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Cross Laminated Timber Market

Global Cross-Laminated Timber Market Size, Research, 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

Global Cross-Laminated Timber Market Outlook

The global cross-laminated timber market attained a value of USD 1,574.1 million in 2023. The market is expected to further grow at a CAGR of 22.7% in the forecast period of 2024-2032 to reach USD 5,432.72 million by 2032.      

 

Cross-Laminated Timber Market

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The cross-laminated timber market is currently being driven by the increasing construction activities and the rising demand coming from the education sector and residential and non-residential applications which are putting a pressure on the supplies of traditional materials and prompting developers to look for speedier alternatives like CLT. This report by Expert Market Research entitled “Cross-Laminated Timber Market Report and Forecast 2024-2032” provides a comprehensive analysis for anyone who plans to foray into the cross laminated timber market.

 

Properties and Applications

Cross laminated timber (CLT) is engineered wood used as building material and designed to complement the light- and heavy-timber framing options. Owing to its dimensional stability and high strength, it can be used as an alternative to steel, concrete and masonry in many building types. It is more economical, environment friendly as it emits less greenhouse gas, it is easy and fast to install as it is prefabricated and provides flexibility in design as it is light weight and strong.

 

Cross-Laminated Timber Market by Segments

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On the basis of application, the cross-laminated timber market is divided into:

  • Residential
  • Public
  • Commercial

Based on product type, the industry is segmented into:

  • Custom
  • Blank

On the basis of element type, the industry is divided into wall panels, flooring panels, and roofing slabs, among 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

Based on panel layers, the market is segmented into:

  • 3-Ply
  • 5-Ply
  • 7-Ply
  • Others

On the basis of adhesive type, the industry is categorised into:

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

Based on press type, the industry is divided into hydraulic press, vacuum press, pneumatic press, and others. On the basis of storey class, the industry is categorised into low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys), and high-rise buildings (more than 10 storeys). On the basis of end-uses, the industry is segmented into structural applications and non-structural applications.

The regional markets for the product include North America, Europe, Japan, Oceania, and the Rest of the World.

 

Cross-Laminated Timber Market by Region

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Market Analysis

Historical market trends for the cross-laminated timber market have been provided from 2018-2023 and forecasts have been presented till 2026. On a regional level, Europe currently represents the largest market mainly due to green building movements, changes in building codes, consistent marketing efforts and the development of distribution channels.  Additionally, the report has analysed the market trends, top manufacturers and market forecast of European countries such as Austria, Germany, Italy, Spain, Switzerland, etc. and USA and Canada in North America.

The value chain analysis of cross-laminated timber has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution.  Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation on the competitive landscape of the cross-laminated timber market has also been provided. 

This report provides an exhaustive insight for setting-up and running a cross laminated timber manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.

 

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.

 

Key Highlights of the Report

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:

  • Application
  • Product Type
  • Element Type
  • Raw Material Type
  • Bonding Method
  • Panel Layers
  • Adhesive Type
  • Press Type
  • Storey Class
  • End Use
  • Region
Breakup by Application
  • Residential
  • Public
  • Commercial
Breakup by Product Type
  • Custom CLT
  • Blank CLT
Breakup by Element Type
  • Wall Panels
  • Flooring Panels
  • Roofing Panels
  • Others
Breakup by Raw Material Type
  • Spruce
  • Pine
  • Fir
  • Others
Breakup by Bonding Method
  • Adhesively Bonded
  • Mechanically Fastened
Breakup by Panel Layers
  • 3-Ply
  • 5-Ply
  • 7-Ply
  • Others
Breakup by Adhesive Type
  • PUR (Polyurethane)
  • PRF (Phenol Resorcinol Formaldehyde)
  • MUF (Melamine-Urea-Formaldehyde), Others
Breakup by Press Type
  • Hydraulic Press
  • Vacuum Press
  • Pneumatic Press
  • Others
Breakup by Storey Class
  • Low-Rise Buildings (1-4 Storeys)
  • Mid-Rise Buildings (5-10 Storeys)
  • High-Rise Buildings (More than 10 Storeys)
Breakup by End Use
  • Structural Applications
  • Non-Structural Applications
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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.

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

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

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).

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

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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