Cross Laminated Timber Market size was valued at US$ 1.23 Bn. in 2022 and the total Cross Laminated Timber revenue is expected to grow at 14.2% from 2023 to 2029, reaching nearly US$ 3.12 Bn.
Cross Laminated Timber Market Overview:
For the global industry’s Cross Laminated Timber market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.
Cross Laminated Timber Market Scope:
Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.
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Cross Laminated Timber Market Segmentation:
The sector of adhesively bonded CLT is anticipated to expand at a CAGR of 6.8% over the course of the projected period. Demand is anticipated to increase across a range of application industries, including residential, institutional, commercial, and others, due to the use of high-strength adhesives for plank bonding. Adhesive bonded cross-laminated wood has a cheaper manufacturing cost than mechanically fastened CLT since less machinery is required. The adhesive-bonded cross-laminated wood panels may also be turned into biofuel pellets at the end of their useful lives. There is little wood waste because these panels are built specifically to the building’s specifications for their ultimate size.
Cross Laminated Timber Market Key Players: The key players are
1. Western Structures, Inc. (US)
2. Freres Lumber Co. (US)
3. Sterling Company (US)
4. DR Johnson Wood Innovations (US)
5. SmartLam NA (US)
6. DRJ Wood Innovations (US)
7. LignaTerra (US)
8. Nordic Structures (Canada)
9. StructureCraft (Canada)
10.Structurlam CLT Corporation (Canada)
11.Eugen Decker & WebMan (Germany)
12.B&K Structures (UK)
13.Taylor Maxwell Group Ltd. (UK)
14.Stora Enso Oyj (Finland)
15.Mayr-Melnhof Holz (Austria)
16.Binderholz GmbH (Austria)
17.KLH Massivholz GmbH (Austria)
18.Hasslacher Holding GMBH (Austria)
19.SchilligerHolz AG (Switzerland)
20.Essepi Srl (Italy)
21.Holmen AB (Sweden)
22.Setra Group AB (Sweden)
23.Rambøll Group A/S (Denmark)
24.XLam (NewZealand)
25.Vistek Pty Ltd (Singapore)
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Cross Laminated Timber Market Regional Analysis:
A country-level study of the Cross Laminated Timber Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Cross Laminated Timber Market study.
COVID-19 Impact Analysis on Cross Laminated Timber Market:
The study investigates macroeconomic data, market trends, underlying variables, and market attractiveness by segment. COVID-19 (Corona Virus) has an influence on the product industry chain, encompassing upstream and downstream markets, regions, and nations, as well as the future growth of the industry.
Key Questions Answered in the Cross Laminated Timber Market Report are:
- Which are the major players in the Cross Laminated Timber market?
- What key trends are likely to emerge in the Cross Laminated Timber market in the coming years?
- What will be the Cross Laminated Timber market size by 2029?
- Which company held the largest share in the Cross Laminated Timber market?
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