North America Cross-Laminated Timber Market 2023: Size, Business Opportunity, Trends and Future Demand by 2028 | IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 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 North America 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 North America cross-laminated timber market?

The North America cross-laminated timber market size reached US$ 152.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 400.15 Million by 2028, exhibiting a growth rate (CAGR) of 16.30% during 2023-2028.

What is Cross-Laminated Timber?

Cross-Laminated Timber (CLT) refers to the use of multiple layers of lumber, oriented at right angles to each other and glued together to form a strong and stable wooden panel. The process involves several stages including timber selection, cutting, layering, gluing, pressing, and finishing, which result in a robust building material. This positions CLT as an essential segment in modern construction, particularly within the framework of sustainable and eco-friendly building practices.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/north-america-cross-laminated-timber-market/requestsample

North America Cross-Laminated Timber Market Trends:

The growing trend towards sustainable construction and the increasing adoption of innovative building solutions are fundamental factors driving the expansion of the CLT market in North America. CLT gained popularity due to its sustainability benefits. It's an eco-friendly alternative to traditional building materials like concrete and steel. CLT was increasingly being used in various construction projects, including residential, commercial, and industrial. Architects and builders were drawn to CLT for its design flexibility, speed of construction, and aesthetic appeal.. Moreover, advancements in engineering and manufacturing technologies are enabling the production of CLT with greater structural integrity and versatility, further bolstering market growth. The emphasis on environmental protection, resource conservation, and architectural innovation is escalating the demand for CLT in the North American region, as they align with these values. This aspect, coupled with rising awareness within the construction industry about the benefits of CLT, is stimulating market growth. Additionally, the growing demand from various sectors such as residential, commercial, and public construction for sustainable and cost-effective building materials is accelerating market expansion. Furthermore, the need for compliance with regulations regarding sustainability, quality standards, and environmental protection is fueling the market's growth. Other Factors, Government bodies in some North American regions were introducing policies and incentives to promote the use of CLT and other mass timber products. This support was expected to boost market growth.

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Competitive Landscape With Key Players:

The market is highly concentrated with the presence of only a handful of major players in the industry.

Some of the leading players operating in the market are:

• Nordic Structures
• StructureCraft
• Structurlam Mass Timber Corporation
• D.R. Johnson Lumber Co.
• SmartLam NA
• Sterling Lumber

Key Market Segmentation:

Breakup by Application:

• Residential
• Educational Institutes
• Government/Public Buildings
• Commercial Space

Breakup by Region:

• United States
• Canada

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐁𝐫𝐨𝐰𝐬𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞: https://www.imarcgroup.com/request?type=report&id=752&flag=C

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