Cross Laminated Timber Global Market Report 2024

Description

Cross Laminated Timber Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cross laminated timber market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for cross laminated timber? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cross laminated timber market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Adhesive Bonded; Mechanically Fastened
2) By Application: Residential; Institutional; Commercial; Other Applications
3) By End User: Structural; Non-Structural
Companies Mentioned: Maye-Melnhof Holz Holding AG; Stora Enso Oyj; Binderholz GmbH; Eugen Decker Holzindustrie KG; Schilliger Holz AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Cross-laminated timber is an engineered wood material comprising layers of kiln-dried dimension lumber arranged at sharp angles to each other and bonded together to create structural panels. It finds applications in both load-bearing and non-load-bearing structures, including walls, floors, and roofs. The panel gains structural strength in multiple directions due to the bonding at different angles.

The main types of cross-laminated timber are adhesive bonded and mechanically fastened. Adhesive bonding involves joining two surfaces together, typically forming a smooth bond. Various applications include residential, institutional, commercial, and other uses, catering to different end-users in both structural and non-structural contexts.

The cross laminated timber market research report is one of a series of new reports from The Business Research Company that provides cross laminated timber market statistics, including cross-laminated timber industry global market size, regional shares, competitors with a cross laminated timber market share, detailed cross laminated timber market segments, market trends and opportunities, and any further data you may need to thrive in the cross-laminated timber industry. This cross laminated timber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cross laminated timber market size has grown rapidly in recent years. It will grow from $1.34 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 19.9%. The growth observed in the historical period can be attributed to the adoption of sustainable construction practices, the pursuit of green building certifications, the implementation of cost-effective construction solutions, increased awareness of climate change, the emphasis on architectural flexibility and design freedom, and the impact of urbanization and population growth.

The cross laminated timber market size is expected to see rapid growth in the next few years. It will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 18.5%. The projected growth in the forecast period can be attributed to regulatory support for timber construction, a heightened focus on carbon-neutral construction practices, the increasing demand for energy-efficient buildings, the emphasis on resilience in seismic zones, the adoption of timber in affordable housing projects, and consumer preference for natural materials. Major trends expected in this period include a strong emphasis on sustainability and environmental benefits, advancements in Cross-Laminated Timber (CLT) manufacturing, increased integration with Building Information Modeling (BIM), the use of timber in hybrid construction systems, ongoing development of codes and standards, education and training initiatives, and the availability of financial incentives and support.

The anticipated rise in construction activities is poised to be a driving force behind the growth of the cross-laminated timber market. Timber, a crucial material in various construction components, experiences heightened demand as construction involves doors, windows, cabinets, and more. In September 2021, the global construction market exhibited substantial growth, expanding from $4.5 trillion to $15.2 trillion. Notably, countries like China, India, the United States, and Indonesia contributed significantly, accounting for 58% of the projected growth. With a predicted annual growth rate of 3.6%, surpassing that of services or manufacturing sectors, and a 5.1% annual growth in global infrastructure construction, the surge in construction activities is expected to propel the cross-laminated timber market.

The surge in infrastructure investment is set to further propel the cross-laminated timber market's growth. Cross-laminated timber, known for its durability and versatility, is increasingly favored in infrastructure projects for its ability to reduce air infiltration and enhance building thermal efficiency. Notably, in June 2022, the U.S. federal government allocated significant funds, spending $36.6 billion primarily on infrastructure and providing $94.5 billion to provinces. This substantial investment in infrastructure development positions cross-laminated timber as a preferred material, driving growth in the market.

A key trend gaining momentum in the cross-laminated timber market is product innovation. Leading companies are investing in advanced technologies, exemplified by innovations such as Woodbe's self-locking frame system. Woodbe, a Sweden-based company in the cross-laminated timber sector, creatively repurposed its existing self-locking frame system, introducing innovative methods for constructing efficiently with cross-laminated timber. This innovation not only enhances precision and reduces the risk of errors on construction sites but also contributes to a more sustainable and eco-friendly construction industry.

Strategic partnerships are becoming integral to the cross-laminated timber market, with major companies opting for collaborations to enhance local supply chains. Setra Group AB, a UK-based manufacturing and distributing company, announced a partnership with Vasakronan AB in January 2023. This collaboration aims to deliver locally made cross-laminated wood and glulam for Uppsala's Lumi district project. The initiative includes the use of cross-laminated wood beams for additional floors, innovative footbridges connecting buildings, and glulam for the atrium's roof structure. Such partnerships leverage each company's strengths, fostering mutual benefits and contributing to the growth of the cross-laminated timber market.

In a significant acquisition, Mayr-Melnhof Holz, an Austria-based timber and laminated timber processing company, acquired Bergkvist Siljan in February 2022. This strategic move is expected to boost Mayr-Melnhof Holz's lumber production capacity by approximately 50%, exceeding 2.7 million cubic meters of sawn timber per year. Bergkvist Siljan, a Sweden-based company in the cross-laminated timber market, adds substantial value to Mayr-Melnhof Holz's expansion plans and market presence.

Major companies operating in the cross laminated timber market report are Maye-Melnhof Holz Holding AG, Stora Enso Oyj, Binderholz GmbH, Eugen Decker Holzindustrie KG, Schilliger Holz AG, KLH Massivholz GmbH, Structurlam Mass Timber Corporation, XLam Limited, Sterling Lumber, B & K Structures Ltd., Smartlam NA, HASSLACHER Gruppe, Ante group, Decker holding GmbH, Meiken Lamwood Corporation, PFS Corporation, Blackwell Structural Engineers, Boise Cascade Company, Building Systems Design Inc., Canadian Timberframes Ltd., Nordic Structures, Oregon Canadian Forest Products, DRJ Wood Innovations, Eco Building Systems, TimberLab Solutions, Eurban Ltd., Freres Lumber Co. Inc., Zublin Timber GmbH, Holz100, Lignotrend Produktions GmbH, and Massiv Lustenau GmbH.

Europe was the largest region in the cross laminated timber market in 2023. Asia-Pacific is expected to be the fastest-growing region in the cross-laminated timber market report forecast period. The regions covered in the cross laminated timber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cross laminated timber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cross laminated timber market consists of sales of laminations, adhesives, lamination joints, sawn, glued, and layered wood. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12595

1. Executive Summary

2. Cross Laminated Timber Market Characteristics

3. Cross Laminated Timber Market Trends And Strategies

4. Cross Laminated Timber Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Cross Laminated Timber Market Size and Growth

5.1. Global Cross Laminated Timber Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cross Laminated Timber Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cross Laminated Timber Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cross Laminated Timber Market Segmentation

6.1. Global Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Adhesive Bonded
Mechanically Fastened
6.2. Global Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Institutional
Commercial
Other Applications
6.3. Global Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Structural
Non-Structural

7. Cross Laminated Timber Market Regional And Country Analysis

7.1. Global Cross Laminated Timber Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cross Laminated Timber Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cross Laminated Timber Market

8.1. Asia-Pacific Cross Laminated Timber Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cross Laminated Timber Market

9.1. China Cross Laminated Timber Market Overview
9.2. China Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cross Laminated Timber Market

10.1. India Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cross Laminated Timber Market

11.1. Japan Cross Laminated Timber Market Overview
11.2. Japan Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cross Laminated Timber Market

12.1. Australia Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cross Laminated Timber Market

13.1. Indonesia Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cross Laminated Timber Market

14.1. South Korea Cross Laminated Timber Market Overview
14.2. South Korea Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cross Laminated Timber Market

15.1. Western Europe Cross Laminated Timber Market Overview
15.2. Western Europe Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cross Laminated Timber Market

16.1. UK Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cross Laminated Timber Market

17.1. Germany Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cross Laminated Timber Market

18.1. France Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cross Laminated Timber Market

19.1. Italy Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cross Laminated Timber Market

20.1. Spain Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cross Laminated Timber Market

21.1. Eastern Europe Cross Laminated Timber Market Overview
21.2. Eastern Europe Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cross Laminated Timber Market

22.1. Russia Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cross Laminated Timber Market

23.1. North America Cross Laminated Timber Market Overview
23.2. North America Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cross Laminated Timber Market

24.1. USA Cross Laminated Timber Market Overview
24.2. USA Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cross Laminated Timber Market

25.1. Canada Cross Laminated Timber Market Overview
25.2. Canada Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cross Laminated Timber Market

26.1. South America Cross Laminated Timber Market Overview
26.2. South America Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cross Laminated Timber Market

27.1. Brazil Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cross Laminated Timber Market

28.1. Middle East Cross Laminated Timber Market Overview
28.2. Middle East Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cross Laminated Timber Market

29.1. Africa Cross Laminated Timber Market Overview
29.2. Africa Cross Laminated Timber Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cross Laminated Timber Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cross Laminated Timber Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cross Laminated Timber Market Competitive Landscape And Company Profiles

30.1. Cross Laminated Timber Market Competitive Landscape
30.2. Cross Laminated Timber Market Company Profiles
- 30.2.1. Maye-Melnhof Holz Holding AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Stora Enso Oyj
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Binderholz GmbH
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Eugen Decker Holzindustrie KG
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Schilliger Holz AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Cross Laminated Timber Market Competitive Benchmarking

32. Global Cross Laminated Timber Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cross Laminated Timber Market

34. Cross Laminated Timber Market Future Outlook and Potential Analysis

34.1 Cross Laminated Timber Market In 2028 - Countries Offering Most New Opportunities
34.2 Cross Laminated Timber Market In 2028 - Segments Offering Most New Opportunities
34.3 Cross Laminated Timber Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer