The latest report by IMARC Group, titled “North America Glue-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that North America Glue-Laminated Timber Market size has reached a volume of 426,290 Cubic Meters in 2021. Glue-laminated timber refers to a kind of engineered wood product manufactured by bonding various individual pieces of timber together through moisture-resistant and resilient adhesives. They provide high resistance and stiffness in exposed and corrosive environments and also offer thermal insulation. It also reduces waste production by minimizing product damage and disposable costs. In recent years, glue-laminated timber has been significantly used in North America as an attractive architectural and structural building material for beams, columns, heavy trusses, and headers.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
North America Glue-Laminated Timber Market Trends:
One of the primary factors driving the market is the enhancement in building and interior designs. Additionally, the extensive utilization of glue-laminated timber as it is the sustainable and innovative material used in the building and construction industry is positively influencing the market growth. Besides this, the market is propelled by technical advancements and usage of glue-laminated timber and other engineering wood products such as cross-laminated timber. Furthermore, the rising product employment in the construction of residential and commercial buildings is catalyzing the market growth. Apart from this, the aesthetic designs, design flexibility, high engineering efficiency, and higher structural performance of glue-laminated timber have escalated its demand. Moreover, the rising environmental concerns have resulted in the adoption of glue-laminated timber as a building material has also accelerated the product adoption rate. Another major growth-inducing factor includes easy financing options available for private housing. Looking forward, IMARC Group expects the market value to reach a volume of 434,240 Cubic Meters by 2027.
- Based on the end use, the market has been divided into floor beams, window and door header, trusses and supporting columns, roof beams, and others.
- On the basis of the application, the market has been bifurcated into new construction and replacement.
- Region-wise, the market has been classified into United States, Canada, and Mexico.
- The competitive landscape of the market has also been analyzed, along with the detailed profiles of key players operating in the industry.
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