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The Russia cross laminated timber (CLT) market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Cross-laminated timber or CLT is a prefabricated, solid engineered wood pane consisting of several layers of lumber boards that are stacked crosswise and glued together to improve its dimensional stability, in-plane and out-of-plane strength, stiffness and splitting resistance. The CLT manufacturing involves lumber selection, lumber grading and jointing, adhesive application, planning and pressing. CLT is gaining popularity in both the residential and non-residential sectors due to its versatility, cost-effectiveness, strength and rigidity. This construction material is substituting older building techniques which have been used earlier in Russia.
The Russian cross-laminated timber market is currently witnessing a significant growth rate due to numerous favourable factors. Growing environmental concerns in the region have encouraged green solutions for the construction industry. Other benefits attached with the application of CLT such as faster construction time, cheaper built-up costs, strong seismic performance, design flexibility and increasing investments have further fueled the market growth.
IMARC Group’s latest report provides a deep insight into the Russia cross laminated timber 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 Russia cross laminated timber market in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||Sector, Product, Raw Material, Bonding Method, Application|
|Customization Scope||10% Free Customization|
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