Japan Cross Laminated Timber (CLT) Market Report by Application (Residential, Government/Public Buildings, Commercial Buildings, Educational Institutes) 2024-2032

Japan Cross Laminated Timber (CLT) Market Report by Application (Residential, Government/Public Buildings, Commercial Buildings, Educational Institutes) 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1038
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Market Overview:

The Japan cross laminated timber (CLT) market size reached 80,776.3 Cubic Metre in 2023. Looking forward, IMARC Group expects the market to reach 215,505.7 Cubic Metre by 2032, exhibiting a growth rate (CAGR) of 11.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023
80,776.3 Cubic Metre
Market Forecast in 2032
215,505.7 Cubic Metre
Market Growth Rate 2024-2032 11.2%

Over the past few years, Japan has been witnessing a shift from concrete construction materials to sustainable alternatives like cross laminated timber. This can be attributed to the rising environmental concerns coupled with advantageous properties of cross laminated timber which include lightweight, strength, durability, stability, design variety, enhanced insulation and fire resistance. Cross-laminated timber has applications as a structural material for a range of components such as walls, floors and ceilings. CLT utilises a higher amount of timber compared to conventional Japanese homes that are constructed with pillars. The widespread applications of CLT appear to be promising for boosting lumber demand, as CLT can be used even in public and commercial structures that are four stories or higher — structures that were earlier considered difficult to be built with timber.

The government in Japan is also playing an important role in driving the demand of CLT in the country. In 2010, the Promotion of Use of Wood in Public Buildings Act was passed by the Japanese government. This act requires all government buildings up to three stories high to be constructed with wood, or to utilize wood. The Forest Agency in the country is also developing a road map in utilising CLT, a follow on to the Promotion for the Use of Wood in Public Buildings Act. The Agency is providing subsidies to drive the establishment of CLT facilities with a target of increasing the country’s CLT production capacity that can supply to both the domestic and international markets. Moreover, as Japan is situated, on the joint of four different plates, it is vulnerable to earthquakes. Cross laminated timber structures have been found to be more resilient to earthquakes compared to many other types of building materials. This has also resulted in an increasing demand for cross laminated timber in the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Japan cross laminated timber (CLT) market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on application.

Breakup by Application:

Japan Cross Laminated Timber (CLT) Market Report

  • Residential
  • Government/Public Buildings
  • Commercial Buildings
  • Educational Institutes

On the basis of application, the cross laminated timber (CLT) market in Japan is segmented as Residential, Government/Public Buildings, Commercial Buildings and Educational Institutes.

Competitive Landscape:

The market is concentrated in nature with the presence of only a few manufacturers who are competing against each other in terms of price and quality. Some of the leading players operating in the market are:

  • Meiken Lamwood Corporation
  • Middle East Co. Ltd.
  • Yamasa Mokuzai Co. Ltd.

This report provides a deep insight into the Japan cross laminated timber (CLT) market 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. 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 Japanese cross laminated timber industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Cubic Metre, US$ Million 
Applications Coverage Residential, Government/Public Buildings, Commercial Buildings, Educational Institutes
Companies Covered Meiken Lamwood Corporation, Middle East Co. Ltd. and Yamasa Mokuzai Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The Japan cross laminated timber (CLT) market reached a volume of 80,776.3 Cubic Metre in 2023.

We expect the Japan cross laminated timber (CLT) market to exhibit a CAGR of 11.2% during 2024-2032.

The growing adoption of CLT based construction materials over conventional counterparts, as they are flexible, lightweight, resilient to earthquakes, durable, etc., is currently driving the Japan cross laminated timber (CLT) market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in the temporary halt in numerous construction activities, thereby limiting the demand for CLT.

Based on the application, the Japan cross laminated timber (CLT) market can be segmented into residential, government/public buildings, commercial buildings, and educational institutes. Currently, the residential sector holds the majority of the total market share.

Some of the major players in the Japan cross laminated timber (CLT) market include Meiken Lamwood Corporation, Middle East Co. Ltd. and Yamasa Mokuzai Co. Ltd.

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Japan Cross Laminated Timber (CLT) Market Report by Application (Residential, Government/Public Buildings, Commercial Buildings, Educational Institutes) 2024-2032
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