Cross Laminated Timber (CLT) Market

Cross Laminated Timber (CLT) Market Size by Type (Adhesive bonded, Mechanically fastened), End-use (Structural, Non-structural), Industry (Residential, Non-residential) and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2027

Report Code: BC 8082 Apr, 2022, by marketsandmarkets.com

[131 Pages Report] The global cross laminated timber market size was USD 1.1 billion in 2021 and is projected to grow at a CAGR of 14.5% during the forecast period to reach USD 2.5 billion by 2027. Advanced design flexibility and quicker implementation methods in manufacturing of cross laminated timbers are expected to drive the market.

Cross Laminated Timber (CLT) Market

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COVID-19 Impact on the Global Cross laminated timber Market

According to our primary respondents, the impact of the COVID-19 pandemic is expected to minimize by the end of 2022. Growth of the market is majorly attributed to companies rearranging their operations and recovering from the impact of COVID-19, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities resulting in operational challenges.

Cross laminated timber Market Dynamics

Driver: Increasing urban population

The increasing urban population is indirectly driving the market for cross laminated timber. There is a population shift from rural to urban areas in the Asia Pacific region. According to United N

ation’s ESCAP, the population in the Asia Pacific region is expected to reach 5.1 billion by 2050, of which, urban population is expected to account for a minimum 64% share. Furthermore, the increase in living standards is expected to lead to the high demand for improved products for construction such as prefabricated construction; this is expected to propel the demand for cross laminated timber in Asia, as it is easy to build: it is a flat, huge, and a large-scale element that enables designs similar to those of concrete along with various advantages such as that it is renewable, sustainable, lighter, faster, and others.

Restraint: Barriers to design and demand for CLT

Apart from the code restrictions on heights of timber buildings, CLT is more expensive than steel or concrete. The shortage of skilled professionals is also a major hurdle as lack of training of architects and planners in timber construction is expected to restrict market growth.

The CLT industry is facing restrictions on the use of CLT structures in high-rise multi-family housing due to design complexions.

Opportunity: Attractive design due to hybrid construction enabling new approach to building technology

Cross laminated timbers are sustainable and are utilized in green buildings. CLT does not replace current timber products, but it does open up new markets (high-rise buildings). Significant volumes of waste wood are prepared for practical use (sideboards). CLT enables attractive design due to the hybrid construction which enables a gradual transition to new building technology. Cost savings are enabled due to the shorter duration required for building and the requirement of fewer workers. CLT is lightweight relative to concrete or steel and provides improved seismic performance due to its material properties.

Challenge: Long lead times by cross laminated timber suppliers during high season

To fulfil rising demand, mass wood manufacturing capacity is required to be significantly increased. A new generation of firms with potentially insufficient experience may enter the cross laminated timber sector. Planning in logistics and the storage of construction materials and control are crucial, requiring just-in-time delivery of bulk wood materials and panels planned for sequencing in installation in a project. Building regulations are being continuously updated (e.g., Eurocode 5 - Design of timber structures) leading to new challenges for the market.

The demand for mechanically fastened of the type segment is projected to grow in the cross laminated timber market  during the forecast period

North America is fastest-growing market for mechanically fastened segment. Mechanically fastened CLT manufacturing is more complicated than adhesive bonded CLT production owing to the necessity for highly experienced workers to operate the fastening machinery. The risk of raw material waste is also high as poor screw application at one point can cause issues throughout the assembly. Regardless of the difficulties, the market for mechanically fastened CLT is likely to rise due to environmental concerns about the use of adhesives made from petrochemicals and other hazardous components. Additionally, mechanically fastened timber is easy to modify, which offers new market opportunities.

The demand for non-structural of the end-use segment is projected to grow in the cross laminated timber market  during the forecast period

The growing building & construction sector, particularly urban residential housing, renovation, and remodeling, is expected to directly impact the non-structural en-use. The growth in demand for mass timber products is a fundamental disruption and is expected to substitute conventional concrete-and-steel products for building design and construction.

The cross laminated timber market in North America is projected to be the fastest-growing market during the forecast period, in terms of value and volume.

Based on region, North America is projected to be the fastest growing market during the forecast period. The market for cross laminated timber in North America is driven by technological advancements in the construction industry. The US is projected to be the largest consumer of cross laminated timber products and accounted for the largest market share, in terms of value as well as volume, among the countries in the North American region. The Pacific Northwest, Northeast, and Southeastern US, which have consistently been prominent in the production of wood products, are expected to have an increasing number of cross laminated timber manufacturers, with certain companies planning on capacity additions.

Cross Laminated Timber (CLT) Market by Region

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Key Market Players

Mayr-Melnhof Holz (Austria), Stora Enso (Finland), Binderholz Gmbh (Austria), Eugen Decker Holzindustrie KG (Germany), Hasslacher Holding GMBH (Austria), Schilliger Holz AG (Switzerland), KLH Massivholz GmbH (Austria), Structurlam (Canada), Xlam NZ LIMITED (New Zealand), Pfeifer Holding GmbH (Austria), Lion Lumber (Illinois), and Smartlam NA (US) are some of the players operating in the global cross laminated timber market.

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Scope of the Report

Report Metric

Details

Years considered for the study

2020–2027

Base year

2021

Forecast period

2022–2027

Units considered

Value (USD Million) and Volume (Thousand Cubic Meter)

Segments

Type, Industry and End-use

Regions

Asia Pacific (APAC), Europe, North America, and Rest of the World

Companies

Mayr-Melnhof Holz (Austria), Stora Enso (Finland), Binderholz Gmbh (Austria), Eugen Decker Holzindustrie KG (Germany), Hasslacher Holding GMBH (Austria), Schilliger Holz AG (Switzerland), KLH Massivholz GmbH (Austria), Structurlam (Canada)

Based on type:

  • Adhesive Bonded
  • Mechanically Fastened

Based on Industry:

  • Residential
  • Non-residential

Based on end-use:

  • Structural
  • Non-structural

Based on the region:

  • Asia Pacific
  • North America
  • Europe
  • Rest of the World

Recent Developments

  • In December 2021, Mayr-Melnhof Holz Holding Firm entered an agreement to buy the Swedish sawmill group Bergkvist Siljan. This maintains the Austrian wood processing group's steady expansion and growth plan.
  • In October 2021, Stora Enso planned to invest USD 114.76 million to boost board production at its Skoghall facility in Sweden. Simultaneously, Stora Enso is starting a feasibility study to convert the second, presently idle, line at its Oulu, Finland, location to a packaging board line.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 MARKET SCOPE
                    FIGURE 1 MARKET SEGMENTATION
    1.3 YEARS CONSIDERED FOR THE STUDY
    1.4 MARKET INCLUSIONS AND EXCLUSIONS
           1.4.1 MARKET INCLUSIONS
           1.4.2 MARKET EXCLUSIONS
    1.5 CURRENCY
    1.6 UNIT CONSIDERED
    1.7 STAKEHOLDERS
    1.8 LIMITATIONS

2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA
          FIGURE 2 CROSS LAMINATED TIMBER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary data sources
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 3 CROSS LAMINATED TIMBER MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: CROSS LAMINATED TIMBER MARKET
                    FIGURE 5 CROSS LAMINATED TIMBER MARKET, BY REGION
                    FIGURE 6 CROSS LAMINATED TIMBER MARKET BY INDUSTRY
           2.2.2 BOTTOM-UP APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH BY APPLICATION
    2.3 MARKET FORECAST APPROACH
           2.3.1 SUPPLY SIDE FORECAST
           2.3.2 DEMAND SIDE FORECAST PROJECTION
    2.4 FACTOR ANALYSIS
    2.5 DATA TRIANGULATION
          FIGURE 8 CROSS LAMINATED TIMBER MARKET: DATA TRIANGULATION
    2.6 ASSUMPTIONS
    2.7 RISK ANALYSIS ASSESSMENT
    2.8 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 36)
    TABLE 1 CROSS LAMINATED TIMBER MARKET, 2021 VS. 2027
    FIGURE 9 ADHESIVE BONDED TO BE LARGER SEGMENT IN CROSS LAMINATED TIMBER MARKET
    FIGURE 10 NON-RESIDENTIAL INDUSTRY TO GROW AT HIGHER CAGR
    FIGURE 11 NORTH AMERICA TO BE FASTEST-GROWING CROSS LAMINATED TIMBER MARKET
    TABLE 2 KEY MARKET PLAYERS

4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE OPPORTUNITIES IN CROSS LAMINATED TIMBER MARKET
          FIGURE 12 CROSS LAMINATED TIMBER MARKET TO REGISTER ROBUST GROWTH BETWEEN 2022 AND 2027
    4.2 CROSS LAMINATED TIMBER MARKET, BY TYPE
          FIGURE 13 ADHESIVE BONDED SEGMENT TO LEAD MARKET GROWTH
    4.3 CROSS LAMINATED TIMBER MARKET, DEVELOPED VS. EMERGING COUNTRIES
          FIGURE 14 MARKET IN EMERGING COUNTRIES TO GROW AT FASTER RATE THAN THAT IN DEVELOPED COUNTRIES
    4.4 EUROPE CROSS LAMINATED TIMBER MARKET, BY INDUSTRY AND COUNTRY
          FIGURE 15 RESIDENTIAL SEGMENT AND GERMANY ACCOUNTED FOR LARGEST SHARE IN 2021
    4.5 CROSS LAMINATED TIMBER MARKET, BY COUNTRY
          FIGURE 16 MARKET IN US TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CROSS LAMINATED TIMBER MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand from building & construction sector
                    5.2.1.2 Increasing urban population
                    5.2.1.3 Renovations and remodeling
                    5.2.1.4 Rising demand from North American region
           5.2.2 RESTRAINTS
                    5.2.2.1 Barriers to design and demand for cross laminated timber
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Attractive design due to hybrid construction enabling new approach to building technology
                    5.2.3.2 Rising opportunities in timber-based construction industry
           5.2.4 CHALLENGES
                    5.2.4.1 Long lead times by cross laminated timber suppliers during high season
    5.3 PORTER'S FIVE FORCES ANALYSIS
          FIGURE 18 PORTER'S FIVE FORCES ANALYSIS: CROSS LAMINATED TIMBER MARKET
          TABLE 3 CROSS LAMINATED TIMBER MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.3.1 INTENSITY OF COMPETITIVE RIVALRY
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 THREAT OF NEW ENTRANTS
    5.4 MACROECONOMIC INDICATORS
           5.4.1 INTRODUCTION
           5.4.2 GDP TRENDS AND FORECAST
                    TABLE 4 GDP TRENDS AND FORECAST, PERCENTAGE CHANGE
    5.5 OPERATIONAL DATA AND KEY INDUSTRY TRENDS
           5.5.1 TRENDS AND FORECASTS FOR BUILDING & CONSTRUCTION INDUSTRY
                    FIGURE 19 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2017–2025
    5.6 PATENT ANALYSIS
           5.6.1 METHODOLOGY
           5.6.2 PUBLICATION TRENDS
                    FIGURE 20 PUBLICATION TRENDS, 2017–2021
           5.6.3 INSIGHTS
           5.6.4 JURISDICTION ANALYSIS
    5.7 MASS TIMBER ECOSYSTEM
           5.7.1 YC AND YCC SHIFT
    5.8 INDUSTRY MEGATRENDS
           5.8.1 CROSS LAMINATED TIMBER(CLT)
    5.9 CASE STUDY ANALYSIS
    5.10 STANDARDS
          TABLE 5 CROSS LAMINATED TIMBER

6 CROSS LAMINATED TIMBER MARKET, BY TYPE (Page No. - 53)
    6.1 INTRODUCTION
          FIGURE 21 ADHESIVE BONDED SEGMENT DOMINATES OVERALL CROSS LAMINATED TIMBER MARKET
          TABLE 6 CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 7 CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (THOUSAND CUBIC METERS)
    6.2 ADHESIVE BONDED
           6.2.1 ADHESIVE BONDED CROSS LAMINATED TIMBER WIDELY USED DUE TO ITS SUPERIOR PROPERTIES AND LOW PRODUCTION COST
                    TABLE 8 ADHESIVE BONDED CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 9 ADHESIVE BONDED CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (THOUSAND CUBIC METERS)
           6.2.2 POLYURETHANE (PUR)
           6.2.3 MELAMINE-UREA-FORMALDEHYDE (MUF)
    6.3 MECHANICALLY FASTENED
           6.3.1 NORTH AMERICA IS FASTEST-GROWING MARKET FOR MECHANICALLY FASTENED SEGMENT
                    TABLE 10 MECHANICALLY FASTENED CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 11 MECHANICALLY FASTENED CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (THOUSAND CUBIC METERS)
           6.3.2 SELF-TAPPING SCREWS (STS)
           6.3.3 DOWEL-TYPE FASTENERS

7 CROSS LAMINATED TIMBER MARKET, BY END-USE (Page No. - 59)
    7.1 INTRODUCTION
          FIGURE 22 STRUCTURAL SEGMENT DOMINATES OVERALL CROSS LAMINATED TIMBER MARKET
          TABLE 12 CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (USD MILLION)
          TABLE 13 CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (THOUSAND CUBIC METERS)
    7.2 STRUCTURAL
           7.2.1 CROSS LAMINATED TIMBER HAS HIGH DEMAND IN STRUCTURAL END-USE SEGMENT
                    TABLE 14 STRUCTURAL CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 15 STRUCTURAL CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (THOUSAND CUBIC METERS)
    7.3 NON-STRUCTURAL
           7.3.1 NON-STRUCTURAL TIMBER PANELS FIND UTILITY AS SUBSTITUTES FOR BOLTED MATS
                    TABLE 16 NON-STRUCTURAL CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 17 NON-STRUCTURAL CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (THOUSAND CUBIC METERS)

8 CROSS LAMINATED TIMBER MARKET, BY INDUSTRY (Page No. - 63)
    8.1 INTRODUCTION
          FIGURE 23 NON-RESIDENTIAL SEGMENT TO BE LARGEST INDUSTRY BETWEEN 2022 AND 2027
          TABLE 18 CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (USD MILLION)
          TABLE 19 CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 20 CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL INDUSTRY, 2020–2027 (USD MILLION)
          TABLE 21 CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL INDUSTRY, 2020–2027 (THOUSAND CUBIC METER)
    8.2 RESIDENTIAL
           8.2.1 EVOLUTION OF BUILDING CODES OFFERS OPPORTUNITIES FOR CROSS LAMINATED TIMBER MARKET
                    TABLE 22 CROSS LAMINATED TIMBER MARKET SIZE IN RESIDENTIAL SEGMENT, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 23 CROSS LAMINATED TIMBER MARKET SIZE IN RESIDENTIAL SEGMENT, BY REGION, 2020–2027 (THOUSAND CUBIC METER)
    8.3 NON-RESIDENTIAL
           8.3.1 OPPORTUNITIES OFFERED FOR MASS CONSTRUCTION OF TIMBER BUILDINGS IN FUTURE
                    TABLE 24 CROSS LAMINATED TIMBER MARKET SIZE NON-RESIDENTIAL SEGMENT, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 25 CROSS LAMINATED TIMBER MARKET SIZE IN NON-RESIDENTIAL SEGMENT, BY REGION, 2020–2027 (THOUSAND CUBIC METER)
           8.3.2 PUBLIC
                    TABLE 26 CROSS LAMINATED TIMBER MARKET SIZE IN PUBLIC SEGMENT, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 27 CROSS LAMINATED TIMBER MARKET SIZE IN PUBLIC SEGMENT, BY REGION, 2020–2027 (THOUSAND CUBIC METER)
           8.3.3 INDUSTRIAL
                    TABLE 28 CROSS LAMINATED TIMBER MARKET SIZE IN INDUSTRIAL SEGMENT, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 29 CROSS LAMINATED TIMBER MARKET SIZE IN INDUSTRIAL SEGMENT, BY REGION, 2020–2027 (THOUSAND CUBIC METER)
           8.3.4 OTHERS
                    TABLE 30 CROSS LAMINATED TIMBER MARKET SIZE IN OTHER SEGMENT, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 31 CROSS LAMINATED TIMBER MARKET SIZE IN OTHER SEGMENT, BY REGION, 2020–2027 (THOUSAND CUBIC METER)

9 CROSS LAMINATED TIMBER MARKET, BY REGION (Page No. - 70)
    9.1 INTRODUCTION
          FIGURE 24 NORTH AMERICA PROJECTED TO BE FASTEST-GROWING CROSS LAMINATED TIMBER MARKET DURING FORECAST PERIOD
          TABLE 32 CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
          TABLE 33 CROSS LAMINATED TIMBER MARKET SIZE, BY REGION, 2020–2027 (THOUSAND CUBIC METER)
    9.2 EUROPE
          FIGURE 25 EUROPE: CROSS LAMINATED TIMBER MARKET SNAPSHOT
          TABLE 34 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 35 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 36 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (USD MILLION)
          TABLE 37 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 38 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL, 2020–2027 (USD MILLION)
          TABLE 39 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 40 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (USD MILLION)
          TABLE 41 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 42 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
          TABLE 43 EUROPE: CROSS LAMINATED TIMBER MARKET SIZE, BY COUNTRY, 2020–2027 (THOUSAND CUBIC METER)
           9.2.1 GERMANY
                    9.2.1.1 New developments and investments to boost market growth
           9.2.2 AUSTRIA
                    9.2.2.1 Laminated timber is changing country’s construction industry
           9.2.3 ITALY
                    9.2.3.1 Woodworking industry focusing on modernization
           9.2.4 CZECH REPUBLIC
                    9.2.4.1 Market expected to witness high growth
           9.2.5 FRANCE
                    9.2.5.1 Reviving economy coupled with investments in infrastructure expected to boost demand for cross laminated timber
           9.2.6 SWITZERLAND
                    9.2.6.1 Due to domestic demand for construction Swiss market is maintaining growth
           9.2.7 SWEDEN
                    9.2.7.1 Residential market in Sweden has developed over few years
           9.2.8 UK
                    9.2.8.1 Growing construction sector along with government investments expected to spur market growth
           9.2.9 SLOVAKIA
                    9.2.9.1 Increase in housing units boosts demand for cross laminated timber
           9.2.10 REST OF EUROPE
    9.3 ASIA PACIFIC
          FIGURE 26 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SNAPSHOT
          TABLE 44 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 45 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 46 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (USD MILLION)
          TABLE 47 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 48 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL, 2020–2027 (USD MILLION)
          TABLE 49 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 50 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (USD MILLION)
          TABLE 51 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 52 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
          TABLE 53 ASIA PACIFIC: CROSS LAMINATED TIMBER MARKET SIZE, BY COUNTRY, 2020–2027 (THOUSAND CUBIC METER)
           9.3.1 CHINA
                    9.3.1.1 Significant government investments in infrastructure development leading to growth of construction industry
                                TABLE 54 CHINA’S TOP INFRASTRUCTURE PROJECTS
           9.3.2 AUSTRALIA & NEW ZEALAND
                    9.3.2.1 Government policies to boost demand for cross laminated timber
           9.3.3 JAPAN
                    9.3.3.1 Investments in infrastructural markets by public and private sectors expected to boost demand for cross laminated timber
           9.3.4 REST OF ASIA PACIFIC
    9.4 NORTH AMERICA
          FIGURE 27 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SNAPSHOT
          TABLE 55 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 56 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 57 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (USD MILLION)
          TABLE 58 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 59 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL, 2020–2027 (USD MILLION)
          TABLE 60 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 61 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (USD MILLION)
          TABLE 62 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 63 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
          TABLE 64 NORTH AMERICA: CROSS LAMINATED TIMBER MARKET SIZE, BY COUNTRY, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 65 INFRASTRUCTURE PROJECTS IN NORTH AMERICA
           9.4.1 US
                    9.4.1.1 Presence of major manufacturers fueling market growth
           9.4.2 CANADA
                    9.4.2.1 Construction industry expected to be major contributor to market growth
    9.5 REST OF THE WORLD
          FIGURE 28 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SNAPSHOT
          TABLE 66 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (USD MILLION)
          TABLE 67 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY TYPE, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 68 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (USD MILLION)
          TABLE 69 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY INDUSTRY, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 70 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL, 2020–2027 (USD MILLION)
          TABLE 71 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY NON-RESIDENTIAL, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 72 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (USD MILLION)
          TABLE 73 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY END-USE, 2020–2027 (THOUSAND CUBIC METER)
          TABLE 74 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
          TABLE 75 REST OF THE WORLD: CROSS LAMINATED TIMBER MARKET SIZE, BY COUNTRY, 2020–2027 (THOUSAND CUBIC METER)
           9.5.1 BRAZIL
                    9.5.1.1 Investment Partnership Program promotes private sector participation in infrastructure development
           9.5.2 ARGENTINA
                    9.5.2.1 China-built projects have improved livelihood and created employment opportunities

10 COMPETITIVE LANDSCAPE (Page No. - 93)
     10.1 OVERVIEW
             TABLE 76 OVERVIEW OF STRATEGIES ADOPTED BY KEY CROSS LAMINATED TIMBER PLAYERS (2017-2021)
     10.2 CROSS LAMINATED TIMBER: MARKET SHARE ANALYSIS
             FIGURE 29 CROSS LAMINATED TIMBER: MARKET SHARE ANALYSIS, 2020
             TABLE 77 CROSS LAMINATED TIMBER MARKET SHARE, BY DEGREE OF COMPETITION, 2020
     10.3 REVENUE ANALYSIS
             FIGURE 30 REVENUE ANALYSIS OF TOP TWO PLAYERS, 2018–2020
     10.4 COMPANY EVALUATION QUADRANT MATRIX, 2020
             10.4.1 STAR
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE
             10.4.4 PARTICIPANTS/EMERGING COMPANIES
                        FIGURE 31 CROSS LAMINATED TIMBER MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2020
     10.5 STRENGTH OF PRODUCT PORTFOLIO
             FIGURE 32 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CROSS LAMINATED TIMBER MARKET
     10.6 BUSINESS STRATEGY EXCELLENCE
             FIGURE 33 BUSINESS STRATEGY ANALYSIS OF TOP PLAYERS IN CROSS LAMINATED TIMBER MARKET
     10.7 COMPETITIVE SCENARIO
             10.7.1 MARKET EVALUATION FRAMEWORK
                        TABLE 78 STRATEGIC DEVELOPMENTS, BY COMPANY
                        TABLE 79 MOST FOLLOWED STRATEGIES
                        TABLE 80 GROWTH STRATEGIES ADOPTED, BY KEY COMPANY
             10.7.2 MARKET EVALUATION MATRIX
                        TABLE 81 OVERALL FOOTPRINTS OF COMPANIES
                        TABLE 82 INDUSTRY FOOTPRINT OF COMPANIES
                        TABLE 83 REGION FOOTPRINTS OF COMPANIES
             10.7.3 COMPETITIVE SCENARIOS AND TRENDS
                        TABLE 84 CROSS LAMINATED TIMBER MARKET: DEALS, 2017–2021

11 COMPANY PROFILES (Page No. - 104)
     11.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats) *
             11.1.1 MAYR-MELNHOF HOLZ
                        TABLE 85 MAYR-MELNHOF HOLZ: COMPANY OVERVIEW
                        FIGURE 34 MAYR-MELNHOF HOLZ: COMPANY SNAPSHOT
                        TABLE 86 MAYR-MELNHOF HOLZ: DEALS
             11.1.2 STORA ENSO
                        TABLE 87 STORA ENSO: COMPANY OVERVIEW
                        FIGURE 35 STORA ENSO: COMPANY SNAPSHOT
                        TABLE 88 STORA ENSO: DEALS
                        TABLE 89 STORA ENSO: OTHERS
             11.1.3 BINDERHOLZ GMBH
                        TABLE 90 BINDERHOLZ GMBH: COMPANY OVERVIEW
             11.1.4 EUGEN DECKER HOLZINDUSTRIE KG
                        TABLE 91 EUGEN DECKER HOLZINDUSTRIE KG: COMPANY OVERVIEW
             11.1.5 HASSLACHER HOLDING GMBH
                        TABLE 92 HASSLACHER HOLDING GMBH: COMPANY OVERVIEW
                        TABLE 93 HASSLACHER HOLDING GMBH: DEALS
             11.1.6 SCHILLIGER HOLZ AG
                        TABLE 94 SCHILLIGER HOLZ AG: COMPANY OVERVIEW
             11.1.7 KLH MASSIVHOLZ GMBH
                        TABLE 95 KLH MASSIVHOLZ GMBH: COMPANY OVERVIEW
             11.1.8 STRUCTURLAM
                        TABLE 96 STRUCTURLAM: COMPANY OVERVIEW
                        TABLE 97 STRUCTURLAM: OTHERS
             11.1.9 XLAM NZ LIMITED
                        TABLE 98 XLAM NZ LIMITED: COMPANY OVERVIEW
             11.1.10 PFEIFER HOLDING GMBH
                        TABLE 99 PFEIFER HOLDING GMBH: COMPANY OVERVIEW
     11.2 OTHER KEY COMPANIES
             11.2.1 LION LUMBER
                        TABLE 100 LION LUMBER: COMPANY OVERVIEW
             11.2.2 SMARTLAM NA
                        TABLE 101 SMARTLAM NA COMPANY OVERVIEW
             11.2.3 HOISKO
                        TABLE 102 HOISKO: COMPANY OVERVIEW
             11.2.4 LIGNOTREND
                        TABLE 103 LIGNOTREND: COMPANY OVERVIEW
             11.2.5 B&K STRUCTURES LTD.
                        TABLE 104 B&K STRUCTURES LTD.: COMPANY OVERVIEW
             11.2.6 THEURL AUSTRIAN PREMIUM TIMBER
                        TABLE 105 THEURL AUSTRIAN PREMIUM TIMBER: COMPANY OVERVIEW
             11.2.7 IB EWP INC.
                        TABLE 106 IB EWP INC.: COMPANY OVERVIEW
             11.2.8 NORDIC STRUCTURES
                        TABLE 107 NORDIC STRUCTURES: COMPANY OVERVIEW
             11.2.9 DR JOHNSON WOOD INNOVATIONS
                        TABLE 108 DR JOHNSON WOOD INNOVATIONS: COMPANY OVERVIEW
             11.2.10 PFS CORPORATION
                        TABLE 109 PFS CORPORATION: COMPANY OVERVIEW
             11.2.11 DERIX GROUP
                        TABLE 110 DERIX GROUP: COMPANY OVERVIEW
             11.2.12 DYNEA
                        TABLE 111 DYNEA: COMPANY OVERVIEW
             11.2.13 STRUCTURECRAFT
                        TABLE 112 STRUCTURECRAFT: COMPANY OVERVIEW
             11.2.14 ZάBLIN TIMBER
                        TABLE 113 ZάBLIN TIMBER: COMPANY OVERVIEW
             11.2.15 CROSSLAM AUSTRALIA
                        TABLE 114 CROSSLAM AUSTRALIA: COMPANY OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 126)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities in estimating the current market size of cross laminated timber. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

This research report involves the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the cross laminated timber market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.

Primary Research

The cross laminated timber market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development of the packaging & paper, construction, woodworking, and medical applications. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Cross Laminated Timber (CLT) Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Top-Down Approach

The research methodology (top-down) used to estimate the market size includes the following steps:

  • In the below approach (one of the approaches), the market size has been assessed from the demand side. The global mass timber market size was ascertained to estimate an overall demand for timber in the global market and then, the consumption of different types of laminated timber was ascertained. This helped quantify the overall cross laminated timber market in the global timber market. As per the opinions of industry experts, the market for glulam timber is four to five times that for CLT.
  • The penetration of different industries (residential and non-residential) has been determined through secondary research and by interacting with industry experts.
  • Ascertaining the share of various segments in the overall cross laminated timber market helped understand the market share of cross laminated timber.
  • The cross laminated timber market size was ascertained based on insights provided by industry experts and data obtained from secondary research. The overall market size of cross laminated timber was estimated from the overall mass timber market in terms of value. Then, by dividing the market size (by value) with the average price of cross laminated timber, the volume of the market was estimated.
  • All percentage shares, splits, and breakdowns were determined using secondary research and then verified through interviews with industry experts. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added to detailed inputs and analysis and presented in this report.

Cross Laminated Timber Market Size Estimation: Top-Down Approach

Cross Laminated Timber (CLT) Market Size, and Top-Down Approach

Market Size Estimation: cross laminated timber Market

Cross Laminated Timber (CLT) Market Size, and Top-Down Approach

Cross Laminated Timber Market, By Region

Cross Laminated Timber (CLT) Market Size, and Top-Down Approach

Cross Laminated Timber Market By Industry

Cross Laminated Timber (CLT) Market Size, and Top-Down Approach

Bottom-Up Approach

The bottom-up approach was used to arrive at the overall size of the cross laminated timber market from the revenues of key players in the market in 2021. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market size and individual market sizes were determined and confirmed in this study. The bottom-up approach was implemented to validate the sizes of the market segments in terms of value.

Market Size Estimation: Bottom-Up Approach By Application

Cross Laminated Timber (CLT) Market Size, and Bottom-Up Approach

Market Forecast Approach Supply Side Forecast

Cross Laminated Timber (CLT) Market Size, and Top-Down Approach

Demand-Side Forecast Projection

Cross Laminated Timber (CLT) Market Size, and Top-Down Approach

Factor Analysis

Cross Laminated Timber (CLT) Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size, the market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. In addition, the market was validated using both, the top-down and bottom-up approaches.

Cross Laminated Timber Market: Data Triangulation

Cross Laminated Timber (CLT) Market Size, and Top-Down Approach

Report Objectives

  • To analyze and forecast the cross laminated timber market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the size of the market based on resin type and application
  • To estimate and forecast the market size based on five regions, namely, Asia Pacific (APAC), North America, Europe, and Rest of the World
  • To estimate and forecast the cross laminated timber market at the country-level in each of the regions
  • To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
  • To analyze the competitive developments, such as investment & expansion and merger & acquisition, in the cross laminated timber market
  • To strategically identify and profile the key market players and analyze their core competencies

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • A further breakdown of the cross laminated timber market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
BC 8082
Published ON
Apr, 2022
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