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Global Mechanically Fastened Cross Laminated Timber Market – Industry Trends and Forecast to 2029

Chemical and Materials

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Global Mechanically Fastened Cross Laminated Timber Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Mechanically Fastened Cross Laminated Timber Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 55.20 USD Million
Diagram Market Size (Forecast Year) USD 77.31 USD Million
Diagram CAGR %

Major Markets Players

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Global Mechanically Fastened Cross Laminated Timber Market, By Application (Walls, Ceilings, Roof Structures, Beams), End Users (Residential, Institutional, Industrial, Commercial) – Industry Trends and Forecast to 2029.

Mechanically Fastened Cross Laminated Timber Market

Mechanically Fastened Cross Laminated Timber Market Analysis and Size

The advanced design flexibility and quicker implementation techniques are expected to significantly boost the market over the forecasted period. The reduced costs due to the manufacturing procedures without the use of adhesives and press machines and the reduced requirements of skilled workers for operating the procedure is also a factor boosting the growth of the market over the forecasted period.

Global mechanically fastened cross-laminated timber market was valued at USD 55.20 million in 2021 and is expected to reach USD 77.31 million by 2029, registering a CAGR of 4.30% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Mechanically Fastened Cross Laminated Timber Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Application (Walls, Ceilings, Roof Structures, Beams), End Users (Residential, Institutional, Industrial, Commercial)

Countries Covered

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

Market Players Covered

ante-Group (Germany), Stora Enso (Finland), KLH Massivholz GmbH (Austria), Binderholz (Austria), Mayr-Melnhof Holz Holding AG (Austria), HASSLACHER Holding GmbH (Austria), Structurlam Mass Timber Corporation (Canada), Eugen Decker & WebMan (Germany), Sterling Lumber. (U.S.), W. u. J. Derix GmbH & Co. (Germany), Canfor (Canada), SCHILLER (Switzerland), Buckland Timber (U.K.), FFOREST TIMBER ENGINEERING LTD (U.K.)

Market Opportunities

  • Growing demand for eco-friendly solutions
  • Significant investments in research and development activities

Market Definition

Cross laminated timber is mainly used in the construction of commercial and residential buildings. Most constructions in the industrial and residential areas consume wooden-based raw materials to secure green solutions and outcomes. The mechanically fastened timber provides enhanced overall thermal performance and durability of the construction techniques.

Global Mechanically Fastened Cross Laminated Timber Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Numerous Benefits Of Cross Laminated Timber

Wooden based timber is an environmentally sustainable finish with the appearance of real wood and laminated finish. Cross laminated timber is biodegradable and sustainable and are readily being used in the green buildings. The cross laminated timber enables attractive design because of the hybrid construction which enables the transition to modern build technology. Cost savings are also enables due to the short duration required for building. The lightweight factor also provides seismic performance to the consumer due to its material properties. All these beneficiary factors are driving the growth of the market over the forecasted period.

  • Rising Urbanisation and Income

The mechanically fastened cross laminated timber are extensively used across construction industries. They are widely used in the building and construction sector to shield structures from any damage from the outside. Additionally, the product is applied in a number of ways to decorate infrastructure and buildings, both residential and non-residential, as well as industrial machinery, industrial wood, and other things. The expansion of end use industries coupled with the increase in urbanization and population, will further propel the growth rate of mechanically fastened cross laminated timber market. Additionally, the rapid urbanization and industrialization in emerging countries, such as India, China, and Southeast Asia, will drive market value growth.

Opportunities

  • Regulations Boosting Demand for VOC-free Coatings

The favorable initiatives by government associated with environmental regulations to increase demand for greener solutions, will further extend profitable opportunities to the market players. The European Commission and other federal government agencies create new laws and regulations, such as the Eco-product Certification Scheme (ECS). These regulations guarantee low or no harmful emissions and a green and sustainable environment. In order to produce more environmentally friendly coatings, these regulations incentivize companies to invest in bio-based raw materials. Government regulations in the US and Western Europe, especially air pollution, will continue to support the use of cutting-edge, low-pollution technology.

Restraints/Challenges

  • Stringent Approval Process

The manufacturers must enhance their manufacturing and production processes per the regulatory policies imposed by various governments. These stringent policies further result in more time for approval, which will create hindrances for the growth of the mechanically fastened cross laminated timber market.

  • Fluctuations in Raw Material Prices

The inconsistent raw material prices have a direct negative impact on the overall market’s growth. As a result, these fluctuations will pose as a major challenge the mechanically fastened cross laminated timber market growth rate.

This mechanically fastened cross laminated timber market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the mechanically fastened cross laminated timber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Mechanically Fastened Cross Laminated Timber Market

The recent outbreak of coronavirus had a negative impact on the mechanically fastened cross laminated timber market. Due to the lockdown restrictions, it seriously damaged the market due to the disruption of production activities and supply chains across the chemical industries. The market faced disruption in supply chains, lesser availability of workforce, fluctuations in prices and availability of raw materials, which hampered the market largely. However, with the gradual upliftment of restriction and restoration of business operations, the overall industry is expected to grow steadily. Also, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and canceled operations will continue, and the market is estimated to expand.

Recent developments

  • In 2020, Mayor Melnhof Holdings AG announced an investment of approximately USD 145 million to build a modern CLT manufacturing plant at Leoben, Austria. The company set to strengthen its integration procedures and solidify its position in the European timber industry.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Mechanically Fastened Cross Laminated Timber Market Scope

The mechanically fastened cross laminated timber market is segmented on the basis of application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

  • Walls
  • Ceilings
  • Roof Structures
  • Beams

End Users

Mechanically Fastened Cross Laminated Timber Market Regional Analysis/Insights

The mechanically fastened cross laminated timber market is analyzed and market size insights and trends are provided by application and end users as referenced above.

The countries covered in the mechanically fastened cross laminated timber 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.

Europe dominates the market in terms of market share and market revenue and will continue to flourish its dominance due to the green building solutions movement initiated within the region.

North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the highest demands of the product along with the major application within the regions.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Mechanically Fastened Cross Laminated Timber Market Share Analysis

The mechanically fastened cross laminated timber 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 mechanically fastened cross laminated timber market.

Some of the major players operating in the mechanically fastened cross laminated timber market are

  • ante-Group (Germany)
  • Stora Enso (Finland)
  • KLH Massivholz GmbH (Austria)
  • Binderholz (Austria)
  • Mayr-Melnhof Holz Holding AG (Austria)
  • HASSLACHER Holding GmbH (Austria)
  • Structurlam Mass Timber Corporation (Canada)
  • Eugen Decker & WebMan (Germany)
  • Sterling Lumber. (U.S.)
  • W. u. J. Derix GmbH & Co. (Germany)
  • Canfor (Canada)
  • SCHILLER (Switzerland)
  • Buckland Timber (U.K.)
  • FFOREST TIMBER ENGINEERING LTD (U.K.)


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FREQUENTLY ASK QUESTIONS

The Mechanically Fastened Cross Laminated Timber Market is projected to grow at a CAGR of 4.30% during the forecast period by 2029.
The future market value of the Mechanically Fastened Cross Laminated Timber Market is expected to reach USD 77.31 million by 2029.
The major players in the Mechanically Fastened Cross Laminated Timber Market are ante-Group (Germany), Stora Enso (Finland), KLH Massivholz GmbH (Austria), Binderholz (Austria), Mayr-Melnhof Holz Holding AG (Austria), HASSLACHER Holding GmbH (Austria), Structurlam Mass Timber Corporation (Canada), etc.
The countries covered in the Mechanically Fastened Cross Laminated Timber Market 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, etc.
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