July 17, 2024

Cross Laminated Timber Market Size to Record 14.6% CAGR Through 2030

The global Cross Laminated Timber market size is expected to be worth around US$ 6.7 billion by 2030, according to a new report by Vision Research Reports.

The global Cross Laminated Timber market size was valued at US$ 1050 million in 2020 and is anticipated to grow at a CAGR of 14.6% during forecast period 2021 to 2030.

Cross Laminated Timber

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Cross Laminated Timber Market Growth Factors

Growing demand for lightweight, durable, and sustainable construction materials in residential, institutional, and commercial applications is anticipated to benefit market growth.

CLT is widely used in various applications such as residential, commercial, institutional, and other segments. The intrinsic properties of CLT such as high thermal performance, sound insulation, earthquake resistance, fire resistance, lightweight, durability, and low manufacturing costs are anticipated to promote the product demand, thereby driving the market growth.

Cross Laminated Timber Market Report Coverage
Report Scope Details
Market Size US$ 6.7 billion by 2030
Growth Rate CAGR of 14.6% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Stora Enso Oyj; Mayr-MelnhofHolz Holding AG; Binderholz GmbH; XLam; Sterling Company; SchilligerHolz AG; KLH Massivholz GmbH; B&K Structures; Eugen Decker &WebMan; Structurlam Mass Timber Corporation; SmartLam NA. MEIKEN LAMWOOD Corp

By Application Analysis

The residential application segmented the market and accounted for more than 45.3% of the global revenue share in 2020, owing to the rising use of eco-friendly construction materials and seismic bearing capacity, is expected to result in increased consumption in earthquake-prone areas, such as Japan, India, and Mexico, over the forecast period.

The high structural strength and recyclability of cross laminated timber are expected to drive market growth in the residential sector. Rising investments by governments across various countries in Asia Pacific, North America, and Europe

The cross laminated timber is used in various institutional places such as schools, colleges, and research institutes for building walls, floors, and ceilings in classrooms, libraries, laboratories, and amphitheaters. This is attributed to the excellent acoustic properties and aesthetic appeal of the material, thereby benefiting the market growth.

The usage of cross laminated timber in several commercial buildings such as offices, malls, hospitals, and restaurants is expected to rise over the forecasted period, owing to its wide benefits such as fast installation,

By Regional Analysis

Europe dominated the cross laminated timber market and accounted for over 58.8% share of global revenue in 2020, owing to the green building movement initiated in the region.

The cross-laminated timber market in North America is majorly driven by the demand from the U.S. Strong growth in application industries in Canada and Mexico is further likely to provide growth prospects to the regional demand for cross laminated timber products.

Read also @ Growth of Global Precious Metal Plating Market Report Till 2030

Major Key Players Covered in The Cross Laminated Timber Market Report include
  • Stora Enso Oyj
  • Mayr-MelnhofHolz Holding AG
  • Binderholz GmbH
  • XLam
  • Sterling Company
  • SchilligerHolz AG
  • KLH Massivholz GmbH
  • B&K Structures
  • Eugen Decker & WebMan
  • Structurlam Mass Timber Corporation
  • SmartLam NA
  • MEIKEN LAMWOOD Corp
Cross Laminated Timber Market Segmentation
  • By Product
    • Adhesive Bonded Cross Laminated Timber
    • Mechanically Fastened Cross Laminated Timber
  • By Application
    • Residential
    • Institutional
    • Commercial
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Austria
      • Germany
      • Switzerland
      • Italy
    • Asia Pacific
      • New Zealand
      • China
      • Japan
      • Australia
    • Central & South America
    • Middle East & Africa

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Cross Laminated Timber Market, By Product

7.1.  Cross Laminated Timber Market, by Product, 2021-2030

7.1.1.    Adhesive Bonded Cross Laminated Timber

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Mechanically Fastened Cross Laminated Timber

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Cross Laminated Timber Market, By Application

8.1.  Cross Laminated Timber Market, by Application, 2021-2030

8.1.1.    Residential

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Institutional

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Commercial

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Cross Laminated Timber Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Stora Enso Oyj

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Mayr-MelnhofHolz Holding AG

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Binderholz GmbH

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              XLam

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Sterling Company

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              SchilligerHolz AG

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              KLH Massivholz GmbH

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              B&K Structures

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Eugen Decker & WebMan

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           Structurlam Mass Timber Corporation

10.10.1.               Company Overview

10.10.2.               Product Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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