Cross Laminated Timber Market Share, Size, Trends, Industry Analysis Report, By Type (Adhesive Bonded, Mechanically Fastened); By Industry; By End-Use; By Region; Segment Forecast, 2022 - 2030

Cross Laminated Timber Market Share, Size, Trends, Industry Analysis Report, By Type (Adhesive Bonded, Mechanically Fastened); By Industry; By End-Use; By Region; Segment Forecast, 2022 - 2030

The global cross laminated timber market size is expected to reach USD 3.72 billion by 2030, according to a new study by Polaris Market Research. The report “Cross laminated timber Market Share, Size, Trends, Industry Analysis Report, By Type (Adhesive Bonded, Mechanically Fastened); By Industry; By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Superior design flexibility and speedier installation methods against other construction materials are expected to enhance the market throughout the projected period. Due to the introduction of COVID, the global construction sector saw a sharp collapse, with governments resorting to the suspension of all building activity. This resulted in a sharp drop in demand for cross laminated timber.

Although the coronavirus pandemic disrupted the supply chain by impacting wood supply and cutting demand from the building sector, the worldwide demand for the material has not yet slowed. On the contrary, the epidemic has increased demand for environmentally friendly building materials. It is currently expected that material demand will expand faster in the medium and long term.

The epidemic, on the other hand, has had only a minor impact on market performance. Due to lockdowns and a lack of competent workers, several significant building projects relying on the material were repeatedly postponed. This has an impact on the performance of several significant market players.

The market in the United States is predicted to expand due to increasing demand from the end-user sector. High spending power and a diverse product offering are projected to drive market expansion in the area.

The paradigm shift toward utilizing environmentally friendly goods with minimal negative impact, as defined by the US EPA’s VOC rules, and green construction efforts are the key drivers positively affecting the industry. The market is expected to be driven by rising consumer awareness of the benefits of CLT in the building industry. Because of design considerations, the CLT sector is experiencing limits on using CLT structures in high-rise multi-family housing. Aside from the height constraints imposed by construction codes, CLT is more costly than steel or concrete. A dearth of qualified experts is also a big challenge since the lack of training for architects and planners in timber building is projected to limit market expansion.

Europe is predicted to dominate the market due to the widespread usage of the material in the construction of small and medium-sized buildings in the area. Europe produces 65% of the world’s timber-based wood materials, with the bulk of the output consumed locally. On the other hand, in North America, the industry is controlled using CLT in constructing hybrid buildings, which use a blend of timber and traditional elements to produce aesthetic architectural designs for workspaces.

Cross laminated timber Market Report Highlights

  • By Geography, Europe dominated the market and is expected to hold a major share in 2022 because of the green construction movement in this region.
  • In 2022, the cross laminated wood with adhesively bonded product type led the market, accounting largest worldwide revenue.
  • Due to the increasing usage of sustainable and environmental construction materials and seismic bearing capability, the residential application segment dominates the market of the worldwide revenue share in 2022.
  • Key players in the market include Stora Enso, Pfeifer Group, HASSLACHER Holding GmbH, Mayr-Melnhof Holz, Binderholz GmbH.

  • Polaris Market Research has segmented the cross laminated timber market report based on type, industry, end-user, and region:

    Cross laminated timber, Type Outlook (Revenue – USD Billion, 2018 – 2030)
  • Adhesive Bonded CLT
  • Mechanically Fastened CLT

  • Cross laminated timber, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
  • Structural
  • Non-structural

  • Cross laminated timber, Industry Outlook (Revenue – USD Billion, 2018 – 2030)
  • Residential
  • Non-residential

  • Cross laminated timber, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

  • 1. Introduction
    1.1. Report Description
    1.1.1. Objectives of the Study
    1.1.2. Market Scope
    1.1.3. Assumptions
    1.2. Stakeholders
    2. Executive Summary
    2.1. Market Highlights
    3. Research Methodology
    3.1. Overview
    3.1.1. Data Mining
    3.2. Data Sources
    3.2.1. Primary Sources
    3.2.2. Secondary Sources
    4. Global Cross Laminated Timber Market Insights
    4.1. Cross Laminated Timber – Industry Snapshot
    4.2. Cross Laminated Timber Market Dynamics
    4.2.1. Drivers and Opportunities
    4.2.1.1. Rising demand from building and construction sector
    4.2.1.2. Increased consumer awareness of the environmental harm
    4.2.2. Restraints and Challenges
    4.2.2.1. Barriers to design and demand for cross laminated timber
    4.3. Porter’s Five Forces Analysis
    4.3.1. Bargaining Power of Suppliers (Moderate)
    4.3.2. Threats of New Entrants: (Low)
    4.3.3. Bargaining Power of Buyers (Moderate)
    4.3.4. Threat of Substitute (Moderate)
    4.3.5. Rivalry among existing firms (High)
    4.4. PESTEL Analysis
    4.5. Cross Laminated Timber Market Industry Trends
    4.6. Value Chain Analysis
    4.7. COVID-19 Impact Analysis
    5. Global Cross Laminated Timber Market, by Type
    5.1. Key Findings
    5.2. Introduction
    5.2.1. Global Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    5.3. Adhesive Bonded CLT
    5.3.1. Global Cross Laminated Timber Market, by Adhesive Bonded CLT, by Region, 2018 - 2030 (USD Billion)
    5.4. Mechanically Fastened CLT
    5.4.1. Global Cross Laminated Timber Market, by Mechanically Fastened CLT, by Region, 2018 - 2030 (USD Billion)
    6. Global Cross Laminated Timber Market, by Industry
    6.1. Key Findings
    6.2. Introduction
    6.2.1. Global Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    6.3. Residential
    6.3.1. Global Cross Laminated Timber Market, by Residential, by Region, 2018 - 2030 (USD Billion)
    6.4. Commercial
    6.4.1. Global Cross Laminated Timber Market, by Commercial, by Region, 2018 - 2030 (USD Billion)
    7. Global Cross Laminated Timber Market, by End-Use
    7.1. Key Findings
    7.2. Introduction
    7.2.1. Global Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    7.3. Structural
    7.3.1. Global Cross Laminated Timber Market, by Structural, by Region, 2018 - 2030 (USD Billion)
    7.4. Non-structural
    7.4.1. Global Cross Laminated Timber Market, by Non-structural, by Region, 2018 - 2030 (USD Billion)
    8. Global Cross Laminated Timber Market, by Geography
    8.1. Key findings
    8.2. Introduction
    8.2.1. Cross Laminated Timber Market Assessment, By Geography, 2018 - 2030 (USD Billion)
    8.3. Cross Laminated Timber Market – North America
    8.3.1. North America: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.3.2. North America: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.3.3. North America: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.3.4. Cross Laminated Timber Market – U.S.
    8.3.4.1. U.S.: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.3.4.2. U.S.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.3.4.3. U.S.: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.3.5. Cross Laminated Timber Market – Canada
    8.3.5.1. Canada: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.3.5.2. Canada.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.3.5.3. Canada: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.4. Cross Laminated Timber Market – Europe
    8.4.1. Europe: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.4.2. Europe.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.4.3. Europe: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.4.4. Cross Laminated Timber Market – UK
    8.4.4.1. UK: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.4.4.2. UK.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.4.4.3. UK: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.4.5. Cross Laminated Timber Market – France
    8.4.5.1. France: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.4.5.2. France.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.4.5.3. France: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.4.6. Cross Laminated Timber Market – Germany
    8.4.6.1. Germany: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.4.6.2. Germany.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.4.6.3. Germany: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.4.7. Cross Laminated Timber Market – Italy
    8.4.7.1. Italy: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.4.7.2. Italy.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.4.7.3. Italy: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.4.8. Cross Laminated Timber Market – Spain
    8.4.8.1. Spain: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.4.8.2. Spain.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.4.8.3. Spain: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.4.9. Cross Laminated Timber Market – Netherlands
    8.4.9.1. Netherlands: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.4.9.2. Netherlands.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.4.9.3. Netherlands: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.4.10. Cross Laminated Timber Market – Russia
    8.4.10.1. Russia: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.4.10.2. Russia.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.4.10.3. Russia: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.5. Cross Laminated Timber Market – Asia Pacific
    8.5.1. Asia Pacific: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.5.2. Asia Pacific.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.5.3. Asia Pacific: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.5.4. Cross Laminated Timber Market – China
    8.5.4.1. China: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.5.4.2. China.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.5.4.3. China: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.5.5. Cross Laminated Timber Market – India
    8.5.5.1. India: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.5.5.2. India.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.5.5.3. India: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.5.6. Cross Laminated Timber Market – Malaysia
    8.5.6.1. Malaysia: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.5.6.2. Malaysia.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.5.6.3. Malaysia: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.5.7. Cross Laminated Timber Market – Japan
    8.5.7.1. Japan: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.5.7.2. Japan.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.5.7.3. Japan: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.5.8. Cross Laminated Timber Market – Indonesia
    8.5.8.1. Indonesia: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.5.8.2. Indonesia.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.5.8.3. Indonesia: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.5.9. Cross Laminated Timber Market – South Korea
    8.5.9.1. South Korea: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.5.9.2. South Korea.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.5.9.3. South Korea: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.6. Cross Laminated Timber Market – Middle East & Africa
    8.6.1. Middle East & Africa: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.6.2. Middle East & Africa.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.6.3. Middle East & Africa: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.6.4. Cross Laminated Timber Market – Saudi Arabia
    8.6.4.1. Saudi Arabia: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.6.4.2. Saudi Arabia.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.6.4.3. Saudi Arabia: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.6.5. Cross Laminated Timber Market – UAE
    8.6.5.1. UAE: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.6.5.2. UAE.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.6.5.3. UAE: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.6.6. Cross Laminated Timber Market – Israel
    8.6.6.1. Israel: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.6.6.2. Israel.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.6.6.3. Israel: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.6.7. Cross Laminated Timber Market – South Africa
    8.6.7.1. South Africa: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.6.7.2. South Africa.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.6.7.3. South Africa: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.7. Cross Laminated Timber Market – Latin America
    8.7.1. Latin America: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.7.2. Latin America.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.7.3. Latin America: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.7.4. Cross Laminated Timber Market – Mexico
    8.7.4.1. Mexico: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.7.4.2. Mexico.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.7.4.3. Mexico: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.7.5. Cross Laminated Timber Market – Brazil
    8.7.5.1. Brazil: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.7.5.2. Brazil.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.7.5.3. Brazil: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    8.7.6. Cross Laminated Timber Market – Argentina
    8.7.6.1. Argentina: Cross Laminated Timber Market, by Type, 2018 - 2030 (USD Billion)
    8.7.6.2. Argentina.: Cross Laminated Timber Market, by End-Use, 2018 - 2030 (USD Billion)
    8.7.6.3. Argentina: Cross Laminated Timber Market, by Industry, 2018 - 2030 (USD Billion)
    9. Competitive Landscape
    9.1. Expansion and Acquisition Analysis
    9.1.1. Expansion
    9.1.2. Acquisitions
    9.2. Partnerships/Collaborations/Agreements/Exhibitions
    10. Company Profiles
    10.1. B&K Structures
    10.1.1. Company Overview
    10.1.2. Financial Performance
    10.1.3. Product Benchmarking
    10.1.4. Recent Development
    10.2. Stora Enso
    10.2.1. Company Overview
    10.2.2. Financial Performance
    10.2.3. Product Benchmarking
    10.2.4. Recent Development
    10.3. Eugen Decker & WebMan
    10.3.1. Company Overview
    10.3.2. Financial Performance
    10.3.3. Product Benchmarking
    10.3.4. Recent Development
    10.4. Structurlam Mass Timber Corporation
    10.4.1. Company Overview
    10.4.2. Financial Performance
    10.4.3. Product Benchmarking
    10.4.4. Recent Development
    10.5. SmartLam NA
    10.5.1. Company Overview
    10.5.2. Financial Performance
    10.5.3. Product Benchmarking
    10.5.4. Recent Development

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