Base Year
Historical Year
Forecast Year
The Australia cross-laminated timber market size reached USD 95.13 million in 2023. The market is expected to grow at a CAGR of 17.1% between 2024 and 2032, reaching USD 399.47 million by 2032.
The Australian cross-laminated timber market experiences growth due to residential demand, as it is versatile and can accommodate diverse architectural styles and configurations
Utilizing cross-laminated timber in residential construction aids in lowering buildings' carbon footprint and advancing sustainability objectives. Its use enables the creation of unique and aesthetically pleasing residential layouts, driving the Australia cross-laminated timber market growth.
As a prefabricated material, CLT allows for the pre-cutting of elements such as doorways, windows, stairs, or ducts. Moreover, insulation and finishes can be applied before installation. This efficient process results in reduced costs and faster occupancy, making it a popular choice for commercial and public developments.
In September 2023, NeXTimber® by Timberlink began manufacturing Australian-made cross laminated timber (CLT) panels from certified plantation radiata pine. These panels offer a renewable and sustainable solution for various projects, either used independently or alongside traditional building materials.
Australia cross-laminated timber market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Element Type
Market Breakup by Raw Material Type
Market Breakup by Bonding Method
Market Breakup by Press Type
Market Breakup by Application
Market Breakup by Region
The Australia cross-laminated timber market key players are Forest and Wood Products Australia Ltd, XLam Australia Pty Ltd., Timberlink Australia Pty Ltd and Ledinek Engineering d.o.o. among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Element Type |
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| Breakup by Raw Material Type |
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| Breakup by Bonding Method |
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| Breakup by Press Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market was valued at USD 95.13 million in 2023.
The market is projected to grow at a CAGR of 17.1% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 399.47 million in 2032.
The market is categorised according to product type, which includes custom CLT and blank CLT.
The key players are Forest and Wood Products Australia Ltd, XLam Australia Pty Ltd., Timberlink Australia Pty Ltd and Ledinek Engineering d.o.o. among others.
Based on the bonding method, the market is divided into mechanically fastened and adhesively bonded.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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