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Laminated Timber Market

Global Laminated Timber Market Size, Share, Trends, Growth: By Type: Cross Laminated Timber (CLT), Glue Laminated Timber (Glulam), Nail Laminated Timber (NLT), Others; By End Use: Residential, Institutional, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

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 1125.46 million in 2023. The market is further expected to grow in the forecast period of 2024-2032, supported by the global cross laminated timber industry at a CAGR of 13%.

 

Laminated Timber Market

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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.

 

Laminated Timber Market By Segments

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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.

 

Laminated Timber Market By Region

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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:

  • Ace Hardware Corporation
  • Century Furniture LLC
  • Forever Patio
  • Haworth, Inc.
  • Nilkamal Furniture
  • 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.

 

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:

  • 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
    • 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
  • Ace Hardware Corporation
  • Century Furniture LLC
  • Forever Patio
  • Haworth, Inc.
  • Nilkamal Furniture
  • 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 (2018-2023) 
    8.3    Global Laminated Timber Market Forecast (2024-2032)
    8.4    Global Laminated Timber Market by Type
        8.4.1    Cross Laminated Timber (CLT)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Glue Laminated Timber (Glulam)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Nail Laminated Timber (NLT)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Laminated Timber Market by End Use
        8.5.1    Residential    
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Institutional
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Commercial
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)    
    8.6    Global Laminated Timber Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Laminated Timber Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Laminated Timber Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Spain
        10.5.1    Historical Trend (2018-2023) 
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    Asia Pacific Laminated Timber Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    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 2032
2.    Global Laminated Timber Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Laminated Timber Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Laminated Timber Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Laminated Timber Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Laminated Timber Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Laminated Timber Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    MEA Laminated Timber Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    MEA Laminated Timber Market Forecast: Breakup by Country (USD Billion), 2024-2032

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 1125.46 million in 2023.

The market is projected to grow significantly, supported by cross laminated timber industry, which is expected to grow at a CAGR of 13% between 2024 and 2032.

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 key trends guiding the market include rapid urbanisation, increasing infrastructure development, rising awareness regarding the benefits of laminated timber, and surging investments in R&D activities of laminated timber.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of laminated timber in the market 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 key players in the laminated timber market include Ace Hardware Corporation, Century Furniture LLC, Forever Patio, Haworth, Inc., and Nilkamal Furniture, among others.

Analyst Review

The global laminated timber market is supported by the cross laminated timber industry, which attained a value of about USD 1125.46 million in 2023, 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 2024-2032, 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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