European Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

European Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The European cross-laminated timber market size reached 1.6 Million Cubic Metres in 2022. Looking forward, IMARC Group expects the market to reach 2.9 Million Cubic Metres by 2028, exhibiting a growth rate (CAGR) of 11.15% during 2023-2028.

Cross-laminated timber, or CLT, is an engineered wood product, which is made by stacking layers of wood panels in perpendicular directions and fastening them together. This crosswise arrangement helps in increasing the structural strength, load-bearing capacity, dimensional stability and rigidity of the wood panels while reducing their shrinkage and swelling. CLT was first developed in Europe during the early 1990s and has now come to represent an important construction material in the region. It is also used for a number of residential and commercial applications, either in combination with other building materials and wood products or as a standalone system.

CLT represents an inexpensive, flexible and time-saving substitute to conventional construction materials such as concrete, steel and masonry. This is a result of the prefabrication of CLT according to the desired dimensions and shapes that reduces on-site waste, as well as saves installation time. Moreover, it represents an environment-friendly and sustainable building material as it is made of wood. CLT panels also help in reducing the amount of carbon dioxide present in the environment by trapping more than 1500 kg of CO2 per ton. The manufacturing and transportation of CLT also produce lesser pollution as compared to conventional building materials. One of the significant factors that have facilitated the demand for CLT in the European region is the green building movement, which requires constructors to use sustainable and eco-friendly construction materials. Amendments in the International Building Code 2015, allowing the use of CLT for the large building, has also helped in expanding the market. Enhanced marketing and increasing awareness about the advantages of CLT, along with improved distribution channels, represent some of the other growth-inducing factors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the European cross-laminated timber market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application, product type, element type, raw material type, bonding method, panel layers, adhesive type, press type, storey class and application type.

Breakup by Application:

Residential
Educational Institutes
Government/Public Buildings
Commercial Spaces


At present, the residential sector represents the largest segment, holding the majority of the total market share.

Breakup by Product Type:

Custom CLT
Blank CLT


Custom CLT currently represents the most popular type, accounting for the dominant share.

Breakup by Element Type:

Wall Panels
Flooring Panels
Roofing Slabs
Others


Amongst these, wall panels account for nearly half of the total market share.

Breakup by Raw Material Type:

Spruce
Pine
Fir
Others


Presently, spruce is mostly used in the production of CLT panels.

Breakup by Bonding Method:

Adhesive Bonded
Mechanically Fastened


Adhesive bonding is the dominant segment, holding the majority of the total market share.

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


PUR (polyurethane resin) is the most popular adhesive used for fastening CLT panels.

Breakup by Press Type:

Hydraulic Press
Vacuum Press
Pneumatic Press
Others


At present, CLT panels are primarily manufactured using a hydraulic press.

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


Structural applications represent the largest segment.

Regional Insights:

Austria
Germany
Italy
Switzerland
Czech Republic
Spain
Norway
Sweden
United Kingdom
Others


Region-wise, Austria exhibits a clear dominance in the market.

Competitive Landscape:

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

Stora Enso Oyj
KLH Massivholz GmbH
Binderholz GmbH
Mayr Melnhof Karton AG
Hasslacher Holding GmbH


Key Questions Answered in This Report

1. What was the size of the European cross-laminated timber market in 2022?
2. What is the expected growth rate of the European cross-laminated timber market during 2023-2028?
3. What are the key factors driving the European cross-laminated timber market?
4. What has been the impact of COVID-19 on the European cross-laminated timber market?
5. What is the breakup of the European cross-laminated timber market based on the application?
6. What is the breakup of the European cross-laminated timber market based on the product type?
7. What is the breakup of the European cross-laminated timber market based on the element type?
8. What is the breakup of the European cross-laminated timber market based on the raw material type?
9. What is the breakup of the European cross-laminated timber market based on the bonding method?
10. What is the breakup of the European cross-laminated timber market based on the panel layers?
11. What is the breakup of the European cross-laminated timber market based on the adhesive type?
12. What is the breakup of the European cross-laminated timber market based on the press type?
13. What is the breakup of the European cross-laminated timber market based on the storey class?
14. What is the breakup of the European cross-laminated timber market based on the application type?
15. What are the key regions in the European cross-laminated timber market?
16. Who are the key players/companies in the European cross-laminated timber market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 European Cross Laminated Timber Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Trends
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Country
5.6 Market Breakup by Application
5.7 Market Breakup by Product Type
5.8 Market Breakup by Element Type
5.9 Market Breakup by Raw Material Type
5.10 Market Breakup by Bonding Method
5.11 Market Breakup by Panel Layers
5.12 Market Breakup by Press Type
5.13 Market Breakup by Adhesive Type
5.14 Market Breakup by Storey Class
5.15 Market Breakup by Application Type
5.16 Market Forecast
5.17 SWOT Analysis
5.17.1 Overview
5.17.2 Strengths
5.17.3 Weaknesses
5.17.4 Opportunities
5.17.5 Threats
5.18 Value Chain Analysis
5.19 Porter’s Five Forces Analysis
5.19.1 Overview
5.19.2 Bargaining Power of Buyers
5.19.3 Bargaining Power of Suppliers
5.19.4 Degree of Rivalry
5.19.5 Threat of New Entrants
5.19.6 Threat of Substitutes
5.20 Key Market Drivers and Success Factors
6 Performance of Major Countries
6.1 Austria
6.1.1 Market Trends
6.1.2 Capacities of Key Players
6.1.3 Market Forecast
6.2 Germany
6.2.1 Market Trends
6.2.2 Capacities of Key Players
6.2.3 Market Forecast
6.3 Italy
6.3.1 Market Trends
6.3.2 Capacities of Key Players
6.3.3 Market Forecast
6.4 Switzerland
6.4.1 Market Trends
6.4.2 Capacities of Key Players
6.4.3 Market Forecast
6.5 Czech Republic
6.5.1 Market Trends
6.5.2 Capacities of Key Players
6.5.3 Market Forecast
6.6 Spain
6.6.1 Market Trends
6.6.2 Capacities of Key Players
6.6.3 Market Forecast
6.7 Norway
6.8 Sweden
6.9 United Kingdom
6.10 Others
7 Market by Application
7.1 Residential
7.2 Educational Institutes
7.3 Government/Public Buildings
7.4 Commercial Spaces
8 Market by Product Type
8.1 Custom CLT
8.2 Blank CLT
9 Market by Element Type
9.1 Wall Panels
9.2 Flooring Panels
9.3 Roofing Slabs
9.4 Others
10 Market by Raw Material Type
10.1 Spruce
10.2 Pine
10.3 Fir
10.4 Others
11 Market by Bonding Method
11.1 Adhesive Bonded
11.2 Mechanically Fastened
12 Market by Panel Layers
12.1 3-Ply
12.2 5-Ply
12.3 7-Ply
12.4 Others
13 Market by Adhesive Type
13.1 PUR (Polyurethane)
13.2 PRF (Phenol Resorcinol Formaldehyde)
13.3 MUF (Melamine-Urea-Formaldehyde)
13.4 Others
14 Market by Press Type
14.1 Hydraulic Press
14.2 Vacuum Press
14.3 Pneumatic Press
14.4 Others
15 Market by Storey Class
15.1 Low-Rise Buildings (1-4 Storeys)
15.2 Mid-Rise Buildings (5-10 Storeys)
15.3 High-Rise Buildings (More than 10 Storeys)
16 Market by Application Type
16.1 Structural Applications
16.2 Non-Structural Applications
17 Competitive Landscape
17.1 Market Structure
17.2 Production Capacities of Key Players
18 Cross Laminated Timber Manufacturing Process
18.1 Product Overview
18.2 Detailed Process Flow
18.3 Various Types of Unit Operations Involved
18.4 Mass Balance and Raw Material Requirements
19 Project Details, Requirements and Costs Involved
19.1 Land Requirements and Expenditures
19.2 Construction Requirements and Expenditures
19.3 Plant Layout
19.4 Plant Machinery
19.5 Machinery Pictures
19.6 Raw Material Requirements and Expenditures
19.7 Raw Material and Final Product Pictures
19.8 Packaging Requirements and Expenditures
19.9 Transportation Requirements and Expenditures
19.10 Utility Requirements and Expenditures
19.11 Manpower Requirements and Expenditures
19.12 Other Capital Investments
20 Loans and Financial Assistance
21 Project Economics
21.1 Capital Cost of the Project
21.2 Techno-Economic ParaMetres
21.3 Product Pricing and Margins Across Various Levels of the Supply Chain
21.4 Income Projections
21.5 Expenditure Projections
21.6 Taxation and Depreciation
21.7 Financial Analysis
21.8 Profit Analysis
22 Key Player Profiles
22.1 Stora Enso Oyj
22.2 KLH Massivholz GmbH
22.3 Binderholz GmbH
22.4 Mayr Melnhof Karton AG
22.5 Hasslacher Holding GmbH

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