Press Release
Press Release
Cross-laminated timber (CLT) is a solid engineered wood product which is rapidly gaining popularity in residential and non-residential applications. Owing to its properties CLT is proving to be a highly advantageous alternative to conventional materials like concrete, masonry or steel.
CLT panels are strong, stiff, light weight, fire and thermal resistant and generate almost no waste on site which allows them to be used in a wide range of applications. Its dimensional stability and structural properties make it a suitable choice for floors, walls and roofs. As it is prefabricated, it can be easily and efficiently installed which saves the construction time. It can be used solely for an entire building or can be combined with other building materials, thereby, facilitating flexibility in design and style. Moreover, it is an environmentally preferable choice as it is renewable, sustainable and emits less greenhouse gases. It outperforms conventional building materials in terms of carbon footprint, energy dissipation, embodied energy, and air and water pollution.
According to a new report by Expert Market Research, the global cross-laminated timber market reached a production value of USD 1,574.1 million in 2023 and is further expected to reach USD 5,432.72 million by 2032. One of the major factors driving the growth of the market has been the revisions in the International Building Code 2016 which have allowed the use of CLT for high-rise buildings. Some of the factors which are anticipated to influence the market growth include growing awareness, improved marketing and effective distribution channels, reduced building costs, and rising demands for improved and energy-efficient building materials.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.