Global: Engineered Wood Market: Production Breakup by Region (in %), 2019
Figure 8: Global: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2020-2025
Figure 9: Global: Engineered Wood Market Forecast: Value Trends (in US$ Billion), 2020-2025
Figure 10: Global: Engineered Wood Market Forecast: Average Price Trends (in US$/Cubic Metre), 2020-2025
Figure 11: Global: Glue-Laminated Timber Market: Volume Trends (in Million Cubic Metres), 2014-2019
Figure 12: Global: Glue-Laminated Timber Market: Value Trends (in Billion US$), 2014-2019
Figure 13: Glue-Laminated Timber Manufacturing: Price Structure Analysis (in US$/CBM)
Figure 14: Global: Glue-Laminated Timber Market: Average Price Trends (in US$/Cubic Metre), 2014-2019
Figure 15: Global: Glue-Laminated Timber Market Forecast: Average Price Trends (in US$/Cubic Metre), 2020-2025
Figure 16: Global: Glue-laminated Timber Market: Production Breakup by Region (in %), 2019
Figure 17: Global: Glue-laminated Timber Market: Breakup by End Use (in %), 2019
Figure 18: Global: Glue-Laminated Timber Market: Breakup by New Construction and Replacement Application (in %), 2019
Figure 19: Global: Glue-laminated Timber Market Forecast: Volume Trends (in Million Cubic Metres), 2020-2025
Figure 20: Global: Glue-Laminated Timber Market Forecast: Value Trends (in US$ Billion), 2020-2025
Figure 21: Global: Glue-Laminated Industry: SWOT Analysis
Figure 22: Global: Glue-Laminated Industry: Value Chain Analysis
Figure 23: Global: Glue-Laminated Industry: Porter’s Five Forces Analysis
Figure 24: Europe: Glue-Laminated Timber Market (in Million Cubic Metres), 2014 & 2019
Figure 25: Europe: Glue-Laminated Timber Market Forecast (in Million Cubic Metres), 2020-2025
Figure 26: Asia-Pacific: Glue-Laminated Timber Market (in Million Cubic Metres), 2014 & 2019
Figure 27: Asia-Pacific: Glue-Laminated Timber Market Forecast (in Million Cubic Metres), 2020-2025
Figure 28: North America: Glue-Laminated Timber Market (in Million Cubic Metres), 2014 & 2019
Figure 29: North America: Glue-Laminated Timber Market Forecast (in Million Cubic Metres), 2020-2025
Figure 30: Latin America: Glue-Laminated timber Market (in Million Cubic Metres), 2014 & 2019
Figure 31: Latin America: Glue-Laminated timber Market Forecast (in Million Cubic Metres), 2020-2025
Figure 32: Middle East and Africa: Glue-Laminated timber Market (in Million Cubic Metres), 2014 & 2019
Figure 33: Middle East and Africa: Glue-Laminated timber Market Forecast (in Million Cubic Metres), 2020-2025
Figure 34: Global: Glue-Laminated Timber Market: Floor Beam (in Million Cubic Metres), 2014 & 2019
Figure 35: Global: Glue-Laminated Timber Market Forecast: Floor Beam (in Million Cubic Metres), 2020-2025
Figure 36: Global: Glue-Laminated Timber Market: Window and Door Header (in Million Cubic Metres), 2014 & 2019
Figure 37: Global: Glue-Laminated Timber Market Forecast: Window and Door Header (in Million Cubic Metres), 2020-2025
Figure 38: Global: Glue-Laminated Timber Market: Trusses and Supporting Columns (in Million Cubic Metres), 2014 & 2019
Figure 39: Global: Glue-Laminated Timber Market Forecast: Trusses and Supporting Columns (in Million Cubic Metres), 2020-2025
Figure 40: Global: Glue-Laminated Timber Market: Roof Beam (in Million Cubic Metres), 2014 & 2019
Figure 41: Global: Glue-Laminated Timber Market Forecast: Roof Beam (in Million Cubic Metres), 2020-2025
Figure 42: Global: Glue-Laminated Timber Market: New Construction Applications (in Million Cubic Metres), 2014 & 2019
Figure 43: Global: Glue-Laminated Timber Market Forecast: New Construction Applications (in Million Cubic Metres), 2020-2025
Figure 44: Global: Glue-Laminated Timber Market: Replacement Applications (in Million Cubic Metres), 2014 & 2019
Figure 45: Global: Glue-Laminated Timber Market Forecast: Replacement Applications (in Million Cubic Metres), 2020-2025
Figure 46: Glue-Laminated Timber Manufacturing Plant: Detailed Process Flow
Figure 47: Glue-Laminated Timber Manufacturing: Conversion Rates of Feedstocks
Figure 48: Glue-Laminated Timber Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 49: Glue-Laminated Timber Industry: Margins Across Various Stages of the Supply Chain
Figure 50: Glue-Laminated Timber Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Engineered Wood Market: Key Industry Highlights, 2019 and 2025
Table 2: Global Glue-Laminated Timber Market: Key Industry Highlights, 2019 and 2025
Table 3: Global: Glue-Laminated Timber Market Forecast: Production Breakup by Region (in Million Cubic Metres), 2020-2025
Table 4: Global: Glue-Laminated Timber Market Forecast: Production Breakup by End-Use (in Million Cubic Metres), 2020-2025
Table 5: Global: Glue-Laminated Timber Market Forecast: Production Breakup by Application Sector (in Million Cubic Metres), 2020-2025
Table 6: Global: Top Glue-Laminated Timber Producers
Table 7: Glue-Laminated Timber Manufacturing Plant: Raw Material Requirements (in CBM/Day)
Table 8: Glue-Laminated Timber Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Glue-Laminated Timber Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Glue-Laminated Timber Manufacturing Plant: Machinery Costs (in US$)
Table 11: Glue-Laminated Timber Manufacturing Plant: Raw Material Requirements (in CBM/Day) and Expenditures (in US$/CBM)
Table 12: Glue-Laminated Timber Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Glue-Laminated Timber Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions in India
Table 15: Glue-Laminated Timber Manufacturing Plant: Capital Costs (in US$)
Table 16: Glue-Laminated Timber Manufacturing Plant: Techno-Economic Parameters
Table 17: Glue-Laminated Timber Manufacturing Plant: Income Projections (in US$)
Table 18: Glue-Laminated Timber Manufacturing Plant: Expenditure Projections (in US$)
Table 19: Glue-Laminated Timber Manufacturing Plant: Taxation (in US$/Year)
Table 20: Glue-Laminated Timber Manufacturing Plant: Depreciation (in US$/Year)
Table 21: Glue-Laminated Timber Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 22: Glue-Laminated Timber Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 23: Glue-Laminated Timber Manufacturing Plant: Profit and Loss Account (in US$/Year)