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North America Cross Laminated Timber Market Size, Analysis: By Product Type: Custom CLT, Blank CLT; By Element Type: Wall Panels, Flooring Panels, Roofing Panels, Others; By Raw Material: Spruce, Pine, Fir, Others; By Storey Class; By Application; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
North America Cross Laminated Timber Market Outlook
The North America cross laminated timber market size attained a value of USD 447.98 million in 2023. The market is expected to grow at a CAGR of 29.6% between 2024 and 2032 to reach almost USD 4,605.63 million by 2032.
Key Takeaways:
- Governments implemented regulations and incentives to promote CLT use in construction, aiming for sustainability, green employment, and reducing environmental impact.
- Construction spending in the USA reached USD 1,978.7 billion, exceeding the USD 1,848.7 billion in 2022, according to the U.S. Census Bureau, thus boosting the cross laminated timber market in North America.
- According to Statistics Canada, a 5.7% increase in Canada's total dwelling count to 16.4 million units from 2016 to 2021 was observed, thereby driving up the demand for CLT.
Cross laminated timber (CLT) stands as a pioneering mass timber product that has gained widespread acceptance as an innovative engineered wood material, heralding a new era in construction. Recognised for its eco-friendliness compared to traditional materials like concrete and steel, CLT emerges as a cornerstone of sustainable building practices. Its capacity to bear substantial loads while ensuring superior structural integrity further underscores its appeal.
Moreover, its commendable acoustic properties make it a sought-after choice for flooring and wall systems, elevating interior comfort and tranquillity. Consequently, there is a growing demand for CLT in North America. Presently, this demand is pronounced in bridge, residential, and non-residential construction, driven by its durability and ability to withstand heavy loads.
The introduction of CLT into the US construction landscape coupled with prevailing urbanisation trends positions it as a highly viable solution for commercial and mixed-use buildings, especially in seismic zones. According to the U.S. Census Bureau, US construction spending is increasing thus boosting the North America cross laminated timber market growth.
UNITED STATES CONSTRUCTION STATISTICS, 2023, IN $ BILLION
Key Trends and Developments
The North America cross laminated timber market is growing with increasing focus on sustainable building materials, architectural creativity, fire resistance and government initiative.
| Date | Event |
| November 2023 | The U.S. Army Corps of Engineers mandated the evaluation of mass timber structural options during the design phase of all vertical construction projects. |
| September 2023 | The Thunder Bay CEDC initiated a groundbreaking study on integrating mass timber, particularly cross-laminated timber (CLT), into mining sector infrastructure. |
| May 2023 | The building of the largest industrial mass timber structure in North America, a 450,000-square-foot facility, began in Windsor, Connecticut. |
| April 2023 | Structurlam Mass Timber Corporation, a top mass timber producer in North America, has agreed to sell most of its assets to Mercer International Inc. for USD 60 million. |
| Trends | Impact |
| Sustainable building material | Cross-laminated timber, crafted from layers of timber planks bonded perpendicular, leads towards sustainability. Derived mainly from renewable wood sources, harvested, and managed with eco-responsibility, it safeguards forests and mitigates the carbon footprint linked to construction activities, epitomising environmentally conscious building practices. |
| Architectural creativity | The North America cross laminated timber market is experiencing growth due to architectural innovation and demand for design flexibility. Architects, engineers, and designers embrace sustainability, finding cross-laminated timber's structural strength and aesthetic appeal appealing. Its versatility enables imaginative designs, fuelling demand. |
| Fire resistance | CLT outperforms typical wood products ue to its distinctive composition. Its substantial cross-sectional thickness and tightly sealed construction grant it high fire resistance, limiting fire spread. Moreover, its thermal mass prevents conduction across panel sides. |
| Government initiatives | Governments have instituted regulations and incentives to promote CLT utilisation in construction, aiming to foster sustainable practices, generate green employment, and mitigate the building sector's environmental footprint. Such governmental backing is pivotal in expediting CLT adoption and fuelling market expansion. |
North America Cross Laminated Timber Market Trends
CLT panels demonstrate impressive load-bearing capacities akin to those of conventional construction materials. They possess structural strength, deformation resistance, and resilience against diverse external forces, including seismic activity, rendering CLT a dependable and durable option for mid-rise and high-rise construction projects.
CLT's prefabrication enables precise off-site manufacturing, leading to quicker and more effective construction processes. This adaptability is attractive to architects, developers, and construction experts in search of inventive and eco-friendly building methods.
Market Segmentation
North America Cross Laminated Timber Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Product Type | Custom CLT, Blank CLT |
| Element Type | Wall Panels, Flooring Panels, Roofing Panels, Others |
| Raw Material | Spruce, Pine, Fir, Others |
| Storey Class | Low-Rise Buildings (1-4 Storeys), Mid-Rise Buildings (5-10 Storeys), High-Rise Buildings (More than 10 Storeys) |
| Application | Structural, Non-structural |
| End Use | Residential, Public, Commercial |
| Country | United States, Canada |
Residential demand drives growth of North America cross laminated timber market, due to its versatility, accommodating various architectural styles and configurations
Employing cross-laminated timber in residential building aids in reducing buildings' carbon footprint and advancing sustainability goals. Its usage facilitates the creation of distinctive and visually appealing residential layouts.
CLT, being a prefabricated material, allows for the pre-cutting of elements such as openings for doors, windows, stairs, or ducts. Additionally, insulation and finishes can be applied before installation. This streamlined process leads to reduced expenses and quicker occupancy, making it a prevalent choice in commercial and public projects. This is boosting the North America cross laminated timber market development.
Based on type, the North America cross laminated timber market share is led by structural CLT primarily owing to its widespread application in building and construction projects
Structural CLT panels are employed in building frameworks and are produced according to the APA-PRG 320 standard in North America. Non-structural CLT panels serve as access mats, providing an alternative to bolted mats.
Wall panels are the primary element type in the North America cross laminated timber market, mainly because thy are widely utilised for both load-bearing and non-load-bearing purposes
Wall panels made from CLT provide outstanding durability and firmness, making them optimal for building both exterior and interior walls of structures.
Flooring panels and roofing panels crafted from CLT constitute a substantial portion of the market, valued for their robustness and stability, rendering them appropriate for heavy load-bearing functions in residential and commercial structures.
Custom CLT drives the North America cross laminated timber market growth due to tailored solutions and meeting specific project needs
Custom CLT's adaptability facilitates architects and builders to pursue intricate designs, ideal for projects with distinct structural or aesthetic demands.
Conversely, blank CLT serves a sizable market-seeking construction versatility. These undecorated panels allow on-site customisation, empowering builders, and designers to tailor them according to specific project requirements.
Competitive Landscape
Government initiatives, growing construction and architectural preferences are influencing the companies’ position in the market.
| Company | Year Founded | Headquarters | Products/Services |
| DRJ Wood Innovations | 1967 | Oregon, United States | Crafting Nordic structures, sustainable engineered wood products, glue-laminated beams, uses locally sourced materials |
| Nordic Structures | 2001 | Quebec, Canada | Engineered wood products for the construction sector, cross-laminated timber (CLT), technical assistance, product distribution, complete wood structures |
| Sterling Company LLC | 1916 | Wisconsin, United States | CLT manufacturer in the matting industry, CLT access mats, used in power transmission, distribution, oil, gas, chemical, and general construction |
| Mercer International Inc. | 1968 | Vancouver, Canada | Produces bleached softwood kraft pulp, tissues, hygiene products, premium printing and writing paper, production, and sale of renewable bioelectricity |
Other North America cross laminated timber market key players are KLH Massivholz GmbH, SmartLam, Binderholz GmbH, HASSLACHER Holding GmbH, and Bell Structural Solutions, among others.
North America Cross Laminated Timber Market Analysis by Region
As per the North America cross laminated timber market report, the United States leads the market due to rising demand for sustainable construction materials, favouring those with low carbon footprints like CLT over traditional choices such as concrete and steel. The growth is also fuelled by upscale residential projects with appealing interiors.
Canada is primed for substantial growth in this sector, driven by the need for adaptable and economical construction materials. Additionally, the uptick in building functional living spaces is driving market expansion. With housing production on the rise according to Statistics Canada, the demand for CLT is further increasing.
INVESTMENT BY HOUSING TYPE, CANADA, MILLION DOLLAR
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:
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| Breakup by Product Type |
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| Breakup by Element Type |
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| Breakup by Raw Material |
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| Breakup by Storey Class |
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| Breakup by Application |
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| Breakup by End Use |
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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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*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Cross Laminated Timber Market Overview
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 Country
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Cross Laminated Timber Market Overview
9.1 Key Industry Highlights
9.2 North America Cross Laminated Timber Historical Market (2018-2023)
9.3 North America Cross Laminated Timber Market Forecast (2024-2032)
10 North America Cross Laminated Timber Market by Product Type
10.1 Custom CLT
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Blank CLT
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Cross Laminated Timber Market by Element Type
11.1 Wall Panels
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Flooring Panels
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Roofing Panels
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 North America Cross Laminated Timber Market by Raw Material
12.1 Spruce
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Pine
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Fir
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 North America Cross Laminated Timber Market by Storey Class
13.1 Low-Rise Buildings (1-4 Storeys)
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mid-Rise Buildings (5-10 Storeys)
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 High-Rise Buildings (More than 10 Storeys)
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 North America Cross Laminated Timber Market by Application
14.1 Structural Applications
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Non-Structural Applications
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 North America Cross Laminated Timber Market by End Use
15.1 Residential
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Commercial
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Public
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
16 North America Cross Laminated Timber Market by Country
16.1 United States
16.1.1 Historical Trend (2018-2023)
16.1.2 Forecast Trend (2024-2032)
16.2 Canada
16.2.1 Historical Trend (2018-2023)
16.2.2 Forecast Trend (2024-2032)
17 Market Dynamics
17.1 SWOT Analysis
17.1.1 Strengths
17.1.2 Weaknesses
17.1.3 Opportunities
17.1.4 Threats
17.2 Porter’s Five Forces Analysis
17.2.1 Supplier’s Power
17.2.2 Buyers Power
17.2.3 Threat of New Entrants
17.2.4 Degree of Rivalry
17.2.5 Threat of Substitutes
17.3 Key Indicators for Demand
17.4 Key Indicators for Price
18 Value Chain Analysis
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 DRJ Wood Innovations
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Nordic Structures
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Sterling Solutions LLC
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Mercer International Inc.
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 KLH Massivholz GmbH
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 SmartLam
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Binderholz GmbH
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 HASSLACHER Holding GmbH
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Bell Structural Solutions
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cross Laminated Timber Market: Key Industry Highlights, 2018 and 2032
2. North America Cross Laminated Timber Market: Key Industry Highlights, 2018 and 2032
3. North America Cross Laminated Timber Historical Market: Breakup by Product Type (USD million), 2018-2023
4. North America Cross Laminated Timber Market Forecast: Breakup by Product Type (USD million), 2024-2032
5. North America Cross Laminated Timber Historical Market: Breakup by Element Type (USD million), 2018-2023
6. North America Cross Laminated Timber Market Forecast: Breakup by Element Type (USD million), 2024-2032
7. North America Cross Laminated Timber Historical Market: Breakup by Raw Material (USD million), 2018-2023
8. North America Cross Laminated Timber Market Forecast: Breakup by Raw Material (USD million), 2024-2032
9. North America Cross Laminated Timber Historical Market: Breakup by Storey Class (USD million), 2018-2023
10. North America Cross Laminated Timber Market Forecast: Breakup by Storey Class (USD million), 2024-2032
11. North America Cross Laminated Timber Historical Market: Breakup by Application (USD million), 2018-2023
12. North America Cross Laminated Timber Market Forecast: Breakup by Application (USD million), 2024-2032
13. North America Cross Laminated Timber Historical Market: Breakup by End Use (USD million), 2018-2023
14. North America Cross Laminated Timber Market Forecast: Breakup by End Use (USD million), 2024-2032
15. North America Cross Laminated Timber Historical Market: Breakup by Country (USD million), 2018-2023
16. North America Cross Laminated Timber Market Forecast: Breakup by Country (USD million), 2024-2032
17. North America Cross Laminated Timber Market Structure
Key Questions Answered in the Report
In 2023, the cross laminated timber market in North America attained a value of USD 447.98 million.
The market is projected to grow at a CAGR of 29.6% between 2024 and 2032.
By 2032, the market is estimated to reach a value of nearly USD 4,605.63 million.
The CLT market is enhanced by sustainable building materials, architectural creativity, fire resistance and government initiative.
Based on end use, CLT market is divided into residential, public, and commercial.
Key players in the market are DRJ Wood Innovations, Nordic Structures, Sterling Company LLC, Mercer International Inc., KLH Massivholz GmbH, SmartLam, Binderholz GmbH, HASSLACHER Holding GmbH, and Bell Structural Solutions, among others
Based on element type, CLT market is divided into wall panels, flooring panels, roofing panels and others.
The different product types in the CLM market include custom CLT and blank CLT.
The different storey classes in the market are low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys) and high-rise buildings (more than 10 storeys).
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