Cross Laminated Timber (CLT) Industry Size

Cross Laminated Timber (CLT) Market worth $2.5 billion by 2027

The report "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" 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. Due to the adaptation of the new International Building Code 2021, the application of timber-based construction is expected to increase in non–residential segments such as low-rise and mid-rise buildings, majorly not more than eight stories such as schools, offices, and other public places. In the US, timber is majorly used in the residential segment but due to the introduction of the new international building code, use in the non-residential segment is expected to increase. High-rise buildings are expected to be constructed utilizing timber. These factors are expected to boost the demand for cross laminated timber.

Browse 114 market data Tables and 35 Figures spread through 131 Pages and in-depth TOC on "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"
View detailed Table of Content here -

The non-residential segment is expected to account for the largest share of the cross laminated timber market, by industry, during the forecast period, in terms of value and volume.

The construction of buildings impacts the environment, including the consumption of water and electricity. Construction companies have higher demand for CLT for non-residential spaces due to the mechanical characteristics, stiffness, and esthetic properties offered. The non-residential construction sector offers significant opportunities for CLT due to the benefits in design and meeting environmental regulations that are required in the office, public, institutional, and hospitality segments. Thus, the non-residential sector offers significant opportunities and is expected to account for a major share of the market in future.

Structural segment is expected to account for the largest share of in the cross laminated timber market, by end-use, during the forecast period, in terms of value and volume.

Structural grade CLTs are utilized in engineering construction. Commercial buildings are currently the key users of structural grade CLTs. The use of wooden floor beams has increased due to the rise in new construction and renovation activities across the world. In addition to this, the rising trend of eco-friendly homes is driving the market. Design flexibility, thermal properties, fire protection, acoustic performance, and seismic performance are all advantages of structural CLT. As the residential market needs to change over time, design flexibility is critical when evaluating constructions and their uses and purposes.

Europe cross laminated timber market is projected to register the largest market share during the forecast period.

Europe is projected to account for the largest market share during the forecast period due to increased demand for sustainable residential structures. Consumer demand for upmarket residences is expected to rise, which is expected to boost overall market growth. As per European Union statistics, countries such as Sweden and Germany utilize 84 percent and 20 percent respectively prefabricated materials in the construction of homes, which are majorly made of wood. By 2025, approximately 600,000 new homes are expected to be constructed in Sweden and 300,000 in Germany to meet the increasing demand from the rising urban population.

Major players operating in the global cross laminated timber market include 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).

Don’t miss out on business opportunities in Cross Laminated Timber (CLT) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Cross Laminated Timber (CLT) Market Size,  Share & Growth Report
Report Code
BC 8082
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Cross Laminated Timber (CLT) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2023 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets