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Cross-Laminated Timber (CLT) Market Growth Analysis and Future Business Opportunities to 2025
Cross-Laminated Timber (CLT) Market
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The Indian construction industry is also growing rapidly due to higher population growth rate, rapid industrialization & urbanization and rising disposable income. Favorable government initiatives, such as 100% foreign direct investment for construction development under automatic route which includes townships, built-up infrastructure, housing is also a chief factor driving the construction activities in the country. These trends will have positive impact on cross-laminated timber market size. On the other hand, ongoing and increasing number of upcoming construction projects across the world will also boost the global construction industry, which in turn will drive the demand for Cross-Laminated Timber (CLT) Market in coming years.
Government of many countries have backed-up the construction practices in which concrete is replaced by wood, to reduce the carbon dioxide emission. Additionally, advantages associated with wood-based construction, which includes waste reduction, environment friendly, cost-efficiency and superior quality will further drive the cross-laminated timber demand in near future. However, regulations regarding the use of solvents or adhesives for cross-laminated timber production coupled with limited availability of sustainable wood might hamper the Cross-Laminated Timber (CLT) Market demand in coming years.
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The Chinese government has planned to relax many measures that were imposed earlier for the purpose of reining in excessive debt-driven investment in the construction sector that was resulting in excess capacity and oversupply in infrastructure and real estate. This move is aimed towards reinvigoration of construction industry demand in the country. For instance, in 2018, the state council issued guidelines to attract investments in various infrastructure projects, especially for airports, roads, railways and waterways. Such developments will augment the Chinese construction market which will in turn propel the Cross-Laminated Timber (CLT) Market growth.
Key players in Cross-Laminated Timber (CLT) Market share include HASSLACHER Holding, BinderholzBausysteme, Stora Enso, KLH Massivholz, Eugen Decker Holzindustrie, Structurlam (Structurlam Mass Timber Corporation), Ed. Züblin AG, Nordic Structures, Sterling Lumber Company, W. u. J. Derix, etc.
Related News: https://www.marketwatch.com/press-release/cross-laminated-timber-clt-market-2019-by-regional-industry-trends-growth-forecast-to-2025-2019-10-09
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