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Leading Growth Driver in the Glue Laminated Timber Market in 2025: Construction Industry Boom Fuels Surge In Glue Laminated Timber Market Driver's Influence
Leading Growth Driver in the Glue Laminated Timber Market
The glue laminated timber market is expected to grow from $3.65 billion in 2024 to $3.82 billion in 2025, at a compound annual growth rate (CAGR) of 4.6%. The growth is driven by the rising use of glue-laminated timber in various industries, particularly in the construction sector, with increasing demand from both commercial and residential building projects.
The glue laminated timber market is expected to see steady growth, reaching $4.38 billion in 2029 with a CAGR of 3.5%. This growth is attributed to rising demand for glue-laminated timber, rapid urbanization, expansion in the construction sector, increased government investments, and a growing urban population that drives construction activities. Major trends include advancements in architectural and interior designs, a focus on sustainable construction, greater design flexibility, improved energy efficiency and thermal performance, and adherence to green building certifications.
What Is Contributing to the Growth of the Glue Laminated Timber Market?
The rapid growth of the construction industry is expected to drive the growth of the glue laminated timber market. The construction industry is expanding due to factors like increased infrastructure investments and rising housing demands. Glue laminated timber, a sustainable and versatile material, is gaining popularity in modern construction for its strength and aesthetic appeal. For instance, in February 2024, the U.S. Census Bureau reported a 19.4% increase in capital expenditure on construction activities from 2021 to 2022. This growth in the construction sector is driving the demand for glue laminated timber.
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Which Key Market Leaders Are Driving Glue Laminated Timber Industry Growth?
Major companies operating in the glue laminated timber market are Stora Enso Oyj, Boise Cascade Company, Canfor Corporation, Binderholz GmbH, Pfeifer Holding GmbH, Western Forest Products Inc., Holzindustrie Schweighofer GmbH, Forest Timber Engineering Ltd., Mayr-Melnhof Holz Holding AG, Setra Group AB, W. u. J. Derix GmbH & Co. KG, Eugen Decker GmbH & Co. KG, Eacom Timber Corporation, Structurlam Mass Timber Corporation, B&K Structures Ltd., D.R. Johnson Wood Innovations LLC, Structural Wood Systems Inc., Wiehag GmbH, HASSLACHER Holding GmbH, Schilliger Holz AG, Nordic Engineered Wood, KLH Massivholz GmbH, Glulam Ltd., Calvert Company Inc., Rubner Holzbau GmbH, EcoCurves BV, Meiken Lamwood Corp.
What Are the Emerging Trends in the Glue Laminated Timber Industry?
Companies in the glue laminated timber market are innovating with timber-framed solar carports to stay ahead in the market. Timber-framed solar carports combine renewable energy with sustainable materials, using wood to support solar panels. Innoventum AB, a Sweden-based renewable energy company, introduced these carports in September 2024. Made from glue-laminated timber (glulam), they have a lower carbon footprint than steel structures and can be customized to fit various spaces, offered in kit or fully installed forms.
What Are the Main Segments in the Glue Laminated Timber Market?
The glue laminated timber market covered in this report is segmented -
1) By Type: Premium Grade, Framing Grade, Industrial Grade, Architectural Grade
2) By Shape: Straight, Curved, Custom
3) By Application: Floor And Roof Beams, Replacement, Household Framing, Window And Door Headers, Supporting Columns, Ridge And Curved Beams
4) By End-Use: Building And Construction, Architecture
Subsegments:
1) By Premium Grade: High-Performance Laminated Timber, High-Strength Laminated Timber, Aesthetic-Grade Laminated Timber
2) By Framing Grade: Structural Framing Timber, Load-Bearing Laminated Timber
3) By Industrial Grade: Heavy-Duty Laminated Timber, Industrial-Strength Laminated Timber
4) By Architectural Grade: Decorative Laminated Timber, Custom Design Laminated Timber, Exposed Laminated Timber
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Which Geographic Area Leads the Glue Laminated Timber Market?
Europe was the largest region in the glue laminated timber market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glue laminated timber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Glue Laminated Timber Global Market Report?
- Market Size Analysis: Analyze the Glue Laminated Timber Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Glue Laminated Timber Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Glue Laminated Timber Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Glue Laminated Timber Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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