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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

North America Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The North America cross-laminated timber market reached US$ 80 Million in 2019. 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.

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. Looking forward, IMARC Group expects the North America cross-laminated timber market to continue to grow during the forecast period (2020-2025).

Breakup by Application:

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

 

Breakup by Region:

  • United States
  • Canada

 

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being D.R. Johnson Lumber Co., Nordic Structures, SmartLam, Sterling Lumber, StructureCraft., and Structurlam Products Ltd.

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 has been the impact of COVID-19 on the North America cross-laminated timber market ?
  • What is the breakup of the market based on the Application?
  • What are the key regional markets?
  • What are the various stages in the value chain in the industry?
  • What are the key driving factors and challenges in the market?
  • What are the price trends of cross laminated timber?
  • 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?
  • What is the structure of the North America cross laminated timber market and who are the key players?
  • What is the degree of competition in the market?

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 Market
   5.1    Market Overview
   5.2    Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
   5.3    Impact of COVID-19
   5.4    Market Forecast
6    Market Breakup by Application
    6.1    Residential 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Educational Institutes
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Government/ Public Buildings
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Commercial Space
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Region
    7.1    United States
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Canada
        7.2.1 Market Trends
        7.2.2 Market Forecast     
8    SWOT Analysis
    8.1    Overview
    8.2    Strengths
    8.3    Weaknesses
    8.4    Opportunities
    8.5    Threats
9    Value Chain Analysis
    9.1    Overview
    9.2    Forest Owner
    9.3    Sawmills
    9.4    Cross Laminated Timber Manufacturers
    9.5    Distributors and Retailers
    9.6    Exporters
    9.7    End-Use Industries
10    Porter’s Five Forces Analysis
    10.1    Overview
    10.2    Bargaining Power of Buyers
    10.3    Bargaining Power of Suppliers
    10.4    Degree of Competition
    10.5    Threat of New Entrants
    10.6    Threat of Substitutes
11    Key Market Drivers and Success Factors
12    Price Indicators

    12.1    Key Price Indicators
    12.2    Price Structure
    12.3    Price Trends
13    Environmental Impact/Benefit Analysis
14    Financial Impact/Benefit Analysis 
15    Cross Laminated Timber Manufacturing Process

    15.1    Product Overview
    15.2    Detailed Process Flow 
    15.3    Various Types of Unit Operations Involved
    15.4    Mass Balance and Raw Material Requirements    
16     Project Details, Requirements and Costs Involved
    16.1    Land Requirements and Expenditures
    16.2    Construction Requirements and Expenditures
    16.3    Plant Layout
    16.4    Plant Machinery
    16.5    Machinery Pictures
    16.6    Raw Material Requirements and Expenditures
    16.7    Raw Material and Final Product Pictures
    16.8    Packaging Requirements and Expenditures
    16.9    Transportation Requirements and Expenditures
    16.10    Utility Requirements and Expenditures
    16.11    Manpower Requirements and Expenditures
    16.12    Other Capital Investments
17    Loans and Financial Assistance
18    Project Economics

    18.1    Capital Cost of the Project
    18.2    Techno-Economic Parameters
    18.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    18.4    Income Projections
    18.5    Expenditure Projections
    18.6    Taxation and Depreciation
    18.7    Financial Analysis
    18.8    Profit Analysis
19    Competitive Landscape
    19.1    Market Structure
    19.2    Production Capacities of Key Players
    19.3    Profiles of Key Players
        19.3.1   D.R. Johnson Lumber Co.
    19.3.2   Nordic Structures
       19.3.3   SmartLam 
      19.3.4   Sterling Lumber
      19.3.5   StructureCraft
      19.3.6   Structurlam Products Ltd.

List of Figures

Figure 1: North America: CLT Market: Major Drivers and Challenges
Figure 2: North America: CLT Market: Production Volumes (in Cubic Metres), 2014-2019
Figure 3: North America: CLT Market: Production Values (in Million US$), 2014-2019
Figure 4: North America: CLT Market: Breakup by Application (in %), 2019
Figure 5: North America: CLT Market: Breakup by Region (in %), 2019
Figure 6: North America: CLT Market Forecast: Production Volumes (in Cubic Meters), 2020-2025
Figure 7: North America: CLT Market Forecast: Production Value (in Million US$), 2020-2025
Figure 8: North America: CLT (Residential Sector) Market: Sales Volume (in Cubic Metres), 2014 & 2019
Figure 9: North America: CLT (Residential Sector) Market Forecast:  Sales Volume (in Cubic Metres), 2020-2025
Figure 10: North America: CLT (Educational Institutes) Market:  Sales Volume (in Cubic Metres), 2014 & 2019
Figure 11: North America CLT (Educational Institutes) Market Forecast:  Sales Volume (in Cubic Metres), 2020-2025
Figure 12: North America: CLT (Government/Public buildings) Market:  Sales Volume (in Cubic Metres), 2014 & 2019
Figure 13: North America CLT (Government/Public buildings) Market Forecast:  Sales Volume (in Cubic Metres), 2020-2025
Figure 14: North America: CLT (Commercial Space) Market:  Sales Volume (in Cubic Metres), 2014 & 2019
Figure 15: North America CLT Market (Commercial Space) Forecast:  Sales Volume (in Cubic Metres), 2020-2025
Figure 16: United States: CLT Market: Volume Trends (in Cubic Metres), 2014 & 2019
Figure 17: United States: CLT Market Forecast: Volume Trends (in Cubic Metres), 2020-2025
Figure 18: Canada: CLT Market: Volume Trends (in Cubic Metres), 2014 & 2019
Figure 19: Canada: CLT Market Forecast: Volume Trends (in Cubic Metres), 2020-2025
Figure 20: North America: CLT Industry: SWOT Analysis
Figure 21: North America: CLT Industry: Value Chain Analysis
Figure 22: North America: CLT Industry: Porter’s Five Forces Analysis
Figure 23: North America: Cross laminated Timber Market: Price Structure (in US$/Cubic Metre)
Figure 24: North America: Cross laminated Timber Market: Average Prices (in US$/Cubic Metres), 2014-2025
Figure 25: Environmental Impact Comparison: CLT over Concrete
Figure 26: North America: CLT Industry: Five Storey Building Cost Comparison
Figure 27: CLT Manufacturing Plant: Detailed Process Flow
Figure 28: CLT Manufacturing Process: Conversion Rate of Products
Figure 29: CLT Manufacturing Plant: Proposed Plant Layout
Figure 30: CLT Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 31: CLT Industry: Margins Across Various Stages of the Supply Chain
Figure 32: CLT Production: Manufacturing Cost Breakup (in %)

 

List of Tables
Table 1: North America: CLT Market: Key Industry Highlights, 2019 and 2025
Table 2: North America: CLT Market Forecast: Breakup by Application (in Cubic Metres), 2020-2025
Table 3: North America: CLT Market Forecast: Breakup by Region (in Cubic Metres), 2020-2025
Table 4: Quality Benefit Analysis: CLT over Concrete
Table 5: Cost Analysis: CLT over Concrete
Table 6: CLT Manufacturing Plant: Raw Material Requirements (in CBM/Day)    
Table 7: CLT Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: CLT Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: CLT Manufacturing Plant: Machinery Costs (in US$)
Table 10: CLT Manufacturing Plant: Raw Material Requirements (in CBM/Day) and Expenditures (in US$/CBM) 
Table 11: CLT Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 12: CLT Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 13: Details of Financial Assistance Offered by Financial Institutions
Table 14: CLT Manufacturing Plant: Capital Costs (in US$)
Table 15: CLT Manufacturing Plant: Techno-Economic Parameters
Table 16: CLT Manufacturing Plant: Income Projections (in US$)
Table 17: CLT Manufacturing Plant: Expenditure Projections (in US$)
Table 18: CLT Manufacturing Plant: Taxation (in US$) 
Table 19: CLT Manufacturing Plant: Depreciation (in US$) 
Table 20: CLT Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 21: CLT Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 22: CLT Manufacturing Plant: Profit and Loss Account (in US$)
Table 23: North America: CLT Market: Competitive Structure
Table 24: North America: Top CLT Producers with Annual Production Capacities

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