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The North America cross-laminated timber market was valued at US$ 129.3 Million in 2021.
We expect the North America cross-laminated timber market to exhibit a CAGR of 18.17% during 2022-2027.
The rising consumer inclination towards CLT based on its design flexibility, large floor space, strong seismic performance, etc., is currently driving the North America cross-laminated timber market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the region resulting in temporary halt in numerous construction activities, thereby limiting the demand for CLT.
Based on the application, the North America cross-laminated timber market can be segmented into residential, educational institutes, government/public buildings, and commercial spaces. Currently, the residential sector holds the majority of the total market share.
On a regional level, the market has been classified into United States and Canada, where Canada currently dominates the North America cross-laminated timber market.
Some of the major players in the North America cross-laminated timber market include D.R. Johnson Lumber Co., Nordic Structures, SmartLam NA, Sterling Lumber, StructureCraft. and Structurlam Mass Timber Corporation.
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