Cross Laminated Timber (CLT)

Cross Laminated Timber (CLT)

Global Cross Laminated Timber (CLT) Market to Reach $3.7 Billion by 2030
The global market for Cross Laminated Timber (CLT) estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$3.7 Billion by 2030, growing at a CAGR of 14.6% over the period 2022-2030. Adhesive Bonded , one of the segments analyzed in the report, is projected to record 14.9% CAGR and reach US$3.3 Billion by the end of the analysis period. Growth in the Mechanically Fastened segment is estimated at 12.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $214.9 Million, While China is Forecast to Grow at 17.5% CAGR
The Cross Laminated Timber (CLT) market in the U.S. is estimated at US$214.9 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$337.8 Million by the year 2030 trailing a CAGR of 17.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.2% and 14.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.Select Competitors (Total 60 Featured) -

• Stora Enso Oyj
• Moelven Industrier ASA
• Holmen AB
• Ramboll Group A/S
• Lignotrend GmbH & Company KG
• Setra Group AB
• Binderholz GmbH
• Freres Lumber Co., Inc.
• HASSLACHER Holding GmbH (Hasslacher Norica Timber)
• Nordic Structures
• Mercer International Inc.
• Pfeifer Holding GmbH
• Segezha Group
• W. U. J. Derix GmbH & Co.
• Ledinek Engineering d.o.o.

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