European Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
European Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The European cross-laminated timber market size reached 1.6 Million Cubic Metres in 2022. Looking forward, IMARC Group expects the market to reach 2.9 Million Cubic Metres by 2028, exhibiting a growth rate (CAGR) of 11.15% during 2023-2028.
Cross-laminated timber, or CLT, is an engineered wood product, which is made by stacking layers of wood panels in perpendicular directions and fastening them together. This crosswise arrangement helps in increasing the structural strength, load-bearing capacity, dimensional stability and rigidity of the wood panels while reducing their shrinkage and swelling. CLT was first developed in Europe during the early 1990s and has now come to represent an important construction material in the region. It is also used for a number of residential and commercial applications, either in combination with other building materials and wood products or as a standalone system.
CLT represents an inexpensive, flexible and time-saving substitute to conventional construction materials such as concrete, steel and masonry. This is a result of the prefabrication of CLT according to the desired dimensions and shapes that reduces on-site waste, as well as saves installation time. Moreover, it represents an environment-friendly and sustainable building material as it is made of wood. CLT panels also help in reducing the amount of carbon dioxide present in the environment by trapping more than 1500 kg of CO2 per ton. The manufacturing and transportation of CLT also produce lesser pollution as compared to conventional building materials. One of the significant factors that have facilitated the demand for CLT in the European region is the green building movement, which requires constructors to use sustainable and eco-friendly construction materials. Amendments in the International Building Code 2015, allowing the use of CLT for the large building, has also helped in expanding the market. Enhanced marketing and increasing awareness about the advantages of CLT, along with improved distribution channels, represent some of the other growth-inducing factors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the European cross-laminated timber market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application, product type, element type, raw material type, bonding method, panel layers, adhesive type, press type, storey class and application type.
Breakup by Application:
Residential
Educational Institutes
Government/Public Buildings
Commercial Spaces
At present, the residential sector represents the largest segment, holding the majority of the total market share.
Breakup by Product Type:
Custom CLT
Blank CLT
Custom CLT currently represents the most popular type, accounting for the dominant share.
Breakup by Element Type:
Wall Panels
Flooring Panels
Roofing Slabs
Others
Amongst these, wall panels account for nearly half of the total market share.
Breakup by Raw Material Type:
Spruce
Pine
Fir
Others
Presently, spruce is mostly used in the production of CLT panels.
Breakup by Bonding Method:
Adhesive Bonded
Mechanically Fastened
Adhesive bonding is the dominant segment, holding the majority of the total market share.
Breakup by Panel Layers:
3-Ply
5-Ply
7-Ply
Others
Breakup by Adhesive Type:
PUR (Polyurethane)
PRF (Phenol Resorcinol Formaldehyde)
MUF (Melamine-Urea-Formaldehyde)
Others
PUR (polyurethane resin) is the most popular adhesive used for fastening CLT panels.
Breakup by Press Type:
Hydraulic Press
Vacuum Press
Pneumatic Press
Others
At present, CLT panels are primarily manufactured using a hydraulic press.
Breakup by Storey Class:
Low-Rise Buildings (1-4 Storeys)
Mid-Rise Buildings (5-10 Storeys)
High-Rise Buildings (More than 10 Storeys)
Breakup by Application Type:
Structural Applications
Non-Structural Applications
Structural applications represent the largest segment.
Regional Insights:
Austria
Germany
Italy
Switzerland
Czech Republic
Spain
Norway
Sweden
United Kingdom
Others
Region-wise, Austria exhibits a clear dominance in the market.
Competitive Landscape:
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
Stora Enso Oyj
KLH Massivholz GmbH
Binderholz GmbH
Mayr Melnhof Karton AG
Hasslacher Holding GmbH
Key Questions Answered in This Report
1. What was the size of the European cross-laminated timber market in 2022?
2. What is the expected growth rate of the European cross-laminated timber market during 2023-2028?
3. What are the key factors driving the European cross-laminated timber market?
4. What has been the impact of COVID-19 on the European cross-laminated timber market?
5. What is the breakup of the European cross-laminated timber market based on the application?
6. What is the breakup of the European cross-laminated timber market based on the product type?
7. What is the breakup of the European cross-laminated timber market based on the element type?
8. What is the breakup of the European cross-laminated timber market based on the raw material type?
9. What is the breakup of the European cross-laminated timber market based on the bonding method?
10. What is the breakup of the European cross-laminated timber market based on the panel layers?
11. What is the breakup of the European cross-laminated timber market based on the adhesive type?
12. What is the breakup of the European cross-laminated timber market based on the press type?
13. What is the breakup of the European cross-laminated timber market based on the storey class?
14. What is the breakup of the European cross-laminated timber market based on the application type?
15. What are the key regions in the European cross-laminated timber market?
16. Who are the key players/companies in the European cross-laminated timber market?
Market Overview:
The European cross-laminated timber market size reached 1.6 Million Cubic Metres in 2022. Looking forward, IMARC Group expects the market to reach 2.9 Million Cubic Metres by 2028, exhibiting a growth rate (CAGR) of 11.15% during 2023-2028.
Cross-laminated timber, or CLT, is an engineered wood product, which is made by stacking layers of wood panels in perpendicular directions and fastening them together. This crosswise arrangement helps in increasing the structural strength, load-bearing capacity, dimensional stability and rigidity of the wood panels while reducing their shrinkage and swelling. CLT was first developed in Europe during the early 1990s and has now come to represent an important construction material in the region. It is also used for a number of residential and commercial applications, either in combination with other building materials and wood products or as a standalone system.
CLT represents an inexpensive, flexible and time-saving substitute to conventional construction materials such as concrete, steel and masonry. This is a result of the prefabrication of CLT according to the desired dimensions and shapes that reduces on-site waste, as well as saves installation time. Moreover, it represents an environment-friendly and sustainable building material as it is made of wood. CLT panels also help in reducing the amount of carbon dioxide present in the environment by trapping more than 1500 kg of CO2 per ton. The manufacturing and transportation of CLT also produce lesser pollution as compared to conventional building materials. One of the significant factors that have facilitated the demand for CLT in the European region is the green building movement, which requires constructors to use sustainable and eco-friendly construction materials. Amendments in the International Building Code 2015, allowing the use of CLT for the large building, has also helped in expanding the market. Enhanced marketing and increasing awareness about the advantages of CLT, along with improved distribution channels, represent some of the other growth-inducing factors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the European cross-laminated timber market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application, product type, element type, raw material type, bonding method, panel layers, adhesive type, press type, storey class and application type.
Breakup by Application:
Residential
Educational Institutes
Government/Public Buildings
Commercial Spaces
At present, the residential sector represents the largest segment, holding the majority of the total market share.
Breakup by Product Type:
Custom CLT
Blank CLT
Custom CLT currently represents the most popular type, accounting for the dominant share.
Breakup by Element Type:
Wall Panels
Flooring Panels
Roofing Slabs
Others
Amongst these, wall panels account for nearly half of the total market share.
Breakup by Raw Material Type:
Spruce
Pine
Fir
Others
Presently, spruce is mostly used in the production of CLT panels.
Breakup by Bonding Method:
Adhesive Bonded
Mechanically Fastened
Adhesive bonding is the dominant segment, holding the majority of the total market share.
Breakup by Panel Layers:
3-Ply
5-Ply
7-Ply
Others
Breakup by Adhesive Type:
PUR (Polyurethane)
PRF (Phenol Resorcinol Formaldehyde)
MUF (Melamine-Urea-Formaldehyde)
Others
PUR (polyurethane resin) is the most popular adhesive used for fastening CLT panels.
Breakup by Press Type:
Hydraulic Press
Vacuum Press
Pneumatic Press
Others
At present, CLT panels are primarily manufactured using a hydraulic press.
Breakup by Storey Class:
Low-Rise Buildings (1-4 Storeys)
Mid-Rise Buildings (5-10 Storeys)
High-Rise Buildings (More than 10 Storeys)
Breakup by Application Type:
Structural Applications
Non-Structural Applications
Structural applications represent the largest segment.
Regional Insights:
Austria
Germany
Italy
Switzerland
Czech Republic
Spain
Norway
Sweden
United Kingdom
Others
Region-wise, Austria exhibits a clear dominance in the market.
Competitive Landscape:
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
Stora Enso Oyj
KLH Massivholz GmbH
Binderholz GmbH
Mayr Melnhof Karton AG
Hasslacher Holding GmbH
Key Questions Answered in This Report
1. What was the size of the European cross-laminated timber market in 2022?
2. What is the expected growth rate of the European cross-laminated timber market during 2023-2028?
3. What are the key factors driving the European cross-laminated timber market?
4. What has been the impact of COVID-19 on the European cross-laminated timber market?
5. What is the breakup of the European cross-laminated timber market based on the application?
6. What is the breakup of the European cross-laminated timber market based on the product type?
7. What is the breakup of the European cross-laminated timber market based on the element type?
8. What is the breakup of the European cross-laminated timber market based on the raw material type?
9. What is the breakup of the European cross-laminated timber market based on the bonding method?
10. What is the breakup of the European cross-laminated timber market based on the panel layers?
11. What is the breakup of the European cross-laminated timber market based on the adhesive type?
12. What is the breakup of the European cross-laminated timber market based on the press type?
13. What is the breakup of the European cross-laminated timber market based on the storey class?
14. What is the breakup of the European cross-laminated timber market based on the application type?
15. What are the key regions in the European cross-laminated timber market?
16. Who are the key players/companies in the European cross-laminated timber market?
Table of Contents
170 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 European Cross Laminated Timber Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Price Trends
- 5.4.1 Key Price Indicators
- 5.4.2 Price Structure
- 5.4.3 Price Trends
- 5.5 Market Breakup by Country
- 5.6 Market Breakup by Application
- 5.7 Market Breakup by Product Type
- 5.8 Market Breakup by Element Type
- 5.9 Market Breakup by Raw Material Type
- 5.10 Market Breakup by Bonding Method
- 5.11 Market Breakup by Panel Layers
- 5.12 Market Breakup by Press Type
- 5.13 Market Breakup by Adhesive Type
- 5.14 Market Breakup by Storey Class
- 5.15 Market Breakup by Application Type
- 5.16 Market Forecast
- 5.17 SWOT Analysis
- 5.17.1 Overview
- 5.17.2 Strengths
- 5.17.3 Weaknesses
- 5.17.4 Opportunities
- 5.17.5 Threats
- 5.18 Value Chain Analysis
- 5.19 Porter’s Five Forces Analysis
- 5.19.1 Overview
- 5.19.2 Bargaining Power of Buyers
- 5.19.3 Bargaining Power of Suppliers
- 5.19.4 Degree of Rivalry
- 5.19.5 Threat of New Entrants
- 5.19.6 Threat of Substitutes
- 5.20 Key Market Drivers and Success Factors
- 6 Performance of Major Countries
- 6.1 Austria
- 6.1.1 Market Trends
- 6.1.2 Capacities of Key Players
- 6.1.3 Market Forecast
- 6.2 Germany
- 6.2.1 Market Trends
- 6.2.2 Capacities of Key Players
- 6.2.3 Market Forecast
- 6.3 Italy
- 6.3.1 Market Trends
- 6.3.2 Capacities of Key Players
- 6.3.3 Market Forecast
- 6.4 Switzerland
- 6.4.1 Market Trends
- 6.4.2 Capacities of Key Players
- 6.4.3 Market Forecast
- 6.5 Czech Republic
- 6.5.1 Market Trends
- 6.5.2 Capacities of Key Players
- 6.5.3 Market Forecast
- 6.6 Spain
- 6.6.1 Market Trends
- 6.6.2 Capacities of Key Players
- 6.6.3 Market Forecast
- 6.7 Norway
- 6.8 Sweden
- 6.9 United Kingdom
- 6.10 Others
- 7 Market by Application
- 7.1 Residential
- 7.2 Educational Institutes
- 7.3 Government/Public Buildings
- 7.4 Commercial Spaces
- 8 Market by Product Type
- 8.1 Custom CLT
- 8.2 Blank CLT
- 9 Market by Element Type
- 9.1 Wall Panels
- 9.2 Flooring Panels
- 9.3 Roofing Slabs
- 9.4 Others
- 10 Market by Raw Material Type
- 10.1 Spruce
- 10.2 Pine
- 10.3 Fir
- 10.4 Others
- 11 Market by Bonding Method
- 11.1 Adhesive Bonded
- 11.2 Mechanically Fastened
- 12 Market by Panel Layers
- 12.1 3-Ply
- 12.2 5-Ply
- 12.3 7-Ply
- 12.4 Others
- 13 Market by Adhesive Type
- 13.1 PUR (Polyurethane)
- 13.2 PRF (Phenol Resorcinol Formaldehyde)
- 13.3 MUF (Melamine-Urea-Formaldehyde)
- 13.4 Others
- 14 Market by Press Type
- 14.1 Hydraulic Press
- 14.2 Vacuum Press
- 14.3 Pneumatic Press
- 14.4 Others
- 15 Market by Storey Class
- 15.1 Low-Rise Buildings (1-4 Storeys)
- 15.2 Mid-Rise Buildings (5-10 Storeys)
- 15.3 High-Rise Buildings (More than 10 Storeys)
- 16 Market by Application Type
- 16.1 Structural Applications
- 16.2 Non-Structural Applications
- 17 Competitive Landscape
- 17.1 Market Structure
- 17.2 Production Capacities of Key Players
- 18 Cross Laminated Timber Manufacturing Process
- 18.1 Product Overview
- 18.2 Detailed Process Flow
- 18.3 Various Types of Unit Operations Involved
- 18.4 Mass Balance and Raw Material Requirements
- 19 Project Details, Requirements and Costs Involved
- 19.1 Land Requirements and Expenditures
- 19.2 Construction Requirements and Expenditures
- 19.3 Plant Layout
- 19.4 Plant Machinery
- 19.5 Machinery Pictures
- 19.6 Raw Material Requirements and Expenditures
- 19.7 Raw Material and Final Product Pictures
- 19.8 Packaging Requirements and Expenditures
- 19.9 Transportation Requirements and Expenditures
- 19.10 Utility Requirements and Expenditures
- 19.11 Manpower Requirements and Expenditures
- 19.12 Other Capital Investments
- 20 Loans and Financial Assistance
- 21 Project Economics
- 21.1 Capital Cost of the Project
- 21.2 Techno-Economic ParaMetres
- 21.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 21.4 Income Projections
- 21.5 Expenditure Projections
- 21.6 Taxation and Depreciation
- 21.7 Financial Analysis
- 21.8 Profit Analysis
- 22 Key Player Profiles
- 22.1 Stora Enso Oyj
- 22.2 KLH Massivholz GmbH
- 22.3 Binderholz GmbH
- 22.4 Mayr Melnhof Karton AG
- 22.5 Hasslacher Holding GmbH
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
