Cross-Laminated Timber Global Market Report 2023: Decreased Structure Construction Time Bolsters Demand
Sunday, April 16, 2023
DUBLIN, Feb. 15, 2023 /PRNewswire/ -- The "Cross-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
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The global cross-laminated timber market size reached 2,105,690 Cubic Metres in 2022. Looking forward, the publisher expects the market to reach 4,241,413 Cubic Metres by 2028, exhibiting a CAGR of 12.38% during 2022-2028.
Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity across the globe as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. The system consists of multilayer panels made from solid wood boards stacked crosswise and glued together. The cross-laminated configuration improves rigidity, dimensional stability, and mechanical properties. Structurally, CLT offers performance comparable to concrete or steel, with panels suitable for use as walls, floors, roofs and other applications.
CLT panels are strong and stiff, which allows them to be used in a wide range of applications. The use of CLT panels has become a successful and popular method of construction in Europe since it was first introduced during the early 1990's. It is currently used for all kinds of structures ranging from houses, barns, powerline towers, churches and bridges to high-rise apartment and office buildings, adding visibility and reputation to the system.
Global Cross Laminated Timber Industry Drivers:
The structures built with cross laminated timber require shorter period of construction time than traditional construction materials such as concrete and bricks. This is largely attributed to its light weight nature and easy and fast installation. Due to the faster construction time and cheaper built up costs, CLT offers a cheaper alternative over other popular construction material such as precast concrete to the building industry.
CLT can be used for an entire building or any combination of wall, floor/ceiling and roof applications. Its light weight and other characteristics make it highly adaptable to different types of projects, designs and site conditions like soft soils or tight proximity to neighbouring buildings. CLT elements can also be combined with other building materials which provides more flexibility in design, style and finish architecture. Moreover, any change in CLT can be made on site with simple tools.
Cross laminated timber since its inception has been largely confined to Europe. However, due to the increasing awareness about its advantages over other traditional construction material, architects and other stakeholders in the building industry in several markets such as China, Japan, United States, Canada, Australia, NewZealand, etc., are now considering cross laminated timber as a building material for their projects.
Cross laminated timber, over the years, has been mainly used as a building material in constructing low to mid rise buildings which mainly includes educational institutes and residential buildings. However, due to recent technical advancement, now structures up to 10 storeys can be built using cross laminated timber. Therefore, due to this technical advancement coupled with the aesthetic value that CLT adds to a structure, several construction companies are considering this product to build large commercial spaces.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global cross-laminated timber market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application, product type, element type, raw material type, bonding method, panel layers, adhesive type, press type, storey class and application type.
Breakup by Application:
-- Residential
-- Educational Institutes
-- Government/Public Buildings
-- Commercial Spaces
Breakup by Product Type:
-- Custom CLT
-- Blank CLT
Breakup by Element Type:
-- Wall Panels
-- Flooring Panels
-- Roofing Slabs
-- Others
Breakup by Raw Material Type:
-- Spruce
-- Pine
-- Fir
-- Others
Breakup by Bonding Method:
-- Adhesively Bonded
-- Mechanically Fastened
Breakup by Panel Layers:
-- 3-Ply
-- 5-Ply
-- 7-Ply
-- Others
Breakup by Adhesive Type:
-- PUR (Polyurethane)
-- PRF (Phenol Resorcinol Formaldehyde)
-- MUF (Melamine-Urea-Formaldehyde)
-- Others
Breakup by Press Type:
-- Hydraulic Press
-- Vacuum Press
-- Pneumatic Press
-- Others
Breakup by Storey Class:
-- Low-Rise Buildings (1-4 Storeys)
-- Mid-Rise Buildings (5-10 Storeys)
-- High-Rise Buildings (More than 10 Storeys)
Breakup by Application Type:
-- Structural Applications
-- Non-Structural Applications
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Cross Laminated Timber Industry
6 Performance of Key Regions
7 Market by Application
8 Market by Product Type
9 Market by Element Type
10 Market by Raw Material Type
11 Market by Bonding Method
12 Market by Panel Layers
13 Market by Adhesive Type
14 Market by Press Type
15 Market by Storey Class
16 Market by Application Type
17 Competitive Landscape
18 Global Cross Laminated Timber Industry: Environmental Impact/Benefit Analysis
19 Global Cross Laminated Timber Industry: Financial Impact/Benefit Analysis
20 Cross Laminated Timber Manufacturing Process
21 Project Details, Requirements and Costs Involved
22 Loans and Financial Assistance
23 Project Economics
24 Key Player Profiles
Companies Mentioned
-- Stora Enso
-- KLH
-- Binderholz
-- Mayr Melnhof
-- Hasslacher
-- XLam Limited
-- Sterling Lumber
-- Shilliger Holz AG
-- Eugen Decker Holzindustrie KG
-- Structurlam
-- SmartLam
-- Meiken Lamwood Corp.
For more information about this report visit https://www.researchandmarkets.com/r/ka6law-laminated?w=5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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SOURCE Research and Markets
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