
North America Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
North America Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America cross-laminated timber market size reached US$ 152.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 400.2 Million by 2028, exhibiting a growth rate (CAGR) of 16.3% during 2023-2028.
Cross laminated timber (CLT) is an engineered wood product which was developed in Europe during the early 1990s. It is made by stacking layers of wood panel in alternating directions and bonding them with adhesives or fasteners. This arrangement helps in improving the strength, rigidity, dimensional stability and mechanical properties of the panels, and makes them suitable for load-bearing construction. In North America, CLT was first introduced during the early 2000s and, since then, its usage has gained momentum. It is now used either as a standalone system or in combination with other building materials in the construction of mid-rise and high-rise buildings for residential and commercial purposes.
As CLT is made from trees, it is renewable and sustainable in nature and helps in storing carbon from the environment. The manufacture, transportation and assembly of CLT also require lesser energy as compared to concrete, bricks, mortar, etc. Since the governments in the North American region are focusing on green building solutions, these factors are facilitating the applications of CLT in the construction industry. Moreover, as CLT is prefabricated and requires minimal installation time, it is more cost-efficient and easier to install as compared to other construction materials. It also offers design flexibility and has a certain aesthetic appeal, which have made it popular among interior designers and architects. Owing to these forces, the North America CLT market is expected to grow at a rapid pace during the next few years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America 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.
Breakup by Application:
To get more information about this market, Request Sample
Residential
Educational Institutes
Government/Public Buildings
Commercial Space
Breakup by Region:
United States
Canada
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being D.R. Johnson Lumber Co., Nordic Structures, SmartLam NA, Sterling Lumber, StructureCraft. and Structurlam Mass Timber Corporation.
Key Questions Answered in This Report
1. What was the size of the North America cross-laminated timber market in 2022?
2. What is the expected growth rate of the North America cross-laminated timber market during 2023-2028?
3. What are the key factors driving the North America cross-laminated timber market?
4. What has been the impact of COVID-19 on the North America cross-laminated timber market?
5. What is the breakup of the North America cross-laminated timber market based on the application?
6. What are the key regions in the North America cross-laminated timber market?
7. Who are the key players/companies in the North America cross-laminated timber market?
Table of Contents
136 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Key Industry Trends
- 5 North America Cross Laminated Timber Market
- 5.1Market Overview
- 5.2Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3Impact of COVID-19
- 5.4Market Forecast
- 6 Market Breakup by Application
- 6.1Residential
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2Educational Institutes
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3Government/ Public Buildings
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4Commercial Space
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Region
- 7.1United States
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2Canada
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 SWOT Analysis
- 8.1Overview
- 8.2Strengths
- 8.3Weaknesses
- 8.4Opportunities
- 8.5Threats
- 9 Value Chain Analysis
- 9.1Overview
- 9.2Forest Owner
- 9.3Sawmills
- 9.4Cross Laminated Timber Manufacturers
- 9.5Distributors and Retailers
- 9.6Exporters
- 9.7End-Use Industries
- 10 Porter’s Five Forces Analysis
- 10.1Overview
- 10.2Bargaining Power of Buyers
- 10.3Bargaining Power of Suppliers
- 10.4Degree of Competition
- 10.5Threat of New Entrants
- 10.6Threat of Substitutes
- 11 Key Market Drivers and Success Factors
- 12 Price Indicators
- 12.1Key Price Indicators
- 12.2Price Structure
- 12.3Price Trends
- 13 Environmental Impact/Benefit Analysis
- 14 Financial Impact/Benefit Analysis
- 15 Cross Laminated Timber Manufacturing Process
- 15.1Product Overview
- 15.2Detailed Process Flow
- 15.3Various Types of Unit Operations Involved
- 15.4Mass Balance and Raw Material Requirements
- 16 Project Details, Requirements and Costs Involved
- 16.1Land Requirements and Expenditures
- 16.2Construction Requirements and Expenditures
- 16.3Plant Layout
- 16.4Plant Machinery
- 16.5Machinery Pictures
- 16.6Raw Material Requirements and Expenditures
- 16.7Raw Material and Final Product Pictures
- 16.8Packaging Requirements and Expenditures
- 16.9Transportation Requirements and Expenditures
- 16.10Utility Requirements and Expenditures
- 16.11Manpower Requirements and Expenditures
- 16.12Other Capital Investments
- 17 Loans and Financial Assistance
- 18 Project Economics
- 18.1Capital Cost of the Project
- 18.2Techno-Economic Parameters
- 18.3Product Pricing and Margins Across Various Levels of the Supply Chain
- 18.4Income Projections
- 18.5Expenditure Projections
- 18.6Taxation and Depreciation
- 18.7Financial Analysis
- 18.8Profit Analysis
- 19 Competitive Landscape
- 19.1Market Structure
- 19.2Production Capacities of Key Players
- 19.3Profiles of Key Players
- 19.3.1 D.R. Johnson Lumber Co.
- 19.3.2 Nordic Structures
- 19.3.3 SmartLam NA
- 19.3.4 Sterling Lumber
- 19.3.5 StructureCraft
- 19.3.6 Structurlam Mass Timber Corporation
- List of Figures
- Figure 1: North America: CLT Market: Major Drivers and Challenges
- Figure 2: North America: CLT Market: Production Volume (in Cubic Metres), 2017-2022
- Figure 3: North America: CLT Market: Production Value (in Million US$), 2017-2022
- Figure 4: North America: CLT Market: Breakup by Application (in %), 2022
- Figure 5: North America: CLT Market: Breakup by Region (in %), 2022
- Figure 6: North America: CLT Market Forecast: Production Volume (in Cubic Metres), 2023-2028
- Figure 7: North America: CLT Market Forecast: Production Value (in Million US$), 2023-2028
- Figure 8: North America: CLT (Residential Sector) Market: Sales Volume (in Cubic Metres), 2017 & 2022
- Figure 9: North America: CLT (Residential Sector) Market Forecast: Sales Volume (in Cubic Metres), 2023-2028
- Figure 10: North America: CLT (Educational Institutes) Market: Sales Volume (in Cubic Metres), 2017 & 2022
- Figure 11: North America: CLT (Educational Institutes) Market Forecast: Sales Volume (in Cubic Metres), 2023-2028
- Figure 12: North America: CLT (Government/Public buildings) Market: Sales Volume (in Cubic Metres), 2017 & 2022
- Figure 13: North America: CLT (Government/Public buildings) Market Forecast: Sales Volume (in Cubic Metres), 2023-2028
- Figure 14: North America: CLT (Commercial Space) Market: Sales Volume (in Cubic Metres), 2017 & 2022
- Figure 15: North America: CLT Market (Commercial Space) Forecast: Sales Volume (in Cubic Metres), 2023-2028
- Figure 16: United States: CLT Market: Volume Trends (in Cubic Metres), 2017 & 2022
- Figure 17: United States: CLT Market Forecast: Volume Trends (in Cubic Metres), 2023-2028
- Figure 18: Canada: CLT Market: Volume Trends (in Cubic Metres), 2017 & 2022
- Figure 19: Canada: CLT Market Forecast: Volume Trends (in Cubic Metres), 2023-2028
- Figure 20: North America: CLT Industry: SWOT Analysis
- Figure 21: North America: CLT Industry: Value Chain Analysis
- Figure 22: North America: CLT Industry: Porter’s Five Forces Analysis
- Figure 23: North America: Cross laminated Timber Market: Price Structure
- Figure 24: North America: Cross laminated Timber Market: Average Prices (in US$/Cubic Metres), 2017-2028
- Figure 25: Environmental Impact Comparison: CLT over Concrete
- Figure 26: North America: CLT Industry: Five Storey Building Cost Comparison
- Figure 27: CLT Manufacturing Plant: Detailed Process Flow
- Figure 28: CLT Manufacturing Process: Conversion Rate of Products
- Figure 29: CLT Manufacturing Plant: Proposed Plant Layout
- Figure 30: CLT Manufacturing Plant: Breakup of Capital Costs (in %)
- Figure 31: CLT Industry: Margins Across Various Stages of the Supply Chain
- Figure 32: CLT Production: Manufacturing Cost Breakup (in %)
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.