Global Cross Laminated Timber Market Report 2023: Expanding Building Activity Bolsters Growth

DUBLIN, June 23, 2023 /PRNewswire/ -- The "Cross Laminated Timber Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The global cross laminated timber market is expected to grow at a CAGR of around 14.3% to reach $4.24 Billion by 2030 from $1.66 Billion in 2023.

This report on global cross laminated timber market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape.

The report presents a clear picture of the global cross laminated timber market by segmenting the market based on application, product type, element type, raw material type, bonding method, panel layers, adhesive type, press type, storey class, application type and region.

Also, detailed profiles of companies operating in the cross laminated timber market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Companies Mentioned 

• Binderholz
• Eugen Decker Holzindustrie KG
• Hasslacher
• KLH
• Mayr Melnhof
• Meiken Lamwood Corp.
• Shilliger Holz AG
• SmartLam
• Sterling Lumber
• Stora Enso
• Structurlam
• XLam Limited

Market Dynamics

Drivers

• Expanding Building Activity
• Cost-Effective
• Environmentally Beneficial Since it Generates Less Greenhouse Gases

Challenges

• Mediocre Fire and Moisture Resistance

Historical & Forecast Period

• Base Year: 2022
• Historical Period: 2018-2022
• Forecast Period: 2023-2030

Market Segmentation

by Application

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

by Product Type

• Custom CLT
• Blank CLT

by Element Type

• Wall Panels
• Flooring Panels
• Roofing Slabs
• Others

by Raw Material Type

• Spruce
• Pine
• Fir
• Others

by Bonding Method

• 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 Storey Class

• Low-Rise Buildings (1-4 Storeys)
• Mid-Rise Buildings (5-10 Storeys)
• High-Rise Buildings (More than 10 Storeys

by Application Type

• Structural Applications
• Non-Structural Applications

For more information about this report visit https://www.researchandmarkets.com/r/ucpfhb

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