Report Id: SNS/C&M/1430 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Cross Laminated Timber Market Size was valued at USD 1.25 billion in 2022 and is expected to reach USD 3.57 billion by 2030, and grow at a CAGR of 14% over the forecast period 2023-2030. CLT is an engineered wood product that is rapidly gaining favour as a sustainable alternative to concrete and steel construction in commercial and multi-family applications around the world. Multilayer panels composed of solid wood planks piled crosswise and bonded together make up the system. Rigidity, dimensional stability, and mechanical characteristics are all improved by the cross-laminated arrangement. CLT panels can be used as walls, floors, roofs, and other applications, with structural performance comparable to concrete or steel.
Market Dynamics:
Drivers:
The increasing urban population
Restraints:
Design challenges and CLT demand
Opportunity:
Because of the hybrid construction, CLT allows both a beautiful design and a progressive transition to modern building technologies.
Challenge:
During peak season, cross laminated timber suppliers have long lead times.
Impact of Covid-19:
The impact of the COVID-19 pandemic is projected to diminish by the end of 2022, according to our core respondents. Companies rearranging their operations and recovering from the impact of COVID-19, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, resulting in operational challenges, are largely responsible for market growth
Key players:
Stora Enso, Eugen Decker Holzindustrie KG, Schilliger Holz AG, Mayr-Melnhof Holz, Binderholz Gmbh, Hasslacher Holding GMBH, Structurlam, KLH Massivholz GmbH, and others.
Market Segmentation:
By Application
Residential
Public
Commercial
By Type
Custom
Blank
By Raw Material
Spruce
Pine
Fir
Others
By Bonding Methods
Adhesively Bonded
Mechanically Fastened
By Panel Layers
3-Ply
5-Ply
7-Ply
Others
By Adhesive Type
PUR (Polyurethane)
PRF (Phenol Resorcinol Formaldehyde)
MUF (Melamine-Urea-Formaldehyde)
Others
By Press Type
Hydraulic Press
Vacuum Press
Pneumatic Press
Others
By Application Type
Structural Applications
Non-Structural Applications
Regional Analysis:
Because of the widespread usage of CLT in the construction of small and medium-sized dwellings in the region, Europe is likely to lead the market. CLT is produced in great quantities throughout Europe, and the majority of it is used locally since this type of wood provides superior insulation against the region's cold weather. The market in North America is being driven by the use of CLT in the construction of hybrid buildings, which combine CLT with conventional materials to create elegant office space designs. The market in Asia Pacific will be driven by rising product demand for cross laminated in Japan, Australia, and New Zealand, where CLT is used to construct wood-based structures with improved seismic performance characteristics.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 1.25 Billion |
Market Size by 2030 | US$ 3.75 Billion |
CAGR | CAGR of 14% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Application (Residential, Public, Commercial) • By type (Custom, Blank) • By raw material (Spruce, Pine, Fir, Others) • By bonding methods (Adhesively Bonded, Mechanically Fastened) • By panel layers (3-Ply, 5-Ply, 7-Ply, Others) • By Adhesive Type (PUR, PRF, MUF, Others) • By Press Type (Hydraulic Press, Vacuum Press, Pneumatic Press, Others) • By Application Type (Structural Applications, Non-Structural Applications) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Stora Enso, Eugen Decker Holzindustrie KG, Schilliger Holz AG, Mayr-Melnhof Holz, Binderholz Gmbh, Hasslacher Holding GMBH, Structurlam, KLH Massivholz GmbH, and others. |
DRIVERS | • The increasing urban population |
RESTRAINTS | • Design challenges and CLT demand |
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Because of the hybrid construction, CLT allows both a beautiful design and a progressive transition to modern building technologies are the major opportunity for Cross Laminated Timber Market.
Ans: The impact of the COVID-19 pandemic is projected to diminish by the end of 2022, according to our core respondents. Market growth is largely due to companies reorganising their operations and recovering from the impact of COVID-19, which had previously resulted in restrictive containment measures such as remote working, social distancing and closure of commercial activities, resulting in operational challenges.
Residential, Public and Commercial are the sub-segments of by application segment.
Ans: Global Cross Laminated Timber Market Size was valued at USD 1.1 billion in 2021, and expected to reach USD 2.75 billion by 2028, and grow at a CAGR of 14% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Cross Laminated Timber Market Segment, By Application
8.1 Residential
8.2 Public
8.3 Commercial
9. Global Cross Laminated Timber Market Segment, By Type
9.1 Custom
9.2 Blank
10. Global Cross Laminated Timber Market Segment, By Raw Material
10.1 Spruce
10.2 Pine
10.3 Fir
10.4 Others
11. Global Cross Laminated Timber Market Segment, By Bonding Methods
11.1 Adhesively Bonded
11.2 Mechanically Fastened
12. Global Cross Laminated Timber Market Segment, By Panel Layers
12.13-Ply
12.2 5-Ply
12.3 7-Ply
12.4 Others
13. Global Cross Laminated Timber Market Segment, By Adhesive Type
13.1 PUR (Polyurethane)
13.2 PRF (Phenol Resorcinol Formaldehyde)
13.3 MUF (Melamine-Urea-Formaldehyde)
13.4 Others
14. Global Cross Laminated Timber Market Segment, By Press Type
14.1 Hydraulic Press
14.2 Vacuum Press
14.3 Pneumatic Press
14.4 Others
15. Global Cross Laminated Timber Market Segment, By Application Type
15.1 Structural Applications
15.2 Non-Structural Applications
16. Regional Analysis
16.1 Introduction
16.2 North America
16.2.1 USA
16.2.2 Canada
16.2.3 Mexico
16.3 Europe
16.3.1 Germany
16.3.2 UK
16.3.3 France
16.3.4 Italy
16.3.5 Spain
16.3.6 The Netherlands
16.3.7 Rest of Europe
16.4 Asia-Pacific
16.4.1 Japan
16.4.2 South Korea
16.4.3 China
16.4.4 India
16.4.5 Australia
16.4.6 Rest of Asia-Pacific
16.5 The Middle East & Africa
16.5.1 Israel
16.5.2 UAE
16.5.3 South Africa
16.5.4 Rest
16.6 Latin America
16.6.1 Brazil
16.6.2 Argentina
16.6.3 Rest of Latin America
17. Company Profiles
17.1 Stora Enso (Finland)
17.1.1 Financial
17.1.2 Products/ Services Offered
17.1.3 SWOT Analysis
17.1.4 The SNS view
17.2 Eugen Decker Holzindustrie KG (Germany)
17.3 Schilliger Holz AG (Switzerland)
17.4 Mayr-Melnhof Holz (Austria)
17.5 Binderholz Gmbh (Austria)
17.6 Hasslacher Holding GMBH (Austria)
17.7 Structurlam (Canada)
17.8 KLH Massivholz GmbH (Austria)
18. Competitive Landscape
18.1 Competitive Benchmark
18.2 Market Share analysis
18.3 Recent Developments
19. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.