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Cross Laminated Timber Market Report
The Cross Laminated Timber Market is Segmented by Raw Material Type (Spruce, Fir, Pine, Larch, and Others), by Press Type (Hydraulic, Vacuum, Pneumatic, Nails, and Others), by Application Type (Residential, Commercial, and Industrial), and by Region ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Cross Laminated Timber Market is likely to witness an impressive CAGR of 15.2% during the forecast period. Growing cognizance about the environmental hazards caused by the use of cement concrete in infrastructure construction coupled with increasing number of cross laminated timber manufacturers and surge in demand for green homes are the major factors fueling the market growth. Furthermore, supportive government initiatives around the world accompanying the shift from concrete-based construction to wood-based construction are positively impacting the market. In addition, as the overall cost of CLT construction is decreasing on account of the increasing number of suppliers and shorter construction time, the growth in demand for cross laminated timbers becomes more pronounced.
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Cross Laminated Timber Market – Snapshot |
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Growth |
15.2% for the next five years |
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Major Raw Material Type |
Spruce |
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Major Press Type |
Hydraulic |
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Region with the highest demand |
North America |
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Key Players |
Stora Enso, KLH, Binderholz, Mayr Melnhof, Hasslacher, XLam Limited, Sterling Lumber, Shilliger Holz AG, Eugen Decker Holzindustrie KG, Structurlam, Smartlam, Meiken Lamwood Corp. |
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Based on the raw material type, the market is segmented as spruce, fir, pine, larch, and others. The spruce segment is expected to witness major share of the market during the forecast period owing to its high usage as raw material by manufacturers. Spruce is widely available in Alpine Europe, where most of the manufacturing plants are situated.
Based on the press type, the market is segmented as hydraulic, vacuum, pneumatic, nails, and others. Hydraulic presses commanded more than 60% of the market share in 2020, and are expected to maintain their incontestable leads during the forecast period as well. Hydraulic presses are most extensively used across CLT manufacturing plants. The growth of the segment can be attributed to the growing demand for CLTs from residential construction and increasing production capacity by major players operating in the business.
In terms of regions, North America is estimated to rule the market for cross laminated timber during the forecast period. The popularity of cross laminated timbers in the North American region is increasing rapidly. Besides, a growing number of tall wooden structures are being established in the region, thus propelling regional production and demand. Growing demand for mass timber in construction will boost the regional growth. Europe and Asia-Pacific are expected to offer appreciable growth opportunities during the forecast period.
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Cross-laminated timber is a wood panel product made by sticking layers of solid sawn lumber. It is a sustainable product with lesser carbon footprint.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Cross Laminated Timber Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The cross laminated timber market is segmented into the following categories.
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Some of the key players in the cross laminated timber market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The cross laminated timber market is expected to witness an impressive growth of 15.2% CAGR in the foreseeable future.
Stora Enso, KLH, Binderholz, Mayr Melnhof, Hasslacher, XLam Limited, Sterling Lumber, Shilliger Holz AG, Eugen Decker Holzindustrie KG, Structurlam, Smartlam, Meiken Lamwood Corp are among the key players in the cross laminated timber market.
North America is expected to rule the cross laminated timber market during the forecast period.
Hydraulic press segment is expected to maintain its lead in the cross laminated timber market in the coming years.
The spruce segment is expected to witness major share in the cross laminated timber market during the next five years.
Cross-laminated timber is a wood panel product made by sticking layers of solid sawn lumber.
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