European Cross-Laminated Timber Market Current Scenario and Growth Prospects to 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐫𝐨𝐬𝐬-𝐋𝐚𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐓𝐢𝐦𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", The study provides a detailed analysis of the industry, including the European cross-laminated timber market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the European cross-laminated timber market?

The European cross-laminated timber market size reached 1.6 Million Cubic Metres in 2022. Looking forward, IMARC Group expects the market to reach 2.9 Million Cubic Metres by 2028, exhibiting a growth rate (CAGR) of 11.15% during 2023-2028.

What is Coss-Laminated timber?

Cross-laminated timber (CLT), or XLam, is a pre-assembled, engineered wood lumber that is used as a common alternative to concrete, masonry, and steel. It is composed of two or more layers of structural composite or solid-sawn wood that are cross-oriented, adjoined, and stacked together mechanically with various glue and adhesives to offer enhanced rigidity and dimensional stability. CLT is reliable, easily installable, corrosion-resistant, and offers high load-carrying capacity with enhanced thermal and acoustic insulation qualities. As a result, CLT is extensively employed as load-bearing components and in building frames for the construction of floors, roofs, and walls of residential and commercial complexes.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/european-cross-laminated-timber-market/requestsample

European Cross-Laminated Timber Market Trends:

Cross-laminated timber consists of multi layers of stacked lumber boards bonded with structural adhesive which are easy to install and have superior seismic, fire and thermal performance, design flexibility, structural stability, rigidity, etc. These factors have facilitated the use of cross-laminated timber for various construction applications.Since carbon is stored within the solid timber panels, cross laminated timber is being used in constructing buildings in lieu of traditional building material so as to reduce the CO2 emission. This acts as another factor driving the demand for cross-laminated timber in Europe. The support provided by the governments of various European countries for the adoption of green building materials has provided a positive thrust to the cross-laminated timber market in the region. The strict rules and regulations regarding the manufacturing and use of cross laminated timber restricts its adoption by the end-users. Some of the other factors affecting the market growth are high maintenance costs, poor acoustic performance and the stringent transportation regulations in many countries.

Competitive Landscape With Key Players:

The market is concentrated in nature with the presence of a small number of manufacturers which limits the degree of competition in the market. The leading players operating in the market are:

• Stora Enso Oyj
• KLH Massivholz GmbH
• Binderholz GmbH
• Mayr Melnhof Karton AG
• Hasslacher Holding GmbH

𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=754&method=7

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:

• Adhesive 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

Regional Insights:

• Austria
• Germany
• Italy
• Switzerland
• Czech Republic
• Spain
• Norway
• Sweden
• United Kingdom
• Others

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=754&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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This release was published on openPR.