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North America Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Cross laminated timber (CLT) is an engineered wood product which was developed in Europe during the early 1990s. It is made by stacking layers of wood panel in alternating directions and bonding them with adhesives or fasteners. This arrangement helps in improving the strength, rigidity, dimensional stability and mechanical properties of the panels, and makes them suitable for load-bearing construction. In North America, CLT was first introduced during the early 2000s and, since then, its usage has gained momentum. It is now used either as a standalone system or in combination with other building materials in the construction of mid-rise and high-rise buildings for residential and commercial purposes. According to IMARC Group’s latest report, titled, “North America Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market was worth US$ 59.73 Million in 2018, registering a CAGR of 34.84% during 2013-2018. The report further anticipates the market to reach a value of nearly US$ 171 Million by 2024.

As CLT is made from trees, it is renewable and sustainable in nature and helps in storing carbon from the environment. The manufacture, transportation and assembly of CLT also require lesser energy as compared to concrete, bricks, mortar, etc. Since the governments in the North American region are focusing on green building solutions, these factors are facilitating the applications of CLT in the construction industry. Moreover, as CLT is prefabricated and requires minimal installation time, it is more cost-efficient and easier to install as compared to other construction materials. It also offers design flexibility and has a certain aesthetic appeal, which have made it popular among interior designers and architects. Owing to these forces, the North America CLT market is expected to grow at a rapid pace during the next few years.

The report has segmented the market on the basis of application. Some of the key application areas of CLT include residential, educational institutes, government and public buildings, and commercial spaces. On a regional basis, the report has segmented the market into the US and Canada. The report has also analysed the competitive landscape of the market with some of the key players being Structurlam, Nordic Engineered Wood, SmartLam and Sterling Lumber.

The report provides a techno-commercial roadmap for setting up a cross-laminated timber manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the North America cross-laminated timber market. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. It also offers SWOT, Value Chain and Porter’s Five Forces analysis followed by an analysis of the competitive landscape. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the North America cross-laminated timber market in any manner.

Key Questions Answered in This Report:

  • How has the North America cross laminated timber market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the North America cross laminated timber industry?
  • What are the key end-use segments in the North America cross laminated timber industry?
  • What are the price trends of cross laminated timber?
  • What are the various stages in the value chain of the cross laminated timber industry?
  • What are the key driving factors and challenges in the cross laminated timber industry?
  • What is the structure of the cross laminated timber industry and who are the key players?
  • What is the degree of competition in the cross laminated timber industry?
  • What are the profit margins in the cross laminated timber industry?
  • What are the key requirements for setting up a cross laminated timber manufacturing plant?
  • How is cross laminated timber manufactured?
  • What are the various unit operations involved in a cross laminated timber manufacturing plant?
  • What is the total size of land required for setting up a cross laminated timber manufacturing plant?
  • What are the machinery requirements for setting up a cross laminated timber manufacturing plant?
  • What are the raw material requirements for setting up a cross laminated timber manufacturing plant?
  • What are the packaging requirements for cross laminated timber?
  • What are the transportation requirements for cross laminated timber?
  • What are the utility requirements for setting up a cross laminated timber manufacturing plant?
  • What are the manpower requirements for setting up a cross laminated timber manufacturing plant?
  • What are the infrastructure costs for setting up a cross laminated timber manufacturing plant?
  • What are the capital costs for setting up a cross laminated timber manufacturing plant?
  • What are the operating costs for setting up a cross laminated timber manufacturing plant?
  • What will be the income and expenditures for a cross laminated timber manufacturing plant?
  • What is the time required to break-even?

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    North America Cross Laminated Timber Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Price Analysis
        5.3.1   Key Price Indicators
        5.3.2    Price Structure
        5.3.3    Price Trends
    5.4    Market Breakup by Region
    5.5    Market Breakup by Application
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
             5.8.1    Overview
             5.8.2    Forest Owners
             5.8.3    Sawmills
             5.8.4    Cross Laminated Timber Manufacturers
             5.8.5    Distributors and Retailers
             5.8.6    Exporters
             5.8.7    End-Use Industries
    5.9    Porter’s Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Rivalry
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
    5.10    Key Market Drivers and Success Factors
6    Performance of Key Regions
    6.1    United States
        6.1.1    Historical market Trends
        6.1.2    Key Players
        6.1.3    Market Forecast
    6.2    Canada
        6.2.1    Historical market Trends
        6.2.2    Key Players
        6.2.3    Market Forecast 
7    Market Breakup by Application
    7.1    Residential
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Educational Institutes
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Government/Public Buildings
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Commercial Space
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Competitive Landscape
    8.1    Competitive Structure
    8.2    Production Capacities of Key Players
9    Environmental Impact/Benefit Analysis
10    Financial Impact/Benefit Analysis
11    Cross Laminated Timber Manufacturing Process

    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Unit Operations 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 Layout
    12.4    Plant Machinery
    12.5    Machinery Pictures
    12.6    Raw Material Requirements and Expenditures
    12.7    Raw Material and Final Product Pictures
    12.8    Packaging Requirements and Expenditures
    12.9    Transportation Requirements and Expenditures
    12.10    Utility Requirements and Expenditures
    12.11    Manpower Requirements and Expenditures
    12.12    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    Income Projections
    14.5    Expenditure Projections
    14.6    Taxation and Depreciation
    14.7    Financial Analysis
    14.8    Profit Analysis
15    Key Player Profiles
    15.1    Structurlam Products Ltd.
    15.2    Nordic Structures
    15.3    SmartLam
    15.4    Sterling Lumber
    15.5    D.R. Johnson Lumber Co.
    15.6    StructureCraft
    
List of Figures

Figure 1: North America: CLT Market: Production Volumes (in Cubic Metres), 2013-2018
Figure 2: North America: CLT Market: Production Values (in Million US$), 2013-2018
Figure 3: North America: Cross laminated Timber Market: Price Structure (in US$/Cubic Metre)
Figure 4: North America: Cross laminated Timber Market: Average Prices (in US$/Cubic Metres), 2013-2024
Figure 5: North America: CLT Market: Breakup by Country (in %), 2018
Figure 6: North America: CLT Market: Breakup by Application (in %), 2018
Figure 7: North America: CLT Market Forecast: Production Volumes (in Cubic Meters), 2019-2024
Figure 8: North America: CLT Market Forecast: Production Value (in Million US$), 2019-2024
Figure 9: North America: CLT Industry: SWOT Analysis
Figure 10: North America: CLT Industry: Value Chain Analysis
Figure 11: North America: CLT Industry: Porter’s Five Forces Analysis
Figure 12: United States: CLT Market: Volume Trends (in Cubic Metres), 2013-2018
Figure 13: United States: CLT Market Forecast: Volume Trends (in Cubic Metres), 2019-2024
Figure 14: Canada: CLT Market: Volume Trends (in Cubic Metres), 2013-2018
Figure 15: Canada: CLT Market Forecast: Volume Trends (in Cubic Metres), 2019-2024
Figure 16: North America: CLT Market (Application in Residential Sector): Sales Volume (in Cubic Metres), 2013-2018
Figure 17: North America: CLT Market Forecast (Application in Residential Sector):  Sales Volume (in Cubic Metres), 2019-2024
Figure 18: North America: CLT Market (Application in Commercial Space):  Sales Volume (in Cubic Metres), 2013-2018
Figure 19: North America CLT Market Forecast (Application in Commercial Space):  Sales Volume (in Cubic Metres), 2019-2024
Figure 20: North America: CLT Market (Application in Educational Institutes):  Sales Volume (in Cubic Metres), 2013-2018
Figure 21: North America CLT Market Forecast (Application in Educational Institutes):  Sales Volume (in Cubic Metres), 2019-2024
Figure 22: North America: CLT Market (Application in Government/Public buildings):  Sales Volume (in Cubic Metres), 2013-2018
Figure 23: North America CLT Market Forecast (Application in Government/Public buildings):  Sales Volume (in Cubic Metres), 2019-2024
Figure 24: Environmental Impact Comparison: CLT over Concrete
Figure 25: North America: CLT Industry: Five Storey Building Cost Comparison
Figure 26: CLT Manufacturing Plant: Detailed Process Flow
Figure 27: CLT Manufacturing Process: Conversion Rate of Products
Figure 28: CLT Manufacturing Plant: Proposed Plant Layout
Figure 29: CLT Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 30: CLT Industry: Margins Across Various Stages of the Supply Chain
Figure 31: CLT Production: Manufacturing Cost Breakup (in %)
 
List of Tables

Table 1: North America: CLT Market: Key Industry Highlights, 2018 and 2024
Table 2: United States: Top CLT Manufacturers
Table 3: Canada: Top CLT Manufacturers
Table 4: North America: CLT Market Forecast: Breakup by Application (in Cubic Metres), 2019-2024
Table 5: North America: Top CLT Producers with Annual Production Capacities
Table 6: Quality Benefit Analysis: CLT over Concrete
Table 7: Cost Analysis: CLT over Concrete
Table 8: CLT Manufacturing Plant: Raw Material Requirements (in CBM/Day)    
Table 9: CLT Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 10: CLT Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 11: CLT Manufacturing Plant: Machinery Costs (in US$)
Table 12: CLT Manufacturing Plant: Raw Material Requirements (in CBM/Day) and Expenditures (in US$/CBM) 
Table 13: CLT Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: CLT Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: CLT Manufacturing Plant: Capital Costs (in US$)
Table 17: CLT Manufacturing Plant: Techno-Economic Parameters
Table 18: CLT Manufacturing Plant: Income Projections (in US$)
Table 19: CLT Manufacturing Plant: Expenditure Projections (in US$)
Table 20: CLT Manufacturing Plant: Taxation (in US$) 
Table 21: CLT Manufacturing Plant: Depreciation (in US$) 
Table 22: CLT Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 23: CLT Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 24: CLT Manufacturing Plant: Profit and Loss Account (in US$) 

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