Cross Laminated Timber Market Size, Share, Trends & Forecast to 2028

Global Cross Laminated Timber Market Size, Share, Trends, Industry Growth by Product (Adhesive Bonded CLT, Mechanically Fastened CLT), by Application (Residential, Institutional, Commercial, Others), by Region, and Forecast to 2028

Price: 3795/- USD | Published Date: April 21, 2022 |

The global cross-laminated timber market size is expected to register a significant CAGR of over 13% during the forecast period and estimated to reach around USD 3 billion by 2028. The increasing adoption of the product in the residential sector due to its flexible designs and stylish architecture is one of the key factor to drive the market growth. Furthermore, the increasing investment in construction in developing economies and the increasing activities of home renovation and remolding is further anticipated to boost the market growth over the forecast period. Moreover, the increasing adoption of cross-laminated timber in the commercial sector and the growing adoption of green buildings are projected to propel market growth.

Market Insights:

The global cross laminated timber market is bifurcated into product, application, and geography. On the basis of product, the market is further segmented into adhesive-bonded CLT and mechanically fastened CLT. The adhesively bonded CLT segment dominated the global market in 2021 and is expected to maintain its dominance over the forecast period. The high strength of the product is one of the prominent factor to increase the product demand in various end-use applications such as residential, commercial, and others, which is driving the segment growth. Furthermore, the low manufacturing cost as compared to mechanically fastened CLT is further expected to fuel the segment growth over the forecast period.

On the basis of application, the market is segmented into residential, institutional, commercial, and others. the residential segment dominated the global cross-laminated timber market in 2021 and expected to hold the largest revenue share of around half of the market by the end of the analysis period. The increasing inclination toward eco-friendly construction materials is a primary factor driving the segment growth. Furthermore, the high strength and recyclability of materials are further expected to increase the product demand in the residential sector. Moreover, the increasing investment by government across various economies and the growing adoption of eco-friendly material is projected to propel the segment over the forecast period.

Cross Laminated Timber Market Size & Forecast

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The cross laminated timber comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The cross laminated timber market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

2019-20 – Historical Year
2021 – Base Year
2022-2028 – Forecast Period

Global Cross Laminated Timber Market Segmentation:

Cross Laminated Timber Market Segmentation by Product:

Adhesive Bonded CLT
Mechanically Fastened CLT

Cross Laminated Timber Market Segmentation by Application:

Residential
Institutional
Commercial
Others

Cross Laminated Timber Market Segmentation by Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Cross-Laminated Timber Market: Geographic Coverage

Geographically, Europe dominated the global cross-laminated timber market in 2021 and expected to hold the largest revenue share of around 60% of the market by the end of the analysis period. The increasing adoption of the product in various economies such as France, Germany, UK, and Italy coupled with the growing construction activities is a major factor to drive the market growth in the region. Furthermore, the increasing adoption of green buildings and the growing use of wooden products in the construction sector is further anticipated to fuel the market growth in Europe. Moreover, the increasing investment by the government and the increasing number of home building projects are projected to propel the market growth over the forecast period.

Cross Laminated Timber Market: Competitive Assessment

Some of the major market players operating in the global cross laminated timber market are Binderholz GmbH, Stora Enso Oyj, Pfeifer Group, Mayr-MelnhofHolz Holding AG, and HASSLACHER Holding GmbH. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

Binderholz GmbH
Stora Enso Oyj
Pfeifer Group
Mayr-MelnhofHolz Holding AG
HASSLACHER Holding GmbH
XLam
Sterling Company
SchilligerHolz AG
KLH Massivholz GmbH
B&K Structures

Key Questions Answered by Cross Laminated Timber Market Report

Global cross laminated timber market forecasts from 2022-2028
Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
Cross laminated timber submarket forecasts from 2022-2028 covering the market by product, by application, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about the market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level cross laminated timber markets from 2022-2028
Competitive Landscape and market positioning of top 10 players operating in the market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Cross Laminated Timber Market Portraiture
2.2. Global Cross Laminated Timber Market, by Product, 2021 (USD Mn)
2.3. Global Cross Laminated Timber Market, by Application, 2021 (USD Mn)
2.4. Global Cross Laminated Timber Market, by Geography, 2021 (USD Mn)

3. Global Cross Laminated Timber Market Analysis

3.1. Cross Laminated Timber Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

4. Global Cross Laminated Timber Market By Product, 2019 – 2028 (USD Mn)

4.1. Overview
4.2. Adhesive Bonded CLT
4.3. Mechanically Fastened CLT

5. Global Cross Laminated Timber Market By Application, 2019 – 2028 (USD Mn)

5.1. Overview
5.2. Residential
5.3. Institutional
5.4. Commercial
5.5. Others

6. North America Cross Laminated Timber Market Analysis and Forecast, 2019 – 2028 (USD Mn)

6.1. Overview
6.2. North America Cross Laminated Timber Market by Product (2019-2028 USD Mn)
6.3. North America Cross Laminated Timber Market by Application (2019-2028 USD Mn)
6.4. North America Cross Laminated Timber Market by Country (2019-2028 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Cross Laminated Timber Market by Product (2019-2028 USD Mn)
6.4.1.2. U.S. Cross Laminated Timber Market by Application (2019-2028 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Cross Laminated Timber Market by Product (2019-2028 USD Mn)
6.4.2.2. Canada Cross Laminated Timber Market by Application (2019-2028 USD Mn)

7. Europe Cross Laminated Timber Market Analysis and Forecast, 2019 – 2028 (USD Mn)

7.1. Overview
7.2. Europe Cross Laminated Timber Market by Product (2019-2028 USD Mn)
7.3. Europe Cross Laminated Timber Market by Application (2019-2028 USD Mn)
7.4. Europe Cross Laminated Timber Market by Country (2019-2028 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Cross Laminated Timber Market by Product (2019-2028 USD Mn)
7.4.1.2. Germany Cross Laminated Timber Market by Application (2019-2028 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Cross Laminated Timber Market by Product (2019-2028 USD Mn)
7.4.2.2. U.K. Cross Laminated Timber Market by Application (2019-2028 USD Mn)
7.4.3. France
7.4.3.1. France Cross Laminated Timber Market by Product (2019-2028 USD Mn)
7.4.3.2. France Cross Laminated Timber Market by Application (2019-2028 USD Mn)
7.4.4. Italy
7.4.4.1. Italy Cross Laminated Timber Market by Product (2019-2028 USD Mn)
7.4.4.2. Italy Cross Laminated Timber Market by Application (2019-2028 USD Mn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe Cross Laminated Timber Market by Product (2019-2028 USD Mn)
7.4.5.2. Rest of Europe Cross Laminated Timber Market by Application (2019-2028 USD Mn)

8. Asia Pacific Cross Laminated Timber Market Analysis and Forecast, 2019 – 2028 (USD Mn)

8.1. Overview
8.2. Asia Pacific Cross Laminated Timber Market by Product (2019-2028 USD Mn)
8.3. Asia Pacific Cross Laminated Timber Market by Application (2019-2028 USD Mn)
8.4. Asia Pacific Cross Laminated Timber Market by Country (2019-2028 USD Mn)
8.4.1. China
8.4.1.1. China Cross Laminated Timber Market by Product (2019-2028 USD Mn)
8.4.1.2. China Cross Laminated Timber Market by Application (2019-2028 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Cross Laminated Timber Market by Product (2019-2028 USD Mn)
8.4.2.2. Japan Cross Laminated Timber Market by Application (2019-2028 USD Mn)
8.4.3. Rest of Asia Pacific
8.4.3.1. Rest of Asia Pacific Cross Laminated Timber Market by Product (2019-2028 USD Mn)
8.4.3.2. Rest of Asia Pacific Cross Laminated Timber Market by Application (2019-2028 USD Mn)

9. Latin America (LATAM) Cross Laminated Timber Market Analysis and Forecast, 2019 – 2028 (USD Mn)

9.1. Overview
9.2. Latin America Cross Laminated Timber Market by Product (2019-2028 USD Mn)
9.3. Latin America Cross Laminated Timber Market by Application (2019-2028 USD Mn)
9.4. Latin America Cross Laminated Timber Market by Country (2019-2028 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Cross Laminated Timber Market by Product (2019-2028 USD Mn)
9.4.1.2. Brazil Cross Laminated Timber Market by Application (2019-2028 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Cross Laminated Timber Market by Product (2019-2028 USD Mn)
9.4.2.2. Mexico Cross Laminated Timber Market by Application (2019-2028 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Cross Laminated Timber Market by Product (2019-2028 USD Mn)
9.4.3.2. Rest of Latin America Cross Laminated Timber Market by Application (2019-2028 USD Mn)

10. Middle East and Africa Cross Laminated Timber Market Analysis and Forecast, 2019 – 2028 (USD Mn)

10.1. Overview
10.2. MEA Cross Laminated Timber Market by Product (2019-2028 USD Mn)
10.3. MEA Cross Laminated Timber Market by Application (2019-2028 USD Mn)
10.4. Middle East and Africa Cross Laminated Timber Market, by Country (2019-2028 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Cross Laminated Timber Market by Product (2019-2028 USD Mn)
10.4.1.2. GCC Cross Laminated Timber Market by Application (2019-2028 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Cross Laminated Timber Market by Product (2019-2028 USD Mn)
10.4.2.2. South Africa Cross Laminated Timber Market by Application (2019-2028 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Cross Laminated Timber Market by Product (2019-2028 USD Mn)
10.4.3.2. Rest of MEA Cross Laminated Timber Market by Application (2019-2028 USD Mn)

11. Company Profiles

11.1. Binderholz GmbH
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Stora Enso Oyj
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Pfeifer Group
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Mayr-MelnhofHolz Holding AG
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. HASSLACHER Holding GmbH
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. XLam
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Sterling Company
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. SchilligerHolz AG
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. KLH Massivholz GmbH
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. B&K Structures
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis

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