Global Cross Laminated Timber (CLT) Market Forecasted to Surge at a Remarkable CAGR of 15.1% during 2017-2025

The global market discussion on the cross laminated timber (CLT) can be found in a newly added report on Market Research Reports Search Engine’s comprehensive database. The study is titled as “Cross Laminated Timber (CLT) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, which provides readers with a complete analysis of the global market through the detailed assessment of the segmentation of cross laminated timber market and the market’s competitive dynamics by profiling leading market players.

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Cross laminated timber is a prefabricated engineered wood panel that is made up of three to four layers of solid-sawn lumber or composite lumber. Across the world, it is considered as an advanced building material in the construction industry due to its superior properties. It has been noted that Cross laminated timber is a large sized building material that is generally used for applications such as residential buildings, educational institutes, government buildings, and industrial and commercial spaces. As per the active research evaluations, the global demand for cross laminated timber or CLT market was valued at around US$ 670.2 Mn in 2016, which is anticipated to expand at a stable CAGR of 15.1% during the forecast period from 2017 to 2025.

This 258-pages study initiates with an executive summary which offers highlights and gist of the report. In the market overview section, an in-depth qualitative assessment of factors that are responsible for driving and limiting the growth of this market and for its future opportunities has been presented. For a better understanding of the global market for cross laminated timber, the analysts have broadcasted the market into MEA, North America, Latin America, Asia Pacific and Europe.

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Some of the major highlights from the study include-

Cross laminated timber reduces the impact of construction activity on the environment and decreases disruption in local communities. Due to this, the demand has been increasing steadily. It also helps in keeping the environment clean by generating zero waste during its production.
In terms of geography, the study examines that Cross laminated timber has wider usage in Europe as compared to other regions in the world. Presently, Europe accounts for a major share of over 50% of the global cross laminated timber or CLT market.
Moving further, the market has been segmented on the basis of product, and application. In terms of product, the cross laminated timber market can be classified into adhesive bonded CLT and mechanically fastened CLT. Applications are residential buildings, educational institutes, government/public buildings, and industrial & commercial spaces. Based on market segmentation, the readers will infer the details of key areas of the market.
Later, the report covers detailed competitive view that includes market share and profiles of crucial players operating in the global market. Some of them are Stora Enso, Eugen Decker Holzindustrie KG, Mayr-Melnhof Holz Holding AG, KLH Massivholz GmbH, HASSLACHER Holding GmbH, Structurlam Mass Timber Corporation, Ed. Züblin AG, Sterling Lumber Company, and W. u. J. Derix GmbH & Co.

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