Global Cross Laminated Timber (CLT) Market Growth 2023-2029
The Cross Laminated Timber (CLT) industry can be broken down into several segments, Adhesive-bonded CLT, Mechanically Fastened CLT, etc.
Across the world, the major players cover Stora Enso, Binderholz, etc.
Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity in Europe Others and Austria as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. The system consists of multilayer panels made from solid wood boards stacked crosswise and glued together. The cross-laminated configuration improves rigidity, dimensional stability, and mechanical properties. Structurally, CLT offers performance comparable to concrete or steel, with panels suitable for use as walls, floors, and roofs and other applications.
LPI (LP Information)' newest research report, the “Cross Laminated Timber (CLT) Industry Forecast” looks at past sales and reviews total world Cross Laminated Timber (CLT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Cross Laminated Timber (CLT) sales for 2023 through 2029. With Cross Laminated Timber (CLT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cross Laminated Timber (CLT) industry.
This Insight Report provides a comprehensive analysis of the global Cross Laminated Timber (CLT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cross Laminated Timber (CLT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cross Laminated Timber (CLT) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cross Laminated Timber (CLT) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cross Laminated Timber (CLT).
The global Cross Laminated Timber (CLT) market size is projected to grow from US$ 604.8 million in 2022 to US$ 1183.2 million in 2029; it is expected to grow at a CAGR of 1183.2 from 2023 to 2029.
Currently, the world's major manufacturers include Stora Enso, Binderholz, KLH Massivholz, Mayr-Melnhof Holz, etc. At present, Binderholz is the world's largest CLT producer, accounting for 20% of the world.
This report presents a comprehensive overview, market shares, and growth opportunities of Cross Laminated Timber (CLT) market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Mechanically Fastened CLT
Segmentation by application
This report also splits the market by region:
Middle East & Africa
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ZÜBLIN Timber Construction
W. u. J. Derix
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cross Laminated Timber (CLT) market?
What factors are driving Cross Laminated Timber (CLT) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cross Laminated Timber (CLT) market opportunities vary by end market size?
How does Cross Laminated Timber (CLT) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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