Cross-Laminated Timber Market 2022, Size, Share, Trends, Growth and Competitive Analysis

According to the latest report by IMARC Group titled "Cross-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" the global cross-laminated timber market reached a volume of 1,853,437 Cubic Metres in 2021. Looking forward, IMARC Group expects the market to reach 3,777,532 Cubic Metres by 2027, exhibiting at a CAGR of 12.4% during 2022-2027.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/cross-laminated-timber-manufacturing-plant/requestsample

Cross-laminated timber (CLT) is a wood-engineered product made by piling up the layers of lumber cut from a single log. It is generally stacked perpendicular to the layers above and below it and then glued symmetrically on the wide faces of each board. This cross-laminated arrangement improves rigidity, dimensional stability, and mechanical properties. As a result, CLT is gaining popularity as a sustainable alternative to concrete and steel construction in commercial and residential sectors worldwide.

Market Trends and Drivers:

The market is primarily driven by the increasing demand for CLT from the construction sector. This can be attributed to the numerous benefits associated with CLT, such as shorter construction time, fast installation and affordability. As a result, it is widely used for building different types of structures, including barns, powerline towers, houses, bridges, high-rise apartments, and office buildings. Moreover, CLT is a cheaper alternative to other popular construction materials such as precast concrete, which represents another major growth-inducing factor. Besides this, governments of numerous countries are undertaking various initiatives to promote the usage of green construction materials. In line with this, the growing environmental consciousness among the masses, and the sales of eco-friendly wooden panels, are anticipated to further propel the market growth.

Key Market Segmentation:

Breakup by Application:

Residential
Educational Institutes
Government/Public Buildings
Commercial Spaces

Breakup by Product Type:

Custom CLT
Blank CLT

Breakup by Element Type:

Wall Panels
Flooring Panels
Roofing Slabs
Others

Breakup by Raw Material Type:

Spruce
Pine
Fir
Others

Breakup by Bonding Method:

Adhesively Bonded
Mechanically Fastened

Breakup by Panel Layers:

3-Ply
5-Ply
7-Ply
Others

Breakup by Adhesive Type:

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

Breakup by Press Type:

Hydraulic Press
Vacuum Press
Pneumatic Press
Others

Breakup by Storey Class:

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

Breakup by Application Type:

Structural Applications
Non-Structural Applications

Breakup by Region:

Europe:
Austria
Germany
Italy
Switzerland
Czech Republic
Spain
Norway
Sweden
United Kingdom

North America:
United States
Canada

Asia-Pacific:
Australia
New Zealand
Japan
China
Taiwan

Competitive Landscape With Key Players:

The competitive landscape of the industry has also been examined with some of the key players being Stora Enso, KLH, Binderholz, Mayr Melnhof, Hasslacher, XLam Limited, Sterling Lumber, Shilliger Holz AG, Eugen Decker Holzindustrie KG, Structurlam, SmartLam, Meiken Lamwood Corp.

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=602&flag=C

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US:

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800

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.

This release was published on openPR.