Cross-laminated Timber Market – Snapshot

Cross-laminated timber (CLT) is also known as X-lam or massive timber. It is a prefabricated engineered wood panel made of three to four layers of solid-sawn lumber or composite lumber. Composite lumber is well-laminated through gluing of longitudinal and transverse layers by using structural adhesives to form solid, rectangle-shaped, straight, and plane timber. Cross-laminated timber was first developed and used in Germany and Austria in the early 1990s. Extensive research on the product was conducted in the mid-1990s. By the 2000s, cross-laminated timber  was being used much widely in Europe, in single-storied as well as multi-storied buildings. Cross-laminated timber is still a new concept. There is little specific technical documentation for the erection of structures designed and built with it. In most parts of the world, concrete and steel are largely used. Producers of cross-laminated timber are unable to compete with steel and concrete in case of high-rise buildings. Certain governments have restricted the use of wood as a structural material to construct high-rise buildings. In the U.S., the International Building Code (IBC) limits the usage of wood to four stories.

global cross laminated timber market

Based on type, the global cross-laminated timber market has been segmented into adhesive-bonded cross-laminated timber and mechanically fastened cross-laminated timber. Both the segments are anticipated to expand at a rapid pace during the forecast period. Adhesive-bonded Cross-laminated timber is the more widely used type than mechanically fastened cross-laminated timber. Despite being more expensive as compared to mechanically fastened cross-laminated timber, adhesive-bonded cross-laminated timber is widely used due to its superior properties. Mechanically fastened cross-laminated timber helps in reducing the cost of manufacture of cross-laminated timber. Mechanically fastened cross-laminated timber systems can be produced economically and they can be utilized to attain structurally sound construction. This is projected to create opportunities for small-sized cross-laminated timber production facilities in the near future.

In terms of application, the global cross-laminated timber market has been segmented into residential buildings, educational institutes, government/public buildings, and industrial & commercial spaces. Residential buildings is a prominent segment of the cross-laminated timber market. In residential buildings, cross-laminated timber is used in walls, roofs, and ceilings. Flooring and walls made from cross-laminated timber can be assembled fully before reaching the project site. This prefabrication helps in decreasing the construction time and cost. Cross-laminated timber is less commonly used in the construction of industrial and commercial spaces. They require strict building codes of strength to be followed. However, some U.S.-based companies produce cross-laminated timber panels for temporary roads and working platforms for use in the oil & gas and heavy construction industries. Educational Institutes is estimated to be a rapidly expanding segment of the cross-laminated timber market over the forecast period.

Based on region, the global cross-laminated timber market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The demand for cross-laminated timber is expected to rise at a rapid pace over the forecast period. The demand growth is estimated to be led by Europe. Europe is estimated to be a leading region of the cross-laminated timber market. The region is a prominent producer as well as consumer of cross-laminated timber. Most of the cross-laminated timber production is concentrated in Europe. Cross-laminated timber was first introduced in Europe and is thus extensively used in the region. North America is another significant consumer of cross-laminated timber. The region is anticipated to witness significant growth in the consumption of cross-laminated timber over the next few years. Asia Pacific is another key region of the cross-laminated timber market. Most of the demand in the region comes from Japan, New Zealand, and Australia. Japan has announced an increase its cross-laminated timber production by many folds by 2024 in an attempt to promote the use of of the material. The country is also focusing on including cross-laminated timber in its building codes. Japan is estimated to be a rapidly expanding country of the cross-laminated timber market as the material shows favorable seismic performance, which is of high importance in an earthquake-prone country like Japan. Latin America and Middle East & Africa are minimally significant regions of the cross-laminated timber market. They have considerable untapped potential for the product. However, a lack of technical knowledge is hindering the rapid growth of the cross-laminated timber market in these regions.

There is a high degree of competition in the global cross-laminated timber market. The key players operating in the cross-laminated timber market are Stora Enso, Mayr-Melnhof Holz Holding AG, Binderholz Bausysteme GmbH, KLH Massivholz GmbH, Hasslacher Holding GmbH, Structurlam Mass Timber Corporation, Nordic Structures, Ed. Zublin AG, Eugen Decker Holzindustrie KG, Sterling Lumber Company, Inc., and  W. u. J. Derix GmbH & Co..

Cross-laminated timber (CLT) is also known as X-lam or massive timber. It is a prefabricated engineered wood panel made of three to four layers of solid-sawn lumber or composite lumber. Composite lumber is well-laminated through the gluing of longitudinal and transverse layers of timber by using structural adhesives to form a solid, rectangle-shaped, straight, and plane timber. Cross-laminated timber was first developed and used in Germany and Austria in the 1990s. During the 2000s, it was much widely used in Europe. Cross-laminated timber has several applications in walls, roofs, and ceilings. The thickness of the product can be changed as per the requirement of the application. It is an eco-friendly product, which is used as a sustainable material in single-storied and multi-storied buildings.

Based on type, the global cross-laminated timber market has been segmented into adhesive-bonded cross-laminated timber and mechanically fastened cross-laminated timber. Both segments are anticipated to expand at a rapid pace during the forecast period. However, the adhesive-bonded cross-laminated timber segment is likely to expand faster, led by superior structural properties of adhesive-bonded cross-laminated timber. Compared to mechanically fastened cross-laminated timber, adhesive-bonded cross-laminated timber is used on a larger scale during construction. Cross-laminated timber panels consist of several layers of lumber boards stacked crosswise and glued together. The assembly process usually takes 15–60 minutes, depending on the adhesives used. Adhesive is used to assemble cross-laminated timber panels. Very few manufacturers of cross-laminated timber use the process of mechanical fastening. Manufacturers use aluminum nails or wooden dowels to connect wood layers vertically.

In terms of application, the global cross-laminated timber market can be segmented into residential buildings, educational institutes, government/public buildings, and industrial & commercial spaces. Residential buildings is a prominent segment of the cross-laminated timber market. In residential buildings, cross-laminated timber is used in walls, roofs, and ceilings. Flooring and walls made from cross-laminated timber can be assembled before reaching the project site. This prefabrication helps in decreasing the construction time and cost. Cross-laminated timber is less commonly used in the construction of industrial and commercial spaces. They require adherence to strict building codes of strength. In order to achieve that, the number of cross-laminated timber panels used increases and the cost of construction rises significantly.

Based on region, the global cross-laminated timber market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is estimated to be a prominent region of the cross-laminated timber market. The region is a significant producer as well as consumer of cross-laminated timber. Most of the global cross-laminated timber production is concentrated in Europe. Cross-laminated timber was first introduced in Europe and is thus extensively used in the region. North America is another significant consumer of cross-laminated timber. Consumption of cross-laminated timber is anticipated to rise significantly over the next few years. Asia Pacific is another key region of the cross-laminated timber market. Most of the demand in the region comes from Japan, New Zealand, and Australia.

The report analyzes and forecasts the cross-laminated timber market at the global and regional levels. The market has been forecast in terms of volume (cubic meters) and revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global cross-laminated timber market. It also covers the expected impact of these drivers and restraints on the demand for cross-laminated  timber during the forecast period. The report also highlights growth opportunities for the cross-laminated timber market at the global and regional levels. 

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global cross-laminated timber market. The Porter’s five forces model for the cross-laminated timber market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein segments have been benchmarked by type and application based on their market size, growth rate, and general attractiveness. 

The study provides a decisive view of the global cross-laminated timber market by segmenting it in terms of type, application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for cross-laminated timber in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers segmentation based on individual type and application of the market in all regions. 

The study includes profiles of major companies operating in the global cross-laminated timber market. Key players profiled in the report are Stora Enso, Mayr-Melnhof Holz Holding AG, Binderholz Bausysteme GmbH, KLH Massivholz GmbH, HASSLACHER Holding GmbH, Structurlam Mass Timber Corporation, Nordic Structures, Ed. Zublin AG, Eugen Decker Holzindustrie KG, Sterling Lumber Company, Inc., and  W. u. J. Derix GmbH & Co. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides the estimated market size of the global cross-laminated timber market for 2017 and forecast for the next nine years. The size of the global cross-laminated timber market has been provided in terms of volume and revenue. Market numbers have been estimated based on type, application, and region. The market size and forecast for each type, application, and end-user industry segment has been provided for the global and regional markets. 

Global Cross-laminated Timber Market, by Type

  • Adhesive-bonded Cross-laminated Timber
  • Mechanically Fastened Cross-laminated Timber

Global Cross-laminated Timber Market, by Application

  • Residential Buildings
  • Educational Institutes
  • Government/Public Buildings
  • Industrial & Commercial Spaces

Global Cross-laminated Timber Market, by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • Austria
    • Switzerland
    • U.K
    • France
    • Italy
    • Rest of Europe 
  • Asia Pacific
    • Japan
    • New Zealand
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa 

Key Takeaways

  • The report provides extensive analysis of market trends from 2017 to 2026 in order to identify opportunities and market developments
  • It provides analysis of various types of cross-laminated timber and applications where cross-laminated timber is used
  • It identifies key factors responsible for driving cross-laminated timber market to build a roadmap for upcoming opportunities for the cross-laminated timber market at the global, regional, and country levels
  • The report offers comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global cross-laminated timber market between 2018 and 2026
  • The report provides a detailed competition landscape of key players operating in the market to understand competition level
  • Porters’ five forces analysis has been provided to highlight the power of buyers and suppliers in the market 
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