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Cross Laminated Timber (CLT) Market Worth Around 1,833.0 Million USD and Showcase Approximately Exponential CAGR of Around 16.2% In International Market Forecast Till 2024

Press release   •   May 10, 2019 06:40 EDT

The Global Cross Laminated Timber (CLT) Market was valued at USD 640.7 million in 2017 and is projected to generate a demand of USD 1,833.0 million by 2024, while actuating at a exponential CAGR of 16.2% over the next seven years.

The aforementioned growth can be attributed to the increasing transition towards green building materials on a global scale along with the government initiatives to promote the use of wood for construction purposes. The years used for the assessment are as follows;

Historical year : 2016
Base year : 2017
Forecast period : 2018 – 2024

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RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources.
Interacting with key opinion leaders of the market and developing data points based on interaction with them.
Study of past trends in the market and their year on year impact on the market size and share.
Analyzing the collected data points.
Bridging the data points to calculate the global cross laminated timber market and its various segments.
Anticipating potential risks.
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global cross laminated timber market.
Finalizing the overall size and share for the global cross laminated timber market.

OBJECTIVES:

To classify global cross laminated timber market into segments on the basis of product, application and to analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with cross laminated timber.
Profiling key companies operating in the global cross laminated timber market.
To study market response with respect to the mergers and acquisitions in the industry.

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MARKET SCOPE

The research scope for cross laminated timber (CLT) market is as follows:

By Product
Adhesive Bonded
Mechanically Fastened

By Application
Residential
Institutional
Commercial
Others

By Region
North America
Europe
Asia-Pacific
Rest of the World (ROW)

Free Analysis

The global cross laminated timber market is expected to expand from USD 640.7 million in 2017, to USD 1,833.0 million in 2024, at a CAGR of 16.2% from 2018 to 2024. The market is likely to advance over the period of forecast in light of growing sustainability concerns as well as the promotion of green building initiatives by the government. Increasing transition from conventional building materials such as steel or concrete towards wood is set to revolutionize the global market. The carbon absorption ability of wood along with several regulations to control the carbon emissions is projected to propel market demand over the next few years. However, the propensity of wood to trap moisture makes it suitable for certain particular climatic conditions only and may hinder the market growth to some extent. Moreover, market participants are required to conform to numerous stringent regulations of timber authorities in varied regions.

The adhesive bonded product segment held the major share of the global cross laminated timber market in 2017, and is expected maintain its dominance during 2018-2024. Adhesive bonded cross laminated timber offers significant durability along with improved performance and therefore has widespread coverage. Although, growing environmental concerns as to use of adhesives in light of carbon emissions may hamper its demand. Mechanically fastened segment, however, is anticipated to emerge as the fastest growing segment due to effective recycling offered by the product. Based on application, the residential segment held the maximum share of the global market and is projected to depict highest growth from 2018 to 2024. The aforementioned growth can be attributed to high seismic performance coupled with fire resistant property of cross laminated timber.

Geographically, Europe accounted for the largest share of the global cross laminated timber market due to the presence of certain major producing nations such as Austria and Germany. Whereas, North America is anticipated to emerge as the fastest growing region due to the augmenting use of cross laminated timber for residential construction. The growing consumer demand for luxury apartments in light of rising standard of living as well as urbanization in Asia Pacific region is also projected to promote market growth.

Some of the key companies operating in the cross laminated timber market include Stora Enso AB, Binderholz GmbH, Maye-Melnhof Holz Holding AG, XLam Limited, Schillinger Holz AG, KLH Massivholz GmbH, Eugen Decker Holzindustrie KG, Structurlam, B & K Structures, SmartLam, among others

Table of Contents

Global Cross Laminated Timber (CLT) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

1.1. Research Methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Cross laminated timber market – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global cross laminated timber market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1 Potential in emerging countries due to rising construction expenditure

3.6 Market dynamics

3.6.1 Market driver analysis

3.6.1.1 Growing environmental concerns

3.6.1.2 Rising demand owing to government support

3.6.1.3 Cost competitiveness

3.6.2 Market restraint analysis

3.6.2.1 Climatic conditions

CHAPTER 4. Competitive Outlook

4.1. Competitive Analysis

4.2. Porter’s Five Forces Analysis

4.3. Company Market Share Analysis

CHAPTER 5. Global Cross Laminated Timber Market Size and Forecast (2014 – 2024)

5.1. Global Cross Laminated Timber Market, By Product (Thousand Cubic Meters) (USD Million)

5.1.1. Adhesive Bonded

5.1.2. Mechanically Fastened

5.2. Global Cross Laminated Timber Market, By Application (Thousand Cubic Meters) (USD Million)

5.2.1. Residential

5.2.2. Institutional

5.2.3. Commercial

5.2.4. Others

CHAPTER 6. Global Cross Laminated Timber Market, By Region (2014 – 2024)

6.1. North America Cross Laminated Timber Market (Thousand Cubic Meters) (USD Million)

6.1.1. North America Cross Laminated Timber Market, By Product (Thousand Cubic Meters) (USD Million)

6.1.2. North America Cross Laminated Timber Market, By Application (Thousand Cubic Meters) (USD Million)

6.1.3. North America Cross Laminated Timber Market, By Country (Thousand Cubic Meters) (USD Million)

6.1.3.1. The U.S.

6.1.3.2. Canada

6.1.3.3. Mexico

6.2. Europe Cross Laminated Timber Market (Thousand Cubic Meters) (USD Million)

6.2.1. Europe Cross Laminated Timber Market, By Product (Thousand Cubic Meters) (USD Million)

6.2.2. Europe Cross Laminated Timber Market, By Application (Thousand Cubic Meters) (USD Million)

6.2.3. Europe Cross Laminated Timber Market, By Country (Thousand Cubic Meters) (USD Million)

6.2.3.1. Austria

6.2.3.2. Germany

6.2.3.3. Switzerland

6.2.3.4. Italy

6.2.3.5. Rest of Europe

6.3. Asia-Pacific Cross Laminated Timber Market (Thousand Cubic Meters) (USD Million)

6.3.1. Asia-Pacific Cross Laminated Timber Market, By Product (Thousand Cubic Meters) (USD Million)

6.3.2. Asia-Pacific Cross Laminated Timber Market, By Application (Thousand Cubic Meters) (USD Million)

5.3.3. Asia-Pacific Cross Laminated Timber Market, By Country (Thousand Cubic Meters) (USD Million)

6.3.2.1. China

6.3.2.2. Japan

6.3.2.3. New Zealand

6.3.2.4. Australia

6.3.2.5. Rest of Asia-Pacific

6.4. Rest of the World (ROW) Cross Laminated Timber Market (Thousand Cubic Meters) (USD Million)

6.4.1. Rest of the World (ROW) Cross Laminated Timber Market, By Product (Thousand Cubic Meters) (USD Million)

6.4.2. Rest of the World (ROW) Cross Laminated Timber Market, By Application (Thousand Cubic Meters) (USD Million)

6.4.3. Rest of the World (ROW) Cross Laminated Timber Market, By Region (Thousand Cubic Meters) (USD Million)

6.4.3.1. Central & South America (CSA)

6.4.3.2. Middle East & Africa (MEA)

CHAPTER 7. Key Players and Strategic Developments

7.1. Stora Enso AB

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Binderholz GmbH

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Maye-Melnhof Holz Holding AG

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. XLam Limited

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Schillinger Holz AG

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. KLH Massivholz GmbH

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Eugen Decker Holzindustrie KG

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Structurlam

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. B & K Structures

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. SmartLam

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

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