Glue Laminated Timber Market - By Product Type (Straight Beams, Curved Beams, Arch Beams, Columns, Trusses), By Glue Type (Phenol Formaldehyde, Melamine Urea Formaldehyde, Polyurethane, Epoxy), By Lamination Configuration, By Application & Forecast, 2023 – 2032

Glue Laminated Timber Market Size

Glue Laminated Timber Market size was valued at around USD 3.8 billion in 2022 and is anticipated to grow at a CAGR of 4.1% between 2023 and 2032. Increasing awareness of environmental issues and a growing emphasis on sustainable construction practices have driven the demand for eco-friendly building materials like glue laminated timber. Glulam is considered a sustainable alternative to traditional building materials like steel and concrete. Glulam offers excellent strength-to-weight ratio and structural performance, making it suitable for a wide range of applications in construction, including beams, columns, trusses, and arches.

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Glulam provides unique architectural aesthetics, allowing for the creation of striking and visually appealing structures. Its ability to be curved and shaped into various forms makes it attractive to architects and designers.

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Glulam competes with other building materials, such as steel, concrete, and engineered wood products. The market's success depends on effectively showcasing its advantages over these alternatives. Some segments of the construction industry may have limited awareness of the benefits and applications of glulam. While glulam can be cost-effective in many cases, it might face challenges in competing with conventional materials like steel and concrete, which have well-established supply chains and manufacturing processes. Thus, the high-end pricing and risks associated with Glue laminated timber may drive down the acceptance rate, further hampering the business growth.

COVID-19 Impact

The construction industry, a major end-user of glulam, faced slowdowns and project delays due to the pandemic. Construction sites were temporarily closed or operating with reduced capacity in some regions, impacting the demand for glulam products. The pandemic prompted changes in consumer behavior and preferences, impacting the types of projects and applications that required glulam. For example, demand for certain commercial and office building projects declined, while demand for residential construction may have increased. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the Glue laminated timber industry expansion in the upcoming years.

Glue Laminated Timber Market Trends

Timber construction gained popularity as a sustainable and aesthetically appealing option. Glulam's versatility and strength made it a preferred choice for various timber construction projects, including residential, commercial, and institutional buildings. Engineered timber systems, which combine glulam with other engineered wood products like cross-laminated timber (CLT), gained traction. These systems offered efficient and sustainable solutions for large-scale construction projects. Glulam's ability to be curved and shaped into unique forms allowed architects to create visually striking and innovative structures.  

Glue Laminated Timber Market Analysis

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Based on product, the glue laminated timber market is segmented as straight beams, curved beams, arch beams, columns, trusses, others. Straight beams held a majority market value of USD 0.9 billion in 2022. Straight glulam beams are widely used in structural applications, such as roof beams, floor beams, and columns in commercial and residential buildings. Moreover, an increasing usage will further accelerate the segmental growth.

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Based on glue type, the glue laminated timber market is segmented as Phenol Formaldehyde (PF), Melamine Urea Formaldehyde (MUF), Polyurethane (PUR), Epoxy, Others. Phenol Formaldehyde held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace till 2032. PF glue offers excellent bonding strength, making it suitable for heavy-duty construction applications that require high load-bearing capacity.

Based on lamination configuration, the glue laminated timber market is segmented as Horizontal Lamination, Vertical Lamination, Diagonal Lamination. Horizontal lamination held a dominant market share in 2022 and is anticipated to grow at 3.5% CAGR through 2032. Horizontal laminations provide a simple and effective configuration that ensures structural integrity and strength in glulam beams. Thus, the high-quality services and growing usage of Glue laminated timber are anticipated to expedite the business statistics.

Based on application, the market is segmented as residential construction, commercial construction, industrial construction, bridges and infrastructure, others. Residential Construction held a dominant market share in 2022 and is anticipated to grow up to 2032. Glulam is a sustainable building material that appeals to environmentally conscious homeowners and builders.

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U.S. dominated the North American region with majority glue laminated timber market share and a revenue of USD 0.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The increasing focus on sustainable and eco-friendly construction practices in North America drove the demand for glulam. As a renewable and environmentally friendly material, glulam gained popularity as a sustainable alternative to conventional building materials like steel and concrete. Thus, the above-mentioned variables would augment the Glue laminated timber business growth in the North America positively.

Glue Laminated Timber Market Share

Some of the major market players operating in the Glue laminated timber market are

• Binderholz GmbH (Austria)
• Mayr-Melnhof Holz Holding AG (Austria)
• Stora Enso Oyj (Finland)
• Structurlam Mass Timber Corporation (Canada)
• Boise Cascade Company (United States)
• D.R. Johnson Wood Innovations (United States)
• Meiken Lamwood Corp. (Japan)
• KLH Massivholz GmbH (Austria)
• Pfeifer Group (Austria)
• Setra Group AB (Sweden)
• Holzindustrie Schweighofer (Austria)
• Bergs Timber AB (Sweden)
• Hasslacher Norica Timber (Austria)
• W. u. J. Derix GmbH & Co. KG (Germany)
• Rubner Holzbau GmbH (Italy)

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Glue Laminated Timber Industry News

• In May 2023, Boise Cascade Boise Cascade’s Building Materials Distribution (BMD) business division announced the expansion of its distribution capacity in two markets in Walterboro, SC, and Hondo, Texas.
• In December, 2022, Binderholz announced the collaboration between SWIETELSKY, third largest construction company in Austria.Through this collaboration both the companies are focused on improving their performance, especially in standardized and large-volume residential construction.

Glue laminated timber market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments

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By Product Type

• Straight Beams
• Curved Beams
• Arch Beams
• Columns
• Trusses
• Others

By Glue Type

• Phenol Formaldehyde (PF)
• Melamine Urea Formaldehyde (MUF)
• Polyurethane (PUR)
• Epoxy
• Others

By Lamination Configuration

• Horizontal Lamination
• Vertical Lamination
• Diagonal Lamination

By Application

• Residential Construction
• Commercial Construction
• Industrial Construction
• Bridges and Infrastructure
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt