According to IMARC Group’s latest report, titled “Cross-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” the global cross-laminated timber market reached a value of US$ 1.07 Billion in 2020. Cross-laminated timber (CLT) stands for a type of engineered wood product used as a sustainable alternative to steel and concrete materials in the construction of residential and commercial spaces. It consists of multilayer panels made of solid wood boards stacked crosswise and glued together. The cross-laminated configuration increases dimensional stability, rigidity, mechanical properties, etc. Compared to concrete or steel structures, CLT is lightweight, easy to install, and offers similar structural performance. As a result, CLT is used to build a wide range of structures, including houses, powerline towers, bridges, high-rise apartments, etc.
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for a PDF sample of this report: https://www.imarcgroup.com/cross-laminated-timber-manufacturing-plant/requestsample
Significant
growth in the construction industry is primarily driving the demand for lightweight
building materials, such as cross-laminated timber. Moreover, CLT serves as a
cheaper alternative to conventional building materials like precast concrete.
Furthermore, it can be used for an entire building or any combination of wall,
flooring, and ceiling applications. Additionally, inflating consumer disposable
income levels and growing preferences for semi or fully furnished apartments
are also catalyzing the market for CLT. Besides this, the government bodies
across several nations are focusing on green building solutions, which in turn
is bolstering the applications of CLT in the construction industry. This is
expected to further propel the market growth in the coming years. Looking forward, IMARC
Group expects the market to grow at a CAGR of 13.2% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes
over the world, we are continuously tracking the changes in the markets, as
well as the industry behaviors of the consumers globally and our estimates
about the latest market trends and forecasts are being done after considering
the impact of this pandemic.
Competitive
Landscape with Key Players:
· Stora Enso
· KLH
· Binderholz
· Mayr Melnhof
· Hasslacher
· XLam Limited
· Sterling Lumber
· Shilliger Holz AG
· Eugen Decker Holzindustrie KG
· Structurlam
· SmartLam
· Meiken Lamwood Corp.
Market
Segmentation:
Breakup by Application:
·
Residential
·
Educational Institutes
·
Government/Public Buildings
·
Commercial Spaces
Breakup by Product Type:
·
Custom CLT
·
Blank CLT
Breakup by Element Type:
·
Wall Panels
·
Flooring Panels
·
Roofing Slabs
·
Others
Breakup by Raw Material Type:
·
Spruce
·
Pine
·
Fir
·
Others
Breakup by Bonding Method:
·
Adhesively Bonded
·
Mechanically Fastened
Breakup by Panel Layers:
·
3-Ply
·
5-Ply
·
7-Ply
·
Others
Breakup by Adhesive Type:
·
PUR (Polyurethane)
·
PRF (Phenol Resorcinol Formaldehyde)
·
MUF (Melamine-Urea-Formaldehyde)
·
Others
Breakup by Press Type:
·
Hydraulic Press
·
Vacuum Press
·
Pneumatic Press
·
Others
Breakup by Storey Class:
·
Low-Rise Buildings (1-4 Storeys)
·
Mid-Rise Buildings (5-10 Storeys)
·
High-Rise Buildings (More than 10 Storeys)
Breakup by Application Type:
·
Structural Applications
·
Non-Structural Applications
·
North America (United States, Canada)
·
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
·
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
·
Latin America (Brazil, Mexico, Others)
·
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq,
Others)
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Analyst for Customization and Explore full report with TOC & List of
Figures: https://www.imarcgroup.com/cross-laminated-timber-manufacturing-plant
We are updating our reports, if you want latest primary and secondary
data (2021-2026) with Cost Module, Business Strategy, Distribution Channel,
etc. Click request free sample report, published report will be delivered to
you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success
Factors
- The Impact of COVID-19 on the
Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the
competitive landscape
If you need specific information that
is not currently within the scope of the report, we will provide it to you as a
part of the customization.
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