by The global Cross Laminated Timber market size is expected to be worth around US$ 6.7 billion by 2030, according to a new report by Vision Research Reports.
The global Cross Laminated Timber market size was valued at US$ 1050 million in 2020 and is anticipated to grow at a CAGR of 14.6% during forecast period 2021 to 2030.
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Growth Factors
Growing demand for lightweight, durable, and sustainable construction materials in residential, institutional, and commercial applications is anticipated to benefit market growth.
CLT is widely used in various applications such as residential, commercial, institutional, and other segments. The intrinsic properties of CLT such as high thermal performance, sound insulation, earthquake resistance, fire resistance, lightweight, durability, and low manufacturing costs are anticipated to promote the product demand, thereby driving the market growth.
Report Coverage
| Report Scope | Details |
| Market Size | US$ 6.7 billion by 2030 |
| Growth Rate | CAGR of 14.6% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Stora Enso Oyj; Mayr-MelnhofHolz Holding AG; Binderholz GmbH; XLam; Sterling Company; SchilligerHolz AG; KLH Massivholz GmbH; B&K Structures; Eugen Decker &WebMan; Structurlam Mass Timber Corporation; SmartLam NA. MEIKEN LAMWOOD Corp |
By Application Analysis
The residential application segmented the market and accounted for more than 45.3% of the global revenue share in 2020, owing to the rising use of eco-friendly construction materials and seismic bearing capacity, is expected to result in increased consumption in earthquake-prone areas, such as Japan, India, and Mexico, over the forecast period.
The high structural strength and recyclability of cross laminated timber are expected to drive market growth in the residential sector. Rising investments by governments across various countries in Asia Pacific, North America, and Europe
The cross laminated timber is used in various institutional places such as schools, colleges, and research institutes for building walls, floors, and ceilings in classrooms, libraries, laboratories, and amphitheaters. This is attributed to the excellent acoustic properties and aesthetic appeal of the material, thereby benefiting the market growth.
The usage of cross laminated timber in several commercial buildings such as offices, malls, hospitals, and restaurants is expected to rise over the forecasted period, owing to its wide benefits such as fast installation,
By Regional Analysis
Europe dominated the cross laminated timber market and accounted for over 58.8% share of global revenue in 2020, owing to the green building movement initiated in the region.
The cross-laminated timber market in North America is majorly driven by the demand from the U.S. Strong growth in application industries in Canada and Mexico is further likely to provide growth prospects to the regional demand for cross laminated timber products.
Key Players
- Stora Enso Oyj
- Mayr-MelnhofHolz Holding AG
- Binderholz GmbH
- XLam
- Sterling Company
- SchilligerHolz AG
- KLH Massivholz GmbH
- B&K Structures
- Eugen Decker & WebMan
- Structurlam Mass Timber Corporation
- SmartLam NA
- MEIKEN LAMWOOD Corp
Market Segmentation
- By Product
- Adhesive Bonded Cross Laminated Timber
- Mechanically Fastened Cross Laminated Timber
- By Application
- Residential
- Institutional
- Commercial
- Others
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Austria
- Germany
- Switzerland
- Italy
- Asia Pacific
- New Zealand
- China
- Japan
- Australia
- Central & South America
- Middle East & Africa
- North America
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Cross Laminated Timber Market, By Product
7.1. Cross Laminated Timber Market, by Product, 2021-2030
7.1.1. Adhesive Bonded Cross Laminated Timber
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Mechanically Fastened Cross Laminated Timber
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Cross Laminated Timber Market, By Application
8.1. Cross Laminated Timber Market, by Application, 2021-2030
8.1.1. Residential
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Institutional
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Commercial
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Cross Laminated Timber Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 10. Company Profiles
10.1. Stora Enso Oyj
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Mayr-MelnhofHolz Holding AG
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Binderholz GmbH
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. XLam
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Sterling Company
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. SchilligerHolz AG
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. KLH Massivholz GmbH
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. B&K Structures
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Eugen Decker & WebMan
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Structurlam Mass Timber Corporation
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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