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Cross Laminated Timber Market Set to Reach USD 3.55 Billion by 2030, Growing at 14.2 Percenatage CAGR

12-12-2024 05:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Cross Laminated Timber Market

Cross Laminated Timber Market

๐‚๐ซ๐จ๐ฌ๐ฌ ๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ 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.

๐‚๐ซ๐จ๐ฌ๐ฌ ๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

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.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/65493/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐ซ๐จ๐ฌ๐ฌ ๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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.

๐‚๐ซ๐จ๐ฌ๐ฌ ๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

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.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/65493/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐ซ๐จ๐ฌ๐ฌ ๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‚๐ซ๐จ๐ฌ๐ฌ-๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ

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.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‚๐ซ๐จ๐ฌ๐ฌ-๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ

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.

๐‰๐š๐ฉ๐š๐ง ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐ซ๐จ๐ฌ๐ฌ-๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐’๐ž๐œ๐ญ๐จ๐ซ

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.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š'๐ฌ ๐‚๐ซ๐จ๐ฌ๐ฌ-๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง

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.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐‚๐‹๐“ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐ž๐ง๐๐ฌ

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.

๐”๐’ ๐‚๐ซ๐จ๐ฌ๐ฌ-๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ

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.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐‚๐ซ๐จ๐ฌ๐ฌ-๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ

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.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐‹๐“ ๐Œ๐š๐ซ๐ค๐ž๐ญ

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.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/65493/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‚๐ซ๐จ๐ฌ๐ฌ ๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐‚๐ซ๐จ๐ฌ๐ฌ ๐‹๐š๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐“๐ข๐ฆ๐›๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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)

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-cross-laminated-timber-market/65493/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape
โ€ข Cross Laminated Timber Market Size, Share, Size & Forecast by different segment
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โ€ข Cross Laminated Timber Market Segmentation - A detailed analysis by Product
โ€ข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โ€ข Competitive landscape - Market Leaders, Market Followers, Regional player
โ€ข Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆGlobal Biomethane Market https://www.maximizemarketresearch.com/market-report/global-biomethane-market/16077/

โ™ฆGypsum Board Market https://www.maximizemarketresearch.com/market-report/global-gypsum-board-market/102433/

โ™ฆFly Ash Market https://www.maximizemarketresearch.com/market-report/global-fly-ash-market/22358/

โ™ฆSteel Long Products Market https://www.maximizemarketresearch.com/market-report/steel-long-products-market/188895/

โ™ฆModular Construction Materials Market https://www.maximizemarketresearch.com/market-report/modular-construction-materials-market/189237/

โ™ฆFluorosilicic Acid Market https://www.maximizemarketresearch.com/market-report/fluorosilicic-acid-market/194155/

โ™ฆSyngas & Derivatives Market https://www.maximizemarketresearch.com/market-report/global-syngas-derivatives-market/53928/

MAXIMIZE MARKET RESEARCH PVT. LTD.

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Pune, Maharashtra 411041, India.

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๐Ÿ–‚ sales@maximizemarketresearch.com

๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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ABNewswire
Father's House Restoration Ministries Launches a Community Land Trust (CLT)
Father's House Restoration Ministries, in Partnership with Asset Manager Conscious Markets, Launches Community Land Trust to Transform Oroville. Image: https://www.abnewswire.com/upload/2025/03/79c011817f2949ff654a9f4d1c340acd.jpg Oroville, California - On January 29th, 2025, Father's House Restoration Ministries (FHRM), advised by Conscious Markets Group company CMG Revival Partners, announced the launch of the Father's House Oroville Community Land Trust (FHOCLT), in a local townhall. The FHOCLT is a nonprofit, spirit-filled initiative dedicated to providing low to lower-income residents withโ€ฆ
09-27-2023 | Business, Economy, Finances, B โ€ฆ
orion market research
Cross Laminated Timber (CLT) Market 2023 Driving Factors Forecast Research 2029
The global cross laminated timber (CLT) market is growing at a considerable CAGR of 14.0% during the forecast period. Cross Laminated Timber (CLT) Market report provides us with a complete outlook on thorough assessment of thorough data about vital feature of the global industry related to market size, revenue, development and market sales. This study report captures regulatory concerns and entry barriers that greatly affect the market growth. This reportโ€ฆ
09-09-2023 | Industry, Real Estate & Constr โ€ฆ
Orion Market Research
Cross Laminated Timber (CLT) Market Will Generate Record Revenue by 2029
The global cross laminated timber (CLT) market is anticipated to grow at a considerable CAGR of 14.0% during the forecast period. The rising need and demand associated with cross laminated timber, is one of the prime factors affecting and driving the cross laminated timber (CLT) market. The cross laminated timber is regarded as an eco-friendly and environmentally sustainable construction material. Additionally, rising consumer awareness associated with damages that are causedโ€ฆ
07-26-2023 | Industry, Real Estate & Constr โ€ฆ
Allied Market Research
Revolutionizing Construction: The Cross Laminated Timber (CLT) Industry
The global construction industry has been undergoing a transformative shift towards sustainable and eco-friendly building materials. One material that has gained significant attention is Cross Laminated Timber (CLT). As an innovative engineered wood product, CLT is challenging traditional construction practices and revolutionizing the way we build. In this blog, we will delve into the type, segment, and overview of the Cross Laminated Timber industry. Cross Laminated Timber Market size wasโ€ฆ
01-21-2020 | Industry, Real Estate & Constr โ€ฆ
Global Market Insights Inc.
Cross-Laminated Timber (CLT) Market Growth Analysis and Future Business Opportun โ€ฆ
Expansion of production capacity either through upgradation in existing production facility or through establishing a new production facility is a major trend in Cross-Laminated Timber (CLT) Market. For instance, Sterling Lumber declared an investment of USD 30 million to build a new cross-laminated timber (CLT) plant. Partnerships among the product manufacturers is one of the strategies incorporated by the players to enhance or maintain their position in the market. Request forโ€ฆ
12-18-2019 | Advertising, Media Consulting, โ€ฆ
LP Information
Cross Laminated Timber (CLT) Market to Witness Robust Expansion by 2024
LP INFORMATION offers a latest published report on Cross Laminated Timber (CLT) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity in Europe Others and Austria as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. The global CLT consumption area is mainly concentratedโ€ฆ