The global market for Cross Laminated Timber (CLT) was estimated at US$1.7 Billion in 2024 and is projected to reach US$3.8 Billion by 2030, growing at a CAGR of 14.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Cross Laminated Timber (CLT) market.
The manufacturing process of CLT involves selecting high-quality timber, which is then kiln-dried to the appropriate moisture content. The boards are planed and sorted before being laminated with adhesive under high pressure to form large panels. These panels can be up to several meters wide and long, and their thickness can vary depending on the number of layers used. The cross-laminated structure provides excellent load-bearing capacity and resistance to seismic forces, making CLT an ideal choice for constructing multi-story buildings. Additionally, CLT offers superior thermal insulation and acoustic performance, enhancing the comfort and energy efficiency of buildings. The use of CLT also contributes to sustainability, as it sequesters carbon dioxide and utilizes renewable wood resources, supporting the growing trend towards green building practices.
The growth in the Cross Laminated Timber market is driven by several factors, including increasing environmental awareness, advancements in building technologies, and supportive government policies. As the construction industry seeks to reduce its carbon footprint, CLT has emerged as a viable solution due to its low environmental impact and renewable nature. Technological advancements have improved the manufacturing efficiency and performance characteristics of CLT, making it more competitive with traditional building materials. Additionally, regulatory changes and building codes in many regions now recognize and support the use of mass timber in construction, encouraging wider adoption. The rising demand for sustainable and energy-efficient buildings, coupled with the material`s aesthetic appeal and design flexibility, is further propelling market growth. Moreover, the ongoing research and development efforts aimed at enhancing the fire resistance and durability of CLT are expanding its application range, ensuring continued market expansion in the coming years.
Global Cross Laminated Timber (CLT) Market - Key Trends & Drivers Summarized
Cross Laminated Timber (CLT) is an innovative building material that has revolutionized the construction industry by offering a sustainable and versatile alternative to traditional materials such as steel and concrete. Developed in the early 1990s in Austria and Germany, CLT is made by gluing together layers of solid-sawn lumber, with each layer arranged perpendicular to the previous one. This crosswise arrangement enhances the structural integrity and dimensional stability of the panels, making them exceptionally strong and rigid. CLT panels are prefabricated in factories according to precise specifications, which allows for rapid on-site assembly and reduced construction times. The material is used in a wide range of applications, including residential, commercial, and institutional buildings, due to its strength, flexibility, and environmental benefits.The manufacturing process of CLT involves selecting high-quality timber, which is then kiln-dried to the appropriate moisture content. The boards are planed and sorted before being laminated with adhesive under high pressure to form large panels. These panels can be up to several meters wide and long, and their thickness can vary depending on the number of layers used. The cross-laminated structure provides excellent load-bearing capacity and resistance to seismic forces, making CLT an ideal choice for constructing multi-story buildings. Additionally, CLT offers superior thermal insulation and acoustic performance, enhancing the comfort and energy efficiency of buildings. The use of CLT also contributes to sustainability, as it sequesters carbon dioxide and utilizes renewable wood resources, supporting the growing trend towards green building practices.
The growth in the Cross Laminated Timber market is driven by several factors, including increasing environmental awareness, advancements in building technologies, and supportive government policies. As the construction industry seeks to reduce its carbon footprint, CLT has emerged as a viable solution due to its low environmental impact and renewable nature. Technological advancements have improved the manufacturing efficiency and performance characteristics of CLT, making it more competitive with traditional building materials. Additionally, regulatory changes and building codes in many regions now recognize and support the use of mass timber in construction, encouraging wider adoption. The rising demand for sustainable and energy-efficient buildings, coupled with the material`s aesthetic appeal and design flexibility, is further propelling market growth. Moreover, the ongoing research and development efforts aimed at enhancing the fire resistance and durability of CLT are expanding its application range, ensuring continued market expansion in the coming years.
SCOPE OF STUDY:
The report analyzes the Cross Laminated Timber (CLT) market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Product Type (Adhesive Bonded, Mechanically Fastened); Application (Residential, Institutional, Commercial, Other Applications)
- Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Adhesive Bonded segment, which is expected to reach US$3.4 Billion by 2030 with a CAGR of a 14.9%. The Mechanically Fastened segment is also set to grow at 12.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $282.6 Million in 2024, and China, forecasted to grow at an impressive 17.4% CAGR to reach $337.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cross Laminated Timber (CLT) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cross Laminated Timber (CLT) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cross Laminated Timber (CLT) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Stora Enso Oyj, Moelven Industrier ASA, Holmen AB, Ramboll Group A/S, Lignotrend GmbH & Company KG and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 60 companies featured in this Cross Laminated Timber (CLT) market report include:
- 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.
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYGLOBAL BRANDS2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 351 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.7 Billion |
| Forecasted Market Value ( USD | $ 3.8 Billion |
| Compound Annual Growth Rate | 14.6% |
| Regions Covered | Global |
