Cross Laminated Timber Market by Type (Adhesive Bonded, and Mechanically Fastened), Industry (Residential, and Non-residential), End Use (Structural, and Non-structural), & Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2028
Updated on : October 10, 2024
Cross Laminated Timber Market
The global cross laminated timber market was valued at USD 1.4 billion in 2023 and is projected to reach USD 2.6 billion by 2028, growing at 13.7% cagr from 2023 to 2028. The economic growth in emerging economies, increasing investment in infrastructure, stringent environmental regulations, growing purchasing power, and the rising demand for green and environmentally friendly materials are leading to market growth. The market is mainly characterized by two main types: adhesive bonded and mechanically fastened. Cross laminated timber has significant use in residential and non-residential industries. Mayr-Melnhof Holz, Stora Enso, Binderholz GmbH, Eugen Decker Holzindustrie KG, Hasslacher Holding GmbH, and Schilliger Holz AG dominate the cross laminated timber industry, accounting for significant market shares. Improved design flexibility and faster implementation methods are likely to drive the market in comparison to other construction materials. Europe's market share is expected to expand over the forecast period due to the rising construction industry in countries such as the United Kingdom, Germany, Italy, and France. The expanding potential benefits given by cross laminated wood in the building sector are projected to boost the market.
Attractive Opportunities in Cross Laminated Timber Market
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Cross Laminated Timber Market Dynamics
Driver: Capacity expansion is one of the strategies used by many manufacturers to increase business volume. Increasing demand always necessitates elevated production capacity, but it should also be understood in terms of a critical zone of the value chain, which is an investment. As a result, capacity must be defined in terms of process machinery and manpower. Manufacturers generally pursue a "lead capacity strategy," looking for developing countries that will serve as future industrial hubs. Most developing countries have a lot of room for development, construction, and new industrial setup, and cross laminated timber are in high demand due their cost effectiveness and durable nature. Though the initial setup cost is quite high, many manufacturers are opting for production capacity expansion after observing immense market potential and long-term ROI.
Strategic Partnership + Planned Execution = Meeting Rising Demand.
Restraints: The overall cross laminated timber market has been highly impacted due to the Russia-Ukraine conflict. Consequences of the conflict were faced by all sectors, construction being one of those impacted badly. The construction sector is considered one of the economic pillars of any country. Due to a lack of labor and a hampered supply chain of raw materials, cross laminated timber market saw a drastic downward trend in that period. Overall, Consumers stopped buying goods, which led to a decrease in demand and hence led the manufacturers to shut down factories. Several industries suffered tremendous decline due to economic fluctuations, resulting in a lowering of cost and inventory by the supply side. The supply has stopped for a few materials, which is hampering the cost of final product. Many prime leaders of cross laminated timber market have set up manufacturing in these regions, and thus heavily affected by the war.
Opportunity: The integrity of functionality and product durability has been a paramount concern of the consumers and has been shown to key factor determining the purchase of these products. Companies rely on clean labels and natural certification which shows the authenticity of the product. These labels further increase the legitimacy of the raw material used in the final product sourced from an approved entity. Cross laminated timber manufacturers investing in these certification labels and are expected to show a significant increase in demand. However, packaging of the end product also plays a vital role while purchasing the product, so in order to highlight these certified norms and also to avoid counterfeiting, manufacturers should also concentrate on packaging.
Challenges: The cross laminated timber has a limited number of end-use industries, and each of them has different regulations for the use of these timbers. Manufacturers cannot alter the specifications of the product to comply with the regulations. Almost the same quality products are being provided to each of the industries by different manufacturers. Therefore, there is no scope for product differentiation in the cross laminated timber market, which is a major challenge for the growth of the market, globally.
Cross Laminated Timber Market Ecosystem
Based on type, adhesive bonded segment is estimated to account for the largest market share of the cross laminated timber market
Adhesive bonding is commonly employed in Cross-Laminated Timber (CLT) because it creates a strong link between the layers of wood, which is critical for the material's structural stability. According to a study on the mechanical and physical qualities of CLT, two types of adhesives were employed to bond boards together: PRF and one-component PUR. Another study discovered that the surface treatment and adhesive type of CLT can alter bond performance and mechanical qualities. Moreover, improper CLT production and handling might result in delamination owing to adhesive failure. As a result, selecting the proper adhesive is critical for assuring the strength and longevity of CLT.
Based on industry, non-residential segment is anticipated to dominate the market
Building construction has an influence on the environment, including the use of water and electricity. Cross laminated wood is in great demand among construction businesses for non-residential areas because to its mechanical, stiffness, and cosmetic advantages. Because of the benefits in design and following environmental requirements required in the office, public, institutional, and hotel segments, the non-residential building industry provides major prospects for cross laminated wood. As a result, the non-residential sector provides enormous prospects and is likely to account for a significant part of the market in the future.
By end use, the structural segment of the cross laminated timber market is projected to witness the highest CAGR during the forecast period.
In engineering construction, structural grade cross laminated timbers are used. Commercial structures are the primary users of structural grade cross laminated wood at the moment. The usage of hardwood floor beams has expanded as new building and restoration activities have increased across the world. Moreover, the growing demand for eco-friendly housing is propelling the market. The advantages of structural cross laminated wood include design flexibility, thermal characteristics, fire protection, acoustic performance, and seismic performance. As the home market evolves, design adaptability is essential when assessing buildings and their uses and objectives. As compared to steel and concrete buildings, it allows for longer spans and/or fewer interior support components, which may be achieved by increasing panel thickness.
The Europe market is projected to contribute the largest share of the cross laminated timber market.
Europe is the world's largest manufacturer of cross laminated timber. The European market is driven majorly by the rapid development of construction in the residential sector. The rise in awareness about the use of wooden products due to their lightweight structures and ease of remodeling is expected increase the demand for cross laminated timber and is expected to attract manufacturers to invest in the country.
Cross-laminated timber is a product used by wood lovers to build single-family homes in 2021. On the other hand, it is a product that is ideal for multi-story, large-volume timber projects. This is one of the reasons why CLT prices have been relatively constant this year. When CLT is manufactured, the project for which it is required is typically already confirmed. This implies that delivery dates, quantities, and pricing are set in stone. As a result, in 2020, 2-by-4 lumber was more expensive than well-developed CLT. In terms of pricing, even glulam and solid structural wood surpassed CLT this year. While the prices of these products doubled within just a few months, those of glulam saw a significantly slower upward trend. The low variability in CLT prices is probably also part of the success of this product. Even with delivery times of ten weeks, prices did not change considerably in the past years.
Cross Laminated Timber Market Players
The cross laminated timber market is dominated by a few globally established players such 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 Mass Timber Corporation (Canada), and XLam NZ Limited (New Zealand), among others, are the key manufacturers. Major focus was given to the contracts and new product development due to the changing requirements of commercial, and residential users across the world.
Read More: Cross Laminated Timber Companies
Cross Laminated Timber Market Report Scope
Report Metric |
Details |
Market size available for years |
2020-2028 |
Base year considered |
2022 |
Forecast Period |
2023-2028 |
Forecast Units |
Value (USD Billion) |
Segments Covered |
By Type, By End USe, By Industry, By Region |
Geographies Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Companies covered |
Stora Enso (Finland), Mayr-Melnhof Holz (Austria), Binderholz GmbH (Austria), Hasslacher Holding GmbH (Austria), Schilliger Holz AG (Switzerland), KLH Massivholz GmbH (Austria), Structurlam Mass Timber Corporation (Canada), and XLam NZ Limited (New Zealand) |
Based on type, the cross laminated timber market has been segmented as follows:
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Adhesive Bonded
- Polyurethane
- Melamine-Urea-Formaldehyde
-
Mechanically Fastened
- Self-tapping screws
- Dowel-type fasteners
Based on end use, the cross laminated timber market has been segmented as follows:
- Structural
- Non-structural
Based on industry, the cross laminated timber market has been segmented as follows:
- Residential
-
Non-residential
- Industrial
- Public
- Others
Based on the region, the cross laminated timber market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Recent Developments
- In May 2022, Stora Enso invests in ACDF Industrie SAS and becomes a 35% shareholder of the French wood processing company. The investment is in line with Stora Enso’s growth strategy for mass timber building elements, enabling value-added, bespoke CLT (cross-laminated timber) solutions to its long-term French partners.
- 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.
Frequently Asked Questions (FAQ):
What is the current competitive landscape in the cross laminated timber market in terms of new applications, production, and sales?
The market has various large, medium, and small-scale players operating across the globe. Many players are constantly innovating and developing new products and expanding to developing countries where the demand is constantly growing; thereby boosting sales.
Which all countries are considered in the report?
US, China, Japan, Germany, UK and France are major countries considered in the report.
What is the total CAGR expected to be recorded for the cross laminated timber market during 2023-2028?
The CAGR is expected to record 13.7% from 2023-2028
Does this report cover the different types of cross laminated timber market?
Yes, the report covers the different types of cross laminated timber.
Does this report covers different end use of cross laminated timber?
Yes, the report covers different end use of cross laminated timber. .
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- 5.1 INTRODUCTION
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5.2 NET-ZERO DESIGN WITH CROSS-LAMINATED TIMBERDYNAMIC THERMAL PERFORMANCEREDUCED THERMAL BRIDGINGINSULATION AMOUNTAIRTIGHTNESS
- 5.3 CARBON CONTENT OF CROSS-LAMINATED TIMBER
- 5.4 CROSS-LAMINATED TIMBER LIFE CYCLE ANALYSIS
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5.5 REDUCING CO2 EMISSIONS FROM CROSS-LAMINATED TIMBERINTRODUCTIONLUMBER SOURCINGAIR DRY LUMBERUPGRADE DRYING KILNS & POWERUSE INTERLOCKING CROSS-LAMINATED TIMBEREXPOSE CROSS-LAMINATED TIMBER WOODDESIGN USING PRECISE PANEL SIZESREUSE OR RECYCLE CROSS-LAMINATED TIMBER PANELS AT END-OF-LIFE
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5.6 BENEFITS OF CROSS-LAMINATED TIMBERFASTER CONSTRUCTIONCOMPETITIVE COSTSTRUCTURAL PERFORMANCEENERGY EFFICIENT ASSEMBLIESLIGHTWEIGHT MATERIALNATURAL AESTHETIC OF WOODALTERNATIVE LUMBER UTILIZATIONMAY REDUCE CO2 EMISSIONSRENEWABLE RESOURCE
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5.7 MARKET DYNAMICSDRIVERS- Growth of construction industry- Increasing urban population- Rising demand from North America- Capacity expansion for increasing demandRESTRAINTS- Impact of war between Russia and UkraineOPPORTUNITIES- Establishing authenticity through various certification- Attractive design due to hybrid construction enables new approach to building technology- Rising opportunities in timber-based construction industryCHALLENGES- Long lead time by cross-laminated timber suppliers during peak season- Low product differentiation
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5.8 PORTER'S FIVE FORCES ANALYSISTHREAT OF NEW ENTRANTSTHREAT OF SUBSTITUTESBARGAINING POWER OF BUYERSBARGAINING POWER OF SUPPLIERSINTENSITY OF COMPETITIVE RIVALRY
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5.9 KEY STAKEHOLDERS AND BUYING CRITERIAKEY STAKEHOLDERS IN BUYING PROCESSBUYING CRITERIA
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5.10 MACRO INDICATOR ANALYSISINTRODUCTIONTRENDS AND FORECAST OF GDPTRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY
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5.11 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTHRUSSIA–UKRAINE WARCHINA- Debt problem- Australia–China trade war- Environmental commitmentsEUROPE- Energy crisis
- 5.12 VALUE CHAIN ANALYSIS
- 5.13 PRICING ANALYSIS
- 5.14 CROSS-LAMINATED TIMBER ECOSYSTEM AND INTERCONNECTED MARKET
- 5.15 YC AND YCC SHIFT
- 5.16 TRADE ANALYSIS
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5.17 PATENT ANALYSISMETHODOLOGYPUBLICATION TRENDSTOP JURISDICTIONTOP APPLICANTS
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5.18 CASE STUDY ANALYSISCASE STUDY 1CASE STUDY 2CASE STUDY 3
- 5.19 TECHNOLOGY ANALYSIS
- 5.20 KEY CONFERENCES AND EVENTS IN 2023
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5.21 TARIFF AND REGULATORY LANDSCAPEREGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 6.1 INTRODUCTION
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6.2 ADHESIVE BONDEDSUPERIOR PROPERTIES AND LOW PRODUCTION COSTPOLYURETHANE (PUR)MELAMINE-UREA-FORMALDEHYDE (MUF)
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6.3 MECHANICALLY FASTENEDENHANCED STRENGTH AND STABILITY OF STRUCTURESSELF-TAPPING SCREWS (STS)DOWEL-TYPE FASTENERS
- 7.1 INTRODUCTION
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7.2 STRUCTURALHIGH DEMAND IN STRUCTURAL END-USE SEGMENT
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7.3 NON-STRUCTURALUSED AS SUBSTITUTES FOR BOLTED MATS
- 8.1 INTRODUCTION
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8.2 RESIDENTIALEVOLUTION OF BUILDING CODES OFFERS OPPORTUNITIES FOR CROSS-LAMINATED TIMBER MARKET
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8.3 NON-RESIDENTIALOPPORTUNITIES OFFERED FOR MASS CONSTRUCTION OF TIMBER BUILDINGSPUBLICINDUSTRIALOTHERS
- 9.1 INTRODUCTION
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9.2 EUROPEIMPACT OF RECESSION ON EUROPEGERMANY- Presence of major distribution channels to increase demandAUSTRIA- Investments and government approach toward sustainability to drive marketITALY- High disposable income and rising FII investmentsCZECH REPUBLIC- Emerging market and rising development to propel demandFRANCE- Government initiatives and enhanced technology in building & construction industry to drive marketSWEDEN- Residential market in Sweden driving demand for cross-laminated timberSWITZERLAND- Domestic demand for Swiss construction to drive growthUK- BREXIT to hamper industry growth in short termSLOVAKIA- Increase in housing units boosts demand for cross-laminated timberREST OF EUROPE
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9.3 NORTH AMERICAIMPACT OF RECESSION ON NORTH AMERICAUS- Growing sustainable material usage in construction industry to boost marketCANADA- Government investments in building & construction sector to propel market
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9.4 ASIA PACIFICIMPACT OF RECESSION ON ASIA PACIFICCHINA- Large investments by global manufacturers to boost marketJAPAN- Investments in infrastructural markets by public and private sectors to boost demandAUSTRALIA AND NEW ZEALAND- Technology-driven economy to drive marketREST OF ASIA PACIFIC
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9.5 REST OF THE WORLDIMPACT OF RECESSION ON REST OF THE WORLDBRAZIL- Expansion of production capacity and established distribution channels to propel marketARGENTINA- Government initiatives to boost demandOTHER COUNTRIES- UAE- Saudi Arabia- South Africa
- 10.1 OVERVIEW
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10.2 COMPETITIVE LEADERSHIP MAPPING, 2022STARSEMERGING LEADERSPARTICIPANTSPERVASIVE PLAYERS
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10.3 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) MATRIX, 2022RESPONSIVE COMPANIESPROGRESSIVE COMPANIESSTARTING BLOCKSDYNAMIC COMPANIES
- 10.4 STRENGTH OF PRODUCT PORTFOLIO
- 10.5 COMPETITIVE BENCHMARKING
- 10.6 MARKET SHARE ANALYSIS
- 10.7 MARKET RANKING ANALYSIS
- 10.8 REVENUE ANALYSIS
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10.9 COMPETITIVE SCENARIOMARKET EVALUATION FRAMEWORKMARKET EVALUATION MATRIX
- 10.10 STRATEGIC DEVELOPMENTS
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11.1 MAJOR PLAYERSMAYR-MELNHOF HOLZ- Business overview- Products offered- Recent developments- MnM viewSTORA ENSO- Business overview- Products offered- Recent developments- MnM viewBINDERHOLZ GMBH- Business overview- Products offered- MnM viewEUGEN DECKER HOLZINDUSTRIE KG- Business overview- Products offered- MnM viewHASSLACHER HOLDING GMBH- Business overview- Products offered- MnM viewSCHILLIGER HOLZ AG- Business overview- Products offeredKLH MASSIVHOLZ GMBH- Business overview- Products offeredSTRUCTURLAM MASS TIMBER CORPORATION- Business overview- Products offered- Recent developmentsXLAM NZ LIMITED- Business overview- Products offeredPFEIFER HOLDING GMBH- Business overview- Products offered
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11.2 OTHER COMPANIESLION LUMBER- Products offeredSMARTLAM NA- Products offeredHOISKO- Products offeredPEETRI PUIT OÜ- Products offeredB&K STRUCTURES LTD- Products offeredTHEURL AUSTRIAN PREMIUM TIMBER- Products offeredIB EWP INC- Products offeredNORDIC STRUCTURES- Products offeredDR JOHNSON LUMBER COMPANY- Products offeredPFS CORPORATION- Products offeredDERIX GROUP- Products offeredURBEM- Products offeredMERCER MASS TIMBER- Products offeredZÜBLIN TIMBER- Products offeredCROSSLAM AUSTRALIA- Products offered
- 12.1 INTRODUCTION
- 12.2 TIMBER LAMINATING ADHESIVES MARKET LIMITATIONS
- 12.3 TIMBER LAMINATING ADHESIVES MARKET DEFINITION
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12.4 TIMBER LAMINATING ADHESIVES MARKET OVERVIEWTIMBER LAMINATING ADHESIVES MARKET ANALYSIS, BY RESIN TYPETIMBER LAMINATING ADHESIVES MARKET ANALYSIS, BY APPLICATIONTIMBER LAMINATING ADHESIVES MARKET ANALYSIS, BY END USETIMBER LAMINATING ADHESIVES MARKET ANALYSIS, BY REGION
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS
- TABLE 1 CROSS-LAMINATED MARKET SNAPSHOT, 2023 VS. 2028
- TABLE 2 KEY MARKET PLAYERS
- TABLE 3 CROSS-LAMINATED TIMBER MARKET: PORTER'S FIVE FORCES ANALYSIS
- TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%)
- TABLE 5 KEY BUYING CRITERIA FOR CROSS-LAMINATED TIMBER
- TABLE 6 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2020–2027
- TABLE 7 CROSS-LAMINATED TIMBER MARKET: SUPPLY CHAIN ANALYSIS
- TABLE 8 COUNTRY-WISE EXPORT DATA, 2020–2022 (USD THOUSAND)
- TABLE 9 COUNTRY-WISE IMPORT DATA, 2020–2022 (USD THOUSAND)
- TABLE 10 PATENT COUNT, BY COMPANY
- TABLE 11 CROSS-LAMINATED TIMBER MARKET: KEY CONFERENCES AND EVENTS
- TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 14 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)
- TABLE 15 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)
- TABLE 16 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 17 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 18 ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 19 ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 20 ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 21 ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 22 MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 23 MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 24 MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 25 MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 26 CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)
- TABLE 27 CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)
- TABLE 28 CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 29 CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 30 STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 31 STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 32 STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 33 STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 34 NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 35 NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 36 NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 37 NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 38 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)
- TABLE 39 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
- TABLE 40 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 41 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 42 RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 43 RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 44 RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 45 RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 46 NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 47 NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 48 NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 49 NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 50 NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 51 NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 52 NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 53 NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 54 NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 55 NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 56 NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 57 NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 58 NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 59 NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 60 NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 61 NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 62 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)
- TABLE 63 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)
- TABLE 64 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 65 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 66 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
- TABLE 67 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
- TABLE 68 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 69 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 70 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)
- TABLE 71 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)
- TABLE 72 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 73 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 74 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)
- TABLE 75 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)
- TABLE 76 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 77 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 78 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)
- TABLE 79 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
- TABLE 80 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 81 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 82 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
- TABLE 83 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
- TABLE 84 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 85 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 86 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)
- TABLE 87 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)
- TABLE 88 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 89 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 90 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)
- TABLE 91 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)
- TABLE 92 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 93 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 94 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)
- TABLE 95 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
- TABLE 96 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 97 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 98 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
- TABLE 99 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
- TABLE 100 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 101 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 102 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)
- TABLE 103 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)
- TABLE 104 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 105 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 106 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)
- TABLE 107 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)
- TABLE 108 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 109 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 110 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)
- TABLE 111 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
- TABLE 112 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 113 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 114 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
- TABLE 115 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
- TABLE 116 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 117 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 118 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)
- TABLE 119 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)
- TABLE 120 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 121 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 122 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)
- TABLE 123 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)
- TABLE 124 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 125 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 126 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)
- TABLE 127 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
- TABLE 128 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)
- TABLE 129 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)
- TABLE 130 OVERVIEW OF STRATEGIES ADOPTED BY KEY CROSS-LAMINATED TIMBER MARKET PLAYERS (2017–2023)
- TABLE 131 CROSS-LAMINATED TIMBER MARKET: DETAILED LIST OF KEY STARTUPS/SMES
- TABLE 132 CROSS-LAMINATED TIMBER MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
- TABLE 133 COMPANY EVALUATION MATRIX: CROSS-LAMINATED TIMBER
- TABLE 134 STRATEGIC DEVELOPMENTS, BY COMPANY
- TABLE 135 HIGHEST ADOPTED STRATEGIES
- TABLE 136 NUMBER OF GROWTH STRATEGIES ADOPTED BY KEY COMPANIES
- TABLE 137 COMPANY INDUSTRY FOOTPRINT
- TABLE 138 COMPANY REGION FOOTPRINT
- TABLE 139 COMPANY FOOTPRINT
- TABLE 140 CROSS-LAMINATED TIMBER MARKET: DEALS, 2017–2023
- TABLE 141 MAYR-MELNHOF HOLZ: COMPANY OVERVIEW
- TABLE 142 MAYR-MELNHOF HOLZ: DEALS
- TABLE 143 STORA ENSO: COMPANY OVERVIEW
- TABLE 144 STORA ENSO: DEALS
- TABLE 145 BINDERHOLZ GMBH: COMPANY OVERVIEW
- TABLE 146 EUGEN DECKER HOLZINDUSTRIE KG: COMPANY OVERVIEW
- TABLE 147 HASSLACHER HOLDING GMBH: COMPANY OVERVIEW
- TABLE 148 SCHILLIGER HOLZ AG: COMPANY OVERVIEW
- TABLE 149 KLH MASSIVHOLZ GMBH: COMPANY OVERVIEW
- TABLE 150 STRUCTURLAM MASS TIMBER CORPORATION: COMPANY OVERVIEW
- TABLE 151 STRUCTURLAM: OTHERS
- TABLE 152 XLAM NZ LIMITED: COMPANY OVERVIEW
- TABLE 153 PFEIFER HOLDING GMBH: COMPANY OVERVIEW
- TABLE 154 LION LUMBER: COMPANY OVERVIEW
- TABLE 155 SMARTLAM NA: COMPANY OVERVIEW
- TABLE 156 HOISKO: COMPANY OVERVIEW
- TABLE 157 PEETRI PUIT OÜ: COMPANY OVERVIEW
- TABLE 158 B&K STRUCTURES LTD: COMPANY OVERVIEW
- TABLE 159 THEURL AUSTRIAN PREMIUM TIMBER: COMPANY OVERVIEW
- TABLE 160 IB EWP INC: COMPANY OVERVIEW
- TABLE 161 NORDIC STRUCTURES: COMPANY OVERVIEW
- TABLE 162 DR JOHNSON LUMBER COMPANY: COMPANY OVERVIEW
- TABLE 163 PFS CORPORATION: COMPANY OVERVIEW
- TABLE 164 DERIX GROUP: COMPANY OVERVIEW
- TABLE 165 URBEM: COMPANY OVERVIEW
- TABLE 166 MERCER MASS TIMBER: COMPANY OVERVIEW
- TABLE 167 ZÜBLIN TIMBER: COMPANY OVERVIEW
- TABLE 168 CROSSLAM AUSTRALIA: COMPANY OVERVIEW
- TABLE 169 TIMBER LAMINATING ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2026 (USD MILLION)
- TABLE 170 TIMBER LAMINATING ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2026 (KILOTON)
- TABLE 171 TIMBER LAMINATING ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
- TABLE 172 TIMBER LAMINATING ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
- TABLE 173 TIMBER LAMINATING ADHESIVES MARKET SIZE, BY END USE, 2019–2026 (USD MILLION)
- TABLE 174 TIMBER LAMINATING ADHESIVES MARKET SIZE, BY END USE, 2019–2026 (KILOTON)
- TABLE 175 TIMBER LAMINATING ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
- TABLE 176 TIMBER LAMINATING ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (KILOTON)
- FIGURE 1 CROSS-LAMINATED TIMBER MARKET SEGMENTATION
- FIGURE 2 CROSS-LAMINATED TIMBER MARKET: RESEARCH DESIGN
- FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS
- FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
- FIGURE 5 CROSS-LAMINATED TIMBER MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
- FIGURE 6 MARKET SIZE ESTIMATION: CROSS-LAMINATED TIMBER MARKET
- FIGURE 7 CROSS-LAMINATED TIMBER MARKET SIZE ESTIMATION, BY REGION
- FIGURE 8 CROSS-LAMINATED TIMBER MARKET, BY TYPE
- FIGURE 9 CROSS-LAMINATED TIMBER MARKET: SUPPLY-SIDE FORECAST
- FIGURE 10 METHODOLOGY FOR SUPPLY-SIDE SIZING OF CROSS-LAMINATED TIMBER MARKET
- FIGURE 11 FACTOR ANALYSIS OF CROSS-LAMINATED TIMBER MARKET
- FIGURE 12 CROSS-LAMINATED TIMBER MARKET: DATA TRIANGULATION
- FIGURE 13 ADHESIVE BONDED TO ACCOUNT FOR LARGER SHARE OF CROSS-LAMINATED TIMBER MARKET
- FIGURE 14 NON-RESIDENTIAL INDUSTRY TO CAPTURE LARGER MARKET SHARE
- FIGURE 15 STRUCTURAL SEGMENT TO BE LARGER END USE OF CROSS-LAMINATED TIMBER
- FIGURE 16 NORTH AMERICA TO BE FASTEST-GROWING CROSS-LAMINATED TIMBER MARKET
- FIGURE 17 CROSS-LAMINATED TIMBER MARKET TO WITNESS MODERATE GROWTH DURING FORECAST PERIOD
- FIGURE 18 ADHESIVE BONDED TO BE FASTER-GROWING SEGMENT BETWEEN 2023 AND 2028
- FIGURE 19 DEVELOPING ECONOMIES TO WITNESS HIGHER GROWTH DURING FORECAST PERIOD
- FIGURE 20 RESIDENTIAL SEGMENT AND GERMANY ACCOUNTED FOR LARGEST SHARES
- FIGURE 21 CHINA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
- FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CROSS-LAMINATED TIMBER MARKET
- FIGURE 23 PORTER'S FIVE FORCES ANALYSIS OF CROSS-LAMINATED TIMBER MARKET
- FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
- FIGURE 25 KEY BUYING CRITERIA FOR CROSS-LAMINATED TIMBER
- FIGURE 26 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035
- FIGURE 27 CROSS-LAMINATED TIMBER MARKET: VALUE CHAIN ANALYSIS
- FIGURE 28 AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY REGION, 2022
- FIGURE 29 AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2022
- FIGURE 30 AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY COMPANY, 2022
- FIGURE 31 CROSS-LAMINATED TIMBER ECOSYSTEM
- FIGURE 32 CROSS-LAMINATED TIMBER MARKET: YC AND YCC SHIFT
- FIGURE 33 NUMBER OF PATENTS PUBLISHED, 2017–2022
- FIGURE 34 PATENTS PUBLISHED BY JURISDICTION, 2017–2022
- FIGURE 35 PATENTS PUBLISHED BY MAJOR APPLICANTS, 2017–2022
- FIGURE 36 ADHESIVE BONDED SEGMENT TO DOMINATE OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 2028
- FIGURE 37 STRUCTURAL SEGMENT TO DOMINATE OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 2028
- FIGURE 38 NON-RESIDENTIAL SEGMENT TO LEAD OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 2028
- FIGURE 39 NORTH AMERICAN REGION EMERGING AS STRATEGIC LOCATION FOR CROSS-LAMINATED TIMBER MARKET
- FIGURE 40 EUROPE: CROSS-LAMINATED TIMBER MARKET SNAPSHOT
- FIGURE 41 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET SNAPSHOT
- FIGURE 42 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET SNAPSHOT
- FIGURE 43 BRAZIL TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
- FIGURE 44 CROSS-LAMINATED TIMBER MARKET: COMPETITIVE LEADERSHIP MAPPING, 2022
- FIGURE 45 CROSS-LAMINATED TIMBER MARKET: EMERGING COMPANIES’ (SMES’) COMPETITIVE LEADERSHIP MAPPING, 2022
- FIGURE 46 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CROSS-LAMINATED TIMBER MARKET
- FIGURE 47 MARKET SHARE, BY KEY PLAYER (2022)
- FIGURE 48 MARKET RANKING ANALYSIS, 2022
- FIGURE 49 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021
- FIGURE 50 MAYR-MELNHOF HOLZ: COMPANY SNAPSHOT
- FIGURE 51 STORA ENSO: COMPANY SNAPSHOT
The study involved four major activities in estimating the current size of the cross laminated timber market. Exhaustive secondary research was done to collect information on the market, peer market, and 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, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering cross laminated timber information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the cross laminated timber market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the cross laminated timber market scenario through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Primary data was collected through questionnaires, emails, and telephonic interview. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from cross laminated timber vendors; raw material suppliers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, end use, industry, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using cross laminated timber were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of cross laminated timber and future outlook of their business which will affect the overall market.
The Breakup of Primary Research:
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Company Name |
DESIGNATION |
Stora Enso |
Director |
Mayr-Melnholf Holz |
Project Manager |
Binderholz Gmbh |
Individual Industry Expert |
Hasslacher Holding Gmbh |
Director |
Market Size Estimation
The research methodology used to estimate the size of the cross laminated timber market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in the adhesive bonded and mechanically fastened at a regional level. Such procurements provide information on the demand aspects of cross laminated.
Global Cross Laminated Timber Market Size: Bottom Up Approach
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Global Cross Laminated Timber Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Cross laminated timber (CLT) is a type of wood panel manufactured by applying glue between panels of solid-sawn timber, or timber from a single log. The panels may be used for major structural applications such as wall surfaces, flooring, furnishing, ceiling, and roofing; the thickness and length of cross laminated timber can be adjusted to meet the needs of every project. Cross laminated timber panels are typically constructed and cut during the manufacturing process, with the joints, apertures, and drilling defined in the layout.
Key Stakeholders
- End User
- Raw Material Suppliers
- Senior Management
- Procurement Department
Report Objectives
- To define, describe, segment, and forecast the size of the cross laminated timber market based on type, end use, industry, and region.
- To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, South America, Middle East & Africa, along with major countries in each region
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the cross laminated timber market
- To analyze technological advancements and product launches in the market
- To strategically analyze micromarkets, with respect to their growth trends, prospects, and their contribution to the market
- To identify financial positions, key products, and key developments of leading companies in the market
- To provide a detailed competitive landscape of the market, along with market share analysis
- To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
- To strategically profile key players in the market and comprehensively analyze their core competencies
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the cross laminated timber market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the cross laminated timber Market
Growth opportunities and latent adjacency in Cross Laminated Timber Market