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 2019-2024”, finds that the glue-laminated timber market reached a value of US$ 3.6 Billion in 2018, growing at a CAGR of 4.1% during 2011-2018.
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 further expected to reach a value of US$ 4.2 Billion by 2024.
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.
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