The cross-laminated timber market is expected to reach US dollars

Raipur, Nov. 25, 2022 (GLOBE NEWSWIRE) — Stratview Research, one of the leading market research company launched a report on the Cross laminated wood market which provides an in-depth analysis of market dynamics, current and emerging trends, industry forecasts, and the competitive landscape.

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How is the report useful?

The report has very high utility for key decision makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.

More importantly, the report analyzes the possible impact of COVID-19 on the market dynamics which offers a cushion against the uncertain economic environment and helps in streamlining the resources and investment decisions in a fruitful manner.

What are the main market drivers?

According to the report, the cross laminated timber market is driven by a number of factors some of which are mentioned below:

  • Growing awareness of the environmental hazards caused by the use of cementitious concrete in infrastructure construction along with the growing number of cross-laminated timber producers and increasing demand for green homes.
  • Additionally, government support initiatives around the world accompanying the transition from concrete to wood construction are having a positive impact on the market.
  • Also, as the overall cost of CLT construction is decreasing due to the growing number of suppliers and shorter construction times.

The report also includes growth rate estimates based on the intensity of drivers and constraints and provides users with several graphical illustrations of key information.

Cross laminated wood market Segmentation:

Stratview Research has segmented the market in the following ways that meet the market data needs of multiple stakeholders along the industry value chain.

  • By type of raw material (spruce, fir, pine, larch and others)
  • By type of print (plumbing, vacuum, pneumatic, nails and others)
  • By type of application (Residential, Commercial and Industrial)
  • By Region (North America, Europe, Asia-Pacific and Rest of the World)

Cross laminated wood market Insights

Market trends by type of printing press

The market is segmented as hydraulic, vacuum, pneumatic, nail and others. Controlled hydraulic presses more than 60% of the market share in 2021 and they should maintain their indisputable advantages even during the forecast period. Hydraulic presses are widely used in CLT manufacturing plants. The growth of the sector can be attributed to the growing demand for X-LAM for residential construction and to the increase in production capacity by the main players operating in the sector.

Market trends by type of application

The market is divided into residential, non-residential and industrial. The residential segment holds a market share above 44.4% in 2021 and is expected to dominate the market during the forecast period. The excellent structural strength and recyclable nature of cross-laminated timber is expected to fuel market expansion in the residential sector.

The growing investments by the governments of various countries like USA, Canada, India, China, Japan, Germany, UK, etc. for the adoption of environmentally friendly activities to reduce the carbon footprint of the construction sector, should further give the market.

Market trends by type of raw material

The market is segmented as spruce, fir, pine, larch and others. The spruce segment is expected to witness a major share of the market during the forecast period due to its high utilization as a raw material by the producers. Spruce is widely available in Alpine Europe, where most of the production facilities are located.

Which region offers the best opportunities and growth?

North America is estimated to dominate the cross-laminated timber market during the forecast period. The popularity of cross laminated beams in the North American region is increasing rapidly. In addition, an increasing number of tall wooden structures are being installed in the region, thus stimulating regional production and demand. The growing demand for solid timber for construction will stimulate regional growth. Europe and Asia-Pacific are expected to offer substantial growth opportunities over the forecast period.

Impact of COVID-19 on the cross-laminated timber market

COVID-19 brought many industries to an instant halt around the world. The lockdown regulations in several countries have rapidly impacted the global economy by affecting the supply chain, production and demand in the market. Both direct and indirect impacts of the pandemic have been incorporated into this report.

To learn more about the impact of covid-19, get a free sample report here:

Who are the best players in the market?

After an in-depth analysis of the market, the experts have listed some key players and discussed the company profiles of the following players:

  • Stora Enso
  • khl extension
  • binderholz
  • Mayr Melnhof
  • Hasslacher
  • XLam Limited
  • Sterling timber
  • Shilliger Holz AG
  • Eugen Decker Holzindustrie KG
  • Structural
  • Smartlam
  • Meiken Lamwood Corp.

What results will you get in this report?

  • In-depth analysis of the cross laminated wood market
  • Detailed market segmentation.
  • Analysis of the competitive landscape.
  • Analysis of historical, present and future market dimensions.
  • Industry trends, technologies and advances.
  • Growth and operational strategies adopted by the main players.
  • Potential segments/regions offering promising growth.
  • Geographic presence of the main players.

Related reports that might be helpful:

  1. Crosslinked polyethylene market
  2. PEX market (cross-linked polyethylene).

Who we are –

Stratview Research is a global market research firm offering trusted market reports, market entry strategies, strategic growth advice, and more. Market experts gather high-quality market intelligence to help users gain clarity at a granular level about current business trends and anticipated future developments. Stratview Research also offers report customization. Contact the analysts to customize the report provided according to your priorities/requirements.

Stratview Research has also launched ‘Compositsights’, an online portal offering free thought leadership reports, white papers, market report synopses and much more for Composites and related industries, valued at USD 20,000 annually.

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