Press release
Global Glulam Market to Hit USD 10.36 B by 2030 at 5% CAGR
Glue Laminated Timber Market
According to a report from Grand View Research, the global Glue‐Laminated Timber (glulam) market-valued at USD approx. $7-8 billion in 2023-is projected to grow at a 5.0 % CAGR, reaching USD 10.36 billion by 2030 . The market's upward trajectory is principally driven by growing sustainability mandates, rising energy costs, and a shift from steel and concrete to low-carbon engineered wood.
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◉ Market Overview & Competitive Landscape
Residential and commercial applications will account for roughly 80 % of revenues in 2025
Asia‐Pacific dominates, holding ~41.9 % share in 2023; North America is expanding at ~5.6 % CAGR
Europe remains a major market, propelled by timber availability (Germany, Austria, Sweden).
Leading suppliers include Boise Cascade, Mayr‐Melnhof Holz Holding AG, Binderholz GmbH, Structurlam, PFEIFER GROUP, HASSLACHER Holding GmbH, Western Forest Products, and Setra Group AB
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◉ Higher Demand in Key Regions
Asia‐Pacific leads in both volume and growth, followed by robust demand in Europe and North America . Rising infrastructure development and green building policies are the primary growth triggers.
◉ Country-Specific Analysis
Growth Opportunities in Vietnam
Vietnam's expanding residential sector and infrastructure development are driving demand for glulam, supported by low-cost logistics and evolving green-construction preferences.
Trends in Thailand
Thailand is increasingly adopting glulam for mid-rise commercial structures. Low-carbon and fire-resistant glulam appeals to developers amid strong building-code reforms.
Consolidation Growth in Japan
Japanese firms collaborate with Mayr‐Melnhof Holz and Binderholz to create architectural-grade glulam products tailored to seismic and design standards.
Updation in South Korea
South Korea's smart-city and public facility expansion include glulam in bridges and building frames. Domestic and global producers are upgrading precision-milling and moisture-control processes.
Benchmarking Innovation in Singapore
With its green-building leadership, Singapore trials glulam in pilot hospitals, public transit stations, and eco‐smart commercial spaces-partnering with firms like HS Timber Group
Consolidation Trends in the United States
In North America, companies like Boise Cascade expanded distribution through acquisitions (e.g., American Lumber Distributors)-enhancing capacity in Southeast Asia and the U.S.
Growth in China
China is scaling glulam into infrastructure projects-ranging from bridges to stadiums-through extensive timber supply and rising adoption of mass timber architecture.
Opportunity & Compliance Trends in Europe
Europe leads sustainably driven glulam adoption (>60 % market share in 2022), with firms like Hasslacher, Mayr‐Melnhof, and Binderholz innovating for low-embodied carbon construction
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-glue-laminated-timber-market/78163/
◉ Global Glue Laminated Timber Market Segments
by Application
Residential
Commercial
Industrial
Other
by End User
Roof truss
Support & columns
Furniture
Stairs
Ceiling structures
Others
◉ Mergers & Acquisitions
HASSLACHER Holding GmbH acquired a 40 % stake in Spain-based Egoin Wood Group in Feb 2023-intending to strengthen its timber and glulam product offerings
Boise Cascade's 2019 acquisition of American Lumber Distributors boosted distribution reach across North America and Southeast Asia .
◉ Key Recent Developments
Investments in temporary bonding and precision milling aimed at making glulam suitable for curved and custom structural forms .
HASSLACHER Group, Europe's top glulam producer, reported output of 355,000 m3 in 2022, scaling further through strategic investments .
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