PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1629358
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1629358
Europe Cross Laminated Timber Market Assessment, By Type, By Layer Type, By Structure Type, By Sector, By Country, Opportunities and Forecast, 2018-2032F
Europe cross laminated timber market is projected to witness a CAGR of 8.92% during the forecast period 2025-2032, growing from USD 709.85 million in 2024 to USD 1406.14 million in 2032. The cross-laminated timber (CLT) market in Europe is expected to grow immensely due to increased demand for environmentally friendly building materials and the rise in eco-friendly construction practices in the region. Cross-laminated timber is gaining importance as an innovative material in construction, offering the benefits of strength, versatility, sustainability, and high durability for use in walls, floors, roofs, and even furniture. This alternative will be beneficial over concrete and steel, making it beneficial for large infrastructure projects and skyscrapers. Continuity in the evolution of building codes and standards will further accelerate the integration of CLT, supporting its position as a nucleus of modern sustainable architecture. The key players in this sector are leading manufacturers that strategically position themselves to benefit from this growing demand by establishing new and advanced manufacturing facilities. Key industry participants include leading manufacturers strategically positioned to capitalize on this growing demand by establishing manufacturing facilities for supplying CLT for the construction of buildings.
For instance, in January 2022, Schilliger Holz AG started production in Volgelsheim of CLT for the construction of buildings in timber construction in France and all over the world. The demand for CLT large-format panels has increased accordingly in France and international export markets. CLT panel is the bundle of all layers glued together that guarantees the well-known high-quality standard already offered by the Swiss plant. In this way, the CLT panels are designed to meet high structural and esthetical requirements. The installation will be carried out in an existing hall in the plant at approx. 5000m2. The annual capacity in two-shift operation is designed for approximately 50,000 m3 CLT.
Rising Renovation Activities Bolster the Europe Market Demand
Cross laminated timber (CLT) has a significant demand increase owing to the growing renovation activities and increased focus on sustainable construction. As economic activity picks up pace and urbanization persist, the construction industry is constantly growing eco-friendly alternatives to traditional steel and concrete. Renovation projects typically tend to favor materials that have design flexibility, structural performance, and reduced carbon footprint, making CLT highly attractive. These factors altogether boost the use of CLT not only in new constructions but also in refurbishment activities, thus creating more demand for it in the market. Companies in cross-laminated timber market play a significant role in renovation, by incorporating CLT in residential buildings.
For instance, in January 2023, Setra Group AB, a UK-based manufacturing and distributing company, announced a partnership with Vasakronan AB to deliver locally made cross-laminated wood and glulam to Uppsala's Lumi district as Vasakronan is transforming a 1970s concrete building into state-of-the-art and more sustainable office space which requires 1,200 cubic meters. The project includes six cross-laminated wood beams for additional floors across two blocks, a new atrium connecting the buildings with cross-laminated timber footbridges, and a glulam for the atrium's roof structure.
Usage of Renewable and Green Building Materials Drives the Market
Renewable and green building materials are leading the market's growth in construction. Builders are favoring bamboo, recycled plastics, and sustainably sourced timber for buildings fittings because of greater environmental awareness and a push toward sustainability. For instance, in April 2024, Mercer Mass Timber, a low-carbon advanced manufacturer of timber building materials and subsidiary of Mercer International Inc., is providing mass timber for the Theodore Roosevelt Presidential Library in North Dakota's Badlands. These materials have benefits like less carbon emission and high energy efficiency, thus reducing operational costs in the long run. With the ever-increasing demand for renewable building materials, the contractors are prioritizing CLT to be used for their buildings.
For instance, in May 2024, a multi-story structure made from recycled concrete, steel, and self-shaped cross-laminated timber (CLT) was inaugurated in Southern Germany. The Wangen Tower was designed by the University of Stuttgart's Integrative Computational Design and Construction for Architecture Cluster of Excellence (IntCDC). Standing 23 meters tall, it consists of twelve long structural segments crafted from three different CLT elements, each precision-machined using advanced CNC technology.
Residential Construction Dominates the Market Growth
The residential construction sector is the major driver of the cross-laminated timber market, and it is expected to continue in its leading position. This segment benefits from CLT's mechanical strength, durability, and aesthetic appeal, which makes it an ideal choice for homes, driving the European cross laminated timber market demand. The growing emphasis on sustainable building practices and compliance with environmental regulations further enhances CLT's attractiveness in residential applications. Additionally, this trend enables the market players in cross-laminated timber to play a significant role in contemporary architecture, leading to incorporating CLT in buildings for energy efficiency and sustainability in construction according to the needs of an urban landscape.
For instance, in October 2023, De Groot used around 28,000 m2 CLT panels coming from Pfeifer Group to constructs a sustainably developed apartment building in the Netherlands in a city called Enschede. Due to the quality material and prefabricated degree of modules of wood components, the construction works are done, which allows the owners of 185 apartments to occupy them in the beginning of 2024.
Key manufacturing companies are increasing production to meet the increasing demand by purchasing manufacturing facilities and increasing production.
For instance, in February 2022, Mayr-Melnhof Holz Holding AG, the Austria-based company processing timber and laminated timber, had acquired Bergkvist Siljan. With this purchase, Mayr-Melnhof Holz is expecting to increase its lumber production by approximately 50%, which is 2.7 million cubic meters of sawn timber per year. This will allow them to make sales of more than USD 1.02 billion.
Future Market Scenario (2025 - 2032F)
The cross-laminated timber market is poised for significant growth as the construction industry increasingly embraces sustainable materials. This trend is driven by a Europe shift towards eco-friendly building practices.
With heightened awareness of environmental issues, there is a growing demand for CLT due to its low carbon footprint and renewable nature. This aligns with the construction sector's commitment to reducing its environmental impact.
Advancements in CLT manufacturing techniques are enhancing efficiency and reducing costs. These innovations are making CLT more accessible for a wider range of construction projects, further boosting its market appeal.
Key Players Landscape and Outlook
The competitive landscape of the cross-laminated timber (CLT) market is characterized by a mix of established players and emerging companies. Key market leaders are dominating through strategic mergers, acquisitions, and expansions. These companies are investing heavily in research and development to innovate eco-friendly products and enhance production capabilities. The market is also witnessing increased competition from regional players who are expanding their presence in North America and other emerging markets. Overall, the CLT market is evolving rapidly, driven by rising demand for sustainable building materials across various construction sectors.
For instance, in December 2024, Sodra Skogsagarna Ekonomisk Forening announced that its cross-laminated timber (CLT) is now available on the innovative CLT Toolbox platform. This collaboration enables engineers and architects to seamlessly design and optimize sustainable, efficient timber constructions using Sodra's CLT.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Executive Summary
4. Voice of Customer
- 4.1. Product and Market Intelligence
- 4.2. Brand Awareness
- 4.3. Factors Considered in Purchase Decisions
- 4.3.1. Features and Other Value-Added Service
- 4.3.2. Strength, Durability and Lifespan
- 4.3.3. Efficiency of Solutions
- 4.3.4. Compliance with Building Codes and Standards
- 4.4. Consideration of Privacy and Regulations
5. Europe Cross Laminated Timber Market Outlook, 2018-2032F
- 5.1. Market Size Analysis & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
- 5.2. Market Share Analysis & Forecast
- 5.2.1. By Type
- 5.2.1.1. Adhesive Bonded
- 5.2.1.2. Mechanically Fastened
- 5.2.2. By Layer type
- 5.2.2.1. 3-Ply
- 5.2.2.2. 5-Ply
- 5.2.2.3. Others
- 5.2.3. By Structure type
- 5.2.3.1. Walls
- 5.2.3.2. Floor
- 5.2.3.3. Roof
- 5.2.3.4. Smart Shafts
- 5.2.4. By Sector
- 5.2.4.1. Residential
- 5.2.4.2. Commercial
- 5.2.4.3. Government
- 5.2.5. By Country
- 5.2.5.1. Germany
- 5.2.5.2. Austria
- 5.2.5.3. France
- 5.2.5.4. Italy
- 5.2.5.5. United Kingdom
- 5.2.5.6. Russia
- 5.2.5.7. Netherlands
- 5.2.5.8. Spain
- 5.2.5.9. Norway
- 5.2.5.10. Denmark
- 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
- 5.2.1. By Type
- 5.3. Market Map Analysis, 2024
- 5.3.1. By Type
- 5.3.2. By Layer Type
- 5.3.3. By Structure Type
- 5.3.4. By Sector
- 5.3.5. By Country
6. Demand Supply Analysis
7. Value Chain Analysis
8. Porter's Five Forces Analysis
9. PESTLE Analysis
10. Pricing Analysis
11. Market Dynamics
- 11.1. Market Drivers
- 11.2. Market Challenges
12. Market Trends and Developments
13. Case Studies
14. Competitive Landscape
- 14.1. Competition Matrix of Top 5 Market Leaders
- 14.2. SWOT Analysis for Top 5 Players
- 14.3. Key Players Landscape for Top 10 Market Players
- 14.3.1. Stora Enso Oyj
- 14.3.1.1. Company Details
- 14.3.1.2. Key Management Personnel
- 14.3.1.3. Products and Services
- 14.3.1.4. Financials (As Reported)
- 14.3.1.5. Key Market Focus and Geographical Presence
- 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 14.3.2. Sodra Skogsagarna ekonomisk forening
- 14.3.3. PFEIFER Holding GmbH & Co. KG
- 14.3.4. Mayr-Melnhof Holz Holding AG
- 14.3.5. Binderholz GmbH
- 14.3.6. Segezha Group
- 14.3.7. Sterling Solutions LLC.
- 14.3.8. Schilliger Holz AG
- 14.3.9. KLH Massivholz GmbH
- 14.3.10. Mercer International Inc.
- 14.3.1. Stora Enso Oyj
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
15. Strategic Recommendations
16. About Us and Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Europe Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 2. Europe Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 3. Europe Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 4. Europe Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 5. Europe Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 6. Europe Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 7. Europe Cross Laminated Timber Market Share (%), By Country, 2018 - 2032F
- Figure 8. Germany Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 9. Germany Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 10. Germany Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 11. Germany Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 12. Germany Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 13. Germany Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 14. Austria Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 15. Austria Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 16. Austria Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 17. Austria Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 18. Austria Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 19. Austria Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 20. France Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 21. France Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 22. France Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 23. France Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 24. France Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 25. France Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 26. Italy Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 27. Italy Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 28. Italy Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 29. Italy Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 30. Italy Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 31. Italy Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 32. United Kingdom Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 33. United Kingdom Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 34. United Kingdom Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 35. United Kingdom Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 36. United Kingdom Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 37. United Kingdom Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 38. Russia Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 39. Russia Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 40. Russia Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 41. Russia Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 42. Russia Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 43. Russia Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 44. Netherlands Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 45. Netherlands Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 46. Netherlands Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 47. Netherlands Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 48. Netherlands Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 49. Netherlands Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 50. Spain Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 51. Spain Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 52. Spain Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 53. Spain Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 54. Spain Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 55. Spain Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 56. Norway Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 57. Norway Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 58. Norway Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 59. Norway Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 60. Norway Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 61. Norway Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 62. Denmark Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 63. Denmark Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 64. Denmark Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 65. Denmark Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 66. Denmark Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 67. Denmark Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 68. Rest of Europe Cross Laminated Timber Market, By Value, In USD Million, 2018 - 2032F
- Figure 69. Rest of Europe Cross Laminated Timber Market, By Volume, In Cubic Meters, 2018 - 2032F
- Figure 70. Rest of Europe Cross Laminated Timber Market Share (%), By Type, 2018 - 2032F
- Figure 71. Rest of Europe Cross Laminated Timber Market Share (%), By Layer Type, 2018 - 2032F
- Figure 72. Rest of Europe Cross Laminated Timber Market Share (%), By Structure Type, 2018 - 2032F
- Figure 73. Rest of Europe Cross Laminated Timber Market Share (%), By Sector, 2018 - 2032F
- Figure 74. Type Map-Market Size (USD Million) & Growth Rate (%), 2024
- Figure 75. Layer Type Map-Market Size (USD Million) & Growth Rate (%), 2024
- Figure 76. Structure Type Map-Market Size (USD Million) & Growth Rate (%), 2024
- Figure 77. Sector Map-Market Size (USD Million) & Growth Rate (%), 2024
- Figure 78. Country Map-Market Size (USD Million) & Growth Rate (%), 2024
