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Global Cross Laminated Timber Market Size, Share & Trends Analysis Report by Product (Adhesive Bonded CLT, Mechanically Fastened CLT), Application (Residential, Institutional), Region, and Segment Forecasts, 2021-2028

  • ID: 4396504
  • Report
  • December 2021
  • Region: Global
  • 145 Pages
  • Grand View Research

FEATURED COMPANIES

  • B&K Structures
  • Binderholz GmbH
  • Eugen Decker &WebMan
  • KLH Massivholz GmbH
  • MEIKEN LAMWOOD Corp
  • SchilligerHolz AG
The global cross laminated timber market size is expected to reach USD 2.7 billion by 2028, according to the report. The market is expected to expand at a CAGR of 13.6% from 2021 to 2028. Growing demand for lightweight, durable, and sustainable construction materials in residential, institutional, and commercial applications is anticipated to benefit market growth.



CLT is widely used in various applications such as residential, commercial, institutional, and other segments. The intrinsic properties of CLT such as high thermal performance, sound insulation, earthquake resistance, fire resistance, lightweight, durability, and low manufacturing costs are anticipated to promote the product demand, thereby driving the market growth.

CLT panels are light in weight, which, in turn, may increase the number of stories in the building, providing a better return on investment. The overall weight of the building is low, which provides ease of construction and enables faster construction as compared to steel and other concretes. The majority of the construction companies are adopting the use of CLT in building constructions.

Most of the players are actively involved in R&D to improve the strength, seismic, and fire performance of CLT so it can be an effective replacement for the concrete material. The top players in the market have adopted sustainable solutions by sourcing the wood to produce cross laminated timber from carefully managed sustainable forests keeping in mind the long-term benefits and prevailing regulatory rules.

Cross Laminated Timber Market Report Highlights

  • The adhesive bonded cross laminated timber segment is expected to witness the fastest CAGR of 13.5% from 2021 to 2028 as these panels are custom manufactured to their final dimensions, as per the construction needs, leading to less wastage of wood
  • The residential application segment accounted for USD 432.7 million in 2020 and is projected to witness a CAGR of 14.0% from 2021 to 2028. The rising adoption of eco-friendly construction materials as a substitute for non-biodegradable and recyclable materials is anticipated to promote demand
  • The institutional application segment is projected to witness a CAGR of 13.3% from 2021 to 2028 owing to growing trends of wood-based construction of schools in cold countries such as the U.S., Switzerland, and Canada
  • Europe accounted for the highest revenue share of 58.8% and is estimated to reach USD 1.5 billion by 2028, owing to the growing trends for using wooden products in construction applications
  • Austria accounted for a revenue share equivalent to USD 204.0 million in 2020 and is projected to witness a CAGR of 12.6% from 2021 to 2028. Rising corporate-related construction activities in commercial, industrial, and office sectors are projected to have a positive impact on market growth


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Frequently Asked Questions about the Global Cross Laminated Timber Market

What is the estimated value of the Global Cross Laminated Timber Market?

The Global Cross Laminated Timber Market was estimated to be valued at $1043.3 Million in 2021.

What is the growth rate of the Global Cross Laminated Timber Market?

The growth rate of the Global Cross Laminated Timber Market is 13.6%, with an estimated value of $2700.0 Million by 2028.

What is the forecasted size of the Global Cross Laminated Timber Market?

The Global Cross Laminated Timber Market is estimated to be worth $2700.0 Million by 2028.

Who are the key companies in the Global Cross Laminated Timber Market?

Key companies in the Global Cross Laminated Timber Market include Stora Enso Oyj, Mayr, MelnhofHolz Holding AG, Binderholz GmbH, XLam, Sterling Company, SchilligerHolz AG, KLH Massivholz GmbH and Eugen Decker &WebMan.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • B&K Structures
  • Binderholz GmbH
  • Eugen Decker &WebMan
  • KLH Massivholz GmbH
  • MEIKEN LAMWOOD Corp
  • SchilligerHolz AG

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales Channel Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Cross Laminated Timber Market-Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Opportunities
3.6. Penetration & Growth Prospect Mapping
3.7. Business Environmental Tools Analysis: Cross Laminated Timber Market
3.7.1. Porter’s Five Forces Analysis
3.7.1.1. Bargaining Power of Suppliers
3.7.1.2. Bargaining Power of Buyers
3.7.1.3. Threat of Substitution
3.7.1.4. Threat of New Entrants
3.7.1.5. Competitive Rivalry
3.7.2. PESTLE Analysis
3.7.2.1. Political Landscape
3.7.2.2. Economic Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technology Landscape
3.7.2.5. Environmental Landscape
3.7.2.6. Legal Landscape
Chapter 4. Cross Laminated Timber Market: Product Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Cross Laminated Timber Market: Product Movement Analysis, 2020 & 2028
4.3. Adhesive Bonded Cross laminated Timber
4.3.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
4.4. Mechanically Fastened Cross laminated Timber
4.4.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
Chapter 5. Cross Laminated Timber Market: Application Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Cross Laminated Timber Market: Application Movement Analysis, 2020 & 2028
5.3. Residential
5.3.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
5.4. Institutional
5.4.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
5.5. Commercial
5.5.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
5.6. Others
5.6.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
Chapter 6. Cross Laminated Timber Market: RegionalEstimates & Trend Analysis
6.1. Cross Laminated Timber Market: Regional movement analysis, 2020 & 2028
6.2. North America
6.2.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.5.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.5.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.6.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.2.6.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.4. Austria
6.3.4.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.5. Germany
6.3.5.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.5.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.5.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.6. Switzerland
6.3.6.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.6.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.6.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.7. Italy
6.3.7.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.7.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.3.7.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.4. New Zealand
6.4.4.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.5. China
6.4.5.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.5.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.5.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.6. Japan
6.4.6.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.6.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.6.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.7. Australia
6.4.7.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.7.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.4.7.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.5.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.5.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.6.2. Market estimates and forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6.6.3. Market estimates and forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
Chapter 7. Competitive Landscape
7.1. Key Global Players & their Initiatives & its Impact on the Market
7.2. Key Company/ Company Categorization
7.3. Vendor Landscape
7.4. Competitive Environment
7.5. Strategic Framework
Chapter 8. Company Profiles
8.1. Stora Enso Oyj
8.1.1. Company Overview
8.1.2. Financial performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Mayr-MelnhofHolz Holding AG
8.2.1. Company Overview
8.2.2. Financial performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Binderholz GmbH
8.3.1. Company Overview
8.3.2. Financial performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. XLam
8.4.1. Company Overview
8.4.2. Financial performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Sterling Company
8.5.1. Company Overview
8.5.2. Financial performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. SchilligerHolz AG
8.6.1. Company Overview
8.6.2. Financial performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. KLH Massivholz GmbH
8.7.1. Company Overview
8.7.2. Financial performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. B&K Structures
8.8.1. Company Overview
8.8.2. Financial performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Eugen Decker &WebMan
8.9.1. Company Overview
8.9.2. Financial performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Structurlam Mass Timber Corporation
8.10.1. Company Overview
8.10.2. Financial performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. SmartLam NA
8.11.1. Company Overview
8.11.2. Financial performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. MEIKEN LAMWOOD Corp
8.12.1. Company Overview
8.12.2. Financial performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
List of Tables
1. Adhesive bonded cross laminated timber market estimates & forecast, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
2. Mechanically fastened cross laminated timber market estimates & forecast, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
3. Cross laminated timber market estimates & forecast, in residential applications, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
4. Cross laminated timber market estimates & forecast, in institutional applications, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
5. Cross laminated timber market estimates & forecast, in commercial applications, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
6. Cross laminated timber market estimates & forecast, in other applications, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
7. North America cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters)(USD Million)
8. North America cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
9. North America cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
10. U.S. cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
11. U.S. cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
12. U.S.cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
13. Canada cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
14. Canada cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
15. Canada cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
16. Mexico cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
17. Mexico cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
18. Mexico cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
19. Europe cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
20. Europe cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
21. Europe cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
22. Austria cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
23. Austria cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
24. Austria cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
25. Germany cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
26. Germany cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
27. Germany cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
28. Switzerland cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
29. Switzerland cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
30. Switzerland cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
31. Italy cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
32. Italy cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
33. Italy cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
34. Asia Pacific cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
35. Asia Pacific cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
36. Asia Pacific cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
37. New Zealand cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
38. New Zealand cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
39. New Zealand cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
40. China cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
41. China cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
42. China cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
43. Japan cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
44. Japan cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
45. Japan cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
46. Australia cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
47. Australia cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
48. Australia cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
49. Central & South America cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
50. Central & South America cross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
51. Central & South America cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
52. Middle East & Africa cross laminated timber market estimates & forecasts, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
53. Middle East & Africacross laminated timber market estimates & forecasts, by product, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
54. Middle East & Africa cross laminated timber market estimates & forecasts, by application, 2017 - 2028 (Thousand Cubic Meters) (USD Million)
List of Figures
1. Cross laminated timber Market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research process
5. Primary research approaches
6. Cross laminated timber Value chain analysis
7. Cross laminated timber: Market dynamics
8. Cross laminated timber market driver analysis
9. Estimated CO2 emission during the construction stage (kg/m2)
10. Cross laminated timber market driver analysis
11. Variable cost components of cross laminated timber (%)
12. Cross laminated timber market: Product movement analysis, 2020 & 2028
13. Cross laminated timber market: Application movement analysis, 2020 & 2028
14. Cross laminated timber market - Key Company/Company Categorization
15. Cross laminated timber market - Strategic Framework
Note: Product cover images may vary from those shown
  • 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
  • SmartLam NA
  • MEIKEN LAMWOOD Corp
Note: Product cover images may vary from those shown

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