Global Cross-Laminated Timber Market to Reach USD 5749.82 Million by 2035

Cross-laminated timber (CLT) market 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.

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.

Key findings from the report:

• Region-wise, Europe dominated the market with a major share of the total global production in 2025. It was followed by North America and Others. 
• Being fragmented in nature, the global cross laminated timber market is surrounded by a number of players. Some of these players include Stora Enso, KLH, Binderholz, Mayr Melnhof, Hasslacher, Merk Timber, Lignotrend, Eugen Decker, Schilliger Holz, WUJ Derix.

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Expert Market Research has analysed the global cross laminated timber market according to application, product type, element type, raw material type, bonding methods, panel layers, adhesive type, press type, storey class, end use, major regions and top players:

On the basis of application, the market is divided into:

• Residential
• Public
• Commercial

Based on product type, the industry is segmented into:

• Custom CLT
• Blank CLT

On the basis of element type, the industry is divided into:

• Wall Panels
• Flooring Panels
• Roofing Panels
• Others

Based on raw material type, the industry is segregated into:

• Spruce
• Pine
• Fir
• Others

On the basis of bonding methods, the industry is divided into:

• Adhesively Bonded
• Mechanically Fastened

On the basis of Panel Layers, the industry is divided into:

• 3-Ply
• 5-Ply
• 7-Ply
• Others

On the basis of Adhesive Type, the industry is divided into:

• PUR (Polyurethane)
• PRF (Phenol Resorcinol Formaldehyde)
• MUF (Melamine-Urea-Formaldehyde)
• Others

On the basis of Press Type, the industry is divided into:

• Hydraulic Press
• Vacuum Press
• Pneumatic Press
• Others

On the basis of Storey Class, the industry is divided into:

• Low-Rise Buildings (1-4 Storeys)
• Mid-Rise Buildings (5-10 Storeys)
• High-Rise Buildings (More than 10 Storeys)

On the basis of End Use, the industry is divided into:

• Structural Applications
• Non-Structural Applications

On the basis of Region, the industry is divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Top players

• Stora Enso Group
• Binderholz GmbH
• Mayr Melnhof Holz Group
• Schilliger Holz AG
• KLH Massivholz GmbH
• HASSLACHER Holding GmbH
• Sterling Company
• Structurlam Mass Timber Corporation
• Nordic Structures
• Eugen Decker Holzindustrie KG
• Others

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