Global Cross Laminated Timber (CLT) Market, By Raw Materials (Spruce, Fir, Pine, Larch), Press Type (Hydraulic, Vacuum, Pneumatic, Nails), Application (Residential, Commercial, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Cross Laminated Timber (CLT) Market
Cross laminated timber (CLT) market will grow at a rate of 15.15% for the forecast period of 2021 to 2028. Rise in the supportive regulatory environment acts as a vital factor driving the growth of cross laminated timber (CLT) market.
Cross-laminated timber (CLT) is defined as an engineered wood product which is rapidly gaining popularity across the globe as a sustainable alternative to steel construction and concrete in commercial and multi-residential applications. The system comprises of multilayer panels made from solid wood boards stacked crosswise and glued together. The cross-laminated configuration helps in improving dimensional stability, rigidity, and mechanical properties.
Rise in the mass timber demand in North America is the vital factor escalating the market growth, also rise in the residential dwellings construction in Europe, increase in the product penetration in Asia-Pacific, rise in the shift from concrete-based construction to wood-based construction along with increase in the supportive government initiatives are the major factors among others driving the Cross laminated timber (CLT) market. Moreover, rise in the research and development activities in the market and increase in the technological advancements and modernization in the production techniques will further create new opportunities for the laminated timber (CLT) market in the forecast period of 2021- 2028.
However, low awareness in emerging economies is the major factor among others acting as a restraint, and will further challenge the growth of laminated timber (CLT) market in the forecast period mentioned above.
This laminated timber (CLT) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on laminated timber (CLT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Laminated Timber (CLT) Market Scope and Market Size
Laminated timber (CLT) market is segmented on the basis of raw materials, press type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on raw material, the laminated timber (CLT) market is segmented into spruce, fir, pine and larch.
- Based on press type, the laminated timber (CLT) market is segmented into hydraulic, vacuum, pneumatic and nails.
- The laminated timber (CLT) market is also segmented on the basis of application into residential, commercial and industrial.
Laminated Timber (CLT) Market Country Level Analysis
Laminated timber (CLT) market is analysed and market size, volume information is provided by country, raw materials, press type and application as referenced above.
The countries covered in the laminated timber (CLT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the laminated timber (CLT) market due to rise in the repair and renovation activities in the real estate and commercial sector and increase in the supportive government initiatives in this region. Asia-Pacific is the expected region in terms of growth in laminated timber (CLT) market due to rise in the construction industry in the residential, commercial, and industrial sector in this region.
The country section of the laminated timber (CLT) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Laminated Timber (CLT) Market Share Analysis
Laminated timber (CLT) market competitive landscape provides details by competitor. Details included are 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, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laminated timber (CLT) market.
The major players covered in the laminated timber (CLT) market report are ante-Group, Stora Enso, KLH Massivholz GmbH, Binderholz GmbH, Mayr-Melnhof Holz Holding AG, HASSLACHER Holding GmbH, Structurlam Mass Timber Corporation, Ed. Züblin AG, Eugen Decker & WebMan, Sterling Lumber, W. u. J. Derix GmbH & Co and PFEIFER GROUP, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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