Cross Laminated Timber (CLT) Market - Global Industry Analysis

Cross Laminated Timber (CLT) Market- By Type (Adhesive Bonded CLT and Mechanically Fastened CLT), By Application (Residential Buildings, Educational Institutes, Government/Public Buildings, and Industrial & Commercial Spaces), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 03-Jan-2022 Category: Chemical & Materials Report Format : PDF Pages: 165 Report Code: ZMR-3643 Status : Published

The global Cross Laminated Timber (CLT) Market accrued earnings worth approximately 957.12 (USD Million) in 2020 and is predicted to gain revenue of about 2,704.13(USD Million) by 2028, is set to record a CAGR of nearly 15.1% over the period from 2021 to 2028.

Description

The global Cross Laminated Timber (CLT) Market accrued earnings worth approximately 957.12 (USD Million) in 2020 and is predicted to gain revenue of about 2,704.13(USD Million) by 2028, is set to record a CAGR of nearly 15.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Cross Laminated Timber (CLT) Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million).

Cross Laminated Timber (CLT) Market: Outlook

Cross laminated timber is a wood panel product made when two solid sawn lumber layers are glued together. For the record, cross laminated timber was first manufactured and utilized in Germany & Austria in 1990. Changing environmental conditions and need for sustainable substances in building & construction sector have resulted in enhanced demand for cross laminated timber. Apart from this, cross laminated timber demonstrates exceptional features such as durability, earthquake resistance, and fire resisting ability.

Gloabl Cross Laminated Timber (CLT) Market

Cross Laminated Timber (CLT) Market: Growth Factors

Escalating demand for sustainable residential places will steer growth of cross laminated timber (CLT) market. Massive customer demand for cross-laminated timber in single & multi-family residential buildings in countries of North America and Western Europe will translate into humungous growth of cross laminated timber (CLT) industry. Humungous popularity of upscale buildings will favorably impact revenue growth of cross laminated timber (CLT) industry in ensuing years. Moreover, rise in per capita income and capacity of industry players to procure raw material & produce extensively will steer expansion of cross laminated timber (CLT) market. In addition to this, surge in awareness among customers about advantages of using cross laminated timber in construction activities will create new growth avenues for cross laminated timber (CLT) industry.

Furthermore, growing inclination of end-users towards eco-friendly products and green constructions will unfurl novel growth vistas for cross laminated timber (CLT) industry. Reportedly, huge numbers of construction firms globally prefer cross laminated timber & other kinds of construction materials for buildings. This, in turn, will enlarge scope of growth for cross laminated timber (CLT) market.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Cross Laminated Timber (CLT) Market: Regional Landscape

Europe To Make Lucrative Contributions Towards Regional Market Size By 2028

Growth of cross laminated timber (CLT) industry in Europe over forecast timespan is subject to rise in green building constructions in sub-continent. Surging preference for wooden products in construction sector will aid expansion of cross laminated timber (CLT) market in Europe over forecasting timespan. Presence of giant manufacturers in countries such as Norway, UK, France, and Germany and spike in demand for product will produce new avenues of growth for cross laminated timber (CLT) market over forecasting timespan.

Competitive Landscape   

Key players impacting growth of cross laminated timber (CLT) market and profiled in study are HASSLACHER Holding GmbH, Stora Enso Oyj, Nordic Structures, Ed. Züblin AG, KLH Massivholz GmbH, Binderholz Bausysteme GmbH, Mayr-MelnhofHolz Holding GmbH, Structurlam Mass Timber Corporation, Eugen Decker Holzindustrie KG, Sterling Lumber Company, and W. u. J. Derix GmbH & Co.

The global Cross Laminated Timber (CLT) Market is segmented as follows:

By Type

  • Adhesive Bonded CLT
  • Mechanically Fastened CLT

By Application

  • Residential Buildings
  • Educational Institutes  
  • Government/Public Buildings
  • Industrial & Commercial Spaces

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cross Laminated Timber (CLT) Market, (2022 - 2028) (USD Million)
    • 2.2 Global Cross Laminated Timber (CLT) Market : snapshot
  • Chapter 3. Global Cross Laminated Timber (CLT) Market - Industry Analysis
    • 3.1 Cross Laminated Timber (CLT) Market: Market Dynamics
    • 3.2 Market Drivers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Cross Laminated Timber (CLT) Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cross Laminated Timber (CLT) Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cross Laminated Timber (CLT) Market - Type Analysis
    • 5.1 Global Cross Laminated Timber (CLT) Market overview: By Type
      • 5.1.1 Global Cross Laminated Timber (CLT) Market share, By Type, 2021 and 2028
    • 5.2 Adhesive Bonded CLT
      • 5.2.1 Global Cross Laminated Timber (CLT) Market by Adhesive Bonded CLT, 2022 - 2028 (USD Million)
    • 5.3 Mechanically Fastened CLT
      • 5.3.1 Global Cross Laminated Timber (CLT) Market by Mechanically Fastened CLT, 2022 - 2028 (USD Million)
  • Chapter 6. Global Cross Laminated Timber (CLT) Market - Application Analysis
    • 6.1 Global Cross Laminated Timber (CLT) Market overview: By Application
      • 6.1.1 Global Cross Laminated Timber (CLT) Market share, By Application, 2021 and 2028
    • 6.2 Residential Buildings
      • 6.2.1 Global Cross Laminated Timber (CLT) Market by Residential Buildings, 2022 - 2028 (USD Million)
    • 6.3 Educational Institutes  
      • 6.3.1 Global Cross Laminated Timber (CLT) Market by Educational Institutes  , 2022 - 2028 (USD Million)
    • 6.4 Government/Public Buildings
      • 6.4.1 Global Cross Laminated Timber (CLT) Market by Government/Public Buildings, 2022 - 2028 (USD Million)
    • 6.5 Industrial & Commercial Spaces
      • 6.5.1 Global Cross Laminated Timber (CLT) Market by Industrial & Commercial Spaces, 2022 - 2028 (USD Million)
  • Chapter 7. Cross Laminated Timber (CLT) Market - Regional Analysis
    • 7.1 Global Cross Laminated Timber (CLT) Market Regional Overview
    • 7.2 Global Cross Laminated Timber (CLT) Market Share, by Region, 2021 & 2028 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
        • 7.3.1.1 North America Cross Laminated Timber (CLT) Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 North America Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028
      • 7.4.1 North America Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 North America Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028
      • 7.5.1 North America Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028 (USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
        • 7.4.2.1 Europe Cross Laminated Timber (CLT) Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Europe Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028
      • 7.4.1 Europe Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Europe Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028
      • 7.5.1 Europe Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028 (USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
        • 7.5.3.1 Asia Pacific Cross Laminated Timber (CLT) Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Asia Pacific Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028
      • 7.4.1 Asia Pacific Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Asia Pacific Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028
      • 7.5.1 Asia Pacific Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028 (USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
        • 7.6.4.1 Latin America Cross Laminated Timber (CLT) Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Latin America Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028
      • 7.4.1 Latin America Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Latin America Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028
      • 7.5.1 Latin America Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028 (USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
        • 7.7.5.1 The Middle-East and Africa Cross Laminated Timber (CLT) Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 The Middle-East and Africa Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Cross Laminated Timber (CLT) Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 The Middle-East and Africa Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Cross Laminated Timber (CLT) Market, by Application, 2022 - 2028 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 ASSLACHER Holding GmbH
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Stora Enso Oyj
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Nordic Structures
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Ed. Züblin AG
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 KLH Massivholz GmbH
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Binderholz Bausysteme GmbH
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Mayr-MelnhofHolz Holding GmbH
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Structurlam Mass Timber Corporation
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Eugen Decker Holzindustrie KG
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Sterling Lumber Company
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 W. u. J. Derix GmbH & Co.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Cross Laminated Timber (CLT) Market attractiveness, By Type
  • 6. Global Cross Laminated Timber (CLT) Market attractiveness, By Application
  • 7. Global Cross Laminated Timber (CLT) Market share by Type, 2022 and 2028 (USD Million)
  • 8. Global Cross Laminated Timber (CLT) Market by Adhesive Bonded CLT, 2022 - 2028 (USD Million)
  • 9. Global Cross Laminated Timber (CLT) Market by Mechanically Fastened CLT, 2022 - 2028 (USD Million)
  • 10. Global Cross Laminated Timber (CLT) Market share by Application, 2022 and 2028 (USD Million)
  • 11. Global Cross Laminated Timber (CLT) Market by Residential Buildings, 2022 - 2028 (USD Million)
  • 12. Global Cross Laminated Timber (CLT) Market by Educational Institutes  , 2022 - 2028 (USD Million)
  • 13. Global Cross Laminated Timber (CLT) Market by Government/Public Buildings, 2022 - 2028 (USD Million)
  • 14. Global Cross Laminated Timber (CLT) Market by Industrial & Commercial Spaces, 2022 - 2028 (USD Million)
  • 15. Global Cross Laminated Timber (CLT) Market share, by Region, 2022 and 2028
  • 16. North America Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
  • 17. Europe Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
  • 18. Asia Pacific Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
  • 19. Latin America Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)
  • 20. The Middle-East and Africa Cross Laminated Timber (CLT) Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Cross Laminated Timber (CLT) Market: Snapshot
  • 2. Drivers of the Cross Laminated Timber (CLT) Market: impact analysis
  • 3. North America Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 4. North America Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 5. U.S. Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 6. U.S. Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 7. Canada Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 8. Canada Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 9. Europe Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 10. Europe Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 11. Germany Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 12. Germany Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 13. France Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 14. France Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 15. U.K. Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 16. U.K. Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 17. Italy Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 18. Italy Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 19. Spain Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 20. Spain Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 21. Rest of Europe Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 22. Rest of Europe Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 23. Asia Pacific Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 24. Asia Pacific Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 25. China Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 26. China Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 27. Japan Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 28. Japan Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 29. India Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 30. India Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 31. South Korea Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 32. South Korea Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 33. South-East Asia Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 34. South-East Asia Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 35. Rest of Asia Pacific Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 36. Rest of Asia Pacific Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 37. Latin America Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 38. Latin America Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 39. Brazil Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 40. Brazil Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 41. Mexico Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 42. Mexico Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 43. Rest of Latin America Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 44. Rest of Latin America Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 45. The Middle-East and Africa Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 46. The Middle-East and Africa Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 47. GCC Countries Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 48. GCC Countries Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 49. South Africa Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 50. South Africa Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)
  • 51. Rest of Middle-East Africa Cross Laminated Timber (CLT) Market revenue, By Type, 2022 - 2028 (USD Million)
  • 52. Rest of Middle-East Africa Cross Laminated Timber (CLT) Market revenue, By Application, 2022 - 2028 (USD Million)

Methodology

Free Analysis

Cross laminated timber (CLT) is a pre-fabricated solid engineered wood panel, which is made from bonded layers of solid-sawn lumber. This lumber is bonded together using beech screws or dowels, adhesives, and aluminum nails.

Owing to sustainability concerns, the rising demand for CLT in construction and building applications due to its cost-effectiveness is likely to drive the global cross laminated timber (CLT) market. However, moisture trapping and wetting potential in certain climatic conditions might impede this market. Nevertheless, new market avenues are likely to create new opportunities in the global cross laminated timber (CLT) market in the years to come.

Cross Laminated Timber (CLT) Market

The cross laminated timber (CLT) market is divided based on the type and application. By type, the market is bifurcated into adhesive bonded CLT and mechanically fastened CLT. The adhesive bonded CLT segment held largest market share in 2017, owing to its seismic performance and greater strength. Both the segments are expected to witness rapid expansion in the future.

By application, the cross laminated timber (CLT) market is segmented into residential buildings, educational institutes, government/public buildings, and industrial and commercial spaces. Residential buildings held the largest market share in 2017. This was due to the fact that residential buildings use CLT in roofs, ceilings, and walls. Walls and flooring made from CLT are generally assembled before transporting them to project sites. The rising number of residential construction projects is anticipated to fuel the cross laminated timber (CLT) market over the forecast time period.

By geography, Europe dominated the global cross laminated timber (CLT) market and accounted for around 60% market share in 2017. The presence of major manufacturers, such as Mayr-MelnhofHolz Holding AG, Stora Enso, BinderholzBausysteme GmbH, HASSLACHER Holding GmbH, and KLH Massivholz GmbH, in Europe is attracting a large number of CLT customers. The consumption of CLT in Germany is higher than in other countries, due to CLT’s widespread acceptance among builders and architects. In Asia Pacific, New Zealand, Australia, and Japan are major consumers of CLT. Earthquake-prone countries, such as Japan and India, have shown significant interest in using cross laminated timber as a construction material for residential and non-residential buildings. North America’s CLT demand was valued around USD 130.8 million in 2017, owing to the rising CLT use in residential and institutional applications. Increasing consumer demand for luxury and stylish apartments is anticipated to fuel this industry’s growth. The growing CLT use in residential applications, including floors, ceilings, and walls, is also estimated to drive this market. This region is projected to be the second largest market in the future. The Middle Eastern and African and Latin American regions are expected to witness moderate growth over the forecast time period.

The key manufacturers of the cross laminated timber (CLT) market are Stora Enso, KLH Massivholz GmbH, BinderholzBausysteme GmbH, HASSLACHER Holding GmbH, Mayr-MelnhofHolz Holding AG, Structurlam Mass Timber Corporation, Eugen Decker Holzindustrie KG, Nordic Structures, Sterling Lumber Company, Ed. Züblin AG, and W. u. J. Derix GmbH & Co.

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FrequentlyAsked Questions

Escalating demand for sustainable residential places will steer growth of cross laminated timber (CLT) market. Massive customer demand for cross-laminated timber in single & multi-family residential buildings in countries of North America and Western Europe will translate into humungous growth of cross laminated timber (CLT) industry. Humungous popularity of upscale buildings will favorably impact revenue growth of cross laminated timber (CLT) industry in ensuing years. Moreover, rise in per capita income and capacity of industry players to procure raw material & produce extensively will steer expansion of cross laminated timber (CLT) market. In addition to this, surge in awareness among customers about advantages of using cross laminated timber in construction activities will create new growth avenues for cross laminated timber (CLT) industry. Furthermore, growing inclination of end-users towards eco-friendly products and green constructions will unfurl novel growth vistas for cross laminated timber (CLT) industry.

According to Zion market research report, the global Cross Laminated Timber (CLT) Market accrued earnings worth approximately 957.12 (USD Million) in 2020 and is predicted to gain revenue of about 2,704.13(USD Million) by 2028, is set to record a CAGR of nearly 15.1% over the period from 2021 to 2028.

Europe will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to rise in green building constructions in sub-continent. Surging preference for wooden products in construction sector will aid expansion of cross laminated timber (CLT) market in Europe over forecasting timespan. Presence of giant manufacturers in countries such as Norway, UK, France, and Germany and spike in demand for product will produce new avenues of growth for cross laminated timber (CLT) market over forecasting timespan.

The key market participants include HASSLACHER Holding GmbH, Stora Enso Oyj, Nordic Structures, Ed. Züblin AG, KLH Massivholz GmbH, Binderholz Bausysteme GmbH, Mayr-MelnhofHolz Holding GmbH, Structurlam Mass Timber Corporation, Eugen Decker Holzindustrie KG, Sterling Lumber Company, and W. u. J. Derix GmbH & Co.

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