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Cross Laminated Timber Market

Cross Laminated Timber Market Size, Share & 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), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1430 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Cross Laminated Timber Market Size was valued at USD 1.1 billion in 2021 and is expected to reach USD 2.75 billion by 2028, and grow at a CAGR of 14% over the forecast period 2022-2028. 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.

Cross Laminated Timber Market Revenue Graph

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

Cross Laminated Timber Market Segment Pie Chart

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

 

Cross Laminated Timber Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.1 Billion
Market Size by 2028 US$ 2.75 Billion
CAGR CAGR of 14% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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

 

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

 

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Secondary Research

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