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 2021-2026”, finds that the global glue-laminated timber market reached a value of US$ 3.67 Billion in 2020.
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. Looking forward, the global glue-laminated timber market is expected to exhibit moderate growth during the next five years.
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, Ecocurves, Fforest 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 reached a value of US$ 3.67 Billion in 2020.
According to the estimates by IMARC Group, the global glue-laminated timber market is expected to exhibit moderate growth during the next five years.
The rising demand for wood-based construction materials on account of their numerous benefits, such as high thermal performance, chemical resistance, and enhanced durability, represents one of the key drivers for the global glue-laminated timber market.
The growing adoption of sustainable construction materials that offers flexibility of shape and size represents one of the key trends in the global glue-laminated timber market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in various construction activities, thereby limiting the demand for glue-laminated timber.
On the basis of the application, the market has been bifurcated into replacement and new construction. Currently, new construction holds the majority of the total market share.
On the basis of the end-use, the market has been divided into floor beams, window and door headers, trusses and supporting columns, roof beams and others. Among these, floor beams represent the largest segment.
Region-wise, the market has been classified into North America, Europe, Latin America, Asia Pacific, Middle East and Africa, where Europe dominates the global market.
The key companies in the global glue-laminated timber market are Structural Wood Systems, Inc., Mayr-Melnhof Holz Holding AG, EcoCurves BV, Forest Timber Engineering Ltd., Boise Cascade Company, etc.
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