Global Cross Laminated Timber (CLT) Market Size, Share, Growth Analysis Report - Forecast 2034

Cross Laminated Timber (CLT) Market Size

The global cross laminated timber (CLT) market size was worth around USD 1.59 Billion in 2024 and is predicted to grow to around USD 5.66 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 13.55% between 2025 and 2034.

The report analyzes the global cross laminated timber (CLT) market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cross laminated timber (CLT) industry.

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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.

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.

Key Insights

• As per the analysis shared by our research analyst, the global cross laminated timber (CLT) market is estimated to grow annually at a CAGR of around 13.55% over the forecast period (2025-2034).
• Regarding revenue, the global cross laminated timber (CLT) market size was valued at around USD 1.59 Billion in 2024 and is projected to reach USD 5.66 Billion by 2034.
• The cross laminated timber (CLT) market is projected to grow at a significant rate due to growing preference for energy-efficient and low-carbon footprint structures, increasing demand for sustainable and eco-friendly construction materials, advancements in building technologies, and the rising adoption of CLT in residential and commercial con.
• Based on Type, the Adhesive Bonded CLT segment is expected to lead the global market.
• On the basis of Application, the Residential Buildings segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Europe is predicted to dominate the global market during the forecast period.

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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.

Cross Laminated Timber (CLT) Market: Segmentation Analysis

The global cross laminated timber (CLT) market is segmented based on Type, Application, and region.

Based on Type, the global cross laminated timber (CLT) market is divided into Adhesive Bonded CLT and Mechanically Fastened CLT.

On the basis of Application, the global cross laminated timber (CLT) market is bifurcated into Residential Buildings, Educational Institutes, Government/Public Buildings, and Industrial & Commercial Spaces.

Cross Laminated Timber (CLT) Market: Report Scope

Cross Laminated Timber (CLT) Market: Regional Analysis

Europe To Make Lucrative Contributions Towards Regional Market Size By 2034

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

Cross Laminated Timber (CLT) Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cross laminated timber (CLT) market on a global and regional basis.

The global cross laminated timber (CLT) market is dominated by players like:

• 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
• 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
• and Industrial & Commercial Spaces

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America