Global Glue-Laminated Timber (Glulam) Market Report and Forecast 2023-2028

According to the report, the global glue-laminated timber market reached a value of USD 2,927.2 million in 2022. Aided by the rising demand for sustainable construction materials and the versatile applications of glue-laminated timber in multiple industries, the market is projected to further grow at a CAGR of 5.06% between 2023 and 2028 to reach a value of USD 3,572.0 million by 2028.

Glue-laminated timber, often abbreviated as glulam, is a structural timber product formed by bonding individual timber laminations together with a durable adhesive. This composite material blends the natural aesthetic of wood with enhanced strength and structural integrity. It is prevalently utilised in both residential and commercial construction for beams, columns, bridges, and other structural elements. Due to its strength, dimensional stability, and design flexibility, glue-laminated timber has emerged as a preferred choice among architects and builders.

A significant force driving the global glue-laminated timber market growth is the global shift towards green and sustainable building practices. With heightened awareness about the environmental implications of construction materials and methods, there's a robust movement towards adopting materials like glulam that have a reduced carbon footprint and are derived from renewable sources.

Additionally, the mounting appreciation for aesthetic architectural designs which incorporate natural elements has further fuelled demand. Glue-laminated timber, with its ability to be moulded into varied shapes and its natural wooden appeal, fits seamlessly into contemporary architectural designs, thus experiencing heightened demand in modern infrastructural projects.

The versatile applications of glue-laminated timber significantly contribute to global glue-laminated timber market expansion. In residential construction, glulam is increasingly favoured for its ability to span large distances, providing open, column-free spaces, a design aspect much sought after in contemporary homes. In commercial spaces, including arenas, auditoriums, and other large public structures, glulam's strength and aesthetic appeal are being capitalised upon.

Within the industrial sector, the unique properties of glue-laminated timber, such as its resistance to fire and its capacity to bear substantial loads, make it an invaluable material for applications like bridge beams and utility poles. Moreover, advancements in adhesive technologies have further elevated the performance and reliability of glulam, broadening its applicability which is further augmenting the glue-laminated timber market growth.

Market Segmentation

The market can be divided based on end use, application, and region.

Market Breakup by End Use

• New Construction
• Replacement

Market Breakup by Application

• Floor Beams
• Window and Door Header
• Trusses and Supporting Columns
• Roof Beams
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global glue-laminated timber companies. Some of the major key players explored in the report are as follows:

• Boise Cascade Company
• Western Forest Products Inc
• Canfor Corporation
• Binderholz GmbH
• Structural Wood Systems
• Mayr-Melnhof Holz Holding AG
• Pfeifer Holz GmbH
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.