Pune, Dec 05, 2022: MMR has published a report on the Cross Laminated Timber Market on 28th November 2022. As per the “Global Cross Laminated Timber Market” report, the total market was worth USD 1.08 Bn. in 2021 and is expected to reach USD 3.12 Bn. by 2029 at a CAGR of 14.2% during the forecast period.
Cross Laminated Timber Market Report Scope & Research Methodology:
The Cross Laminated Timber Market Report’s competitive landscape provides details by competitor e.g. company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, and product launch. The bottom-up technique has been widely utilized throughout the entire market engineering process, along with multiple data triangulation methodologies, to perform market estimation and forecasting for the overall market segments and sub-segments covered in the report.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.maximizemarketresearch.com/request-sample/65493
Cross Laminated Timber Market Overview:
Cross Laminated Timber (CLT), a prominent building material in Europe and gaining popularity elsewhere, is remarkable for its strength, appearance, adaptability, and sustainability. It is a sustainable material since it is made of wood, a renewable resource (often from reforestation), and the manufacturing process does not require fossil fuels. It has been utilized on big construction sites as infrastructure and support, as forms for concrete bridges, and even as tractor supports during dam construction in difficult terrain. Its remarkable appearance and structural strength have prompted interest in its usage in smaller constructions. CLT components are currently being used in the construction of skyscrapers.
Cross Laminated Timber Market Dynamics:
Recent project developments illustrate mass timber’s ever-expanding potential. The T3 Tower in Minneapolis, the country’s first mass timber office skyscraper, boosted its environmental value by using wood from trees classified as trash as a result of a mountain pine beetle infestation. The industry and the University of California, Berkeley are collaborating to demonstrate how to mill lower-value, small-diameter logs into mass wood panels, which will assist forest regeneration and fire control. To honor its 350th anniversary in 2041, Sumitomo Forestry Company of Japan has planned a 70-story mass wood and steel skyscraper across the Pacific.
Cross Laminated Timber Market Regional Insights:
The APAC CLT market is expected to grow at a CAGR of 6.1% during the forecast period. Wood construction provides exciting opportunities in China; yet, there is a significant supply-demand mismatch between indigenous timber availability and demand. Currently, the bulk of dimension timber used in CLT construction in China is imported. As a result, high transportation and customs fees curtail the CLT’s popularity. Although imported lumber from the international market can help to ease the current problem of wood supply and demand, dependence on imported timber is detrimental to the growth of China’s building sector.
As a result, new materials for CLT manufacture are essential. Bamboo-wood composite CLT, if properly manufactured using bamboo- and wood-based components would be a breakthrough engineered composite product with Chinese characteristics and high strength and aesthetic attributes. NFU (Nanjing Forestry University) and SCLC (Sino-Canada Low-Carbon Technology Research Institute) have earned or jointly submitted many Chinese patents on such commodities
Cross Laminated Timber Market Segmentation:
By Type:
- Adhesive Bonded
- Mechanically Fastened
By Application:
- Residential
- Institutional
- Commercial
- Others
By End-Use:
- Structural
- Non-structural
Cross Laminated Timber Market Key Competitors:
- Stora Enso
- Mayr-MelnhofHolz Holding AG
- Binderholz GmbH
- XLam
- Sterling Company
- SchilligerHolz AG
- KLH Massivholz GmbH
- B&K Structures
- Eugen Decker & WebMan
- Structurlam CLT Corporation
- SmartLam NA
- MEIKEN LAMWOOD Corp
- Hasslacher Holding GMBH
- Ante-Group
- Ed. Züblin AG
- Nordic Structures
- Western Structures, Inc.
- Freres Lumber Co.
- DR Johnson Wood Innovations
- StructureCraft
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.maximizemarketresearch.com/request-sample/65493
Key Questions answered in the Cross Laminated Timber Market Report are:
- What will be the CAGR of the Cross Laminated Timber Market during the forecast period?
- Which are the prominent players in the Cross Laminated Timber Market?
- What key trends are likely to emerge in the Cross Laminated Timber Market during the forecast period?
- What is the expected Cross Laminated Timber Market size by 2029?
- Which company held the largest share of the Cross Laminated Timber Market in 2021?
- Which application segment is expected to emerge as the leading segment in the Cross Laminated Timber Market?
- Which product segment held the largest share of the Cross Laminated Timber Market in 2021?
Maximize Market Research, one of the leading research firms, has also published the following reports:
Shipbuilding Market – The Shipbuilding Market size is expected to reach USD 201.1 Billion by 2029, at a CAGR of 4.4% during the forecast period. Higher demand for cargo transportation via ships, an increase in trade-related agreements, technical developments in marine vessel engines, and the trend of automation in marine transportation are all major drivers leading the shipbuilding industry growth.
Metal Recycling Market – The Metal Recycling Market size is expected to reach USD 103.41 Billion by 2029, at a CAGR of 8.1% during the forecast period. Establishing a scrap metal collecting firm or becoming a scrap metal vendor is a common entry point for entrepreneurs into the metal recycling industry.
Leather Goods Market – The Leather Goods Market size is expected to reach USD 466.04 Billion by 2029, at a CAGR of 6.2% during the forecast period. Demand for leather items is being driven by an increase in the number of High Net Worth individuals, as well as the rising trend of designer and designer clothes in key markets such as the United States, France, and China.
About Maximize Market Research:
Maximize Market Research provides syndicate as well as custom-made business and market B2B and B2C research on 6,500 high-growth emerging technologies and opportunities as well as threats to the companies across the Chemical, Healthcare, Pharmaceuticals, Electronics and Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Maximize Market Research is positioned to estimate and forecast the market size with the competitive landscape of the industries.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: Geeta Yevle
Email: Send Email
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/global-cross-laminated-timber-market/65493/