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Global Cross-Laminated Timber Market to Reach USD 5,432.72 Million by 2032

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Global Cross-Laminated Timber Market Size, Share, Report: By Application: Residential, Public, Commercial; By Product Type: Custom CLT, Blank CLT; By Element Type; By Raw Material Type; By Bonding Method; By Panel Layers; By Adhesive Type; By Press Type; By Storey Class; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Competitive Landscape

The report gives a detailed analysis of the following key players in the global cross-laminated timber market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds

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

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the cross-laminated timber market. They included manufacturers, distributors, end-users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.

Cross-Laminated Timber Market Report Snapshots

Cross-Laminated Timber Market Size

Cross-Laminated Timber Market Analysis

Cross-Laminated Timber Companies

*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.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Industry Opportunities and Challenges
8   Global Cross-Laminated Timber Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Cross-Laminated Timber Historical Market (2018-2023)
    8.3    Global Cross-Laminated Timber Market Forecast (2024-2032)
    8.4    Global Cross-Laminated Timber Market by Application
        8.4.1    Residential
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Public
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Commercial
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
8.5    Global Cross-Laminated Timber Market by Product Type
        8.5.1    Custom CLT
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Blank CLT
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
    8.6    Global Cross-Laminated Timber Market by Element Type
        8.6.1    Wall Panels
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Flooring Panels
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Roofing Panels
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Cross-Laminated Timber Market by Raw Material Type
        8.7.1    Spruce
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Pine
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
        8.7.3    Fir
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2023)
            8.7.3.3    Forecast Trend (2024-2032)
        8.7.4    Others
    8.8    Global Cross-Laminated Timber Market by Bonding Method
        8.8.1    Adhesively Bonded
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2023)
            8.8.1.3    Forecast Trend (2024-2032)
        8.8.2    Mechanically Fastened
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2023)
            8.8.2.3    Forecast Trend (2024-2032)
    8.9    Global Cross-Laminated Timber Market by Panel Layers
        8.9.1    3-Ply
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2023)
            8.9.1.3    Forecast Trend (2024-2032)
        8.9.2    5-Ply
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2023)
            8.9.2.3    Forecast Trend (2024-2032)
        8.9.3    7-Ply
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2023)
            8.9.3.3    Forecast Trend (2024-2032)
        8.9.4    Others
    8.10    Global Cross-Laminated Timber Market by Adhesive Type
        8.10.1    PUR (Polyurethane)
            8.10.1.1    Market Share
            8.10.1.2    Historical Trend (2018-2023)
            8.10.1.3    Forecast Trend (2024-2032)
        8.10.2    PRF (Phenol Resorcinol Formaldehyde)
            8.10.2.1    Market Share
            8.10.2.2    Historical Trend (2018-2023)
            8.10.2.3    Forecast Trend (2024-2032)
        8.10.3    MUF (Melamine-Urea-Formaldehyde)
            8.10.3.1    Market Share
            8.10.3.2    Historical Trend (2018-2023)
            8.10.3.3    Forecast Trend (2024-2032)
8.11    Global Cross-Laminated Timber Market by Press Type
        8.11.1    Hydraulic Press
            8.11.1.1    Market Share
            8.11.1.2    Historical Trend (2018-2023)
            8.11.1.3    Forecast Trend (2024-2032)
        8.11.2    Vacuum Press
            8.11.2.1    Market Share
            8.11.2.2    Historical Trend (2018-2023)
            8.11.2.3    Forecast Trend (2024-2032)
        8.11.3    Pneumatic Press
            8.11.3.1    Market Share
            8.11.3.2    Historical Trend (2018-2023)
            8.11.3.3    Forecast Trend (2024-2032)
        8.11.4    Others
    8.12    Global Cross-Laminated Timber Market by Storey Class
        8.12.1    Low-Rise Buildings (1-4 Storeys)
            8.12.1.1    Market Share
            8.12.1.2    Historical Trend (2018-2023)
            8.12.1.3    Forecast Trend (2024-2032)
        8.12.2    Mid-Rise Buildings (5-10 Storeys)
            8.12.2.1    Market Share
            8.12.2.2    Historical Trend (2018-2023)
            8.12.2.3    Forecast Trend (2024-2032)
        8.12.3    High-Rise Buildings (More than 10 Storeys)
            8.12.3.1    Market Share
            8.12.3.2    Historical Trend (2018-2023)
            8.12.3.3    Forecast Trend (2024-2032)
    8.13    Global Cross-Laminated Timber Market by End Use
        8.13.1    Structural Applications
            8.13.1.1    Market Share
            8.13.1.2    Historical Trend (2018-2023)
            8.13.1.3    Forecast Trend (2024-2032)
        8.13.2    Non-Structural Applications
            8.13.2.1    Market Share
            8.13.2.2    Historical Trend (2018-2023)
            8.13.2.3    Forecast Trend (2024-2032)
    8.14    Global Cross-Laminated Timber Market by Region
        8.14.1    Market Share
            8.14.1.1    North America
            8.14.1.2    Europe
            8.14.1.3    Japan
            8.14.1.4    Oceania
            8.14.1.5    Rest of the World
9   Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    Austria
            9.2.3.2    Germany
            9.2.3.3    Italy
            9.2.3.4    Switzerland
             9.2.3.5    Others

  9.3    Japan
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)

9.4    Oceania
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)

10   Market Dynamics
   10.1   SWOT Analysis
       10.1.1   Strengths
       10.1.2   Weaknesses
       10.1.3   Opportunities
       10.1.4   Threats
   10.2   Porter’s Five Forces Analysis
       10.2.1   Supplier’s Power
       10.2.2   Buyers Power
       10.2.3   Threat of New Entrants
       10.2.4   Degree of Rivalry
       10.2.5   Threat of Substitutes
   10.3   Key Indicators for Demand
   10.4   Key Indicators for Price
11   Value Chain Analysis
12   Price Analysis
13   Manufacturing Process
   13.1   Detailed Process Flow
   13.2   Operations Involved
   13.3   Mass Balance
14   Project Details, Requirements and Costs Involved
   14.1   Land, Location, and Site Development
   14.2   Construction
   14.3   Plant Machinery
   14.4   Cost of Raw Material
   14.5   Packaging
   14.6   Transportation
   14.7   Utilities
   14.8   Manpower
   14.9   Other Capital Investment
15   Project Economics
   15.1   Capital Cost of the Project
   15.2   Techno-Economic Parameters
   15.3   Manufacturing Cost Breakup
   15.4   Income Projections
   15.5   Expenditure Projections
   15.6   Taxation and Depreciation
   15.7   Financial Analysis
   15.8   Profit Analysis
16   Competitive Landscape
   16.1   Market Structure
   16.2   Key Players’ Market Share
   16.3   Company Profiles
       16.3.1   Stora Enso Group
           16.3.1.1   Company Overview
           16.3.1.2   Product Portfolio
           16.3.1.3   Demographic Reach and Achievements
           16.3.1.4   Certifications
       16.3.2   Binderholz GmbH
           16.3.2.1   Company Overview
           16.3.2.2   Product Portfolio
           16.3.2.3   Demographic Reach and Achievements
           16.3.2.4   Certifications
       16.3.3   Mayr Melnhof Holz Group
           16.3.3.1   Company Overview
           16.3.3.2   Product Portfolio
           16.3.3.3   Demographic Reach and Achievements
           16.3.3.4   Certifications
       16.3.4   Schilliger Holz AG
           16.3.4.1   Company Overview
           16.3.4.2   Product Portfolio
           16.3.4.3   Demographic Reach and Achievements
           16.3.4.4   Certifications
       16.3.5   KLH Massivholz GmbH
           16.3.5.1   Company Overview
           16.3.5.2   Product Portfolio
           16.3.5.3   Demographic Reach and Achievements
           16.3.5.4   Certifications
       16.3.6   HASSLACHER Holding GmbH
           16.3.6.1   Company Overview
           16.3.6.2   Product Portfolio
           16.3.6.3   Demographic Reach and Achievements
           16.3.6.4   Certifications
       16.3.7   Sterling Company
           16.3.7.1   Company Overview
           16.3.7.2   Product Portfolio
           16.3.7.3   Demographic Reach and Achievements
           16.3.7.4   Certifications
       16.3.8   Structurlam Mass Timber Corporation
           16.3.8.1   Company Overview
           16.3.8.2   Product Portfolio
           16.3.8.3   Demographic Reach and Achievements
           16.3.8.4   Certifications
       16.3.9   Nordic Structures
           16.3.9.1   Company Overview
           16.3.9.2   Product Portfolio
           16.3.9.3   Demographic Reach and Achievements
           16.3.9.4   Certifications
       16.3.10   Eugen Decker Holzindustrie KG
           16.3.10.1   Company Overview
           16.3.10.2   Product Portfolio
           16.3.10.3   Demographic Reach and Achievements
           16.3.10.4   Certifications
       16.3.11   Others
17   Industry Events and Developments

List of Key Figures and Tables

1.    Global Cross-Laminated Timber Market: Key Industry Highlights, 2017 and 2027
2.    Global Cross-Laminated Timber Historical Market: Breakup by Application (USD Million), 2018-2023
3.    Global Cross-Laminated Timber Market Forecast: Breakup by Application (USD Million), 2024-2032
4.    Global Cross-Laminated Timber Historical Market: Breakup by Product Type (USD Million), 2018-2023
5.    Global Cross-Laminated Timber Market Forecast: Breakup by Product Type (USD Million), 2024-2032
6.    Global Cross-Laminated Timber Historical Market: Breakup by Element Type (USD Million), 2018-2023
7.    Global Cross-Laminated Timber Market Forecast: Breakup by Element Type (USD Million), 2024-2032
8.    Global Cross-Laminated Timber Historical Market: Breakup by Raw Material Type (USD Million), 2018-2023
9.    Global Cross-Laminated Timber Market Forecast: Breakup by Raw Material Type (USD Million), 2024-2032
10.    Global Cross-Laminated Timber Historical Market: Breakup by Bonding Method (USD Million), 2018-2023
11.    Global Cross-Laminated Timber Market Forecast: Breakup by Bonding Method (USD Million), 2024-2032
12.    Global Cross-Laminated Timber Historical Market: Breakup by Panel Layers (USD Million), 2018-2023
13.    Global Cross-Laminated Timber Market Forecast: Breakup by Panel Layers (USD Million), 2024-2032
14.    Global Cross-Laminated Timber Historical Market: Breakup by Adhesive Type (USD Million), 2018-2023
15.    Global Cross-Laminated Timber Market Forecast: Breakup by Adhesive Type (USD Million), 2024-2032
16.    Global Cross-Laminated Timber Historical Market: Breakup by Press Type (USD Million), 2018-2023
17.    Global Cross-Laminated Timber Market Forecast: Breakup by Press Type (USD Million), 2024-2032
18.    Global Cross-Laminated Timber Historical Market: Breakup by Storey Class (USD Million), 2018-2023
19.    Global Cross-Laminated Timber Market Forecast: Breakup by Storey Class (USD Million), 2024-2032
20.    Global Cross-Laminated Timber Historical Market: Breakup by Region (USD Million), 2018-2023
21.    Global Cross-Laminated Timber Market Forecast: Breakup by Region (USD Million), 2024-2032
22.    Global Cross-Laminated Timber Historical Market: Breakup by Application Type (USD Million), 2018-2023
23.    Global Cross-Laminated Timber Market Forecast: Breakup by Application Type (USD Million), 2024-2032
24.    North America Cross-Laminated Timber Historical Market: Breakup by Country (USD Million), 2018-2023
25.    North America Cross-Laminated Timber Market Forecast: Breakup by Country (USD Million), 2024-2032
26.    Europe Cross-Laminated Timber Historical Market: Breakup by Country (USD Million), 2018-2023
27.    Europe Cross-Laminated Timber Market Forecast: Breakup by Country (USD Million), 2024-2032
28.    Japan Cross-Laminated Timber Historical Market: Breakup by Country (USD Million), 2018-2023
29.    Japan Cross-Laminated Timber Market Forecast: Breakup by Country (USD Million), 2024-2032
30.    Oceania Cross-Laminated Timber Historical Market: Breakup by Country (USD Million), 2018-2023
31. Oceania Cross-Laminated Timber Market Forecast: Breakup by Country (USD Million), 2024-2032
32.    Global Cross-Laminated Timber Market Structure

Key Questions Answered in the Report

What was the global cross-laminated timber market size in 2023?

In 2023, the global cross-laminated timber market attained a value of nearly USD 1,574.1 million.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 22.7% between 2023 and 2032.

What is the forecast outlook of the market for 2024-2032?

By 2028, the market is projected to reach USD 5,432.72 million.

What are the major market drivers?

The major market drivers include rising population, increasing construction activities, and the flexibility offered by cross-laminated timber.

What are the key trends of the market?

The rising awareness about the advantages of cross-laminated timber over other traditional construction materials and the growing focus to reduce construction time are the key trends fuelling the market growth.

What are the major regions of cross-laminated timber, according to the market report?

The major regions in the cross-laminated timber market are North America, Europe, Japan, and Oceania, among rest of the world.

What are the major applications of cross-laminated timber?

The major applications of cross-laminated timber are residential, public, and commercial.

What are the leading product types in the market?

The leading product types in the market are custom CLT and blank CLT.

What are the significant element types in the market?

The significant element types in the market are wall panels, flooring panels, and roofing panels.

What are the major raw material types of the product?

The major raw material types of the product include spruce, pine, and fir, among others.

What are the significant bonding methods of the product?

The significant bonding methods of the product are adhesively bonded and mechanically fastened.

What are the major panel layers of the product?

The major panel layers of the product are 3-Ply, 5-Ply, and 7-Ply, among others.

What are the several adhesive types considered in the market report?

The several adhesive types considered in the market report are PUR (Polyurethane), PRF (Phenol Resorcinol Formaldehyde), and MUF (Melamine-Urea-Formaldehyde).

What are the significant press types of the product?

The significant press types of the product include hydraulic press, vacuum press, and pneumatic press, among others.

What are the significant storey classes of the product?

The significant storey classes of the product are low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys), and high-rise buildings (more than 10 storeys).

What are the major end uses of the product?

The major end uses of the product include structural applications and non-structural applications.

Who are the key players in the market, according to the report?

The major players in the market are 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, and Eugen Decker Holzindustrie KG, among others.

Analyst Review

The global cross-laminated timber market attained a value of USD 1,574.1 million in 2023, driven by rising population and increasing per capita incomes. Aided by the rising awareness of the product benefits, the cross-laminated timber market is expected to witness a further growth in the forecast period of 2024-2032 at a CAGR of 22.7% to attain a value of USD 5,432.72 million by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the cross-laminated timber market can be segmented into residential, public, commercial. On the basis of product types, the industry is divided into custom CLT and blank CLT. Based on element types, the industry is divided into wall panels, flooring panels, roofing panels, and others. On the basis of raw material types, the industry is segregated into spruce, pine, fir, and others. Based on bonding methods, the industry is bifurcated into adhesively bonded and mechanically fastened. On the basis of panel layers, the industry is divided into 3-Ply, 5-Ply, 7-Ply, and others. Based on adhesive types, the industry is segmented into PUR (Polyurethane), PRF (Phenol Resorcinol Formaldehyde), and MUF (Melamine-Urea-Formaldehyde). Based on press types, the industry is categorised into hydraulic press, vacuum press, pneumatic press, and others. Based on storey classes, the industry is divided into low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys), and high-rise buildings (more than 10 storeys). Based on end-uses, the industry is segmented into structural applications and non-structural applications. The major regional markets for cross-laminated timber are North America, Europe, Japan, Oceania, and the Rest of the World. The key players in the above market include 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, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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