Expert Market Research Explores the Top 4 Companies in the Global Laminated Timber Market

The global laminated timber market attained a value of about USD 5.4 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032, at a CAGR of 11.3%.

Laminated timber's exceptional features, such as thermal insulation and acoustic applications, enable it to be used in the ceiling tile industry, a rapidly growing and expanding market. Engineered wood products, like cross-laminated timber, are used in the construction sector as an environment-friendly alternative to fossil-based materials like steel and concrete. As a result, they are being utilised in the construction of high-rise buildings, parking structures, pavilions, and bridges, among other things; trends like these are driving the laminated timber industry forward. It provides seismic resilience and is also suitable for fire safety, which could assist the market growth in countries like Japan and New Zealand.

As people are becoming more conscious of the rapid effects of climate change, governments worldwide are emphasising the usage of biodegradable and recyclable items. As a result, they are promoting the use of laminated timber, which is made from renewable resources, which will help the market grow faster. Various initiatives, such as Wood Works in Canada and Wood First in Europe, are also aimed at increasing the usage of wood-based materials, which will help the market grow even further.

Laminated timber is a structural wood product manufactured from wood strips that have been bonded with an adhesive. It is utilised for load-bearing structures in horizontal and vertical directions, such as load-bearing bridge construction, because of its dimensional stability and high strength.

Nail laminated timber (NLT), Cross-laminated timber (CLT), and glue-laminated timber (Glulam), among others, are the most common types of laminated timber in the market. Residential, commercial, and institutional wheat are the most significant wheat types in the market.

The market is also being driven by rising demand for laminated timber, particularly in North America and Europe, due to increased awareness and technical improvement. The Food and Agricultural Organization of the United States (FAO) recently released a report that encourages the utilisation of wood as a construction material, thereby contributing to the development of the bioeconomy and boosting the market growth.

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Top 4 Companies in the Global Laminated Timber Market:

Mayr Melnhof Holz Group

The MM Group is the world's largest manufacturer of coated recycled fibre-based carton board, as well as a significant producer of virgin fibre-based carton board and the largest producer of folding cartons in Europe and a number of other nations outside Europe. Mayr Melnhof Holz focuses on sawn timber, glulam, floorboard, solid wood floors, formwork panel, cross laminated timber, and wood briquettes for panels and solid wood floors.

Binderholz GmbH

A family business, which began as a small sawmill operation 60 years ago, has grown into a major European company with cutting-edge technology and manufacturing methods, as well as a corresponding reputation on the timber market. Binderholz has a total of 12 sites. Five sites in Austria –Jenbach, Fügen, Unternberg, St. Georgen, and Hallein – five sites in Germany –Burgbernheim, Kösching, Baruth, Oberrot, and Wolfegg – and two sites in Finland – Lieksa and Nurmes – employ a total of 2,750 people. Products offered by Binderholz GmbH include profiled timber, planed timber, horse litter, solid wood panels, garden wood and pressboard pallets.

Schilliger Holz AG

Schilliger Holz AG is presently managed by the Schilliger family's fifth generation. Schilliger Holz AG, Schilliger Holz-Industrie AG, Schilliger Sägewerke AG, and Schilliger Bois SAS are four legally separate companies that make up Schilliger Holz. Schilliger Holz AG operates at 3 locations- in Perlen LU, Haltikon SZ, and in Volgelsheim (F).  Products offered by Schilliger Holz AG include glulam, solid timber, cross laminated timber, and planed products.

Calvert Co. Inc.

Calvert Company has been producing high-quality glued laminated beams for over 60 years. Two manufacturing plants in Washougal and Vancouver, Washington, both in the Pacific Northwest, produce glulams for commercial and residential projects all over the world. Products offered by Calvert Co. include curved and arched glulams, straight glulams, and heavy timber trusses, among others.