Global Cross Laminated Timber Market Size study, by Product (Adhesive Bonded CLT, Mechanically Fastened CLT) by Application (Residential, Institutional) and Regional Forecasts 2022-2028Global Cross Laminated Timber Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Cross Laminated Timber is a form of wood panel effect created by glueing together layers of solid swan lumber cut from a single log. Each layer of cross-laminated timber is normally glued on the wide faces of each board, which are often symmetrical so that the outer layers have the same orientation. The increase in production capacity has led the adoption of Cross Laminated Timber across the forecast period. For Instance: in 2020, Pfeifer a German based company started expansion phase of the production size in Schlitz in Hesse. And the company aims to produce up to 100,000 m of CLT every year at the site. Also, with the increasing awareness among the consumers the adoption & demand for Cross Laminated Timber is likely to increase the market growth during the forecast period. However, regulations are pertaining to wood products impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Cross Laminated Timber Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the trends for using wooden products in construction applications are expected to support the market growth over the forecast period 2022 to 2028. Whereas, North America is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as rising disposable income, increased demand for cross lamination timber products would create lucrative growth prospects for the Cross Laminated Timber market across Asia-Pacific region.

Major market player included in this report are:
Stora Enso Oyj
Mayr-MelnhofHolz Holding AG
Binderholz GmbH
XLam
Sterling Company
SchilligerHolz AG
KLH Massivholz GmbH
B&K Structures
Eugen Decker & WebMan
Structurlam Mass Timber Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Adhesive Bonded CLT
Mechanically Fastened CLT
By Application:
Residential
Institutional
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028

Target Audience of the Global Cross Laminated Timber Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Stora Enso Oyj
Mayr-MelnhofHolz Holding AG
Binderholz GmbH
XLam
Sterling Company
SchilligerHolz AG
KLH Massivholz GmbH
B&K Structures
Eugen Decker & WebMan
Structurlam Mass Timber Corporation