San Francisco, 05 March, Cross
Laminated Timber Market Analysis, By Type (Adhesive Bonded and Mechanically
Fastened), By Region (North America, Europe, Asia Pacific, South & Central
America, MEA), And Segment Forecasts 2018 – 2025.
The global cross laminated timber market is expected to be valued
at USD 2.07 billion by 2025, according to a new report by Grand View Research,
Inc. Rising awareness about the environmental hazards caused by the use of
cement concrete in infrastructure construction coupled with rising number of
cross laminated timber manufacturers and increasing demand for green homes are
factors propelling the market growth.
The shift from concrete-based
construction to wood-based construction along with supportive government
initiatives around the world are positively influencing the market. In
addition, decreasing overall cost of CLT construction owing to the increasing
number of suppliers and shorter construction time is responsible for rise in
demand.
The demand for wooden
residential buildings, such as single-family homes and multifamily apartments,
is increasing due to their aesthetic appeal and design flexibility. The
improved fire resistance quality and earthquake-proof offered by cross
laminated timber structure are expected to augment the market growth over the
forecast period.
Institutional and commercial
segments are expected to collectively account for 46.9% of the global market in
2025. The demand for these segments is attributed to low cost of construction
and easy maintenance of cross laminated timber structures. Innovations in
building and designing technologies are projected to boost the demand for cross
laminated timber products over the forecast period.
Europe is the leading region
owing to the early adoption of cross laminated timber and research &
development on CLT technologies by countries such as Austria and Germany. The
availability of timber from the forests of central European countries and
advanced timber processing industries are the leading cause for market growth
in the region. Countries like Canada, the U.S., New Zealand, Japan, and China
in the North American and Asia Pacific regions are also rapidly developing
markets for cross laminated timber.
Access Full Research Report
On Cross
Laminated Timber Market Analysis:
Further key findings from the report suggest
·
In terms of volume, the market
is expected to grow at a CAGR of 15.1% from 2017 to 2025 on account of
increasing awareness about sustainable housing. Residential segment is expected
to witness the fastest growth rate of 15.4%, in terms of revenue, from 2017 to
2025 owing to high product demand in developed countries.
·
North America was valued at USD
65 million in 2016 and is expected to witness significant development on
account of rising demand from educational institutions and residential builders
·
Key participants include Stora
Enso, Mayr-Melnhof Holz, Binderholz, XLam Ltd., Sterling Lumber, Schilliger
Holz AG, KLH Massivholz GmbH, B & K Structures, Eugen Decker Holzindustrie
KG, Structurlam, SmartLam, and Meiken Lamwood Corp. These companies are focused
on increasing their production capacity to fulfill the worldwide massive
product demand.
·
In 2016, Stora Enso invested
approximately USD 900 million to setup a plant in Guanxi, China, to strengthen its
presence in the Asia Pacific region
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/green-building-materials
Grand View Research has segmented the cross
laminated timber market on the basis of product and region:
Cross Laminated Timber Product
Outlook (Revenue, USD Million; 2014 - 2025)
·
Adhesive Bonded
·
Mechanically Fastened
Cross Laminated Timber Regional
Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
The U.S.
o
Canada
o
Mexico
·
Europe
o
Austria
o
Germany
o
Switzerland
o
Italy
o
Rest of Europe
·
Asia Pacific
o
New Zealand
o
China
o
Japan
o
Rest of Asia Pacific
·
South & Central America
·
The Middle East and Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-cross-laminated-timber-market
https://www.grandviewresearch.com/press-release/global-cross-laminated-timber-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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