IMARC Group, a leading market research company, has recently releases report titled “Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global cross-laminated timber market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the cross-laminated timber market?

What is Cross-laminated timber?

Cross-laminated timber (CLT) is an innovative engineered wood product that is gaining popularity as a sustainable alternative to traditional building materials. It is created by stacking and gluing multiple layers of dimensioned lumber boards at right angles to each other. The resulting solid panel provides exceptional strength, stability, and durability. One of the key characteristics of cross-laminated timber is its structural integrity. The alternating orientation of the wood layers ensures that CLT panels have high load-bearing capacity and can withstand significant forces, thus making them suitable for use in large-scale construction projects. CLT also exhibits excellent fire resistance due to the charring effect that occurs on the surface, thereby providing an inherent level of protection. CLT offers features, such as it is prefabricated off-site, allowing for precise manufacturing and efficient assembly on-site, resulting in reduced construction time and labour costs. CLT also has excellent thermal insulation properties, contributing to energy efficiency in buildings. Cross-laminated timber finds its application in various industries, such as construction and residential.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/cross-laminated-timber-manufacturing-plant/requestsample

What are the growth prospects and trends in the cross-laminated timber industry?

• The increasing demand for sustainable and eco-friendly construction materials represents one of the key factors influencing market growth. In line with this, the steadily expanding construction industry is contributing to the market growth. Moreover, the rising emphasis on reducing carbon footprint in the construction industry is a major growth-inducing factor. The increasing awareness regarding the benefits of using timber as a renewable resource, coupled with high strength-to-weight ratio and structural stability of cross-laminated timber is contributing to the market growth.
• Also, the cost-effectiveness and time-saving advantages of using CLT in construction projects is propelling the market growth of cross-laminated timber. The growing interest in tall timber buildings and mass timber construction is acting as another growth-inducing factor. In addition to this, enhanced fire resistance and safety features offered by CLT, along with flexibility of customization are contributing to the market growth. Furthermore, the preference for natural and aesthetically pleasing building materials and the rising number of collaborations and partnerships between timber manufacturers, architects, and builders to promote the use of CLT are leading the market toward growth.
• The market is also being driven by favorable government regulations and incentives promoting the use of renewable materials in construction, which, in turn, is propelling market growth. Significant infrastructural development in various countries is also contributing to the market growth. Other factors, such as the rapidly growing population and the steadily expanding residential sector, particularly in emerging economies, along with an enhanced focus on green building initiatives, escalating environmental consciousness among individuals, the increasing consumer expenditure on housing and interior décor, and the rising demand for clean labels and natural certification of construction materials, are creating a positive outlook for the market further across the globe.

Who are the key players operating in the industry?

The report covers the major market players including:

• Stora Enso

• KLH

• Binderholz

• Mayr Melnhof

• Hasslacher

 • XLam Limited

• Sterling Lumber

• Shilliger Holz AG

• Eugen Decker Holzindustrie KG

• Structurlam

• SmartLam

• Meiken Lamwood Corp.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Application:

• Residential• Educational Institutes• Government/Public Buildings• Commercial Spaces

Breakup by Product Type:

• Custom CLT• Blank CLT

Breakup by Element Type:

• Wall Panels• Flooring Panels• Roofing Slabs• Others

Breakup by Raw Material Type:

• Spruce• Pine• Fir• Others

Breakup by Bonding Method:

• Adhesively Bonded• Mechanically Fastened

Breakup by Panel Layers:

• 3-Ply• 5-Ply• 7-Ply• Others

Breakup by Adhesive Type:

• PUR (Polyurethane)• PRF (Phenol Resorcinol Formaldehyde)• MUF (Melamine-Urea-Formaldehyde)• Others

Breakup by Press Type:

• Hydraulic Press• Vacuum Press• Pneumatic Press• Others

Breakup by Storey Class:

• Low-Rise Buildings (1-4 Storeys)• Mid-Rise Buildings (5-10 Storeys)• High-Rise Buildings (More than 10 Storeys)

Breakup by Application Type:

• Structural Applications• Non-Structural Applications

Breakup by Region:

• North America (United States, Canada)• Europe (Germany, France, United Kingdom, Italy, Spain, Others)• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)• Latin America (Brazil, Mexico, Others)• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=602&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com