PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1512203
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1512203
Cross-Laminated Timber Market Size and Share Analysis by Type (Adhesive Bonding, Mechanically Fastened), Application (Structural, Non-structural), Industry (Residential, Non-residential) - Global Industry Revenue Estimation and Demand Forecast to 2030
Market Overview
The cross-laminated timber market generated revenue of USD 1,569.3 million by 2024, and it is expected to grow at a CAGR of 15.8% during the forecasted period, to reach USD 3,783.7 million by 2030. This is so because civil engineering projects possess more flexible designs as well as methods with faster implementation.
In addition to this, factors such as improved economic conditions for developing economies, increase in infrastructure spending, stringent environmental standards for production, higher purchasing power, and the increasing trend towards the use of green and environment-friendly building materials are the other factors that contributed to the market growth.
An increase in capacities is also one of the viable strategies employed by the producers to increase the capacity of business. The increasing demand led to an increase in the ability to produce more but it needs to be also discussed in terms of one more essential segment of the value chain which is investment.
Therefore, the quantity has to be considered regarding the process machinery and people employed for the manufacturing activities. The cross-laminated timber market has been experiencing continuous expansion due to favorable measures, which are taken by government entities to direct their attention toward adopting sustainable alternatives within construction and engineering.
At present, one of the most significant sections that tend to define the global market is the steadily rising need for efficient and durable materials across the globe. Rising levels of pollution, in addition, fostered the need for continuous construction elements, including cross-laminated timber. Besides these, it assists in shortening the construction time as pertains to structures formed from common construction materials like bricks and concrete.
Key Insights
The adhesive bonding category grips approximately 80% of the industry share, offering robust structural stability for wood layers.
Adhesive bonding is way more lucrative in comparison to mechanical fasteners, decreasing the price of cross-laminated timber.
Increasing need for wooden residential buildings, such as single-family homes and multi-family flats, because of their aesthetic appeal, architectural flexibility, and advanced fire resistance.
Growing partnerships between businesses and end-users fuel industry demand for adhesive-bonded items.
Non-structural category to witness more than 15% CAGR, propelled by development in the residential sector.
Cross-laminated timber panels used in floor, roof, and wall applications, both non-load bearing and load bearing.
Initially used for low and mid-rise buildings, now expanding to broader applications in construction.
The non-residential category holds over 80% of the market share due to regulated environmental use, including water and electricity.
Cross-laminated wood is applied in construction by companies as it is stiff and provides mechanical and aesthetic attributes in the non-residential sections.
The Non-residential sector is also filled with great opportunities for the market players mainly due to its growing product approvals.
The European market has been boosted highly by the wooden products' light weight, ease of remodeling, and above all, the higher investments being made in this field as is evident by the $145 million invested by Mayr Melnhof Holz Holding AG on the cross-laminated timber plant in Austria.
Within Asia-Pacific, increased green building legislation and an expanding construction sector, especially in China, fuel market demand due to a desire for high-performance building materials and governments' policies that promote such materials.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by industry
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2019-2030)
- 6.3. Market Revenue, by Application (2019-2030)
- 6.4. Market Revenue, by Industry (2019-2030)
- 6.5. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2019-2030)
- 7.3. Market Revenue, by Application (2019-2030)
- 7.4. Market Revenue, by Industry (2019-2030)
- 7.5. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2019-2030)
- 8.3. Market Revenue, by Application (2019-2030)
- 8.4. Market Revenue, by Industry (2019-2030)
- 8.5. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2019-2030)
- 9.3. Market Revenue, by Application (2019-2030)
- 9.4. Market Revenue, by Industry (2019-2030)
- 9.5. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2019-2030)
- 10.3. Market Revenue, by Application (2019-2030)
- 10.4. Market Revenue, by Industry (2019-2030)
- 10.5. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2019-2030)
- 11.3. Market Revenue, by Application (2019-2030)
- 11.4. Market Revenue, by Industry (2019-2030)
- 11.5. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2019-2030)
- 12.3. Market Revenue, by Application (2019-2030)
- 12.4. Market Revenue, by Industry (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2019-2030)
- 13.3. Market Revenue, by Application (2019-2030)
- 13.4. Market Revenue, by Industry (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2019-2030)
- 14.3. Market Revenue, by Application (2019-2030)
- 14.4. Market Revenue, by Industry (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2019-2030)
- 15.3. Market Revenue, by Application (2019-2030)
- 15.4. Market Revenue, by Industry (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2019-2030)
- 16.3. Market Revenue, by Application (2019-2030)
- 16.4. Market Revenue, by Industry (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2019-2030)
- 17.3. Market Revenue, by Application (2019-2030)
- 17.4. Market Revenue, by Industry (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2019-2030)
- 18.3. Market Revenue, by Application (2019-2030)
- 18.4. Market Revenue, by Industry (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2019-2030)
- 19.3. Market Revenue, by Application (2019-2030)
- 19.4. Market Revenue, by Industry (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2019-2030)
- 20.3. Market Revenue, by Application (2019-2030)
- 20.4. Market Revenue, by Industry (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2019-2030)
- 21.3. Market Revenue, by Application (2019-2030)
- 21.4. Market Revenue, by Industry (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2019-2030)
- 22.3. Market Revenue, by Application (2019-2030)
- 22.4. Market Revenue, by Industry (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2019-2030)
- 23.3. Market Revenue, by Application (2019-2030)
- 23.4. Market Revenue, by Industry (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2019-2030)
- 24.3. Market Revenue, by Application (2019-2030)
- 24.4. Market Revenue, by Industry (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2019-2030)
- 25.3. Market Revenue, by Application (2019-2030)
- 25.4. Market Revenue, by Industry (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2019-2030)
- 26.3. Market Revenue, by Application (2019-2030)
- 26.4. Market Revenue, by Industry (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2019-2030)
- 27.3. Market Revenue, by Application (2019-2030)
- 27.4. Market Revenue, by Industry (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2019-2030)
- 28.3. Market Revenue, by Application (2019-2030)
- 28.4. Market Revenue, by Industry (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Mayr-Melnhof Holz Holding AG
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Binderholz GmbH
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.3. Eugen Decker Holz-industrie GmbH & Co. KG
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.4. HASSLACHER Group
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.5. Schilliger Holz AG
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.6. KLH Massivholz GmbH
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.7. Mercer International Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.8. Hyne Group
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.9. Pfeifer Holding GmbH
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.10. Lion Lumber
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.11. CLT Finland Oy
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
