The global glue laminated timber market has been segmented region-wise that includes North America, Europe, Asia-Pacific, and Rest of the world (RoW). The demand for glulam in Asia Pacific is projected to grow at a high CAGR on account of favorable policies for infrastructure and housing development. The product offers exceptional design flexibility; therefore, it can be used in various projects such as warehouse roof, beams, and highway bridges. Easy financing options available for private housing and commercial buildings is projected to ease growth of the construction sector, thereby, positively influencing the demand for glue laminated timber in Asia-Pacific.
Preference and accreditations given for construction of green buildings is also anticipated to propel demand for glulam. Glue laminated timber can be manufactured from a wide variety of small trees that are harvested from second or third growth plantations and forests. This reduces dependability on large growth-dependent timber. The aesthetic appeal and environment-friendliness of glue laminated timber is expected to boost market demand in the North American and European region.
Increasing number of new construction projects in the Middle East & South American region is also anticipated to favor market growth. Saudi Arabia, Egypt, UAE, and Kuwait are some of the largest spenders in the construction industry. Extensive investments in the upgradation of rail, port, and airport facilities coupled with development of healthcare and leisure establishments is anticipated to augment market growth.
Boise Cascade Co., Pfeifer Holz GmbH, Setra Group AB, Canfor Corporation, Calvert Company Inc., Binderholz GmbH., Mayr-Melnhof Holz Holding AG, Schilliger Holz AG, Structurlam, and Hasslacher Holding GmbH. The presence of a large number of small and large companies operating in the glue laminated timber market is projected to increase competitive rivalry in the market place. Competitive pricing, technological advancements, new product developments, and expansions are some of the strategic initiatives taken up by key manufacturers.
The global glue laminated timber market has been segmented on the basis of application into commercial, residential, and others. The residential segment was estimated to occupy the largest share in 2017 and is also projected to grow at a high CAGR over the forecast period. Increasing repair & renovation activities coupled with the growing spending on interior designing solutions is projected to augment demand for glulam over the coming years. Investments in developing affordable housing solutions is also anticipated to boost market growth.
The commercial segment is projected to occupy the second largest share in the market. Extensive usage of glulams in office buildings, hotels, bridges, gymnasium, public & government buildings, hospitals, airports, and recreational facilities is expected to increase product demand. Some of the factors responsible for the high demand for glulam are its economical cost, stiffness, and strength as compared to other lumber products. The use of moisture resistant adhesives while manufacturing glue laminated timber makes it a preferred choice in beams, curved members, and architecture that requires structural sturdiness.
|Market Size||2027: Significant Value|
|CAGR||5.5% CAGR (2020-2027)|
|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||Boise Cascade Co., Pfeifer Holz GmbH, Setra Group AB, Canfor Corporation, Calvert Company Inc., Binderholz GmbH., Mayr-Melnhof Holz Holding AG, Schilliger Holz AG, Structurlam, and Hasslacher Holding GmbH|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Glue Laminated timber market would record 5.5% CAGR during the forecast period.
Favorable infrastructure and housing policies would drive the APAC glue laminated timber market.
Increase in number of new construction projects would drive Middle Eastern and South American glue laminated timber market.
The residential segment would dominate glue laminated timber market.
Market players are Pfeifer Holz GmbH, Boise Cascade Co., Canfor Corporation, Setra Group AB, Binderholz GmbH., Structurlam, Calvert Company Inc., Schilliger Holz AG, Mayr-Melnhof Holz Holding AG, and Hasslacher Holding GmbH.