Cross-Laminated Timber Market Size, Industry Overview, Outlook, Future Scope and Business Opportunities 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global cross-laminated timber market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the cross-laminated timber market?

Report Attributes Details
Market Size in 2022 2,105,690 Cubic Metres
Market Forecast in 2028  4,241,413 Cubic Metres
Growth rate (2023 to 2028) CAGR of 12.17%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is Cross-laminated timber?

Cross-laminated timber (CLT), or XLam, is a pre-assembled, engineered wood product that is frequently used as a suitable alternative to concrete, masonry, and steel materials. It is made by stacking, adjoining, and bonding multilayers of structural composite or solid-sawn wood. These layers are arranged in a cross-oriented form with glue to offer dimensional stability and improve stiffness and dimensional stability. Apart from this, CLT has strong structural qualities, high load-carrying capacity, enhanced thermal and sound insulation qualities, and is corrosion resistant. As a result, CLT is widely utilized in the construction of various residential and commercial complexes.

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What are the growth prospects and trends in the cross-laminated timber industry?

The escalating environmental consciousness and the implementation of green initiatives by governments of various countries to encourage the employment of a number of sustainable building resources, such as CLT, to minimize carbon emissions are primarily driving the market growth. Moreover, the rising need for cost-effective construction materials has facilitated the widespread adoption of CLT over concrete and steel in diverse infrastructural projects, which is favoring the market growth. Such products are lightweight, stable, and offer longevity in flexible design and stylish architecture. Additionally, the large-scale usage of bamboo and softwood as substitute raw materials to develop cross-laminated timber with higher product performance is propelling the market growth. Besides this, rapid urbanization, rising demand for green buildings, and significant technological advancements in the production processes to manufacture high-quality CLT with soundproofing properties are supporting the market growth.

Who are the key players operating in the industry?

The report covers the major market players including:

• Stora Enso
• Binderholz
• Mayr Melnhof
• Hasslacher
• XLam Limited
• Sterling Lumber
• Shilliger Holz AG
• Eugen Decker Holzindustrie KG
• Structurlam
• SmartLam
• Meiken Lamwood Corp.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Application:

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

Breakup by Product Type:

• Custom CLT
• Blank CLT

Breakup by Element Type:

• Wall Panels
• Flooring Panels
• Roofing Slabs
• Others

Breakup by Raw Material Type:

• Spruce
• Pine
• Fir
• Others

Breakup by Bonding Method:

• Adhesively Bonded
• Mechanically Fastened

Breakup by Panel Layers:

• 3-Ply
• 5-Ply
• 7-Ply
• Others

Breakup by Adhesive Type:

• PUR (Polyurethane)
• PRF (Phenol Resorcinol Formaldehyde)
• MUF (Melamine-Urea-Formaldehyde)
• Others

Breakup by Press Type:

• Hydraulic Press
• Vacuum Press
• Pneumatic Press
• Others

Breakup by Storey Class:

• Low-Rise Buildings (1-4 Storeys)
• Mid-Rise Buildings (5-10 Storeys)
• High-Rise Buildings (More than 10 Storeys)

Breakup by Application Type:

• Structural Applications
• Non-Structural Applications

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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