Press release
Construction Industry Boom Fuels Surge In Glue Laminated Timber Market: A Significant Driver Propelling The Glue Laminated Timber Market In 2025
Glue Laminated Timber Market Size
What Is the Glue Laminated Timber Market Size and Projected Growth Rate?
In recent times, there has been consistent growth in the size of the glue laminated timber market. The market is forecasted to increment from $3.65 billion in 2024 to $3.82 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.6%. The progress observed in the historical time frame can be credited to the expanding utilization of glue-laminated timber across several industries, the swift development of the construction industry, and the escalating demand from building & construction sectors as well as the residential sector.
In the coming years, the glue laminated timber market is predicted to witness consistent growth and is expected to reach $4.38 billion in 2029 with a compound annual growth rate (CAGR) of 3.5%. This progress in the projected timeframe can be traced back to the increasing demand for glue-laminated timber products, swift urbanization, unparalleled expansion in the construction industry, and increasing government investments in glue-laminated timber, bolstered by growing urban populations globally, triggering construction activities. Key trends during this forecast period comprise continuous developments in architecture and interior designs, sustainable construction, flexibility in architectural design, energy efficiency and optimal thermal performance, along with green building certifications.
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What Are the Major 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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What Are The Driving Glue Laminated Timber Market Evolution?
The burgeoning pace of the construction sector is anticipated to boost the expansion of the glue laminated timber market in the foreseeable future. This industry is all about strategic planning, constructing, refurbishing and preserving physical infrastructures. Several elements like growing investment in infrastructure, increasing demand for housing, and the escalating necessity for eco-friendly infrastructure are contributing to the upward surge of the construction industry. Glue laminated timber represents a flexible, sustainable, and strong construction material appreciated for its aesthetic charm in modern construction initiatives. For instance, the United States Census Bureau, a chief agency of the U.S. Federal Statistical System, reported in February 2024 that capital expenditure on construction activities escalated from $45 billion in 2021 to $53.7 billion in 2022. This marks an impressive 19.4% growth from 2021 to 2022. Consequently, the swelling expansion of the construction sector is fueling the glue laminated timber market.
Which Firms Dominate The Glue Laminated Timber Market Segments?
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 Trends Are Driving Growth in The Glue Laminated Timber Market?
Main players in the glue laminated timber market like Innoventum AB are introducing innovative products such as timber framed solar carports in an attempt to maintain a strong position in the market. These carports are parking structures constructed from wood that house solar panels on their rooftops, merging renewable energy production with eco-friendly materials. In September 2024, Innoventum AB, a company specialising in renewable energy based in Sweden, revealed its own version of the timber-framed solar carports. Made largely from glue-laminated timber, or glulam, these structures pose a smaller environmental impact than traditional steel structures. They can be constructed using myriad types of wood, such as larch, Douglas fir, and oak, which are all sustainably sourced. These timber solar carports can be customised to suit varying spaces and requirements and can be provided as either ready-to-assemble kits or as fully installed solutions, granting flexibility in terms of lengths and configurations to accommodate differing parking schematics.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Glue Laminated Timber Market?
2. What is the CAGR expected in the Glue Laminated Timber Market?
3. What Are the Key Innovations Transforming the Glue Laminated Timber Industry?
4. Which Region Is Leading the Glue Laminated Timber Market?
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