Cross Laminated Timber Market : In-Depth Industry Analysis on Size, Cost Structure and Prominent Key Players Analysis

SDKI Inc. published a new research report on "Cross-laminated Timber Market-Forecast 2022-2031". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2031 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-92786

The cross-laminated timber market is estimated to reach approximately US $ 4,727 million by 2031, from a market value of approximately US $ 1,441 million in 2022, with a CAGR of 16% during the 2022-2031 forecast period. Is expected to grow in.

Cross Laminated Timber (CLT) is a laminated lumber used as a building material. Designed to complement the framing options for light and heavy wood. Due to its dimensional stability and high strength, it can be used as an alternative to steel, concrete and stone in many building types. It is more economical and environmentally friendly due to its low greenhouse gas emissions, is easy and quick to install because it is prefabricated, and is lightweight and durable for design flexibility.

Increased construction activity and increased demand from the education sector and residential and non-residential applications are key drivers of the growth of the cross-laminated timber market. This puts pressure on the supply of traditional materials and encourages developers to look for faster alternatives like CLT. In addition, the flexible design and high adaptability of the cross-laminated timber in stylish architecture also contributed to the growth of the cross-laminated timber market during the forecast period. However, the ability of wood to absorb moisture, and the lack of consumer awareness, could curb the growth of the cross-laminated timber market between 2022 and 2031.

With ecological concerns and uncertainties associated with pricing and trade in mind, various chemical manufacturers are working towards designing new business models to achieve sustainable goals. In addition, chemical manufacturers are expanding their product portfolios, investing in the latest applications and innovations accordingly. It is estimated that the main areas of change are focused on changing the energy supply to renewable resources, continuing investment in R & D activities, and reducing CO2 emissions and plastic waste. Companies are also aiming for net zero greenhouse gas emissions by 2050. These factors are driving the demand for experienced professionals and are estimated to create favorable business opportunities not only for existing market players but also for new entrants. Meanwhile, the demand for chemicals for construction, coatings, electronics, cleaners and disinfectants is estimated to continue to grow. China occupies a leading position in the production of chemicals in the world, accounting for about 40% of the world's chemical sales in 2019. The global chemical industry is witnessing a dramatic shift in the competitive environment as developing countries in Europe, Japan, the United States, and Asia gain a leading position in global chemical sales. Japan's chemical exports have shown YOY growth of around 30%, surpassing US $ 8.5 billion in April 2021. On the other hand, this underpinned the overall development of overseas shipments, with the United States and China having the highest market shares. These factors are estimated to drive market growth during the forecast period.

Report sample URL
https://www.sdki.jp/sample-request-92786

Cross-laminated timber market segment

The cross-laminated timber market is by application (residential, public, commercial), product type (custom, blank), bonding method (bonding, mechanical fixing), and raw material type (spruce, pine, fir). , Other), by end use (structural and non-structural applications), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional Overview of the Cross-Luminated Timber Market

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, the Middle East / Africa and more. The European region dominated the cross-laminated timber market in 2020. This is due to the green building movement initiated in the area. In addition, the trend to use wood products for construction applications is expected to support the growth of the cross-laminated timber market during the forecast period. Meanwhile, the growth of the cross-laminated timber market in North America is driven primarily by demand from the United States. In addition, the strong growth of the Canadian and Mexican application industries has the potential to provide growth prospects for regional demand for cross-laminated timber products.

For further analysis, each region is further subdivided into countries:

· Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, and other Asia Pacific)

· North America (US and Canada)

· Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Other Middle East and Africa)

· Latin America (Brazil, Mexico, Argentina, Other Latin America ) )

· Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Leading key player in the cross-laminated timber market

Cross-laminated Key players in the Timber market include Stora Enso, KLH, Binderholz, Mayr Melnhof, Hasslacher, Merk Timber, Lignotrend, Eugen Decker, Schilliger Holz and WUJ Derix. The survey includes in-depth competitive analysis, corporate profiles, recent developments, and key market strategies for these key companies in the cross-laminated timber market.

Details of the survey report
https://www.sdki.jp/press-details/cross-laminated-timber-market/646

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This release was published on openPR.