PUBLISHER: Grand View Research | PRODUCT CODE: 1376205
PUBLISHER: Grand View Research | PRODUCT CODE: 1376205
The Europe timber construction connectors market size is anticipated to reach USD 951.6 million by 2030, according to a new report by Grand View Research, Inc.. The market is projected to grow at a CAGR of 13.6% from 2023 to 2030. The growth is attributed to the growing demand for sustainable and green construction, which is expected to fuel the demand for timber construction, and thereby, is likely to influence the demand for timber construction connectors. The growing energy crisis worldwide has stimulated the need for sustainable construction activities in Europe. The concept of green building is gaining popularity considering the potentially reduced environmental impacts and significant energy conservation.
Currently, the carbon emissions and energy concerns in the building sector are attracting attention on a global level. This is where wood-based building materials come into play. Wood is capable of reducing carbon emissions through carbon storage. This is promoting the growth of the wood construction market, thereby positively impacting the growth of these connectors in the region.
The growing construction industry in Europe, owing to the increasing demand for residential and commercial units is further expected to propel the market growth. The widespread acceptance of mass & cross-laminated timber, wood panels, and other wood-based goods in construction projects is boosting demand for specialist connectors.
Rising demand for residential constructions using mass timber in Europe is expected to create market opportunities for the use of wood connectors. For instance, in the Netherlands over 32 municipalities and 80 companies signed a Timber Construction Covenant. This agreement suggests using wood as the primary structural material for at least 20% of residential buildings by 2025.
Fasteners used with wood connectors are manufactured using metals such as bronze, cast iron, stainless steel, nickel & aluminum superalloys, and titanium. Using high-quality connectors and wood fastening is essential in ensuring that the construction project complies with building codes and regulations. In addition, durable connectors, such as rings, plates, and rods, which can firmly hold massive wooden beams and panels have been introduced owing to improvements in the manufacturing process of fastening components.
Several bonding materials such as adhesives, sealants, and fasteners have been introduced that can potentially replace timber connectors. These connectors are attached to timber products with the help of fasteners, though these fasteners can be individually used for wood bonding operations. This is expected to create a potential substitute and hamper the demand for these connectors.