Cross Laminated Timber Market Research Report - Global Forecast 2027

Global Cross Laminated Timber Market Research Report Information, By Type (Adhesive-Bonded CLT and Mechanically Fastened CLT), Application (Residential, Commercial and Industrial) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/CO/6490-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis: Global Cross Laminated Timber Market


The global cross laminated timber market has witnessed a surge due to the growth of construction over the past few years. Growing investments in residential and commercial construction in emerging economies such as Brazil, Saudi Arabia, India, and China have further propelled the demand for Cross Laminated timber construction. Rapid urbanization and increase in demand for green buildings are some of the major factors that help enhance the growth of the Cross Laminated timber buildings, globally. Manufacturers prefer Cross Laminated timber products for construction over the conventional building materials, such as steel and concrete, due to dimensional stability, performance durability, and various other features. Hence, the applications of Cross Laminated timber products for the construction of high-rise buildings are rising. Also, the manufacturers follow expansion strategy in order to strengthen their position in the market. Hence, the global Cross Laminated timber market is expected to witness a CAGR of around 12% over the forecast period.


However, the growth of the market might be hindered by the stringent government regulations regarding carbon emissions and high production costs and capital investments. The global Cross Laminated timber market was valued at USD 1,450 million in 2018, it is expected to witness ~12% CAGR during the forecast period. The base year considered for the study of the market, is 2018, and the forecast period for the global Cross Laminated timber market is 2019 to 2024.Cross Laminated


Global Cross Laminated Timber Market: Regional Analysis


The global cross laminated timber market has been segmented region-wise into North America, Europe, Asia-pacific, and Rest of the World (RoW). Europe accounted for the largest market share of around 43%, which is expected to retain its dominance over the forecast period. This is attributed to the increase in the number of Cross Laminated timber construction projects coupled with subsequent growth of public and private sector investments in infrastructural construction projects in the region.


North America region accounted for the second largest market, which is anticipated to exhibit sustainable growth rate over the forecast period. Repair and renovation activities in the real estate and commercial sector is projected to augment the demand for cross laminated timber market in the North American region. Asia-Pacific region is anticipated to witness maximum growth rate due to the booming construction industry in the residential, commercial, and industrial sector is expected to contribute to the demand for Cross Laminated timber market.


Key Players


Key Players include ante-Group, Stora Enso (Finland), KLH Massivholz GmbH (Austria), Binderholz Bausysteme GmbH (Austria), Mayr-Melnhof Holz Holding AG (Austria), HASSLACHER Holding GmbH (Austria), Structurlam Mass Timber Corporation (Canada), Ed. Züblin AG (Germany), Eugen Decker Holzindustrie KG (Germany), Sterling Lumber Company (US), and W. u. J. Derix GmbH & Co. (Germany). The global Cross Laminated timber market is highly competitive with many players, across the globe. The players adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players are expansions & investments, acquisitions, new product development, and agreements.


Global Cross Laminated Timber Market: Segmentation


The global cross laminated timber market has been segmented based on type and application. On the basis of type, the market is segmented into adhesive-bonded CLT and mechanically fastened CLT. On the basis of application, the market is segmented as residential, commercial, and industrial.  


On the basis of type, adhesive-bonded CLT accounted for the larger market share of around 45% in the overall Cross Laminated timber market, which is also expected to witness high growth rate over the forecast period. This is attributed to its features, such as dimensional stability and cost-effectiveness, which make the adhesive-bonded CLT preferred over the mechanically fastened CLT, among manufacturers.


On the basis of application, the residential segment holds the largest market share in 2018, which will continue with its position by 2024. The segment is also anticipated to witness the maximum growth rate in the market due to the rising demand for roofing, cladding, flooring, and ceiling construction activities.


The commercial application segment is likely to grow during the forecast period, as these products are mainly used for manufacturing durable interior decoration items. They are more durable and lighter in weight as compared to traditional products, such as steel and concrete. 


Intended Audience:



  • Raw Material Suppliers

  • End Users

  • Manufacturers

  • Traders & Distributors

  • Regulatory Bodies

  • Market Research and Consulting Firms



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   12% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Technology, by Application, by Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ante-Group, Stora Enso (Finland), KLH Massivholz GmbH (Austria), Binderholz Bausysteme GmbH (Austria), Mayr-Melnhof Holz Holding AG (Austria), HASSLACHER Holding GmbH (Austria), Structurlam Mass Timber Corporation (Canada), Ed. Züblin AG (Germany), Eugen Decker Holzindustrie KG (Germany), Sterling Lumber Company (US), and W. u. J. Derix GmbH & Co. (Germany).
  Key Market Opportunities

  • Rapid urbanization
  • Unprecedented growth in the construction sector
  • Increase in focus on innovation in green construction materials

    		•
      Key Market Drivers   Construction of high-rise buildings are rising


    Frequently Asked Questions (FAQ) :

    The global cross laminated timber market is expected to expand at 12% CAGR from 2019 to 2024.

    Investments in residential and commercial projects is the major driver of the global cross laminated timber market.

    Europe is expected to dominate in the global cross laminated timber market.

    Adhesive-bound CLT can lead in market share till 2024.

    Eugen Decker Holzindustrie KG, ante-Group, Binderholz Bausysteme GmbH, KLH Massivholz GmbH, Mayr-Melnhof Holz Holding AG, Structurlam Mass Timber Corporation, HASSLACHER Holding GmbH, Ed. Züblin AG, W. u. J. Derix GmbH & Co., Sterling Lumber Company, and Stora Enso are prominent names in the global cross laminated timber market.

    Table of Contents

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Definition

    2.2.2 Research Objective

    2.2.3 Assumptions

    2.2.4 Limitations

    2.3 Research Process

    2.3.1 Primary Research

    2.3.2 Secondary Research

    2.4 Market Size Estimation

    2.5 Forecast Model

    3 Market Landscape

    3.1 Porter’s Five Forces Analysis

    3.1.1 Threat of New Entrants

    3.1.2 Bargaining Power of Buyers

    3.1.3 Threat of Substitutes

    3.1.4 Segment Rivalry

    3.1.5 Bargaining Power of Buyers

    3.2 Value Chain/Supply Chain Analysis

    4 Market Dynamics

    4.1 Introduction

    4.2 Market Drivers

    4.3 Market Restraints

    4.4 Market Opportunities

    5 Cross Laminated Timber Market, by Type

    5.1 Introduction

    5.2 Adhesive-Bonded CLT

    5.2.1 Market Estimates & Forecast, 2020-2027

    5.2.2 Market Estimates & Forecast, by Region, 2020-2027

    5.3 Mechanically Fastened CLT

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast, by Region, 2020-2027

    6 Cross Laminated Timber Market, by Application

    6.1 Introduction

    6.2 Residential

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast, by Region, 2020-2027

    6.3 Commercial

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast, by Region, 2020-2027

    6.4 Industrial

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.4.2 Market Estimates & Forecast, by Region, 2020-2027

    7 Cross Laminated Timber Market, by Region

    7.1 Introduction

    7.2 North America

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast, by Type, 2020-2027

    7.2.3 Market Estimates & Forecast, by Application, 2020-2027

    7.2.4 US

    7.2.4.1 Market Estimates & Forecast, 2020-2027

    7.2.4.2 Market Estimates & Forecast, by Type, 2020-2027

    7.2.4.3 Market Estimates & Forecast, by Application, 2020-2027

    7.2.5 Canada

    7.2.5.1 Market Estimates & Forecast, 2020-2027

    7.2.5.2 Market Estimates & Forecast, by Type, 2020-2027

    7.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

    7.2.6 Mexico

    7.2.6.1 Market Estimates & Forecast, 2020-2027

    7.2.6.2 Market Estimates & Forecast, by Type, 2020-2027

    7.2.6.3 Market Estimates & Forecast, by Application, 2020-2027

    7.3 Europe

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast, by Type, 2020-2027

    7.3.3 Market Estimates & Forecast, by Application, 2020-2027

    7.3.4 UK

    7.3.4.1 Market Estimates & Forecast, 2020-2027

    7.3.4.2 Market Estimates & Forecast, by Type, 2020-2027

    7.3.4.3 Market Estimates & Forecast, by Application, 2020-2027

    7.3.5 Germany

    7.3.5.1 Market Estimates & Forecast, 2020-2027

    7.3.5.2 Market Estimates & Forecast, by Type, 2020-2027

    7.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

    7.3.6 France

    7.3.6.1 Market Estimates & Forecast, 2020-2027

    7.3.6.2 Market Estimates & Forecast, by Type, 2020-2027

    7.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

    7.3.7 Italy

    7.3.7.1 Market Estimates & Forecast, 2020-2027

    7.3.7.2 Market Estimates & Forecast, by Type, 2020-2027

    7.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

    7.3.8 Rest of Europe

    7.3.8.1 Market Estimates & Forecast, 2020-2027

    7.3.8.2 Market Estimates & Forecast, by Type, 2020-2027

    7.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

    7.4 Asia-Pacific

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast, by Type, 2020-2027

    7.4.3 Market Estimates & Forecast, by Application, 2020-2027

    7.4.4 China

    7.4.4.1 Market Estimates & Forecast, 2020-2027

    7.4.4.2 Market Estimates & Forecast, by Type, 2020-2027

    7.4.4.3 Market Estimates & Forecast, by Application, 2020-2027

    7.4.5 Japan

    7.4.5.1 Market Estimates & Forecast, 2020-2027

    7.4.5.2 Market Estimates & Forecast, by Type, 2020-2027

    7.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

    7.4.6 India

    7.4.6.1 Market Estimates & Forecast, 2020-2027

    7.4.6.2 Market Estimates & Forecast, by Type, 2020-2027

    7.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

    7.4.7 Rest of Asia-Pacific

    7.4.7.1 Market Estimates & Forecast, 2020-2027

    7.4.7.2 Market Estimates & Forecast, by Type, 2020-2027

    7.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

    7.5 Rest of the World

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast, by Type, 2020-2027

    7.5.3 Market Estimates & Forecast, by Application, 2020-2027

    7.5.4 South America

    7.5.4.1 Market Estimates & Forecast, 2020-2027

    7.5.4.2 Market Estimates & Forecast, by Type, 2020-2027

    7.5.4.3 Market Estimates & Forecast, by Application, 2020-2027

    7.5.5 Middle East & Africa

    7.5.5.1 Market Estimates & Forecast, 2020-2027

    7.5.5.2 Market Estimates & Forecast, by Type, 2020-2027

    7.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8 Competitive Landscape

    9 Company Profile

    9.1 Stora Enso (Finland)

    9.1.1 Company Overview

    9.1.2 Products/Services Offered

    9.1.3 Financial Overview

    9.1.4 Key Developments

    9.1.5 Key Strategies

    9.1.6 SWOT Analysis

    9.2 KLH Massivholz GmbH (Austria)

    9.2.1 Company Overview

    9.2.2 Products/Services Offered

    9.2.3 Financial Overview

    9.2.4 Key Developments

    9.2.5 Key Strategies

    9.2.6 SWOT Analysis

    9.3 Binderholz Bausysteme GmbH (Austria)

    9.3.1 Company Overview

    9.3.2 Products/Services Offered

    9.3.3 Financial Overview

    9.3.4 Key Developments

    9.3.5 Key Strategies

    9.3.6 SWOT Analysis

    9.4 Mayr-Melnhof Holz Holding AG (Austria)

    9.4.1 Company Overview

    9.4.2 Products/Services Offered

    9.4.3 Financial Overview

    9.4.4 Key Developments

    9.4.5 Key Strategies

    9.4.6 SWOT Analysis

    9.5 HASSLACHER Holding GmbH (Austria)

    9.5.1 Company Overview

    9.5.2 Products/Services Offered

    9.5.3 Financial Overview

    9.5.4 Key Developments

    9.5.5 Key Strategies

    9.5.6 SWOT Analysis

    9.6 Structurlam Mass Timber Corporation (Canada)

    9.6.1 Company Overview

    9.6.2 Products/Services Offered

    9.6.3 Financial Overview

    9.6.4 Key Developments

    9.6.5 Key Strategies

    9.6.6 SWOT Analysis

    9.7 Ed. Züblin AG (Germany)

    9.7.1 Company Overview

    9.7.2 Products/Services Offered

    9.7.3 Financial Overview

    9.7.4 Key Developments

    9.7.5 Key Strategies

    9.7.6 SWOT Analysis

    9.8 Eugen Decker Holzindustrie KG (Germany)

    9.8.1 Company Overview

    9.8.2 Products/Services Offered

    9.8.3 Financial Overview

    9.8.4 Key Developments

    9.8.5 Key Strategies

    9.8.6 SWOT Analysis

    9.9 Sterling Lumber Company (US)

    9.9.1 Company Overview

    9.9.2 Products/Services Offered

    9.9.3 Financial Overview

    9.9.4 Key Developments

    9.9.5 Key Strategies

    9.9.6 SWOT Analysis

    9.10 W. u. J. Derix GmbH & Co. (Germany)

    9.10.1 Company Overview

    9.10.2 Products/Services Offered

    9.10.3 Financial Overview

    9.10.4 Key Developments

    9.10.5 Key Strategies

    9.10.6 SWOT Analysis

    List of Tables

    Table 1 Cross Laminated Timber Market, by Region, 2020-2027

    Table 2 North America: Cross Laminated Timber Market, by Country, 2020-2027

    Table 3 Europe: Cross Laminated Timber Market, by Country, 2020-2027

    Table 4 Asia-Pacific: Cross Laminated Timber Market, by Country, 2020-2027

    Table 5 RoW: Cross Laminated Timber Market, by Country, 2020-2027

    Table 6 Cross Laminated Timber Market, by Type, by Region, 2020-2027

    Table 7 North America: Cross Laminated Timber Market, by Type, by Country, 2020-2027

    Table 8 Europe: Cross Laminated Timber Market, by Type, by Country, 2020-2027

    Table 9 Asia-Pacific: Cross Laminated Timber Market by Type, by Country, 2020-2027

    Table 10 RoW: Cross Laminated Timber Market by Type, by Country, 2020-2027

    Table 11 Cross Laminated Timber Market, by Application, by Region, 2020-2027

    Table 12 North America: Cross Laminated Timber Market, by Application, by Country, 2020-2027

    Table 13 Europe: Cross Laminated Timber Market, by Application, by Country, 2020-2027

    Table 14 Asia-Pacific: Cross Laminated Timber Market by Application, by Country, 2020-2027

    Table 15 RoW: Cross Laminated Timber Market by Application, by Country, 2020-2027

    Table 16 Cross Laminated Timber Market, by Region, 2020-2027

    Table 17 Cross Laminated Timber Market, by Type, 2020-2027

    Table 18 Cross Laminated Timber Market, by Application, 2020-2027

    Table 19 North America: Cross Laminated Timber Market, by Country

    Table 20 North America: Cross Laminated Timber Market, by Type

    Table 21 North America: Cross Laminated Timber Market, by Application

    Table 22 Europe: Cross Laminated Timber Market, by Country

    Table 23 Europe: Cross Laminated Timber Market, by Type

    Table 24 Europe: Cross Laminated Timber Market, by Application

    Table 25 Asia-Pacific: Cross Laminated Timber Market, by Country

    Table 26 Asia-Pacific: Cross Laminated Timber Market, by Type

    Table 27 Asia-Pacific: Cross Laminated Timber Market, by Application

    Table 28 RoW: Cross Laminated Timber Market, by Region

    Table 29 RoW: Cross Laminated Timber Market, by Region

    Table 30 RoW: Cross Laminated Timber Market, by Type

    Table 31 RoW: Cross Laminated Timber Market, by Application

    List of Figures

    FIGURE 1 Research Process of MRFR

    FIGURE 2 Top-Down and Bottom-Up Approach

    FIGURE 3 Market Dynamics

    FIGURE 4 Impact Analysis: Market Drivers

    FIGURE 5 Impact Analysis: Market Restraints

    FIGURE 6 Porter’s Five Forces Analysis

    FIGURE 7 Value Chain Analysis

    FIGURE 8 Cross Laminated Timber Market Share, by Type, 2020 (%)

    FIGURE 9 Cross Laminated Timber Market, by Type, 2020-2027 (USD MILLION)

    FIGURE 10 Cross Laminated Timber Market Share, by Application, 2020 (%)

    FIGURE 11 Cross Laminated Timber Market, by Application, 2020-2027 (USD MILLION)

    FIGURE 12 Cross Laminated Timber Market Share (%), by Region, 2020

    FIGURE 13 Cross Laminated Timber Market, by Region, 2020-2027 (USD MILLION)

    FIGURE 14 North America: Cross Laminated Timber Market Share (%), 2020

    FIGURE 15 North America: Cross Laminated Timber Market by Country, 2020-2027 (USD MILLION)

    FIGURE 16 Europe: Cross Laminated Timber Market Share (%), 2020

    FIGURE 17 Europe: Cross Laminated Timber Market, by Country, 2020-2027 (USD MILLION)

    FIGURE 18 Asia-Pacific: Cross Laminated Timber Market Share (%), 2020

    FIGURE 19 Asia-Pacific: Cross Laminated Timber Market, by Country, 2020-2027 (USD MILLION)

    FIGURE 20 Rest of the World: Cross Laminated Timber Market Share (%), 2020

    FIGURE 21 Rest of the World: Cross Laminated Timber Market by Country, 2020-2027 (USD MILLION)