Cross Laminated Timber Market Size, Share & Trends Report

Cross Laminated Timber Market Size, Share & Trends Analysis Report By Product (Adhesive Bonded CLT, Mechanically Fastened CLT), By Application (Residential, Institutional), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-985-2
  • Number of Pages: 145
  • Format: Electronic (PDF)

Market Segmentation

  • Cross Laminated Timber Product Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2018 - 2030)
    • Adhesive Bonded Cross Laminated Timber
    • Mechanically Fastened Cross Laminated Timber
  • Cross Laminated Timber Application Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2018 - 2030)
    • Residential
    • Institutional
    • Commercial
    • Others
  • Cross Laminated Timber Regional Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Cross Laminated Timber Market, By Product
        • Adhesive Bonded Cross Laminated Timber
        • Mechanically Fastened Cross Laminated Timber
      • North America Cross Laminated Timber Market, By Application
        • Residential
        • Institutional
        • Commercial
        • Others
      • U.S.
        • U.S. Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • U.S. Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
      • Canada
        • Canada Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • Canada Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
      • Mexico
        • Mexico Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • Mexico Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
    • Europe
      • Europe Cross Laminated Timber Market, By Product
        • Adhesive Bonded Cross Laminated Timber
        • Mechanically Fastened Cross Laminated Timber
      • Europe Cross Laminated Timber Market, By Application
        • Residential
        • Institutional
        • Commercial
        • Others
      • Germany
        • Germany Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • Germany Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
      • Austria
        • Austria Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • Austria Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
      • Switzerland
        • Switzerland Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • Switzerland Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
      • Italy
        • Italy Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • Italy Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
    • Asia Pacific
      • Asia Pacific Cross Laminated Timber Market, By Product
        • Adhesive Bonded Cross Laminated Timber
        • Mechanically Fastened Cross Laminated Timber
      • Asia Pacific Cross Laminated Timber Market, By Application
        • Residential
        • Institutional
        • Commercial
        • Others
      • China
        • China Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • China Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
      • New Zealand
        • New Zealand Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • New Zealand Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
      • Japan
        • Japan Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • Japan Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
      • Australia
        • Australia Cross Laminated Timber Market, By Product
          • Adhesive Bonded Cross Laminated Timber
          • Mechanically Fastened Cross Laminated Timber
        • Australia Cross Laminated Timber Market, By Application
          • Residential
          • Institutional
          • Commercial
          • Others
    • Central & South America
      • Central & South America Cross Laminated Timber Market, By Product
        • Adhesive Bonded Cross Laminated Timber
        • Mechanically Fastened Cross Laminated Timber
      • Central & South America Cross Laminated Timber Market, By Application
        • Residential
        • Institutional
        • Commercial
        • Others
    • Middle East & Africa
      • Middle East & Africa Cross Laminated Timber Market, By Product
        • Adhesive Bonded Cross Laminated Timber
        • Mechanically Fastened Cross Laminated Timber
      • Middle East & Africa Cross Laminated Timber Market, By Application
        • Residential
        • Institutional
        • Commercial
        • Others

Cross Laminated Timber Market Dynamics

Driver: Increased product demand in building & construction applications

Cross laminated timber (CLT) is increasingly used in construction applications owing to the rising awareness of its benefits including design flexibility, fire resistance, superior thermal performance, and cost-effectiveness. Traditionally, materials like steel and concrete have been employed for building and construction applications. However, the added benefits of CLT over steel and concrete materials including clean & noiseless construction process, reduced construction time, and low cost have increased its demand. The infrastructure projects are expected to rise progressively in the coming years. This subsector is projected to grow at a CAGR of 4.0% from 2020 to 2030, followed by construction, housing, and non-housing subsectors that are expected to grow at a CAGR of 3.6%, 3.5%, and 3.2%, respectively during the same period. The non-housing sector has been the most severely affected by the COVID-19 pandemic and is expected to recover at the slowest rate in the coming years. Non-housing subsector will grow by an average of nearly 1.5% points less per year than the infrastructure subsector between 2020 and 2025, owing to the rise in commercial building construction.

Driver: Reduction in carbon emissions using cross laminated timber

The construction industry is the major contributor to CO2 emissions. Greenhouse gas emissions have significantly increased in recent years. The building sector is responsible for around 40% of the total energy consumption and carbon emissions across many developed economies. Therefore, the expansion of the construction industry across the globe is anticipated to result in growing environmental issues. However, unlike concrete, cross laminated timber offers several environmental benefits. It outperforms both steel and concrete in terms of energy, water, and air pollution. Carbon storage is an important component of building with CLT. CLT products are also characterized by superior performance in terms of the generation of job site waste. Since most of the CLT panels are pre-fabricated, there is minimal waste generation on the site. In addition, manufacturers re-use scrap for the fabrication of stairs or other prefabricated components. The proven strength, cost competitiveness, and structural performance provided by CLT are expected to increase opportunities for the product to expand applications in the construction of industrial buildings, recreational centers, multi-family homes, and educational institutes.

Restraint: Potential problems related to CLT construction

CLT structures fail to achieve the level of sound insulation that is offered by concrete or other masonry owing to lesser density. In addition, timber constructions are exposed to condensation occurring on the surface or interstitial condensation occurring between the layers of the building envelope. This condensation occurs owing to the dispersion of air passing from the warm interior of the building to the cool façade and precipitating within the building fabric. Timber structures are at risk when exposed to higher temperatures as compared to steel and masonry frames. In addition, there is an increased risk of fire if timber structures are installed incorrectly. Furthermore, external timber structures tend to rot if not maintained properly. If the structure is not well protected and heated and if the moisture content in the structure exceeds 20%, there is a high risk of infestation. Many of the species that cause most of the damage are expected to only attack newly felled timber or hardwood.

What Does This Report Include?

This section will provide insights into the contents included in this cross laminated timber market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Cross laminated timber market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Cross laminated timber market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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