Global Cross Laminated Timber (CLT) Market 2018-Cross-Laminated Timber Could Lead A Mid-Rise Revolution
Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity in Europe Others and Austria as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. The system consists of multilayer panels made from solid wood boards stacked crosswise and glued together. The cross-laminated configuration improves rigidity, dimensional stability, and mechanical properties. Structurally, CLT offers performance comparable to concrete or steel, with panels suitable for use as walls, floors, and roofs and other applications
Rising awareness about the environmental hazards caused by the use of cement concrete in infrastructure construction coupled with rising number of cross laminated timber manufacturers and increasing demand for green homes are factors propelling the market growth.
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Industry Top Player’s
Stora Enso, Binderholz, KLH Massivholz GmbH, Mayr-Melnhof Holz, MHM Abbund-Zentrum, Hasslacher Norica, Merk Timber, Lignotrend, Eugen Decker, Thoma Holz, Schilliger Holz, W. u. J. Derix, HMS Bausysteme, Structurlam
The shift from concrete-based construction to wood-based construction along with supportive government initiatives around the world is positively influencing the market. In addition, decreasing overall cost of CLT construction owing to the increasing number of suppliers and shorter construction time is responsible for rise in demand.
The demand for wooden residential buildings, such as single-family homes and multifamily apartments, is increasing due to their aesthetic appeal and design flexibility. The improved fire resistance quality and earthquake-proof offered by cross laminated timber structure are expected to augment the market growth over the forecast period.
Institutional and commercial segments are expected to collectively account for 46.9% of the global market in 2025. The demand for these segments is attributed to low cost of construction and easy maintenance of cross laminated timber structures. Innovations in building and designing technologies are projected to boost the demand for cross laminated timber products over the forecast period.
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Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
• Adhesive-bonded CLT
• Mechanically Fastened CLT
Market Segment by Applications, can be divided into
• Residential Building
• Commercial Building
• Institutional Building
• Industrial Facility
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