IMARC Group, a leading market research company, has recently releases report titled “Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global cross-laminated timber market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the cross-laminated timber market?
Report Attributes
Details
Market Size in 2022
2,105,690 Cubic Metres
Market Forecast in 2028
4,241,413 Cubic Metres
Growth rate (2023 to 2028)
CAGR of 12.17%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is Cross-laminated timber?
Cross-laminated timber (CLT) is an innovative engineered wood product that is gaining popularity as a sustainable alternative to traditional building materials. It is created by stacking and gluing multiple layers of dimensioned lumber boards at right angles to each other. The resulting solid panel provides exceptional strength, stability, and durability. One of the key characteristics of cross-laminated timber is its structural integrity. The alternating orientation of the wood layers ensures that CLT panels have high load-bearing capacity and can withstand significant forces, thus making them suitable for use in large-scale construction projects. CLT also exhibits excellent fire resistance due to the charring effect that occurs on the surface, thereby providing an inherent level of protection. CLT offers features, such as it is prefabricated off-site, allowing for precise manufacturing and efficient assembly on-site, resulting in reduced construction time and labour costs. CLT also has excellent thermal insulation properties, contributing to energy efficiency in buildings. Cross-laminated timber finds its application in various industries, such as construction and residential.
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What are the growth prospects and trends in the cross-laminated timber industry?
Who are the key players operating in the industry?
The report covers the major market players including:
• Stora Enso
• KLH
• Binderholz
• Mayr Melnhof
• Hasslacher
• XLam Limited
• Sterling Lumber
• Shilliger Holz AG
• Eugen Decker Holzindustrie KG
• Structurlam
• SmartLam
• Meiken Lamwood Corp.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Application:
• Residential• Educational Institutes• Government/Public Buildings• Commercial Spaces
Breakup by Product Type:
• Custom CLT• Blank CLT
Breakup by Element Type:
• Wall Panels• Flooring Panels• Roofing Slabs• Others
Breakup by Raw Material Type:
• Spruce• Pine• Fir• Others
Breakup by Bonding Method:
• Adhesively Bonded• Mechanically Fastened
Breakup by Panel Layers:
• 3-Ply• 5-Ply• 7-Ply• Others
Breakup by Adhesive Type:
• PUR (Polyurethane)• PRF (Phenol Resorcinol Formaldehyde)• MUF (Melamine-Urea-Formaldehyde)• Others
Breakup by Press Type:
• Hydraulic Press• Vacuum Press• Pneumatic Press• Others
Breakup by Storey Class:
• Low-Rise Buildings (1-4 Storeys)• Mid-Rise Buildings (5-10 Storeys)• High-Rise Buildings (More than 10 Storeys)
Breakup by Application Type:
• Structural Applications• Non-Structural Applications
Breakup by Region:
• North America (United States, Canada)• Europe (Germany, France, United Kingdom, Italy, Spain, Others)• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)• Latin America (Brazil, Mexico, Others)• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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