The 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.
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The increasing urban population
Design challenges and CLT demand
Because of the hybrid construction, CLT allows both a beautiful design and a progressive transition to modern building technologies.
During peak season, cross laminated timber suppliers have long lead times.
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
By Raw Material
By Bonding Methods
By Panel Layers
By Adhesive Type
PRF (Phenol Resorcinol Formaldehyde)
By Press Type
By Application Type
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022
|US$ 1.25 Billion
|Market Size by 2030
|US$ 3.75 Billion
|CAGR of 14% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|Stora Enso, Eugen Decker Holzindustrie KG, Schilliger Holz AG, Mayr-Melnhof Holz, Binderholz Gmbh, Hasslacher Holding GMBH, Structurlam, KLH Massivholz GmbH, and others.
|• The increasing urban population
|• Design challenges and CLT demand
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 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
9. Global Cross Laminated Timber Market Segment, By Type
10. Global Cross Laminated Timber Market Segment, By Raw Material
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
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)
14. Global Cross Laminated Timber Market Segment, By Press Type
14.1 Hydraulic Press
14.2 Vacuum Press
14.3 Pneumatic Press
15. Global Cross Laminated Timber Market Segment, By Application Type
15.1 Structural Applications
15.2 Non-Structural Applications
16. Regional Analysis
16.2 North America
16.3.6 The Netherlands
16.3.7 Rest of Europe
16.4.2 South Korea
16.4.6 Rest of Asia-Pacific
16.5 The Middle East & Africa
16.5.3 South Africa
16.6 Latin America
16.6.3 Rest of Latin America
17. Company Profiles
17.1 Stora Enso (Finland)
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
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