Press release
Cross Laminated Timber (CLT) Market to Witness Robust Expansion by 2023
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.
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Global Cross Laminated Timber (CLT) Market: Forecast by Type / Application / Region
Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity in Europe and North America as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. Generally, there are two types of cross-laminated timber (CLT) such as adhesive-bonded CLT and mechanically fastened CLT. Adhesive-bonded CLT is a common cross-laminated timber (CLT). In 2016, sales of adhesive-bonded CLT took a share of 91.38%.
Global major cross-laminated timber (CLT) production regions are Austria, Germany and other Europe region. Austria is a largest produce country. Global consumption regions are also concentrated in Europe. In 2016, Austria consumed about 41.40% of global total consumption. Germany consumed about 169.6 K Sq.m, with a share of 15.55%.
Over the next five years, LPI(LP Information) projects that Cross Laminated Timber (CLT) will register a 9.1% CAGR in terms of revenue, reach US$ 980 million by 2023, from US$ 640 million in 2017.
Global Cross Laminated Timber (CLT) Market: Key Players
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
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Related Information:
United States Cross Laminated Timber (CLT) Market Research Report 2018
Europe Cross Laminated Timber (CLT) Market Research Report 2018
North America Cross Laminated Timber (CLT) Market Research Report 2018
Asia-Pacific Cross Laminated Timber (CLT) Market Research Report 2018
China Cross Laminated Timber (CLT) Market Research Report 2018
EMEA Cross Laminated Timber (CLT) Market Research Report 2018
Global Cross Laminated Timber (CLT) Market Research Report 2018
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