Global Cross Laminated Timber (CLT) Market to Witness Progressive CAGR During 2017 – 2025

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Albany, NY — 04/27/2018 — Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Cross Laminated Timber (CLT) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025″. Cross laminated timber is a new generation engineered wood that was developed in Europe. It was first developed and used in Germany and Austria in early 1990s. Cross laminated timber is also known as X-lam and massive timber. It is a prefabricated engineered wood panel that is made up of three to four layers of solid-sawn lumber or composite lumber. This composite lumber is well laminated with gluing of longitudinal and transverse layers with structural adhesives to form a solid rectangular shaped straight and plane timber. Cross laminated timber was first developed and used in Germany and Austria. In the 2000s, Cross Laminated Timber was much widely used in Europe. Cross Laminated Timber has many applications in walls, roofs, and ceilings. The thickness of the timber can be changed according to the requirements of the application. It is an eco-friendly product, which is used as a sustainable material in various building systems such as single-family and multi-storey housing, etc..

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Cross laminated timber is used as a substitute for concrete and steel. While constructing a building, it is important for materials to be reliable, durable, and have longevity. Despite being five times lighter than concrete, CLT has comparable strength per weight ratio to concrete. The multi-layer wooden panel of the timber spans in two directions. Each layer is placed cross-wise to the adjacent layers to increase its stability and strength. Buildings using Cross Laminated Timber carry the same strength as concrete, while minimizing cost and construction time. Cross Laminated Timber also outperforms in earthquake zones. Buildings using cross laminated timber are cost competitive as compared to those built with steel and concrete. Prefabrication helps in contributing to cost savings in Cross Laminated Timber. It also helps to coordinate designs, manufacturing, and on-site construction. Overall project costs are reduced because the construction schedule is shorter and materials are brought to the site ready to be installed.

In terms of type, the global cross laminated timber market can be classified into adhesive bonded CLT and mechanically fastened CLT. Based on application, the global cross laminated timber market can be segmented into residential buildings, educational institutes, government/public buildings, and industrial and commercial spaces.

Rise in demand for sustainable building materials, positive developments in the green building movements, and changes in international building code are key factors driving the global cross laminated timber (CLT) market. In Europe and North America, cross laminated timber has become a preferred product in the construction of residential buildings. As the construction industry in Europe and North America has shifted its focus to a sustainable approach in constructing residential buildings, demand for cross laminated timber has risen Light frame wood (LFW) construction is the most commonly adopted construction type in the residential housing sector.

Constant research activities in the construction and wood industries are likely to create new opportunities for cross laminated timber manufacturers. The North American Advisory Committee on cross laminated timber along with its Research and Standards Sub-committee, were formed specifically to develop a roadmap for code adoption for the usage of cross laminated timber for other applications such as educational institutes, industrial and commercial spaces, and government and public buildings.

The report analyzes and forecasts the market for cross laminated timber at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2017 to 2025. The study includes drivers and restraints of the global cross laminated timber market. It also covers the impact of these drivers and restraints on demand for cross laminated timber during the forecast period. The report also highlights opportunities in the cross laminated timber market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global cross laminated timber market. Porter's Five Forces model for the cross laminated timber market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

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The study provides a decisive view of the global cross laminated timber market by segmenting it in terms of type, application, end-user, and region. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and forecast demand for cross laminated timber in North America, Europe, Asia Pacific, Latin America, and MEA. The report also covers demand for individual end-user segments in all the regions.

The study includes profiles of major companies operating in the global cross laminated timber market. Key players profiled in the global market include Stora Enso, Mayr-Melnhof Holz Holding AG, Binderholz Bausysteme GmbH, KLH Massivholz GmbH, HASSLACHER Holding GmbH, Structurlam Mass Timber Corporation, Nordic Structures, Ed. Züblin AG, Eugen Decker Holzindustrie KG, Sterling Lumber Company, and W. u. J. Derix GmbH & Co.

The report provides the estimated market size of cross laminated timber for 2016 and forecast for the next nine years. The global size of the cross laminated timber market has been provided in terms of revenue. Market numbers have been estimated based on type, application and region. Market size and forecast for each major type and application have been provided in terms of global and regional markets.

Cross Laminated Timber Market – Type Analysis

Adhesive-Bonded CLT

Mechanically Fastened CLT

Cross Laminated Timber Market – Application Analysis

Residential Buildings

Educational Institutes

Government/Public Buildings

Industrial and Commercial Space

Key Takeaways

The report provides extensive analysis of market trends and shares from 2017 to 2025 in order to identify opportunities and industry developments

It provides comparative analysis of properties of cross laminated timber in comparison with concrete and steel

It offers analysis of structures and characteristics of cross laminated timber

The report also includes major production sites of cross laminated timber in North America, Europe, and Asia Pacific, along with the list of manufacturers

It Identifies key factors responsible to build the upcoming opportunistic roadmap for the cross laminated timber market at global, regional, and country levels

The report offers comprehensive analysis with respect to investments and regulatory scenario that subsequently impact the outlook and forecast of the global cross laminated timber market between 2016 and 2025

The report provides insights in terms of opportunities for various stakeholders in the value chain and detailed competition landscape for key players dominating the industry to understand competition level

Porters' Five Forces and SWOT analysis highlight the potency of buyers and suppliers to enable stakeholders to make profit oriented business decisions and analyze the strength and weakness to gain strategic position in the market

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Jasmine Petters

Jasmine Petters

Jasmine hails from the city of Nizams, Hyderabad, and is currently pursuing her M.D. from there only. She is an internet wizard and has keen passion in All Things tech. She is a regular Comment contributor for The Daily Telescope and writes a Web column, in which she covers war, sports, and everything in between.
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