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:
Maximize Market Research, a leading market research firm, has recently released a comprehensive market intelligence report highlighting the robust growth anticipated in the Cross Laminated Timber market during the forecast period. The report delves into the key drivers of growth, significant challenges, upcoming opportunities, and prevailing market dynamics, offering valuable insights into the global market landscape. Regional and segment-specific market sizes are thoroughly analyzed, providing stakeholders with a holistic view of the industry.
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Cross Laminated Timber Market Report Scope and Research Methodology:
The market size has been estimated using the bottom-up methodology. Through secondary research, major key players in the Cross Laminated Timber market are identified, and primary and secondary research is used to calculate their market revenues. While primary research involved interviews with significant opinion leaders and industry experts like competent front-line staff, entrepreneurs, and marketing professionals, secondary research involved a review of the annual and financial reports of top manufacturers.
Cross Laminated Timber Maket Dynamics:
Legislators have also tried to use incentives or mandates to expedite the development of mass timber. France recently passed a law requiring all public buildings to have 50% wood by 2022. In 2021, the US Congress proposed a tax credit for building materials like CLT that store carbon and use less energy.
Cross Laminated Timber Market Regional Insights:
The report provides a detailed explanation of factors influencing market size, growth rates, and import-export dynamics across key regions, including:
- North America
- Europe
- Asia Pacific
- Latin America
- the Middle East and Africa
Cross Laminated Timber Market Segmentation:
by Type
Adhesive Bonded
Mechanically Fastened
by Application
Residential
Institutional
Commercial
Others
by Raw Material Type
Spruce
Fir
Pine
Larch
Others
by End-Use
Structural
Non-structural
Cross Laminated Timber Market Key Players:
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 Key Questions Addressed:
The report addresses crucial questions in the Cross Laminated Timber market, such as:
- Anticipated market size by the end of the forecast period
- Recent industry trends for generating additional revenue streams
- Lucrative opportunities fueling market growth
- Regulatory authority interventions shaping the market
- Growth strategies employed by players to enhance market presence
- Dominating region’s market size
Cross Laminated Timber Market Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and Price Curve by Region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – Detailed Analysis by Segments and Sub-segments
- Competitive Landscape – Profiles of Selected Key Players
- Market Leaders, Market Followers, Regional Player
- Competitive Benchmarking of Key Players by Region
- PESTLE Analysis
- PORTER’s Analysis
- Value Chain and Supply Chain Analysis
- Legal Aspects of Business by Region
- Lucrative Business Opportunities with SWOT Analysis
- Recommendations
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