Cross Laminated Timber (CLT) Market Size - By Raw Materials (Spruce, Fir, Pine, Larch), By Press Type (Hydraulic, Vacuum, Pneumatic, Nails), By Application (Residential, Commercial, Industrial), Regional Outlook, Competitive Market Share & Forecast, 2023-2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Cross Laminated Timber (CLT) Market Size - By Raw Materials (Spruce, Fir, Pine, Larch), By Press Type (Hydraulic, Vacuum, Pneumatic, Nails), By Application (Residential, Commercial, Industrial), Regional Outlook, Competitive Market Share & Forecast, 2023-2032
Cross Laminated Timber (CLT) Market Size - By Raw Materials (Spruce, Fir, Pine, Larch), By Press Type (Hydraulic, Vacuum, Pneumatic, Nails), By Application (Residential, Commercial, Industrial), Regional Outlook, Competitive Market Share & Forecast, 2023-2032
Cross Laminated Timber Market Size
Cross Laminated Timber (CLT) Market size is anticipated to witness more than 14.2% CAGR from 2023 to 2032. The growing penetration of sustainable building materials as well as technologies worldwide in a bid to reduce greenhouse gas emissions will positively influence the market growth. In recent years, the demand for advanced adhesives and resins has gained momentum in various industries and applications to offer unique properties and capabilities. The rising trend of net-zero energy buildings led by the combination of renewable energy sources, energy-efficient designs, and energy storage systems will also boost the market growth.
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Cross Laminated Timber Market Growth Drivers & Restraints
The rising incorporation of flexible designs and stylish architecture in the residential sector will accelerate the market expansion. However, the limited awareness regarding the usage of cross laminated timber in emerging economies may hinder the industry growth to some extent. The prevailing dominance of traditional construction methods and materials has led to the restricted knowledge about the benefits of using CLT.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 14.2% |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 205 |
| Tables, Charts & Figures | 244 |
| Segments covered | Raw materials, Press Type, Application and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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COVID-19 Impact
The COVID-19 pandemic posed numerous challenges for the cross laminated timber market as it led to supply chains disruptions in the construction industry. Several manufacturers and suppliers of CLT faced issues due to transportation restrictions, factory closures, and shortages of raw materials. Moreover , the pandemic brought higher attention to sustainable as well as eco-friendly building materials, including CLT. The increasing awareness regarding climate change and environmental concerns coupled with the increasing need to replace traditional building materials also positively impacted the industry growth.
Cross Laminated Timber Market Trends
The strong presence of supportive regulatory environment will also play a crucial role in the market expansion. To cite an instance, the Finnish Government initiated a Wood Building Program, as part of national climate strategy in order to double the utilization of wood in construction works. The surge in R&D funding to improve manufacturing processes, advance technologies and address the concerns of long-term performance and environmental impacts of CLT as well as other mass timber products will also support the industry development.
Cross Laminated Timber Market Analysis
The cross laminated timber market size from the spruce material segment is set to reach significant value by 2032. Spruce CLT is extensively adopted in a wide range of construction projects, such as commercial structures, residential buildings, and schools due to its eco-friendly nature and renewability. Spruce can be touted as a sustainable and versatile building material as it offers several benefits, including dimensional stability, high strength, and fire resistance. Increasing adoption in sustainable construction practices will further anchor the segment expansion.
Hydraulic presses account for nearly 60% share of the overall market and will record significant demand through 2032. This growth can be attributed to the rising usage of hydraulic presses in the manufacturing of CLT to cater to increasing needs across residential construction. The adoption of CLT has substantially soared in recent years owing to its sustainable and eco-friendly properties, adding to the growing need for hydraulic presses that are tailored for CLT production. The increasing focus of various major players on expanding the production capacities will also contribute to the market growth.
The commercial application is estimated to register considerable revenue share of the CLT market by 2032 owing to the rising obligation to meet the modern design demands. The growing focus on promoting green building practices while limiting the overall environmental impacts of construction have led to the rise in the number of sustainable commercial building projects. The increasing number of infrastructure investments across the commercial sector will also accelerate the segment expansion.
North America cross laminated timber market size is expected to record 14.5% CAGR from 2023 to 2032. The rapid advances across the construction sector have made way for increasing application of strong and versatile building materials. According to AGC (The Construction Association), the construction industry is a prominent contributor to the U.S. economy, creating nearly USD 1.8 trillion worth of structures per year. The growing construction of tall wooden structures and the consequently increasing mass timber demand will propel the regional growth.
Cross Laminated Timber Market Share
Some of the major participants in the cross laminated timber business are
- MEIKEN LAMWOOD Corp
- Eugen Decker & WebMan
- Schilliger Holz AG
- Stora Enso
- KLH Massivholz GmbH
- Binderholz GmbH
- Structurlam Mass Timber Corporation
- Sterling Company
- B&K Structures
- SmartLam NA
- Mayr-Melnhof Holz Holding AG
- XLam
Cross Laminated Timber Industry News
- In October 2022, Stora Enso invested EUR 79 million on a new production unit for cross-laminated timber in Ždírec, the Czech Republic in a bid to reinforce its strategy of growth in wooden building solutions.
- In September 2022, SmartLam North America, a leading largest CLT manufacturer in North America, announced the construction of a $50 million glulam production facility in Dothan, Ala.
This market research report on cross laminated timber (CLT) includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032 for the following segments
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Market, By Raw Material
- Spruce
- Fir
- Pine
- Larch
- Others
Market, By Press Type
- Hydraulic
- Vacuum
- Pneumatic
- Nails
- Others
Market, By Application
- Residential
- Commercial
- Industrial
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Austria
- Switzerland
- Italy
- France
- Spain
- Asia Pacific
- China
- India
- Australia
- New Zealand
- Japan
- Latin America
- Mexico
- Brazil
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Table of Content
Report Content
Chapter 1 Methodology And Scope
1.1 Methodology
1.2 Market definition
1.3 Market estimation & forecast parameters
1.3.1 Base estimation & working
1.3.1.1 North America
1.3.1.2 Europe
1.3.1.3 APAC
1.3.1.4 LATAM
1.3.1.5 MEA
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Unpaid
Chapter 2 Executive Summary
2.1 Cross laminated timber industry 360° synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Raw material trends
2.1.3 Press type trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Cross Laminated Timber Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2018 - 2032
3.2.1 Covid-19 impact on Industry size
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.3.2 Distribution Channel Analysis
3.3.2.1 Covid-19 impact on value chain
3.3.3 Profit margin analysis
3.3.4 Value addition analysis
3.3.5 Raw material analysis
3.3.5.1 Covid-19 impact on raw material supply
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Supportive regulatory environment
3.4.1.2 Rising mass timber demand in North America
3.4.1.3 Rising residential dwellings construction in Europe
3.4.1.4 Increasing product penetration in Asia pacific
3.4.2 Industry pitfalls & challenges
3.4.2.1 Low awareness in emerging economies
3.5 Regulatory landscape
3.5.1 North America
3.5.2 Europe
3.5.3 APAC
3.6 Growth potential analysis
3.7 Structural cross-laminated timber manufacturers as of 2018 (Country)
3.8 Regional price trends
3.8.1 Covid-19 impact on price trends
3.8.2 Cost structure analysis
3.8.2.1 R&D cost
3.8.2.2 Manufacturing & equipment cost
3.8.2.3 Raw material cost
3.8.2.4 Distribution cost
3.8.2.5 Operating cost
3.8.2.6 Miscellaneous cost
3.9 Competitive landscape, 2022
3.9.1 Company market share analysis, 2022
3.9.2 Strategic dashboard
3.10 Porter’s analysis
3.11 PESTEL analysis
3.12 COVID-19 impact on cross laminated timber by application
Chapter 4 Cross Laminated Timber Market, Raw Material
4.1 Global Cross laminated timber Market raw material insights
4.2 Spruce
4.2.1 Market estimates and forecast, 2018 - 2032
4.2.2 Market estimates and forecast by region, 2018 - 2032
4.3 Fir
4.3.1 Market estimates and forecast, 2018 - 2032
4.3.2 Market estimates and forecast by region, 2018 - 2032
4.4 Pine
4.4.1 Market estimates and forecast, 2018 - 2032
4.4.2 Market estimates and forecast by region, 2018 - 2032
4.5 Larch
4.5.1 Market estimates and forecast, 2018 - 2032
4.5.2 Market estimates and forecast by region, 2018 - 2032
4.6 Others
4.6.1 Market estimates and forecast, 2018 - 2032
4.6.2 Market estimates and forecast by region, 2018 - 2032
Chapter 5 Cross Laminated Timber Market, By Press Type
5.1 Global Cross laminated timber Market by press type industry insights
5.2 Hydraulic
5.2.1 Market estimates and forecast, 2018 - 2032
5.2.2 Market estimates and forecast by region, 2018 - 2032
5.3 vacuum
5.3.1 Market estimates and forecast, 2018 - 2032
5.3.2 Market estimates and forecast by region, 2018 - 2032
5.4 Pneumatic
5.4.1 Market estimates and forecast, 2018 - 2032
5.4.2 Market estimates and forecast by region, 2018 - 2032
5.5 Nails
5.5.1 Market estimates and forecast, 2018 - 2032
5.5.2 Market estimates and forecast by region, 2018 - 2032
5.6 Others
5.6.1 Market estimates and forecast, 2018 - 2032
5.6.2 Market estimates and forecast by region, 2018 - 2032
Chapter 6 Cross Laminated Timber Market, By Application
6.1 Global Cross laminated timber Market industry insights
6.2 Residential
6.2.1 Market estimates and forecast, 2018 - 2032
6.2.2 Market estimates and forecast by region, 2018 - 2032
6.3 Commercial
6.3.1 Market estimates and forecast, 2018 - 2032
6.3.2 Market estimates and forecast by region, 2018 - 2032
6.4 Industrial
6.4.1 Market estimates and forecast, 2018 - 2032
6.4.2 Market estimates and forecast by region, 2018 - 2032
Chapter 7 Cross Laminated Timber Market, By Region
7.1 Global Cross laminated timber Market region insights
7.2 North America
7.2.1 Market estimates and forecast, 2018 - 2032
7.2.2 Market estimates and forecast by raw material, 2018 - 2032
7.2.3 Market estimates and forecast by press type, 2018 - 2032
7.2.4 Market estimates and forecast by application, 2018 - 2032
7.2.5 U.S.
7.2.5.1 Market estimates and forecast, 2018 - 2032
7.2.5.2 Market estimates and forecast by raw material, 2018 - 2032
7.2.5.3 Market estimates and forecast by press type, 2018 - 2032
7.2.5.4 Market estimates and forecast by application, 2018 - 2032
7.2.6 Canada
7.2.6.1 Market estimates and forecast, 2018 - 2032
7.2.6.2 Market estimates and forecast by raw material, 2018 - 2032
7.2.6.3 Market estimates and forecast by press type, 2018 - 2032
7.2.6.4 Market estimates and forecast by application, 2018 - 2032
7.3 Europe
7.3.1 Market estimates and forecast, 2018 - 2032
7.3.2 Market estimates and forecast by raw material, 2018 - 2032
7.3.3 Market estimates and forecast by press type, 2018 - 2032
7.3.4 Market estimates and forecast by application, 2018 - 2032
7.3.5 Germany
7.3.5.1 Market estimates and forecast, 2018 - 2032
7.3.5.2 Market estimates and forecast by raw material, 2018 - 2032
7.3.5.3 Market estimates and forecast by press type, 2018 - 2032
7.3.5.4 Market estimates and forecast by application, 2018 - 2032
7.3.6 UK
7.3.6.1 Market estimates and forecast, 2018 - 2032
7.3.6.2 Market estimates and forecast by raw material, 2018 - 2032
7.3.6.3 Market estimates and forecast by press type, 2018 - 2032
7.3.6.4 Market estimates and forecast by application, 2018 - 2032
7.3.7 France
7.3.7.1 Market estimates and forecast, 2018 - 2032
7.3.7.2 Market estimates and forecast by raw material, 2018 - 2032
7.3.7.3 Market estimates and forecast by press type, 2018 - 2032
7.3.7.4 Market estimates and forecast by application, 2018 - 2032
7.3.8 Italy
7.3.8.1 Market estimates and forecast, 2018 - 2032
7.3.8.2 Market estimates and forecast by raw material, 2018 - 2032
7.3.8.3 Market estimates and forecast by press type, 2018 - 2032
7.3.8.4 Market estimates and forecast by application, 2018 - 2032
7.3.9 Spain
7.3.9.1 Market estimates and forecast, 2018 - 2032
7.3.9.2 Market estimates and forecast by raw material, 2018 - 2032
7.3.9.3 Market estimates and forecast by press type, 2018 - 2032
7.3.9.4 Market estimates and forecast by application, 2018 - 2032
7.3.10 Austria
7.3.10.1 Market estimates and forecast, 2018 - 2032
7.3.10.2 Market estimates and forecast by raw material, 2018 - 2032
7.3.10.3 Market estimates and forecast by press type, 2018 - 2032
7.3.10.4 Market estimates and forecast by application, 2018 - 2032
7.3.11 Switzerland
7.3.11.1 Market estimates and forecast, 2018 - 2032
7.3.11.2 Market estimates and forecast by raw material, 2018 - 2032
7.3.11.3 Market estimates and forecast by press type, 2018 - 2032
7.3.11.4 Market estimates and forecast by application, 2018 - 2032
7.4 Asia Pacific
7.4.1 Market estimates and forecast, 2018 - 2032
7.4.2 Market estimates and forecast by Raw material, 2018 - 2032
7.4.3 Market estimates and forecast By Press type, 2018 - 2032
7.4.4 Market estimates and forecast By Application, 2018 - 2032
7.4.5 China
7.4.5.1 Market estimates and forecast, 2018 - 2032
7.4.5.2 Market estimates and forecast by raw material, 2018 - 2032
7.4.5.3 Market estimates and forecast by press type, 2018 - 2032
7.4.5.4 Market estimates and forecast by application, 2018 - 2032
7.4.6 India
7.4.6.1 Market estimates and forecast, 2018 - 2032
7.4.6.2 Market estimates and forecast by raw material, 2018 - 2032
7.4.6.3 Market estimates and forecast by press type, 2018 - 2032
7.4.6.4 Market estimates and forecast by application, 2018 - 2032
7.4.7 Japan
7.4.7.1 Market estimates and forecast, 2018 - 2032
7.4.7.2 Market estimates and forecast by raw material, 2018 - 2032
7.4.7.3 market estimates and forecast by press type, 2018 - 2032
7.4.7.4 Market estimates and forecast by application, 2018 - 2032
7.4.8 Australia
7.4.8.1 Market estimates and forecast, 2018 - 2032
7.4.8.2 Market estimates and forecast by raw material, 2018 - 2032
7.4.8.3 Market estimates and forecast by press type, 2018 - 2032
7.4.8.4 Market estimates and forecast by application, 2018 - 2032
7.4.9 New Zealand
7.4.9.1 Market estimates and forecast, 2018 - 2032
7.4.9.2 Market estimates and forecast by raw material, 2018 - 2032
7.4.9.3 Market estimates and forecast by press type, 2018 - 2032
7.4.9.4 Market estimates and forecast by application, 2018 - 2032
7.5 Latin America (LATAM)
7.5.1 Market estimates and forecast, 2018 - 2032
7.5.2 Market estimates and forecast by Raw material, 2018 - 2032
7.5.3 Market estimates and forecast By Press type, 2018 - 2032
7.5.4 Market estimates and forecast By Application, 2018 - 2032
7.5.5 Brazil
7.5.5.1 Market estimates and forecast, 2018 - 2032
7.5.5.2 Market estimates and forecast by raw material, 2018 - 2032
7.5.5.3 Market estimates and forecast by press type, 2018 - 2032
7.5.5.4 Market estimates and forecast by application, 2018 - 2032
7.5.6 Mexico
7.5.6.1 Market estimates and forecast, 2018 - 2032
7.5.6.2 Market estimates and forecast by raw material, 2018 - 2032
7.5.6.3 Market estimates and forecast by press type, 2018 - 2032
7.5.6.4 Market estimates and forecast by application, 2018 - 2032
7.6 Middle East & Africa (MEA)
7.6.1 Market estimates and forecast, 2018 - 2032
7.6.2 Market estimates and forecast by raw material, 2018 - 2032
7.6.3 Market estimates and forecast by press type, 2018 - 2032
7.6.4 Market estimates and forecast by application, 2018 - 2032
7.6.5 South Africa
7.6.5.1 Market estimates and forecast, 2018 - 2032
7.6.5.2 Market estimates and forecast by raw material, 2018 - 2032
7.6.5.3 Market estimates and forecast by press type, 2018 - 2032
7.6.5.4 Market estimates and forecast by application, 2018 - 2032
7.6.6 Saudi Arabia
7.6.6.1 Market estimates and forecast, 2018 - 2032
7.6.6.2 Market estimates and forecast by raw material, 2018 - 2032
7.6.6.3 Market estimates and forecast by press type, 2018 - 2032
7.6.6.4 Market estimates and forecast by application, 2018 - 2032
7.6.7 UAE
7.6.7.1 Market estimates and forecast, 2018 - 2032
7.6.7.2 Market estimates and forecast by raw material, 2018 - 2032
7.6.7.3 Market estimates and forecast by press type, 2018 - 2032
7.6.7.4 Market estimates and forecast by application, 2018 - 2032
Chapter 8 Company Profiles
8.1 Stora Enso
8.1.1 Business overview
8.1.2 Financial data
8.1.3 Structure landscape
8.1.4 SWOT analysis
8.1.5 Strategic outlook
8.2 Binderholz Gmbh
8.2.1 Business overview
8.2.2 Financial data
8.2.3 Structure landscape
8.2.4 SWOT analysis
8.2.5 Strategic outlook
8.3 Ramboll UK Limited
8.3.1 Business overview
8.3.2 Financial data
8.3.3 Structure landscape
8.3.4 SWOT analysis
8.3.5 Strategic outlook
8.4 KLH Massivholz GmbH
8.4.1 Business overview
8.4.2 Financial data
8.4.3 Structure landscape
8.4.4 SWOT analysis
8.4.5 Strategic outlook
8.5 Pfeifer Group
8.5.1 Business overview
8.5.2 Financial data
8.5.3 Structure landscape
8.5.4 SWOT analysis
8.5.5 Strategic outlook
8.6 HOISKO CLT
8.6.1 Business overview
8.6.2 Financial data
8.6.3 Structure landscape
8.6.4 SWOT analysis
8.6.5 Strategic outlook
8.7 HASSLACHER NORICA TIMBER
8.7.1 Business overview
8.7.2 Financial data
8.7.3 Structure landscape
8.7.4 SWOT analysis
8.7.5 Strategic outlook
8.8 Katerra
8.8.1 Business overview
8.8.2 Financial data
8.8.3 Structure landscape
8.8.4 SWOT analysis
8.8.5 Strategic outlook
8.9 Structurlam
8.9.1 Business overview
8.9.2 Financial data
8.9.3 Structure landscape
8.9.4 SWOT analysis
8.9.5 Strategic outlook
8.10 Eugen Decker Holzindustrie KG
8.10.1 Business overview
8.10.2 Financial data
8.10.3 Structure landscape
8.10.4 SWOT analysis
8.10.5 Strategic outlook
8.11 Lignotrend
8.11.1 Business overview
8.11.2 Financial data
8.11.3 Structure landscape
8.11.4 SWOT analysis
8.11.5 Strategic outlook