Press release
Cross Laminated Timber Market Set to Reach USD 3.55 Billion by 2030, Growing at 14.2 Percenatage CAGR
๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ size was valued at USD 1.40 Bn. in 2023 and the total Cross Laminated Timber revenue is expected to grow at 14.2% from 2024 to 2030, reaching nearly USD 3.55 Bn.๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The global Cross Laminated Timber (CLT) Market is experiencing rapid growth due to its sustainable, lightweight, and versatile properties. As demand for eco-friendly construction materials increases, CLT is emerging as a key solution for reducing carbon footprints in the building sector. It offers strength and stability comparable to traditional building materials while being renewable, leading to its growing adoption across residential, commercial, and industrial projects.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/65493/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ:
Key drivers for the CLT market include increasing awareness of environmental sustainability, government regulations promoting green construction, and the need for cost-effective building materials. Moreover, its potential to replace conventional concrete and steel is attracting major investments in the construction industry, fueling its growth globally.
๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The market is witnessing a trend towards more large-scale adoption of CLT, particularly in urban areas aiming to reduce their carbon footprints. Additionally, technological advancements in manufacturing processes, such as improved cross-laminating techniques, are enhancing the efficiency and affordability of CLT production, making it an attractive alternative to conventional construction materials.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/65493/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ซ๐จ๐ฌ๐ฌ-๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ
In Vietnam, the demand for sustainable materials in the construction industry is accelerating. Vietnam's rapid urbanization and growing interest in green building practices are creating significant growth opportunities for CLT. Companies like Vietwood are pioneering the use of CLT in the region, enhancing local production capabilities. As the country moves towards greener buildings, the CLT market is set to see robust growth.
๐๐ก๐๐ข๐ฅ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ซ๐จ๐ฌ๐ฌ-๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ
Thailand is witnessing increasing interest in CLT due to its potential to address the country's challenges related to deforestation and carbon emissions. The government's push towards eco-friendly infrastructure and building solutions is encouraging both domestic and international companies. Thai Lumber has been exploring the commercial viability of CLT for residential and commercial use, making strides towards more sustainable urban growth.
๐๐๐ฉ๐๐ง ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐จ๐ฌ๐ฌ-๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐๐ญ๐จ๐ซ
Japan has long been a leader in innovative construction materials, and the use of CLT is no exception. The Japanese government has been facilitating the adoption of CLT to reduce reliance on steel and concrete, which are more carbon-intensive. Several mergers and acquisitions have occurred, such as the strategic partnership between Sumitomo Forestry and Kengo Kuma & Associates, leading to advanced CLT projects. These consolidations ensure higher production efficiency and broader market outreach.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐'๐ฌ ๐๐ซ๐จ๐ฌ๐ฌ-๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง
South Korea's market for CLT is expanding rapidly as new technological advancements and research focus on improving the material's structural strength. Recently, Hansol Lumber announced a new facility dedicated to producing CLT, increasing its domestic supply. This upsurge reflects South Korea's commitment to sustainable urban development and its growing reliance on CLT for both commercial and residential structures.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐๐ง๐๐ฌ
Singapore, with its forward-thinking green building initiatives, is poised to be a major player in the CLT market in Southeast Asia. The country's Green Building Masterplan encourages the adoption of innovative materials such as CLT. Key players like SG Timber Solutions are expanding operations to support local demand, while the government provides incentives for CLT-based projects, enhancing overall market growth.
๐๐ ๐๐ซ๐จ๐ฌ๐ฌ-๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
In the United States, CLT is seeing a surge in demand driven by the construction of mid-rise and high-rise buildings in urban centers. The U.S. market is expanding as states like Washington and Oregon lead the way in adopting CLT as a core material for eco-friendly buildings. Major players such as Structurlam are actively involved in large-scale projects, marking the U.S. as a key growth region for CLT technology.
๐๐ฎ๐ซ๐จ๐ฉ๐'๐ฌ ๐๐ซ๐จ๐ฌ๐ฌ-๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
Europe remains the largest market for CLT, with Germany, Austria, and Sweden leading the way in adoption. CLT is gaining popularity in green architecture, especially as EU regulations become stricter about carbon emissions in construction. Katerra, based in the U.S., has partnered with several European firms, aiming to revolutionize CLT production and distribution. Europe's strong emphasis on sustainable construction is likely to keep it at the forefront of the CLT market.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ
The cross-laminated timber market has seen several mergers and acquisitions aimed at expanding production capacity and geographic reach. For instance, Stora Enso recently acquired Hasslacher Norica Timber, a leading CLT manufacturer in Europe, to strengthen its foothold in the European market. Similarly, Binderholz, a major player in the wood products industry, announced plans to build a new CLT plant in North America, targeting the rising demand for sustainable building solutions across the continent.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/65493/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ:
by Type
Adhesive Bonded
Mechanically Fastened
by Application
Residential
Institutional
Commercial
Others
by Raw Material Type
Spruce
Fir
Pine
Larch
Others
by End-Use
Structural
Non-structural
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ซ๐จ๐ฌ๐ฌ ๐๐๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ข๐ฆ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Western Structures, Inc. (US)
2. Freres Lumber Co. (US)
3. Sterling Company (US)
4. DR Johnson Wood Innovations (US)
5. SmartLam NA (US)
6. DRJ Wood Innovations (US)
7. LignaTerra (US)
8. Nordic Structures (Canada)
9. StructureCraft (Canada)
10.Structurlam CLT Corporation (Canada)
11.Eugen Decker & WebMan (Germany)
12.B&K Structures (UK)
13.Taylor Maxwell Group Ltd. (UK)
14.Stora Enso Oyj (Finland)
15.Mayr-Melnhof Holz (Austria)
16.Binderholz GmbH (Austria)
17.KLH Massivholz GmbH (Austria)
18.Hasslacher Holding GMBH (Austria)
19.SchilligerHolz AG (Switzerland)
20.Essepi Srl (Italy)
21.Holmen AB (Sweden)
22.Setra Group AB (Sweden)
23.Rambรธll Group A/S (Denmark)
24.XLam (NewZealand)
25.Vistek Pty Ltd (Singapore)
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-cross-laminated-timber-market/65493/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
โข Past Market Size and Competitive Landscape
โข Cross Laminated Timber Market Size, Share, Size & Forecast by different segment
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โข Cross Laminated Timber Market Segmentation - A detailed analysis by Product
โข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โข Competitive landscape - Market Leaders, Market Followers, Regional player
โข Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of business by region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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