Global Glued Laminated Timber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Glued Laminated Timber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Glued laminated timber is a structurally engineered wood product. By laminating many smaller woods, a single large and strong structural part is made from smaller wood. These structural members are used as vertical columns or horizontal beams, as well as curved arch shapes. As one of the oldest and widely used mass timber products, glulam use is broad and includes virtually all building types. Beyond buildings, it serves as the primary material for major load-bearing structures such as bridges, canopies and pavilions.

Market Overview:

The latest research study on the global Glued Laminated Timber market finds that the global Glued Laminated Timber market reached a value of USD 4399.19 million in 2022. It’s expected that the market will achieve USD 5452.93 million by 2028, exhibiting a CAGR of 3.64% during the forecast period.

The pandemic has disrupted global supply chains, including those for GLT, as countries have implemented restrictions on trade and travel. This has led to delays in the delivery of raw materials and finished products, which has impacted the production of GLT. Additionally, the pandemic has led to increased transportation costs and reduced workforce availability, further exacerbating supply chain issues.

On the demand side, because the downstream construction industry is a highly labor-intensive industry, the blockade policy has seriously hindered the construction progress of the construction project, which has also led to the delay of the construction industry's procurement plan for GLT and a sharp drop in demand in the short term. However, with the full resumption of work and production, this decline in demand can also be quickly adjusted.

Increasing demand for sustainable and environmentally friendly building materials

At present, green and resource-saving industries are being vigorously promoted all over the world. In all industries, the construction industry is a field with high energy consumption and high pollution, especially building materials. Building materials such as cement, concrete, glass and steel will produce a lot of pollution in the process of production and construction, so it is of great practical significance and social benefits to promote new green materials in the field of building materials. GLT is one of the most sustainable and environmentally friendly building materials available today. GLT is made from renewable resources and requires less energy to produce than other building materials like steel and concrete. It also has a lower carbon footprint than other building materials, making it an attractive option for builders and architects who want to reduce their impact on the environment. Additionally, GLT is known for its strength and durability, making it an ideal material for building structures that need to withstand natural disasters like earthquakes and hurricanes.

Regulations and policies on wood restrictions

Many regions or countries have issued regulations or policies to restrict the use and manufacture of wood. For example, from March 3, 2013, the European Union (EU) has fully implemented regulations prohibiting the import of furniture and other wood products produced from illegally felled timber. The regulation prohibits illegal logging of timber and wood products made from illegal logging in the EU, and requires EU companies to record the legal certification of their suppliers and even the entire supply chain. Wood products include solid wood products, flooring, plywood, pulp and paper. And it is suitable for all wood products in Europe and outside Europe. These requirements make market supervision more stringent. This will limit the development of the Glued Laminated Timbers and Cross Laminated Timbers industry.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

In 2022, the share of the Glued Laminated Timber market in Europe stood at 46.45%.

Company Overview:

Hasslacher is one of the major players operating in the Glued Laminated Timber market, holding a share of 5.51% in 2023.

Hasslacher

Founded in 1901, Hasslacher operates eight production sites in Austria, Germany, Slovenia and Russia. The company produces sawn timber, glued laminated timber, cross-laminated timber and structural finger jointed solid timber as well as panelling and mouldings for modern timber construction under the HASSLACHER NORICA TIMBER brand.

Mayr-Melnhof Holz

Mayr-Melnhof Holz operates as a holding company. The Company, through its subsidiaries, provides timber and processed wood products. Mayr-Melnhof Holz focuses on sawn timber, glulam, floorboard, solid wood floors, formwork panel, cross laminated timber, and wood briquettes for panels and solid wood floors.

Segmentation Overview:

The window and door header segment by type is expected to achieve 5.78% CAGR in 2023-2029.

Among different product types, Roof Beams segment is anticipated to contribute the largest market share in 2028.

Application Overview:

Glued Laminated Timber can be used in Residential, Hotel, Sports building, Cultural and Tourism building, etc.

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Glued Laminated Timber market covered in Chapter 3:

Holzwerke Bullinger
Rosboro
Binderholz GmbH
Weinberger
Luli Group
Boise Cascade
Shenghua Yunfeng New Material
Hasslacher
Mayr-Melnhof Holz
Canfor Corporation
Pfeifer Group
TUBAOBAO
Meiken Lamwood
Mosser Holzindustrie
Setra Group
best wood SCHNEIDER

In Chapter 4 and Chapter 14.2, on the basis of types, the Glued Laminated Timber market from 2018 to 2029 is primarily split into:

Roof Beams
Window and Door Header
Trusses and Supporting Columns
Floor Beams
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Glued Laminated Timber market from 2018 to 2029 covers:

Residential
Hotel
Sports building
Cultural & Tourism building
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)