Press release
Construction Industry Boom Fuels Surge In Glue Laminated Timber Market Driver: A Major Catalyst in the Evolution of the Glue Laminated Timber Market in 2025
Glue Laminated Timber Market
The glue laminated timber market is predicted to experience significant expansion due to the swift advancement of the construction sector. The construction industry encompasses the design, creation, refurbishment, and preservation of physical buildings and infrastructure. A combination of factors, including heightened spendings on infrastructure, growing housing needs, and an increasing demand for green buildings, are fuelling the growth of the construction industry. Owing to characteristics like durability, adaptability, and appealing aesthetic, glue laminated timber has emerged as a preferred and eco-friendly construction material for modern construction endeavors. As per data from the United States Census Bureau, the authoritative US federal statistical agency, capital investments in construction operations witnessed an upswing, from $45 billion in 2021 to $53.7 billion in 2022, which is a 19.4% increase from 2021 to 2022. Therefore, the brisk expansion of the construction industry is acting as a catalyst for the glue laminated timber market.
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How will the growth rate of the glue laminated timber market shape industry trends by 2034?
In the past few years, there has been a steady expansion of the glue laminated timber market. It is projected to increase from $3.65 billion in 2024 to $3.82 billion in 2025, with a compound annual growth rate (CAGR) of 4.6%. The significant growth in previous years is due to the increased application of glue-laminated timber across various sectors, along with the rapid expansion of the construction industry. There has also been growing demand from the residential and building and construction sectors.
In the coming years, it's expected that the glue laminated timber market will experience consistent growth, escalating to a value of $4.38 billion by 2029, with a compound annual growth rate (CAGR) of 3.5%. The escalation in market growth during the forecast period can be attributed to various factors such as the increasing demand for glue-laminated timber products, swift urbanization, unparalleled progress in the construction sector, and the rising governmental investments in glue-laminated projects. Additionally, swelling urban demographics worldwide are spurring construction activities. Trends to watch during this forecast period include persistent progression in architectural and interior design, sustainable construction, flexibility in architectural design, improved energy efficiency and thermal performance as well as increasing recognition of green building certifications.
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What new trends are reshaping the glue laminated timber market and its opportunities?
Leading entities in the glue laminated timber market are pioneering unique products like timber-based solar carports with an intent to lead the competition. These are parking infrastructures crafted from wood, which house solar panels on their rooftops, fostering the use of renewable energy and sustainable materials. For example, Innoventum AB, a renewable energy firm based in Sweden, launched its version of timber-framed solar carports in September 2024. These carports are primarily built from glue-laminated timber (glulam), presenting a smaller carbon footprint in contrast to conventional steel structures. These can be fabricated from several kinds of wood such as larch, Douglas fir, and oak, procured sustainably. It is possible to customise these timber solar carports to various spaces and requirements. They are also offered either as kits or fully installed solutions, enabling flexible lengths and arrangements to suit diverse parking designs.
Which primary segments of the glue laminated timber market are driving growth and industry transformations?
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 geographical regions are pioneering growth in 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.
Who are the influential players reshaping the glue laminated timber market landscape?
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.
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What Is Covered In The Glue Laminated Timber Global Market Report?
• Market Size Forecast: Examine the glue laminated timber market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the glue laminated timber market for a structured understanding.
• Key Players Overview: Analyze major players in the glue laminated timber market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the glue laminated timber market.
• Segment Contributions: Evaluate how different segments drive overall growth in the glue laminated timber market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the glue laminated timber market.
• Industry Challenges: Identify potential risks and obstacles affecting the glue laminated timber market.
• Competitive Landscape: Review strategic developments in the glue laminated timber market, including expansions, agreements, and new product launches.
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