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Cross-laminated Timber Market Report and Forecast 2021-2026

Cross-laminated Timber Market Report and Forecast 2021-2026

The global cross-laminated timber market reached a value of US$ 1.07 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

Cross-laminated timber (CLT) refers to a prefabricated panel that is manufactured by gluing several layers of kiln-dried lumber boards crosswise. Earlier, it was utilized for replacing cement and steel during building activities; however, with rapid technological advancements, CLT has emerged as a primary construction material for building low to mid-rise infrastructures. Owing to this, several leading manufacturers are combining CLT elements with other building materials for providing more flexibility, improved designs and better-finished structures.

Market Drivers:

Furthermore, the rising environmental concerns have prompted them to invest in eco-friendly green building materials, like CLT. For instance, Stora Enso, a Europe-based leading provider of renewable solutions in wood-based construction, is spending a considerable sum for the development of newer digital technologies and tools for building innovative wood-based solutions for construction. They have also inaugurated one of the world’s most modern production units for CLT that substitutes the use of fossil-based materials with renewable components.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global CLT (Cross-Laminated Timber) Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the major players operating in the industry include STORA ENSO OYJ (SEOAY), SmartLam LLC, KLH ( KLH ), Binderholz, Mayr-Melnhof Karton AG (MNHFY), Hasslacher, XLam Limited, Sterling Lumber, Schilliger Holz AG, B & K Structures, Eugen Decker Holzindustrie KG, Structurlam and Meiken Lamwood Corp.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/cross-laminated-timber-manufacturing-plant/requestsample

The report has segmented the market on the basis of Application, Product Type, Element Type, Raw Material Type, Bonding Method, Panel Layers, Adhesive Type, Press Type, Storey Class, Application Type, and Region.

Performance of Key Regions

Europe
North America
Asia-Pacific

Market by Application

Residential
Educational Institutes
Government/Public Buildings
Commercial Spaces

Market by Product Type

Custom CLT
Blank CLT

Market by Element Type

Wall Panels
Flooring Panels
Roofing Slabs
Others

Market by Raw Material Type

Spruce
Pine
Fir
Others

Market by Bonding Method

Adhesively Bonded
Mechanically Fastened

Market by Panel Layers

3-Ply
5-Ply
7-Ply
Others

Market by Adhesive Type

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

Market by Press Type

Hydraulic Press
Vacuum Press
Pneumatic Press
Others

Market by Storey Class

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

Market by Application Type

Structural Applications
Non-Structural Applications

Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert: https://www.imarcgroup.com/cross-laminated-timber-manufacturing-plant/

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Contact Us

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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