Reports
Global Laminated Timber Market: By Type: Cross Laminated Timber (CLT), Glue Laminated Timber (Glulam), Nail Laminated Timber (NLT), Others; By End Use: Residential, Institutional, Commercial; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Laminated Timber Market Outlook
The global laminated timber market is supported by the global cross laminated timber industry, which attained a value of about USD 780 million in 2020. The market is further expected to grow in the forecast period of 2023-2028, supported by the global cross laminated timber industry at a CAGR of 13%.
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The Use of Laminated Timber as a Substitute for Steel and Concrete to Boost the Market Growth
The excellent properties of laminated timber, such as thermal insulation and acoustic applications, enable its usage in the ceiling tile industry, one of the rapidly flourishing and evolving markets. Engineered wood products such as cross laminated timber function as an eco-friendly substitute for fossil-based materials such as steel and concrete in the construction industry. Therefore, they are increasingly used in the construction of high-rise buildings, pavilions, parking structures, and bridges, among others; trends such as this are majorly boosting the market for laminated timber. It provides resilience in seismic-prone areas and is also effective for fire safety; this can contribute to the growth of the market in countries such as Japan and New Zealand.
Moreover, governments across the globe are emphasising on the use of biodegradable and recyclable products owing to the increasing awareness about the rapid climate change. They are hence promoting the use of laminated timber, which is produced from renewable resources, further propelling the market growth. A new international Congress was created in 2017 to bring together international actors in economic and technological development in the field of wood construction, therefore exhibiting the benefits of laminated timber as a construction material and hence promoting the market growth. Various initiatives such as Wood First in Europe and Wood Works in Canada also aim to increase the use of wood-based materials, further aiding the market growth.
Laminated Timber: Market Segmentation
Laminated timber is a structural wood product that is made from strips of wood bonded with an adhesive. It has high strength and dimensional stability and is used for load-bearing structures in horizontal as well as vertical directions, such as load-bearing bridge construction.
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The major types of laminated timber are:
- Cross Laminated Timber (CLT)
- Glue Laminated Timber (Glulam)
- Nail Laminated Timber (NLT)
- Others
The market can be broadly categorised on the basis of end use into:
- Residential
- Institutional
- Commercial
The EMR report looks into the regional markets of laminated timber like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Surging Use of Wood in the Construction Industry to Bolster the Market Growth
The rise of the global population has led to rapid urbanisation and increasing developments of infrastructure across the globe. This has resulted in the thriving construction industry, which is also driving the market growth for laminated timber. It also provides high thermal insulation properties, ease of use, durability, and flexibility and is cost-effective, which further propels the market growth. Moreover, it is widely used in interior design for providing not only superior quality but also aesthetic design. The construction using laminated timber can decrease carbon footprints in the building sector. The rising demand for high-quality and sustainable furniture also provides impetus to the market. The increasing number of green buildings and the rising focus on sustainability are also leading the market growth.
The rising investments in the research and development of laminated timber and its increasing applications in various industries are positively impacting the market growth. Increasing demand for laminated timber, especially in North America and Europe due to the rising awareness and technological advancement, is also driving the market. The recent report by the Food and Agricultural Organisation of the United States (FAO) also promotes the use of wood as a construction material, therefore contributing to the development of the bioeconomy, providing further impetus to the market growth.
Key Industry Players in the Global Laminated Timber Market
The report presents a detailed analysis of the following key players in the global laminated timber market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Binderholz GmbH
- Mayr Melnhof Holz Group
- Schilliger Holz AG
- Calvert Co., Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region |
| Breakup by Type | Cross Laminated Timber (CLT), Glue Laminated Timber (Glulam), Nail Laminated Timber (NLT), Others |
| Breakup by End Use | Residential, Institutional, Commercial |
| Breakup by Regions | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Binderholz GmbH, Mayr Melnhof Holz Group, Schilliger Holz AG, Calvert Co., Inc., 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 Opportunities and Challenges in the Market
8 Global Laminated Timber Market Analysis
8.1 Key Industry Highlights
8.2 Global Laminated Timber Historical Market (2018-2022)
8.3 Global Laminated Timber Market Forecast (2023-2028)
8.4 Global Laminated Timber Market by Type
8.4.1 Cross Laminated Timber (CLT)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Glue Laminated Timber (Glulam)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Nail Laminated Timber (NLT)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Laminated Timber Market by End Use
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Institutional
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Commercial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Laminated Timber Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Laminated Timber Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Laminated Timber Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Spain
10.5.1 Market Share
10.5.2 Historical Trend (2018-2022)
10.5.3 Forecast Trend (2023-2028)
10.6 Others
11 Asia Pacific Laminated Timber Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Ace Hardware Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Century Furniture LLC
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Forever Patio
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Haworth, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Nilkamal Furniture
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Laminated Timber Market: Key Industry Highlights, 2018 and 2028
2. Global Laminated Timber Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Laminated Timber Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Laminated Timber Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Laminated Timber Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Laminated Timber Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Laminated Timber Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. MEA Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2022
17. MEA Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Laminated Timber Market Structure
Key Questions Answered in the Report
The global laminated timber market is being supported by the global cross laminated timber industry, which attained a value of about USD 780 million in 2020.
The market is projected to grow significantly, supported by cross laminated timber industry, which is expected to grow at a CAGR of 13% between 2021 and 2026.
The market is being driven by the increasing emphasis on sustainable development and the usage of laminated timber as a substitute for steel and concrete.
The market is aided by the growing use of wood in the construction and infrastructure industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of laminated timber in the industry are cross laminated timber (CLT), glue laminated timber (Glulam), and nail laminated timber (NLT), among others.
The significant end uses in the market are residential, institutional, and commercial.
The major players in the industry are Binderholz GmbH, Mayr Melnhof Holz Group, Schilliger Holz AG, and Calvert Co., Inc., among others.
Analyst Review
The global laminated timber market is supported by the cross laminated timber industry, which attained a value of about USD 780 million in 2020, driven by the increasing environmental consciousness and promotion of sustainable development by various governments. Aided by the increasing use in construction industry, the market is expected to witness a further growth in the forecast period of 2023-2028, supported by the growth of cross laminated timber industry, which is expected to grow at a CAGR of 13%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the laminated timber industry can be segmented into cross laminated timber (CLT), glue laminated timber (Glulam), and nail laminated timber (NLT), among others. On the basis of end use, the industry is divided into residential, institutional, and commercial. The major regional markets for laminated timber are North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The key players in the above market include Binderholz GmbH, Mayr Melnhof Holz Group, Schilliger Holz AG, and Calvert Co., Inc., among 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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