China Cross Laminated Timber Market Size & Outlook
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China cross laminated timber market highlights
- The China cross laminated timber market generated a revenue of USD 83.1 million in 2022 and is expected to reach USD 250.7 million by 2030.
- The China market is expected to grow at a CAGR of 14.8% from 2023 to 2030.
- In terms of segment, adhesive bonded cross laminated timber was the largest revenue generating product in 2022.
- Mechanically Fastened Cross Laminated Timber is the most lucrative product segment registering the fastest growth during the forecast period.
Cross laminated timber market data book summary
| Market revenue in 2022 | USD 83.1 million |
| Market revenue in 2030 | USD 250.7 million |
| Growth rate | 14.8% (CAGR from 2022 to 2030) |
| Largest segment | Adhesive bonded cross laminated timber |
| Fastest growing segment | Mechanically Fastened Cross Laminated Timber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adhesive Bonded Cross Laminated Timber, Mechanically Fastened Cross Laminated Timber |
| Key market players worldwide | Stora Enso Oyj Ordinary Shares - Class R, Mayr-Melnhof Karton AG, Sterling Check Corp, Mercer International Inc, Binderholz, XLam, Schilliger Holz, KLH Massivholz, B&K Structures, SmartLam North America, Eugen Decker, Meiken Kogyo |
Other key industry trends
- In terms of revenue, China accounted for 7.1% of the global cross laminated timber market in 2022.
- Country-wise, Austria is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cross laminated timber market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 60.4 million by 2030.
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Cross Laminated Timber Market Scope
Cross Laminated Timber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Meiken Kogyo | View profile | 251-500 | Okayama, Okayama, Japan, Asia | https://www.meikenkogyo.com |
| Eugen Decker | View profile | 1-10 | Morbach, Rheinland-Pfalz, Germany, Europe | https://www.eugen-decker.de |
| SmartLam North America | View profile | 51-100 | Columbia Falls, Montana, United States, North America | https://www.smartlam.com/ |
| B&K Structures | View profile | 251-500 | Derby, Derby, United Kingdom, Europe | https://www.bkstructures.co.uk |
| KLH Massivholz | View profile | 101-250 | Teufenbach, Steiermark, Austria, Europe | https://www.klh.at |
| Schilliger Holz | View profile | 51-100 | Udligenswil, Luzern, Switzerland, Europe | https://www.schilliger.ch/ |
| XLam | View profile | 101-250 | Melbourne, Victoria, Australia, Oceania | https://www.xlam.co.nz/ |
| Binderholz | View profile | 1001-5000 | Fugen, Tirol, Austria, Europe | https://www.binderholz.com/ |
| Sterling Check Corp | View profile | 5700 | 6150 Oak Tree Boulevard, Suite 490, Independence, OH, United States, 44131 | https://www.sterlingcheck.com |
| Mayr-Melnhof Karton AG | View profile | 14865 | Brahmsplatz 6, Vienna, Austria, A-1040 | https://www.mm.group |
| Stora Enso Oyj Ordinary Shares - Class R | View profile | 20000 | P.O. Box 309, Helsinki, Finland, FI-00101 | https://www.storaenso.com |
| Mercer International Inc | View profile | 3508 | 700 West Pender Street, Suite 1120, Vancouver, BC, Canada, V6C 1G8 | https://www.mercerint.com |
China cross laminated timber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cross laminated timber market will help companies and investors design strategic landscapes.
Adhesive bonded cross laminated timber was the largest segment with a revenue share of 90.25% in 2022. Horizon Databook has segmented the China cross laminated timber market based on adhesive bonded cross laminated timber, mechanically fastened cross laminated timber covering the revenue growth of each sub-segment from 2018 to 2030.
Cross laminated timber market in China is expected to accelerate at a significant rate in the forecasted years till 2030. China witnessed rapid growth in urbanization and industrialization in the 20th century. Since the late 90s, the government of 5 China has been investing heavily in fixed assets. The rising urbanization has led to increasing investments in transport systems, ports, roadways, and mega factories.
The policymakers in the country have been promoting the construction of green buildings and renovation of existing buildings since they anticipate that rapid urbanization in the country is expected to cause a rise in energy usage of up to 40% over the next 15 years.
In 2021 as a part of the initiatives undertaken in the country to encourage high-quality growth of green building in both, urban and rural areas. This is anticipated to positively influence the demand for cross laminated timber in China during the forecast period.
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Target buyers of China cross laminated timber market databook
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Our clientele includes a mix of cross laminated timber market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into China cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cross laminated timber market size, by product, 2018-2030 (US$M)
China Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
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