Cross-laminated timber is a type of wood panel created by gluing layers of solid-sawn lumber together. It's a kind of engineered wood that's used as a building material and designed to complement the light and heavy-timber framing options. It can be used as a substitute for steel, concrete, and masonry in a variety of building forms due to its dimensional stability and high strength. It is more cost-effective and environmentally sustainable because it releases fewer greenhouse gases.
MARKET DYNAMICS
As wood evolves as a low-cost and sustainable alternative to steel and concrete, demand for cross-laminated timber is increasing. Over the forecast period, evolving customer preferences for wood-based construction, as well as high thermal efficiency and insulation properties, are expected to drive market growth. However, poor acoustic efficiency and an increase in the use of harmful adhesives or solvents are cited as reasons for the cross-laminated timber market's decline.
MARKET SCOPE
The "Global Cross Laminated Timber Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the cross-laminated timber market with detailed market segmentation by type and application. The global cross-laminated timber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cross-laminated timber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
By Type
- Adhesive-bonded Cross-laminated Timber
- Mechanically Fastened Cross-laminated Timber
By Application
- Residential Buildings
- Educational Institutes
- Government/Public Buildings
- Industrial & Commercial Spaces
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global cross-laminated timber market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The cross-laminated timber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cross-laminated timber market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the cross-laminated timber market in these regions.
MARKET PLAYERS
The report covers vital developments in the cross-laminated timber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the cross-laminated timber market are anticipated to lucrative growth opportunities in the future with the rising demand for cross-laminated timber in the global market. Below mentioned is the list of few companies engaged in the cross-laminated timber market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cross-laminated timber market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Binderholz GmbH
- SmartLam
- Stora Enso
- Schillinger Holz AG
- Mayr-Melnhof Holz
- Eugen Decker
- Sterling Lumber
- Kattera
- XLam Limited
- Derix Group
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.