Glue Laminated Timber Market To Reach $10.36 Billion By 2030

Glue Laminated Timber Market Growth & Trends

The global glue laminated timber market size is anticipated to reach USD 10.36 billion by 2030, registering a CAGR of 5.0%, according to a new report by Grand View Research, Inc. The global sustainability concerns along with the persistent energy crisis are among the major factors that are expected to propel market growth over the years to come. The transition from concrete- and steel-based construction to wood building materials is set to actuate demand from the market over the next eight years.

Significant attributes such as high insulation, promising thermal performance, as well as high chemical resistance, are projected to influence the market positively. In addition, the advantages such as low cost and ease of construction offered by glulam relative to other building materials have made it affordable for all consumer segments.

The demand for wood-based residential buildings, including single-family homes and multifamily apartments, is increasing due to their aesthetic appeal and design flexibility. Various benefits, such as improved fire resistance and durability, of the product are expected to augment market growth over the forecast period.

Residential and commercial segments are expected to collectively account for around 80% of the global market revenue by 2025. The growing demand from these segments is attributed to the low cost of construction and easy maintenance of glue laminated timber. Innovations in building and design technologies are projected to boost the demand for glulam products over the forecast period.

Asia Pacific is likely to emerge as the leading region owing to the growing popularity of glue laminate as a building material, along with various government regulations. Growing number of manufacturers of the product in North America and growing research & development for technological advancements are expected to propel the market. Easy availability of timber in forests of Central European countries and the presence of advanced timber processing industries are the prime factors responsible for market growth in Europe. Countries like Canada, the U.S., Italy, Japan, Australia, and China are rapidly developing markets for glue laminated timber.

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Glue Laminated Timber Market Report Highlights

• Residential applications led the market and accounted for the largest revenue share of 47.8% in 2023. Customers are shifting to wood-based construction due to its wide-ranging benefits.

• The Asia Pacific glue laminated timber market dominated the global market and accounted for the largest revenue share of 41.9% in 2023.

• North America glue laminated timber market is expected to grow at a CAGR of 5.6% over the forecast period due to its increased use in residential and commercial construction projects.

Glue Laminated Timber Market Segmentation

Grand View Research has segmented the global glue laminated timber market report based on application, and region:

Glue Laminated Timber Application Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

• Others

Glue Laminated Timber Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • Italy

  • France

  • Austria

• Asia Pacific

  • China

  • Japan

  • Australia

• Latin America

  • Brazil

List of Key Players in Glue Laminated Timber Market

• Boise Cascade.

• Western Forest Products.

• PFEIFER GROUP

• Canfor

• Setra Group AB

• Schilliger Holz AG

• Mercer Mass Timber LLC.

• Mayr-Melnhof Holz Holding AG

• Binderholz GmbH

• B & K Structures